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HRH Next Services IPO vs IBL Finance IPO

Comparision between HRH Next Services IPO and IBL Finance IPO.

IPO Details

HRH Next Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  HRH Next Services IPO IBL Finance IPO
Logo HRH Next Services IPO Logo IBL Finance IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Finshore Management Services Limited Fedex Securities Pvt Ltd
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Market-Hub Stock Broking Private 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 HRH Next Services IPO is up to ₹9.57 Cr whereas the issue size of the IBL Finance IPO is up to ₹33.41 Cr. The final issue price of HRH Next Services IPO is ₹36.00 per share and of IBL Finance IPO is ₹51.00 per share.

  HRH Next Services IPO IBL Finance IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹36.00 per share ₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 2000 shares
Fresh Issue Size 26,58,000 shares 65,50,000 shares
Fresh Issue Size (Amount) up to ₹9.57 Cr up to ₹33.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 26,58,000 shares 65,50,000 shares
Issue Size Total (Amount) up to ₹9.57 Cr up to ₹33.41 Cr

IPO Timetable

HRH Next Services IPO opens on Dec 27, 2023, while IBL Finance IPO opens on Jan 09, 2024. The closing date of HRH Next Services IPO and IBL Finance IPO is Dec 29, 2023, and Jan 11, 2024, respectively.

  HRH Next Services IPO IBL Finance IPO
Anchor Bid Date
Issue Open Dec 27, 2023 Jan 09, 2024
Issue Close Dec 29, 2023 Jan 11, 2024
Basis Of Allotment (Tentative) Jan 01, 2024 Jan 12, 2024
Initiation of Refunds (Tentative) Jan 02, 2024 Jan 15, 2024
Credit of Share (Tentative) Jan 02, 2024 Jan 15, 2024
Listing date (Tentative) Jan 03, 2024 Jan 16, 2024
Anchor Lockin End date 1 Jan 31, 2024 Feb 11, 2024
Anchor Lockin End date 2 Mar 31, 2024 Apr 11, 2024

Financials

HRH Next Services IPO P/E ratio is 6.78, as compared to IBL Finance IPO P/E ratio of 48.08.

  HRH Next Services IPO IBL Finance IPO
Financial

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

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,317.602,218.111,022.85339.10
Revenue492.581,333.13327.08112.59
Profit After Tax120.60192.8342.73-9.88
Net Worth2,169.342,048.74355.47312.73
Reserves and Surplus351.271,139.7129.47-13.27
Total Borrowing7.519.12640.58
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 97.88% 85.55%
Promoter Shareholding (Post-Issue) 69.61% 62.89%
P/E Ratio 6.78 48.08
Market Cap ₹33.14 Cr. ₹126.13 Cr.
ROE 39.94%% 9.41%%
ROCE 6.80%% 18.88%%
Debt/Equity 0.12 0
EPS ₹5.31 ₹1.06
RoNW 33.29%% 9.41%%

Shares Offered

In the HRH Next Services IPO retail investors (RII) are offered 12,60,000 shares while in IBL Finance IPO retail investors are offered 12,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in HRH Next Services IPO and 0 shares in IBL Finance IPO.

  HRH Next Services IPO IBL Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,35,000 shares 3,30,000 shares
QIB 0 shares 0 shares
NII 12,63,000 shares 31,10,000 shares
RII 12,60,000 shares 31,10,000 shares
Employee 0 shares 0 shares
Others
Total 25,23,000 shares 62,20,000 shares

Bids Received (Subscription)

HRH Next Services IPO subscribed 66.29x in total, whereas IBL Finance IPO subscribed 17.00x.

  HRH Next Services IPO IBL Finance IPO
QIB (times)
NII (times) 66.91x 9.94x
Big NII (times)
Small NII (times)
RII (times) 63.61x 24.03x
Employee (times)
Other (times)
Total (times) 66.29x 17.00x

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