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AIK Pipes And Polymers IPO vs HRH Next Services IPO

Comparision between AIK Pipes And Polymers IPO and HRH Next Services IPO.

IPO Details

AIK Pipes And Polymers IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while HRH Next Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  AIK Pipes And Polymers IPO HRH Next Services IPO
Logo AIK Pipes And Polymers IPO Logo HRH Next Services IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Shreni Shares Limited Finshore Management Services Limited
Registrar Skyline Financial Services Private Ltd Cameo Corporate Services Limited
Market Maker Shreni Shares Limited Nikunj Stock Brokers Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AIK Pipes And Polymers IPO is up to ₹15.02 Cr whereas the issue size of the HRH Next Services IPO is up to ₹9.57 Cr. The final issue price of AIK Pipes And Polymers IPO is ₹89.00 per share and of HRH Next Services IPO is ₹36.00 per share.

  AIK Pipes And Polymers IPO HRH Next Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹89.00 per share ₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 3000 shares
Fresh Issue Size 16,88,000 shares 26,58,000 shares
Fresh Issue Size (Amount) up to ₹15.02 Cr up to ₹9.57 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 16,88,000 shares 26,58,000 shares
Issue Size Total (Amount) up to ₹15.02 Cr up to ₹9.57 Cr

IPO Timetable

AIK Pipes And Polymers IPO opens on Dec 26, 2023, while HRH Next Services IPO opens on Dec 27, 2023. The closing date of AIK Pipes And Polymers IPO and HRH Next Services IPO is Dec 28, 2023, and Dec 29, 2023, respectively.

  AIK Pipes And Polymers IPO HRH Next Services IPO
Anchor Bid Date
Issue Open Dec 26, 2023 Dec 27, 2023
Issue Close Dec 28, 2023 Dec 29, 2023
Basis Of Allotment (Tentative) Dec 29, 2023 Jan 01, 2024
Initiation of Refunds (Tentative) Jan 01, 2024 Jan 02, 2024
Credit of Share (Tentative) Jan 01, 2024 Jan 02, 2024
Listing date (Tentative) Jan 02, 2024 Jan 03, 2024
Anchor Lockin End date 1 Jan 28, 2024 Jan 31, 2024
Anchor Lockin End date 2 Mar 28, 2024 Mar 31, 2024

Financials

AIK Pipes And Polymers IPO P/E ratio is 21.54, as compared to HRH Next Services IPO P/E ratio of 6.78.

  AIK Pipes And Polymers IPO HRH Next Services IPO
Financial

AIK Pipes And Polymers Limited Financial Information (Restated)

AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,638.561,450.50968.13739.75
Revenue1,400.423,077.922,090.841,020.54
Profit After Tax101.97187.7487.9026.99
Net Worth662.47560.50202.7684.86
Reserves and Surplus194.97433.00132.7644.86
Total Borrowing429.91538.09432.17382.88
Amount in ₹ Lakhs

HRH Next Services Limited Financial Information (Restated)

HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,113.862,882.291,864.851,298.10
Revenue2,152.515,124.964,428.422,424.26
Profit After Tax150.84347.7993.0325.18
Net Worth1,320.711,044.79697.00603.97
Reserves and Surplus665.961,024.79677.00583.97
Total Borrowing1,083.77990.57442.58401.88
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 97.88%
Promoter Shareholding (Post-Issue) 73.47% 69.61%
P/E Ratio 21.54 6.78
Market Cap ₹56.63 Cr. ₹33.14 Cr.
ROE 49.19%% 39.94%%
ROCE 17.90%% 6.80%%
Debt/Equity 0.96 0.12
EPS ₹4.13 ₹5.31
RoNW 33.50% 33.29%%

Shares Offered

In the AIK Pipes And Polymers IPO retail investors (RII) are offered 8,01,600 shares while in HRH Next Services IPO retail investors are offered 8,01,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in AIK Pipes And Polymers IPO and 0 shares in HRH Next Services IPO.

  AIK Pipes And Polymers IPO HRH Next Services IPO
Anchor Investor Reserveration
Market Maker Reserveration 84,800 shares 1,35,000 shares
QIB 0 shares 0 shares
NII 8,01,600 shares 12,63,000 shares
RII 8,01,600 shares 12,60,000 shares
Employee 0 shares 0 shares
Others
Total 16,03,200 shares 25,23,000 shares

Bids Received (Subscription)

AIK Pipes And Polymers IPO subscribed 43.57x in total, whereas HRH Next Services IPO subscribed 66.29x.

  AIK Pipes And Polymers IPO HRH Next Services IPO
QIB (times)
NII (times) 52.17x 66.91x
Big NII (times)
Small NII (times)
RII (times) 30.93x 63.61x
Employee (times)
Other (times)
Total (times) 43.57x 66.29x

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