Cosmic CRF IPO vs Sahana System IPO

Comparision between Cosmic CRF IPO and Sahana System IPO.

IPO Details

Cosmic CRF 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.

	Cosmic CRF IPO	Sahana System 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	Horizon Management Private Limited	Unistone Capital Pvt Ltd Interactive Financial Services Ltd
Registrar	Mas Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	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 Cosmic CRF IPO is up to ₹57.21 Cr whereas the issue size of the Sahana System IPO is up to ₹32.74 Cr. The final issue price of Cosmic CRF IPO is ₹314.00 per share and of Sahana System IPO is ₹135.00 per share.

	Cosmic CRF IPO	Sahana System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹298.00 per share	₹132.00 per share
Issue Price (Upper)	₹314.00 per share	₹135.00 per share
Issue Price (Final)	₹314.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	400 shares	1000 shares
Fresh Issue Size	18,22,000 shares	24,25,000 shares
Fresh Issue Size (Amount)	up to ₹57.21 Cr	up to ₹32.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,22,000 shares	24,25,000 shares
Issue Size Total (Amount)	up to ₹57.21 Cr	up to ₹32.74 Cr

IPO Timetable

Cosmic CRF IPO opens on Jun 14, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Cosmic CRF IPO and Sahana System IPO is Jun 21, 2023, and Jun 02, 2023, respectively.

	Cosmic CRF IPO	Sahana System IPO
Anchor Bid Date
Issue Open	Jun 14, 2023	May 31, 2023
Issue Close	Jun 21, 2023	Jun 02, 2023
Basis Of Allotment (Tentative)	Jun 26, 2023	Jun 07, 2023
Initiation of Refunds (Tentative)	Jun 27, 2023	Jun 08, 2023
Credit of Share (Tentative)	Jun 29, 2023	Jun 09, 2023
Listing date (Tentative)	Jun 30, 2023	Jun 12, 2023
Anchor Lockin End date 1	Jul 26, 2023	Jul 07, 2023
Anchor Lockin End date 2	Sep 24, 2023	Sep 05, 2023

Financials

Cosmic CRF IPO P/E ratio is 35.64, as compared to Sahana System IPO P/E ratio of 16.88.

Cosmic CRF IPO

Sahana System IPO

Financial

Cosmic CRF Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1,605.02		-11.80	873.10	-11.80	671.72
31-Mar-23	6,875.24	12,149.31	641.20	1,629.40	629.40	3,151.33
Amount in ₹ Lakhs

Sahana System Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	772.93	331.47	16.44	17.44	16.44	723.25
31-Mar-22	1,498.91	1,217.39	141.18	452.06	142.53	512.59
31-Mar-23	2,417.82	2,414.23	639.64	1,079.71	522.56	477.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.42%

90.25%

Promoter Shareholding (Post-Issue)

72.52%

P/E Ratio

35.64

16.88

Market Cap

₹228.43 Cr.

₹107.95 Cr.

ROE

83.52%%

ROCE

61.05%%

Debt/Equity

0.44

EPS

₹13.50

₹11.48

RoNW

39.35%

59.24%%

Shares Offered

In the Cosmic CRF IPO retail investors (RII) are offered 12,98,000 shares while in Sahana System IPO retail investors are offered 12,98,000 shares. Qualified institutional buyers (QIB) are offered 34,400 shares in Cosmic CRF IPO and 2,30,000 shares in Sahana System IPO.

	Cosmic CRF IPO	Sahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration	91,200 shares	1,25,000 shares
QIB	34,400 shares	2,30,000 shares
NII	3,98,400 shares	10,35,000 shares
RII	12,98,000 shares	10,35,000 shares
Employee	0 shares	0 shares
Others
Total	17,30,800 shares	23,00,000 shares

Bids Received (Subscription)

Cosmic CRF IPO subscribed 1.16x in total, whereas Sahana System IPO subscribed 9.99x.

	Cosmic CRF IPO	Sahana System IPO
QIB (times)	3.76x	9.70x
NII (times)	2.76x	7.07x
Big NII (times)
Small NII (times)
RII (times)	0.60x	12.97x
Employee (times)
Other (times)
Total (times)	1.16x	9.99x

Compare with others

Cosmic CRF IPO	Sahana System IPO
Essen Speciality Films IPO	Bizotic Commercial IPO
Vilin Bio Med IPO	Urban Enviro Waste Management IPO
Cell Point (India) IPO	Cosmic CRF IPO
Bizotic Commercial IPO	Sonalis Consumer Products IPO
Urban Enviro Waste Management IPO	Kore Digital IPO
Sonalis Consumer Products IPO	CFF Fluid Control IPO
Kore Digital IPO	Comrade Appliances IPO
Sahana System IPO	Infollion Research Services IPO
CFF Fluid Control IPO	Proventus Agrocom IPO
Comrade Appliances IPO	Hemant Surgical Industries IPO

Comments

Add a public comment...