Dharmaj Crop Guard IPO vs Sah Polymers IPO

Comparision between Dharmaj Crop Guard IPO and Sah Polymers IPO.

IPO Details

Dharmaj Crop Guard IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sah Polymers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Dharmaj Crop Guard IPO	Sah Polymers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Elara Capital (India) Private Limited Monarch Networth Capital Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Dharmaj Crop Guard IPO is up to ₹251.15 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Dharmaj Crop Guard IPO is ₹237.00 per share and of Sah Polymers IPO is ₹65.00 per share.

	Dharmaj Crop Guard IPO	Sah Polymers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹216.00 per share	₹61.00 per share
Issue Price (Upper)	₹237.00 per share	₹65.00 per share
Issue Price (Final)	₹237.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	230 shares
Fresh Issue Size	91,13,924 shares	1,02,00,000 shares
Fresh Issue Size (Amount)	up to ₹216.00 Cr	up to ₹66.30 Cr
OFS Issue Size	14,83,000 shares
OFS Issue Size (Amount)	up to ₹35.15 Cr
Issue Size Total	1,05,96,924 shares	1,02,00,000 shares
Issue Size Total (Amount)	up to ₹251.15 Cr	up to ₹66.30 Cr

IPO Timetable

Dharmaj Crop Guard IPO opens on Nov 28, 2022, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Dharmaj Crop Guard IPO and Sah Polymers IPO is Nov 30, 2022, and Jan 04, 2023, respectively.

	Dharmaj Crop Guard IPO	Sah Polymers IPO
Anchor Bid Date		Dec 29, 2022
Issue Open	Nov 28, 2022	Dec 30, 2022
Issue Close	Nov 30, 2022	Jan 04, 2023
Basis Of Allotment (Tentative)	Dec 05, 2022	Jan 09, 2023
Initiation of Refunds (Tentative)	Dec 06, 2022	Jan 10, 2023
Credit of Share (Tentative)	Dec 06, 2022	Jan 11, 2023
Listing date (Tentative)	Dec 08, 2022	Jan 12, 2023
Anchor Lockin End date 1	Jan 04, 2023	Feb 08, 2023
Anchor Lockin End date 2	Mar 05, 2023	Apr 09, 2023

Financials

Dharmaj Crop Guard IPO P/E ratio is 14.55, as compared to Sah Polymers IPO P/E ratio of 33.51.

Dharmaj Crop Guard IPO

Sah Polymers IPO

Financial

Dharmaj Crop Guard Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	47.66	139.95	5.02	10.46	20.35
31-Mar-20	92.58	199.16	10.76	35.22	20.18
31-Mar-21	128.87	303.56	20.96	56.14	26.92
31-Mar-22	219.54	396.29	28.69	82.82	36.93
31-Jul-22	305.76	221.17	18.36	101.17	51.56
Amount in ₹ Crore

Sah Polymers Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	35.93	49.91	0.3	18.81	10.37
31-Mar-21	40.58	55.34	1.27	20.09	13.79
31-Mar-22	68.67	81.23	4.38	26.65	30.54
30-Jun-22	75.35	27.59	1.25	27.74	33.15
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

68.64%

60.46%

P/E Ratio

14.55

33.51

Market Cap

₹801.00 Cr.

₹167.67 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dharmaj Crop Guard IPO retail investors (RII) are offered 39,99,800 shares while in Sah Polymers IPO retail investors are offered 39,99,800 shares. Qualified institutional buyers (QIB) are offered 22,43,990 shares in Dharmaj Crop Guard IPO and 30,60,000 shares in Sah Polymers IPO.

	Dharmaj Crop Guard IPO	Sah Polymers IPO
Anchor Investor Reserveration		45,90,000 shares
Market Maker Reserveration
QIB	22,43,990 shares	30,60,000 shares
NII	17,14,200 shares	15,30,000 shares
RII	39,99,800 shares	10,20,000 shares
Employee	55,000 shares	0 shares
Others
Total	80,12,990 shares	56,10,000 shares

Bids Received (Subscription)

Dharmaj Crop Guard IPO subscribed 35.49x in total, whereas Sah Polymers IPO subscribed 17.46x.

	Dharmaj Crop Guard IPO	Sah Polymers IPO
QIB (times)	48.21x	2.40x
NII (times)	52.29x	32.69x
Big NII (times)	52.97x	33.94x
Small NII (times)	50.93x	30.20x
RII (times)	21.53x	39.78x
Employee (times)	7.48x
Other (times)
Total (times)	35.49x	17.46x

Compare with others

Dharmaj Crop Guard IPO	Sah Polymers IPO
KFin Technologies IPO	Divgi TorqTransfer Systems IPO
Abans Holdings IPO	Signatureglobal India IPO
Sah Polymers IPO	Radiant Cash Management IPO
Elin Electronics IPO	KFin Technologies IPO
Sula Vineyards IPO	Abans Holdings IPO
Landmark Cars IPO	Elin Electronics IPO
Keystone Realtors IPO	Sula Vineyards IPO
Inox Green Energy IPO	Dharmaj Crop Guard IPO
Archean Chemical IPO	Landmark Cars IPO
Bikaji Foods IPO	Keystone Realtors IPO

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