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Bizotic Commercial IPO vs Sahana System IPO

Comparision between Bizotic Commercial IPO and Sahana System IPO.

IPO Details

Bizotic Commercial IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sahana System IPO is a SME Book Built Issue proposed to list at NSE SME.

  Bizotic Commercial IPO Sahana System IPO
Logo Bizotic Commercial IPO Logo Sahana System IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Interactive Financial Services Ltd Unistone Capital Pvt Ltd

Interactive Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Purva Sharegistry India Pvt Ltd
Market Maker Beeline Broking Ltd. Rikhav Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bizotic Commercial IPO is up to ₹42.21 Cr whereas the issue size of the Sahana System IPO is up to ₹32.74 Cr. The final issue price of Bizotic Commercial IPO is ₹175.00 per share and of Sahana System IPO is ₹135.00 per share.

  Bizotic Commercial IPO Sahana System IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹132.00 per share
Issue Price (Upper) ₹135.00 per share
Issue Price (Final) ₹175.00 per share ₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 800 shares 1000 shares
Fresh Issue Size 24,12,000 shares 24,25,000 shares
Fresh Issue Size (Amount) up to ₹42.21 Cr up to ₹32.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 24,12,000 shares 24,25,000 shares
Issue Size Total (Amount) up to ₹42.21 Cr up to ₹32.74 Cr

IPO Timetable

Bizotic Commercial IPO opens on Jun 12, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Bizotic Commercial IPO and Sahana System IPO is Jun 15, 2023, and Jun 02, 2023, respectively.

  Bizotic Commercial IPO Sahana System IPO
Anchor Bid Date
Issue Open Jun 12, 2023 May 31, 2023
Issue Close Jun 15, 2023 Jun 02, 2023
Basis Of Allotment (Tentative) Jun 20, 2023 Jun 07, 2023
Initiation of Refunds (Tentative) Jun 21, 2023 Jun 08, 2023
Credit of Share (Tentative) Jun 22, 2023 Jun 09, 2023
Listing date (Tentative) Jun 23, 2023 Jun 12, 2023
Anchor Lockin End date 1 Jul 20, 2023 Jul 07, 2023
Anchor Lockin End date 2 Sep 18, 2023 Sep 05, 2023

Financials

Bizotic Commercial IPO P/E ratio is 36.38, as compared to Sahana System IPO P/E ratio of 16.88.

  Bizotic Commercial IPO Sahana System IPO
Financial
Bizotic Commercial Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,102.041,113.9716.3429.5228.52
31-Mar-211,897.651,679.9734.0863.6062.60
31-Mar-223,738.375,341.9859.57123.17122.17256.48
31-Dec-223,972.953,749.41290.28865.52302.72369.40
Amount in ₹ Lakhs
Sahana System Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-21772.93331.4716.4417.4416.44723.25
31-Mar-221,498.911,217.39141.18452.06142.53512.59
31-Mar-232,417.822,414.23639.641,079.71522.56477.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 90.25%
Promoter Shareholding (Post-Issue)
P/E Ratio 36.38 16.88
Market Cap ₹140.70 Cr. ₹107.95 Cr.
ROE 83.52%%
ROCE 61.05%%
Debt/Equity 0.44
EPS ₹0.82 ₹11.48
RoNW 51.27%% 59.24%%

Shares Offered

In the Bizotic Commercial IPO retail investors (RII) are offered 11,45,600 shares while in Sahana System IPO retail investors are offered 11,45,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Bizotic Commercial IPO and 2,30,000 shares in Sahana System IPO.

  Bizotic Commercial IPO Sahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,20,800 shares 1,25,000 shares
QIB 0 shares 2,30,000 shares
NII 11,45,600 shares 10,35,000 shares
RII 11,45,600 shares 10,35,000 shares
Employee 0 shares 0 shares
Others
Total 22,91,200 shares 23,00,000 shares

Bids Received (Subscription)

Bizotic Commercial IPO subscribed 1.87x in total, whereas Sahana System IPO subscribed 9.99x.

  Bizotic Commercial IPO Sahana System IPO
QIB (times) 9.70x
NII (times) 2.00x 7.07x
Big NII (times)
Small NII (times)
RII (times) 1.74x 12.97x
Employee (times)
Other (times)
Total (times) 1.87x 9.99x

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