HMA Agro Industries IPO vs IKIO Lighting IPO

Comparision between HMA Agro Industries IPO and IKIO Lighting IPO.

IPO Details

HMA Agro Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IKIO Lighting IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HMA Agro Industries IPO	IKIO Lighting IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Aryaman Financial Services Limited	Motilal Oswal Investment Advisors Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of HMA Agro Industries IPO is up to ₹480.00 Cr whereas the issue size of the IKIO Lighting IPO is up to ₹606.50 Cr. The final issue price of HMA Agro Industries IPO is ₹585.00 per share and of IKIO Lighting IPO is ₹285.00 per share.

	HMA Agro Industries IPO	IKIO Lighting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹555.00 per share	₹270.00 per share
Issue Price (Upper)	₹585.00 per share	₹285.00 per share
Issue Price (Final)	₹585.00 per share	₹285.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	52 shares
Fresh Issue Size	25,64,102 shares	1,22,80,701 shares
Fresh Issue Size (Amount)	up to ₹150.00 Cr	up to ₹350.00 Cr
OFS Issue Size	56,41,025 shares	90,00,000 shares
OFS Issue Size (Amount)	up to ₹330.00 Cr	up to ₹256.50 Cr
Issue Size Total	82,05,127 shares	2,12,80,701 shares
Issue Size Total (Amount)	up to ₹480.00 Cr	up to ₹606.50 Cr

IPO Timetable

HMA Agro Industries IPO opens on Jun 20, 2023, while IKIO Lighting IPO opens on Jun 06, 2023. The closing date of HMA Agro Industries IPO and IKIO Lighting IPO is Jun 23, 2023, and Jun 08, 2023, respectively.

	HMA Agro Industries IPO	IKIO Lighting IPO
Anchor Bid Date	Jun 19, 2023	Jun 05, 2023
Issue Open	Jun 20, 2023	Jun 06, 2023
Issue Close	Jun 23, 2023	Jun 08, 2023
Basis Of Allotment (Tentative)	Jun 29, 2023	Jun 13, 2023
Initiation of Refunds (Tentative)	Jun 30, 2023	Jun 14, 2023
Credit of Share (Tentative)	Jul 03, 2023	Jun 15, 2023
Listing date (Tentative)	Jul 04, 2023	Jun 16, 2023
Anchor Lockin End date 1	Jul 29, 2023	Jul 13, 2023
Anchor Lockin End date 2	Sep 27, 2023	Sep 11, 2023

Financials

HMA Agro Industries IPO P/E ratio is 19.4, as compared to IKIO Lighting IPO P/E ratio of 32.13.

HMA Agro Industries IPO

IKIO Lighting IPO

Financial

HMA Agro Industries Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-19	549.27	2,784.03	31.17	141.45	137.73	131.98
31-Mar-20	472.85	2,416.61	45.90	187.05	183.32	169.13
31-Mar-21	572.04	1,720.40	71.60	258.69	254.92	181.34
31-Mar-22	856.11	3,138.98	117.62	374.65	327.03	330.02
Amount in ₹ Crore

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	144.83	221.83	21.41	35.90	46.86
31-Mar-21	174.45	214.57	28.81	62.86	69.36
31-Mar-22	264.87	334.00	50.52	108.87	106.56
31-Dec-22	335.50	332.79	51.35	140.83	136.33
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

72.46%

P/E Ratio

19.4

32.13

Market Cap

₹2929.50 Cr.

₹2202.50 Cr.

ROE

36.00%%

ROCE

0.33%

26.00%%

Debt/Equity

0.75

1.03

EPS

₹18.83

₹7.90

RoNW

28.78%%

36.46%%

Shares Offered

In the HMA Agro Industries IPO retail investors (RII) are offered 30,27,027 shares while in IKIO Lighting IPO retail investors are offered 30,27,027 shares. Qualified institutional buyers (QIB) are offered 17,29,729 shares in HMA Agro Industries IPO and 42,56,140 shares in IKIO Lighting IPO.

	HMA Agro Industries IPO	IKIO Lighting IPO
Anchor Investor Reserveration	24,61,537 shares	63,84,209 shares
Market Maker Reserveration
QIB	17,29,729 shares	42,56,140 shares
NII	12,97,298 shares	31,92,107 shares
RII	30,27,027 shares	74,48,246 shares
Employee	0 shares	0 shares
Others
Total	60,54,054 shares	1,48,96,493 shares

Bids Received (Subscription)

HMA Agro Industries IPO subscribed 1.62x in total, whereas IKIO Lighting IPO subscribed 67.75x.

	HMA Agro Industries IPO	IKIO Lighting IPO
QIB (times)	1.74x	163.06x
NII (times)	2.97x	65.38x
Big NII (times)	3.82x	69.01x
Small NII (times)	1.29x	58.13x
RII (times)	0.96x	14.31x
Employee (times)
Other (times)
Total (times)	1.62x	67.75x

Compare with others

HMA Agro Industries IPO	IKIO Lighting IPO
Netweb Technologies India IPO	Utkarsh Small Finance Bank IPO
Utkarsh Small Finance Bank IPO	Senco Gold IPO
Senco Gold IPO	Cyient DLM IPO
Cyient DLM IPO	ideaForge Technology IPO
ideaForge Technology IPO	HMA Agro Industries IPO
IKIO Lighting IPO	Tata Technologies IPO
Tata Technologies IPO	Nexus Select Trust REIT
Nexus Select Trust REIT	Mankind Pharma IPO
Mankind Pharma IPO	Avalon Technologies IPO
Avalon Technologies IPO	Udayshivakumar Infra IPO

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