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HOAC Foods IPO vs Rulka Electricals IPO

Comparison between HOAC Foods IPO and Rulka Electricals IPO.

IPO Details

HOAC Foods IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Bookbuilding proposed to list at NSE SME.

 HOAC Foods IPORulka Electricals IPO
LogoHOAC Foods IPO LogoRulka Electricals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of HOAC Foods IPO is up to ₹5.10 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹25.07 Cr. The final issue price of HOAC Foods IPO is ₹48.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

 HOAC Foods IPORulka Electricals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹223.00 per share
Issue Price (Upper)₹235.00 per share
Issue Price (Final)₹48.00 per share₹235.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares600 shares
Fresh Issue Size10,62,000 shares7,86,000 shares
Fresh Issue Size (Amount)up to ₹5.10 Crup to ₹18.47 Cr
OFS Issue Size0 shares2,80,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.60 Cr
Issue Size Total10,62,000 shares10,66,800 shares
Issue Size Total (Amount)up to ₹5.10 Crup to ₹25.07 Cr

IPO Timetable

HOAC Foods IPO opens on May 16, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of HOAC Foods IPO and Rulka Electricals IPO is May 21, 2024, and May 21, 2024, respectively.

 HOAC Foods IPORulka Electricals IPO
Anchor Bid DateMay 15, 2024
Issue OpenMay 16, 2024May 16, 2024
Issue CloseMay 21, 2024May 21, 2024
Basis Of Allotment (Tentative)May 22, 2024May 22, 2024
Initiation of Refunds (Tentative)May 23, 2024May 23, 2024
Credit of Share (Tentative)May 23, 2024May 23, 2024
Listing date (Tentative)May 24, 2024May 24, 2024
Anchor Lockin End date 1Jun 21, 2024
Anchor Lockin End date 2Aug 20, 2024

Financials & KPIs

HOAC Foods IPO P/E ratio is 21.95, as compared to Rulka Electricals IPO P/E ratio of 28.62.

 HOAC Foods IPORulka Electricals IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets7.664.923.602.08
Total Income11.5512.1910.947.46
Profit After Tax0.750.590.270.13
NET Worth3.161.570.980.32
Reserves and Surplus0.471.350.760.22
Total Borrowing2.041.901.481.28
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets40.8228.2719.199.82
Total Income65.2846.9036.2719.60
Profit After Tax5.662.811.120.54
NET Worth12.905.572.771.65
Reserves and Surplus9.495.462.661.54
Total Borrowing11.055.272.812.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9986.28
Promoter Shareholding (Post-Issue)69.9569.22
P/E Ratio21.9528.62
Market Cap₹18.45 Cr.₹100.07 Cr.
ROE23.6061.25
ROCE23.4333.67
Debt/Equity0.272.16
EPS₹2.19₹8.21
RoNW23.6043.85

Shares Offered

In the HOAC Foods IPO Retail Individual Investors (RII) are offered 5,34,000 shares while in Rulka Electricals IPO retail investors are offered 5,34,000 shares. Qualified Institutional Buyers (QIB) are offered in HOAC Foods IPO and 2,13,600 shares in Rulka Electricals IPO.

 HOAC Foods IPORulka Electricals IPO
Anchor Investor Reservation3,19,200 shares
Market Maker Reservation93,000 shares56,400 shares
QIB2,13,600 shares
NII5,28,000 shares1,60,200 shares
RII5,34,000 shares3,73,800 shares
Employee
Others
Total10,62,000 shares10,66,800 shares

Bids Received (Subscription)

HOAC Foods IPO subscribed 1,994.53x in total, whereas Rulka Electricals IPO subscribed 474.31x.

 HOAC Foods IPORulka Electricals IPO
QIB (times)204.22x
NII (times)1,440.74x1,350.15x
Big NII (times)
Small NII (times)
RII (times)2,542.10x658.32x
Employee (times)
Other (times)
Total (times)1,994.53x474.31x

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Compare:

HOAC Foods IPO Vs Rulka Electricals IPO