Divgi TorqTransfer Systems IPO vs Sah Polymers IPO

Comparision between Divgi TorqTransfer Systems IPO and Sah Polymers IPO.

IPO Details

Divgi TorqTransfer Systems 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.

	Divgi TorqTransfer Systems 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	Inga Ventures Pvt Ltd Equirus Capital Private Limited	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 Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of Sah Polymers IPO is ₹65.00 per share.

	Divgi TorqTransfer Systems IPO	Sah Polymers IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹560.00 per share	₹61.00 per share
Issue Price (Upper)	₹590.00 per share	₹65.00 per share
Issue Price (Final)	₹590.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	230 shares
Fresh Issue Size		1,02,00,000 shares
Fresh Issue Size (Amount)	up to ₹180.00 Cr	up to ₹66.30 Cr
OFS Issue Size	39,34,243 shares
OFS Issue Size (Amount)	up to ₹232.12 Cr
Issue Size Total		1,02,00,000 shares
Issue Size Total (Amount)	up to ₹412.12 Cr	up to ₹66.30 Cr

IPO Timetable

Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Divgi TorqTransfer Systems IPO and Sah Polymers IPO is Mar 03, 2023, and Jan 04, 2023, respectively.

	Divgi TorqTransfer Systems IPO	Sah Polymers IPO
Anchor Bid Date	Feb 28, 2023	Dec 29, 2022
Issue Open	Mar 01, 2023	Dec 30, 2022
Issue Close	Mar 03, 2023	Jan 04, 2023
Basis Of Allotment (Tentative)	Mar 09, 2023	Jan 09, 2023
Initiation of Refunds (Tentative)	Mar 10, 2023	Jan 10, 2023
Credit of Share (Tentative)	Mar 13, 2023	Jan 11, 2023
Listing date (Tentative)	Mar 14, 2023	Jan 12, 2023
Anchor Lockin End date 1	Apr 08, 2023	Feb 08, 2023
Anchor Lockin End date 2	Jun 07, 2023	Apr 09, 2023

Financials

Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to Sah Polymers IPO P/E ratio of 33.51.

Divgi TorqTransfer Systems IPO

Sah Polymers IPO

Financial

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	303.70	170.74	28.04	209.53	203.51	50.41
31-Mar-21	362.88	195.03	38.04	295.88	288.99	0.26
31-Mar-22	405.37	241.87	46.15	340.02	326.25	0.12
30-Sep-22	430.21	137.55	25.66	356.20	342.44	0.50
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)

67.18%

100%

Promoter Shareholding (Post-Issue)

60.46%

P/E Ratio

35.16

33.51

Market Cap

₹1804.39 Cr.

₹167.67 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Divgi TorqTransfer Systems IPO retail investors (RII) are offered 6,98,509 shares while in Sah Polymers IPO retail investors are offered 6,98,509 shares. Qualified institutional buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 30,60,000 shares in Sah Polymers IPO.

	Divgi TorqTransfer Systems IPO	Sah Polymers IPO
Anchor Investor Reserveration	31,43,290 shares	45,90,000 shares
Market Maker Reserveration
QIB	20,95,528 shares	30,60,000 shares
NII	10,47,763 shares	15,30,000 shares
RII	6,98,509 shares	10,20,000 shares
Employee	0 shares	0 shares
Others
Total	38,41,800 shares	56,10,000 shares

Bids Received (Subscription)

Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas Sah Polymers IPO subscribed 17.46x.

	Divgi TorqTransfer Systems IPO	Sah Polymers IPO
QIB (times)	7.83x	2.40x
NII (times)	1.40x	32.69x
Big NII (times)	0.89x	33.94x
Small NII (times)	2.41x	30.20x
RII (times)	4.31x	39.78x
Employee (times)
Other (times)
Total (times)	5.44x	17.46x

Compare with others

Divgi TorqTransfer Systems IPO	Sah Polymers IPO
Nexus Select Trust REIT	Divgi TorqTransfer Systems IPO
Mankind Pharma IPO	Signatureglobal India IPO
Avalon Technologies IPO	Radiant Cash Management IPO
Udayshivakumar Infra IPO	KFin Technologies IPO
Global Surfaces IPO	Abans Holdings IPO
Signatureglobal India IPO	Elin Electronics IPO
Radiant Cash Management IPO	Sula Vineyards IPO
KFin Technologies IPO	Dharmaj Crop Guard IPO
Abans Holdings IPO	Landmark Cars IPO
Sah Polymers IPO	Keystone Realtors IPO

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