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HRH Next Services IPO vs Indifra IPO

Comparision between HRH Next Services IPO and Indifra IPO.

IPO Details

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

  HRH Next Services IPO Indifra IPO
Logo HRH Next Services IPO Logo Indifra 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 Beeline Capital Advisors Pvt Ltd
Registrar Cameo Corporate Services Limited Kfin Technologies Limited
Market Maker Nikunj Stock Brokers Limited Spread X Securities 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 Indifra IPO is up to ₹14.04 Cr. The final issue price of HRH Next Services IPO is ₹36.00 per share and of Indifra IPO is ₹65.00 per share.

  HRH Next Services IPO Indifra IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹36.00 per share ₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 2000 shares
Fresh Issue Size 26,58,000 shares 21,60,000 shares
Fresh Issue Size (Amount) up to ₹9.57 Cr up to ₹14.04 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 26,58,000 shares 21,60,000 shares
Issue Size Total (Amount) up to ₹9.57 Cr up to ₹14.04 Cr

IPO Timetable

HRH Next Services IPO opens on Dec 27, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of HRH Next Services IPO and Indifra IPO is Dec 29, 2023, and Dec 26, 2023, respectively.

  HRH Next Services IPO Indifra IPO
Anchor Bid Date
Issue Open Dec 27, 2023 Dec 21, 2023
Issue Close Dec 29, 2023 Dec 26, 2023
Basis Of Allotment (Tentative) Jan 01, 2024 Dec 27, 2023
Initiation of Refunds (Tentative) Jan 02, 2024 Dec 28, 2023
Credit of Share (Tentative) Jan 02, 2024 Dec 28, 2023
Listing date (Tentative) Jan 03, 2024 Dec 29, 2023
Anchor Lockin End date 1 Jan 31, 2024 Jan 26, 2024
Anchor Lockin End date 2 Mar 31, 2024 Mar 26, 2024

Financials

HRH Next Services IPO P/E ratio is 6.78, as compared to Indifra IPO P/E ratio of 11.23.

  HRH Next Services IPO Indifra 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

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets630.24312.46420.10229.63
Revenue64.281,001.691,092.41306.54
Profit After Tax3.5499.0839.9410.51
Net Worth533.25169.7070.6230.68
Reserves and Surplus20.25168.7069.6229.68
Total Borrowing38.2650.6145.05
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 97.88% 96%
Promoter Shareholding (Post-Issue) 69.61% 67.55%
P/E Ratio 6.78 11.23
Market Cap ₹33.14 Cr. ₹47.39 Cr.
ROE 39.94%% 82.45%%
ROCE 6.80%% 86.21%%
Debt/Equity 0.12
EPS ₹5.31 ₹5.79
RoNW 33.29%% 82.45%%

Shares Offered

In the HRH Next Services IPO retail investors (RII) are offered 12,60,000 shares while in Indifra 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 Indifra IPO.

  HRH Next Services IPO Indifra IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,35,000 shares 1,08,000 shares
QIB 0 shares 0 shares
NII 12,63,000 shares 10,26,000 shares
RII 12,60,000 shares 10,26,000 shares
Employee 0 shares 0 shares
Others
Total 25,23,000 shares 20,52,000 shares

Bids Received (Subscription)

HRH Next Services IPO subscribed 66.29x in total, whereas Indifra IPO subscribed 7.21x.

  HRH Next Services IPO Indifra IPO
QIB (times)
NII (times) 66.91x 2.34x
Big NII (times)
Small NII (times)
RII (times) 63.61x 12.07x
Employee (times)
Other (times)
Total (times) 66.29x 7.21x

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