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Harshdeep Hortico IPO vs Megatherm Induction IPO

Comparision between Harshdeep Hortico IPO and Megatherm Induction IPO.

IPO Details

Harshdeep Hortico IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Megatherm Induction IPO is a SME Book Built Issue proposed to list at NSE SME.

  Harshdeep Hortico IPO Megatherm Induction IPO
Logo Harshdeep Hortico IPO Logo Megatherm Induction IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Hem Securities Limited Hem Securities Limited
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Hem Finlease Private Limited
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 Harshdeep Hortico IPO is up to ₹19.09 Cr whereas the issue size of the Megatherm Induction IPO is up to ₹53.91 Cr. The final issue price of Harshdeep Hortico IPO is ₹45.00 per share and of Megatherm Induction IPO is ₹108.00 per share.

  Harshdeep Hortico IPO Megatherm Induction IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹42.00 per share ₹100.00 per share
Issue Price (Upper) ₹45.00 per share ₹108.00 per share
Issue Price (Final) ₹45.00 per share ₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1200 shares
Fresh Issue Size 42,42,000 shares 49,92,000 shares
Fresh Issue Size (Amount) up to ₹19.09 Cr up to ₹53.91 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 42,42,000 shares 49,92,000 shares
Issue Size Total (Amount) up to ₹19.09 Cr up to ₹53.91 Cr

IPO Timetable

Harshdeep Hortico IPO opens on Jan 29, 2024, while Megatherm Induction IPO opens on Jan 29, 2024. The closing date of Harshdeep Hortico IPO and Megatherm Induction IPO is Jan 31, 2024, and Jan 31, 2024, respectively.

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

Financials

Harshdeep Hortico IPO P/E ratio is 0, as compared to Megatherm Induction IPO P/E ratio of 10.68.

  Harshdeep Hortico IPO Megatherm Induction IPO
Financial

Harshdeep Hortico Limited Financial Information (Restated)

Period Ended31 Jul 202331 Mar 2023
Assets3,059.494.89
Revenue1,482.84
Profit After Tax177.24-0.27
Net Worth1,325.824.73
Reserves and Surplus1,318.85-0.27
Total Borrowing636.82
Amount in ₹ Lakhs

Megatherm Induction Limited Financial Information (Restated)

Megatherm Induction Limited's revenue increased by 41.37% and profit after tax (PAT) rose by 1171.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,040.2819,197.8717,262.7614,645.06
Revenue14,732.3126,643.8418,846.9210,927.03
Profit After Tax759.341,400.41110.10309.12
Net Worth5,821.985,062.643,662.233,512.13
Reserves and Surplus4,437.114,139.392,738.982,598.88
Total Borrowing4,480.464,282.044,038.804,327.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 97.38% 98.92%
Promoter Shareholding (Post-Issue) 71.72% 72.71%
P/E Ratio 0 10.68
Market Cap ₹72.42 Cr. ₹203.48 Cr.
ROE 27.66%%
ROCE 27.47%%
Debt/Equity 1.67
EPS ₹0.00 ₹10.11
RoNW 27.66%%

Shares Offered

In the Harshdeep Hortico IPO retail investors (RII) are offered 14,10,000 shares while in Megatherm Induction IPO retail investors are offered 14,10,000 shares. Qualified institutional buyers (QIB) are offered 2,04,000 shares in Harshdeep Hortico IPO and 9,48,000 shares in Megatherm Induction IPO.

  Harshdeep Hortico IPO Megatherm Induction IPO
Anchor Investor Reserveration 12,06,000 shares 14,22,000 shares
Market Maker Reserveration 2,16,000 shares 2,50,800 shares
QIB 2,04,000 shares 9,48,000 shares
NII 6,06,000 shares 7,11,600 shares
RII 14,10,000 shares 16,59,600 shares
Employee 0 shares 0 shares
Others
Total 22,20,000 shares 33,19,200 shares

Bids Received (Subscription)

Harshdeep Hortico IPO subscribed 131.69x in total, whereas Megatherm Induction IPO subscribed 196.11x.

  Harshdeep Hortico IPO Megatherm Induction IPO
QIB (times) 213.53x 105.14x
NII (times) 181.95x 307.04x
Big NII (times)
Small NII (times)
RII (times) 98.25x 200.51x
Employee (times)
Other (times)
Total (times) 131.69x 196.11x

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