Bharti Hexacom IPO vs Indegene IPO

Comparision between Bharti Hexacom IPO and Indegene IPO.

IPO Details

Bharti Hexacom IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Indegene IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharti Hexacom IPO	Indegene 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	SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited ICICI Securities Limited Iifl Securities Ltd	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 Bharti Hexacom IPO is up to ₹4,275.00 Cr whereas the issue size of the Indegene IPO is up to ₹1,841.76 Cr. The final issue price of Bharti Hexacom IPO is ₹570.00 per share and of Indegene IPO is ₹452.00 per share.

	Bharti Hexacom IPO	Indegene IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹542.00 per share	₹430.00 per share
Issue Price (Upper)	₹570.00 per share	₹452.00 per share
Issue Price (Final)	₹570.00 per share	₹452.00 per share
Discount (Retail)
Discount (Employee)		₹30.00 per share
Market Lot Size	26 shares	33 shares
Fresh Issue Size		1,68,14,159 shares
Fresh Issue Size (Amount)		up to ₹760.00 Cr
OFS Issue Size	7,50,00,000 shares	2,39,32,732 shares
OFS Issue Size (Amount)	up to ₹4,275.00 Cr	up to ₹1,081.76 Cr
Issue Size Total	7,50,00,000 shares	4,07,46,891 shares
Issue Size Total (Amount)	up to ₹4,275.00 Cr	up to ₹1,841.76 Cr

IPO Timetable

Bharti Hexacom IPO opens on Apr 03, 2024, while Indegene IPO opens on May 06, 2024. The closing date of Bharti Hexacom IPO and Indegene IPO is Apr 05, 2024, and May 08, 2024, respectively.

	Bharti Hexacom IPO	Indegene IPO
Anchor Bid Date	Apr 02, 2024	May 03, 2024
Issue Open	Apr 03, 2024	May 06, 2024
Issue Close	Apr 05, 2024	May 08, 2024
Basis Of Allotment (Tentative)	Apr 08, 2024	May 09, 2024
Initiation of Refunds (Tentative)	Apr 10, 2024	May 10, 2024
Credit of Share (Tentative)	Apr 10, 2024	May 10, 2024
Listing date (Tentative)	Apr 12, 2024	May 13, 2024
Anchor Lockin End date 1	May 08, 2024	Jun 08, 2024
Anchor Lockin End date 2	Jul 07, 2024	Aug 07, 2024

Financials

Bharti Hexacom IPO P/E ratio is 51.89, as compared to Indegene IPO P/E ratio of 37.78.

Bharti Hexacom IPO

Indegene IPO

Financial

Bharti Hexacom Limited Financial Information (Restated Standalone)

Bharti Hexacom Limited's revenue increased by 22.3% and profit after tax (PAT) dropped by -67.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	19,603.00	18,252.90	16,674.30	15,003.50
Revenue	5,420.80	6,719.20	5,494.00	4,704.30
Profit After Tax	281.80	549.20	1,674.60	1,033.90
Net Worth	3,978.80	3,972.20	3,573.20	1,898.70
Reserves and Surplus	4,166.10	3,959.50	3,410.50	1,736.00
Total Borrowing	6,253.00	6,269.30	7,198.30	5,975.20
Amount in ₹ Crore

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,518.15	2,203.87	1,353.47	596.04
Revenue	1,969.75	2,364.10	1,690.50	996.92
Profit After Tax	241.90	266.10	162.82	149.41
Net Worth	1,327.00	1,063.72	763.90	324.51
Reserves and Surplus	1,282.65	1,019.43	763.55	324.19
Total Borrowing	399.33	394.34	18.24	24.76
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.00%

30.71%

Promoter Shareholding (Post-Issue)

70.00%

P/E Ratio

51.89

37.78

Market Cap

₹28500.00 Cr.

₹10814.07 Cr.

ROE

ROCE

Debt/Equity

1.41

0.3

EPS

₹10.98

₹11.96

RoNW

7.08%%

18.23%%

Shares Offered

In the Bharti Hexacom IPO retail investors (RII) are offered 75,00,000 shares while in Indegene IPO retail investors are offered 75,00,000 shares. Qualified institutional buyers (QIB) are offered 2,25,00,000 shares in Bharti Hexacom IPO and 80,94,069 shares in Indegene IPO.

	Bharti Hexacom IPO	Indegene IPO
Anchor Investor Reserveration	3,37,50,000 shares	1,21,41,102 shares
Market Maker Reserveration
QIB	2,25,00,000 shares	80,94,069 shares
NII	1,12,50,000 shares	60,70,552 shares
RII	75,00,000 shares	1,41,64,620 shares
Employee	0 shares	2,96,209 shares
Others
Total	4,12,50,000 shares	2,86,25,450 shares

Bids Received (Subscription)

Bharti Hexacom IPO subscribed 29.88x in total, whereas Indegene IPO subscribed 70.30x.

	Bharti Hexacom IPO	Indegene IPO
QIB (times)	48.57x	192.72x
NII (times)	10.52x	55.91x
Big NII (times)	12.27x	62.23x
Small NII (times)	7.00x	43.26x
RII (times)	2.83x	7.86x
Employee (times)		6.62x
Other (times)
Total (times)	29.88x	70.30x

Compare with others

Bharti Hexacom IPO	Indegene IPO
Aadhar Housing Finance IPO	Kronox Lab Sciences IPO
TBO Tek IPO	Awfis Space Solutions IPO
Indegene IPO	Go Digit IPO
JNK India IPO	Aadhar Housing Finance IPO
VI FPO	TBO Tek IPO
SRM Contractors IPO	JNK India IPO
Popular Vehicles & Services IPO	VI FPO
Gopal Namkeen IPO	Bharti Hexacom IPO
Krystal Integrated Services IPO	SRM Contractors IPO
JG Chemicals IPO	Popular Vehicles & Services IPO

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