Harshdeep Hortico IPO vs Italian Edibles IPO

Comparision between Harshdeep Hortico IPO and Italian Edibles IPO.

IPO Details

Harshdeep Hortico IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Italian Edibles IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Harshdeep Hortico IPO	Italian Edibles IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	First Overseas Capital Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Harshdeep Hortico IPO is up to ₹19.09 Cr whereas the issue size of the Italian Edibles IPO is up to ₹26.66 Cr. The final issue price of Harshdeep Hortico IPO is ₹45.00 per share and of Italian Edibles IPO is ₹68.00 per share.

	Harshdeep Hortico IPO	Italian Edibles IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹42.00 per share
Issue Price (Upper)	₹45.00 per share
Issue Price (Final)	₹45.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	42,42,000 shares	39,20,000 shares
Fresh Issue Size (Amount)	up to ₹19.09 Cr	up to ₹26.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	42,42,000 shares	39,20,000 shares
Issue Size Total (Amount)	up to ₹19.09 Cr	up to ₹26.66 Cr

IPO Timetable

Harshdeep Hortico IPO opens on Jan 29, 2024, while Italian Edibles IPO opens on Feb 02, 2024. The closing date of Harshdeep Hortico IPO and Italian Edibles IPO is Jan 31, 2024, and Feb 07, 2024, respectively.

	Harshdeep Hortico IPO	Italian Edibles IPO
Anchor Bid Date	Jan 25, 2024
Issue Open	Jan 29, 2024	Feb 02, 2024
Issue Close	Jan 31, 2024	Feb 07, 2024
Basis Of Allotment (Tentative)	Feb 01, 2024	Feb 08, 2024
Initiation of Refunds (Tentative)	Feb 02, 2024	Feb 09, 2024
Credit of Share (Tentative)	Feb 02, 2024	Feb 09, 2024
Listing date (Tentative)	Feb 05, 2024	Feb 12, 2024
Anchor Lockin End date 1	Mar 02, 2024	Mar 09, 2024
Anchor Lockin End date 2	May 01, 2024	May 08, 2024

Financials

Harshdeep Hortico IPO P/E ratio is 0, as compared to Italian Edibles IPO P/E ratio of 27.94.

Harshdeep Hortico IPO

Italian Edibles IPO

Financial

Harshdeep Hortico Limited Financial Information (Restated)

Period Ended	31 Jul 2023	31 Mar 2023
Assets	3,059.49	4.89
Revenue	1,482.84
Profit After Tax	177.24	-0.27
Net Worth	1,325.82	4.73
Reserves and Surplus	1,318.85	-0.27
Total Borrowing	636.82
Amount in ₹ Lakhs

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,824.64	4,155.24	3,905.45	3,946.43
Revenue	3,052.16	6,330.09	7,545.25	4,899.44
Profit After Tax	209.68	264.21	80.21	86.52
Net Worth	1,287.92	1,078.24	814.03	583.82
Reserves and Surplus	202.21	906.82	642.60	433.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.38%

100.00%

Promoter Shareholding (Post-Issue)

71.72%

73.47%

P/E Ratio

27.94

Market Cap

₹72.42 Cr.

₹100.48 Cr.

ROE

24.50%%

ROCE

19.32%%

Debt/Equity

1.6

EPS

₹0.00

₹2.43

RoNW

24.50%%

Shares Offered

In the Harshdeep Hortico IPO retail investors (RII) are offered 14,10,000 shares while in Italian Edibles IPO retail investors are offered 14,10,000 shares. Qualified institutional buyers (QIB) are offered 2,04,000 shares in Harshdeep Hortico IPO and 0 shares in Italian Edibles IPO.

	Harshdeep Hortico IPO	Italian Edibles IPO
Anchor Investor Reserveration	12,06,000 shares
Market Maker Reserveration	2,16,000 shares	2,00,000 shares
QIB	2,04,000 shares	0 shares
NII	6,06,000 shares	18,60,000 shares
RII	14,10,000 shares	18,60,000 shares
Employee	0 shares	0 shares
Others
Total	22,20,000 shares	37,20,000 shares

Bids Received (Subscription)

Harshdeep Hortico IPO subscribed 131.69x in total, whereas Italian Edibles IPO subscribed 154.43x.

	Harshdeep Hortico IPO	Italian Edibles IPO
QIB (times)	213.53x
NII (times)	181.95x	177.37x
Big NII (times)
Small NII (times)
RII (times)	98.25x	120.62x
Employee (times)
Other (times)
Total (times)	131.69x	154.43x

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Fonebook IPO	Harshdeep Hortico IPO
Brisk Technovision IPO	Megatherm Induction IPO

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