59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Hcin Networks Limited IPO Analysis

Hcin Networks IPO is a Book Building listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Information Technology sector. Swastika Investmart is the merchant banker of Hcin Networks IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 14th November 2024.

Hcin Networks IPO posted revenues of ₹ 34.80 crores and PAT of ₹ 7.92 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 97.72 Cr.
            EBITDA: ₹ 35.44 Cr.
            PAT: ₹ 30.24 Cr.
  • EBITDA Margin: 36.27 %
            Pat Margin: 30.95 %
  • Net Worth: ₹ 21.18 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 0.35 times
Nature of IPO : SME Upcoming
Exchange : NSE EMERGE
IPO Type : Book Building

Hcin Networks IPO Financial Performance (Restated)

Financial results of Hcin Networks IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY 24 FY 23 FY 22
Balance Sheet
Assets 37.50 8.51 3.57
Net Worth 21.18 1.13 0.13
Total Debt 13.95 3.81 1.22
Profit & Loss
Revenue
Revenue on annualised basis
24.43 15.98 6.87
EBITDA
EBITDA on annualised basis
8.86 0.49 0.31
PAT
PAT on annualised basis
7.56 0.02 0.10
Financials
FY 24
FY 23
FY 22
Balance Sheet
Assets
37.50
8.51
3.57

Net Worth
21.18
1.13
0.13

Total Debt
13.95
3.81
1.22

Profit & Loss
Revenue
Revenue on annualised basis
24.43
97.72
15.98
6.87

EBITDA
EBITDA on annualised basis
8.86
35.44
0.49
0.31

PAT
PAT on annualised basis
7.56
30.24
0.02
0.10

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Hcin Networks IPO Key performance Indicators (KPI)

Hcin Networks IPO PAT Margin is 30.95 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Hcin Networks IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY 24 FY 23 FY 22
EBITDA Margin (%) 36.27 3.07 4.51
PAT Margin (%) 30.95 0.13 1.46
EPS (₹) 5.52 [●] 0.09
ROE (%) 35.69 1.77 76.92
ROCE (%) [●] [●] [●]
ROA (%) 20.16 0.24 2.80
Debt to Equity 0.66 3.37 9.38
Particulars
FY 24
FY 23
FY 22

EBITDA Margin (%)
36.27
3.07
4.51

PAT Margin (%)
30.95
0.13
1.46

EPS (₹)
5.52
[●]
0.09

ROE (%)
35.69
1.77
76.92

ROCE (%)
[●]
[●]
[●]

ROA (%)
20.16
0.24
2.80

Debt to Equity (x)  
0.66
3.37
9.38

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Hcin Networks IPO Valuation Metrics

The market Capitalisation of Hcin Networks IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
12.25

EV/EBITDA (times) :
0.35

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
13.79

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Hcin Networks prospectus?

The Hcin Networks IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Hcin Networks IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Hcin Networks IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Hcin Networks IPO ?

The post-IPO market capitalisation of Hcin Networks IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Hcin Networks IPO?

The Hcin Networks IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Hcin Networks IPO?

Hcin Networks IPO reported revenue of ₹ 34.80 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Hcin Networks IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Hcin Networks IPO?

Hcin Networks recorded an EBITDA of ₹ 35.44 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Hcin Networks IPO?

Hcin Networks Profit After Tax (PAT) is ₹ 30.24 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 97.72 Cr.
            EBITDA: ₹ 35.44 Cr.
            PAT: ₹ 30.24 Cr.
  • EBITDA Margin: 36.27 %
            Pat Margin: 30.95 %
  • Net Worth: ₹ 21.18 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 0.35 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Hcin Networks operates in Information Technology and . The Issue is listed on NSE EMERGE in May, 2025. Hcin Networks IPO size was with Issue price of .

Hcin Networks IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Hcin Networks IPO listed at a listing price of against the offer price of .

The current market price of Hcin Networks is .

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