Hemant Surgical Industries IPO vs Sahana System IPO

Comparision between Hemant Surgical Industries IPO and Sahana System IPO.

IPO Details

Hemant Surgical Industries 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.

	Hemant Surgical Industries 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	Hem Securities Limited	Unistone Capital Pvt Ltd Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Hem Finlease Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Hemant Surgical Industries IPO is up to ₹24.84 Cr whereas the issue size of the Sahana System IPO is up to ₹32.74 Cr. The final issue price of Hemant Surgical Industries IPO is ₹90.00 per share and of Sahana System IPO is ₹135.00 per share.

	Hemant Surgical Industries IPO	Sahana System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹85.00 per share	₹132.00 per share
Issue Price (Upper)	₹90.00 per share	₹135.00 per share
Issue Price (Final)	₹90.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	27,60,000 shares	24,25,000 shares
Fresh Issue Size (Amount)	up to ₹24.84 Cr	up to ₹32.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,60,000 shares	24,25,000 shares
Issue Size Total (Amount)	up to ₹24.84 Cr	up to ₹32.74 Cr

IPO Timetable

Hemant Surgical Industries IPO opens on May 24, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Hemant Surgical Industries IPO and Sahana System IPO is May 26, 2023, and Jun 02, 2023, respectively.

	Hemant Surgical Industries IPO	Sahana System IPO
Anchor Bid Date	May 23, 2023
Issue Open	May 24, 2023	May 31, 2023
Issue Close	May 26, 2023	Jun 02, 2023
Basis Of Allotment (Tentative)	May 31, 2023	Jun 07, 2023
Initiation of Refunds (Tentative)	Jun 01, 2023	Jun 08, 2023
Credit of Share (Tentative)	Jun 02, 2023	Jun 09, 2023
Listing date (Tentative)	Jun 05, 2023	Jun 12, 2023
Anchor Lockin End date 1	Jun 30, 2023	Jul 07, 2023
Anchor Lockin End date 2	Aug 29, 2023	Sep 05, 2023

Financials

Hemant Surgical Industries IPO P/E ratio is 12.28, as compared to Sahana System IPO P/E ratio of 16.88.

Hemant Surgical Industries IPO

Sahana System IPO

Financial

Hemant Surgical Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	4,289.84	6,065.19	114.53	836.61	653.38	1,446.35
31-Mar-22	5,437.59	10,577.02	461.40	1,298.01	1,114.78	973.80
31-Mar-23	6,490.79	11,149.68	765.11	2,359.90	1,591.90	711.92
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)

100.00%

90.25%

Promoter Shareholding (Post-Issue)

73.56%

P/E Ratio

12.28

16.88

Market Cap

₹93.96 Cr.

₹107.95 Cr.

ROE

32.42%%

83.52%%

ROCE

37.98%%

61.05%%

Debt/Equity

0.3

0.44

EPS

₹10.26

₹11.48

RoNW

32.42%%

59.24%%

Shares Offered

In the Hemant Surgical Industries IPO retail investors (RII) are offered 9,16,800 shares while in Sahana System IPO retail investors are offered 9,16,800 shares. Qualified institutional buyers (QIB) are offered 5,23,200 shares in Hemant Surgical Industries IPO and 2,30,000 shares in Sahana System IPO.

	Hemant Surgical Industries IPO	Sahana System IPO
Anchor Investor Reserveration	7,82,400 shares
Market Maker Reserveration	1,44,000 shares	1,25,000 shares
QIB	5,23,200 shares	2,30,000 shares
NII	3,93,600 shares	10,35,000 shares
RII	9,16,800 shares	10,35,000 shares
Employee	0 shares	0 shares
Others
Total	18,33,600 shares	23,00,000 shares

Bids Received (Subscription)

Hemant Surgical Industries IPO subscribed 150.59x in total, whereas Sahana System IPO subscribed 9.99x.

	Hemant Surgical Industries IPO	Sahana System IPO
QIB (times)	41.05x	9.70x
NII (times)	277.26x	7.07x
Big NII (times)
Small NII (times)
RII (times)	158.73x	12.97x
Employee (times)
Other (times)
Total (times)	150.59x	9.99x

Compare with others

Hemant Surgical Industries IPO	Sahana System IPO
Sahana System IPO	Bizotic Commercial IPO
CFF Fluid Control IPO	Urban Enviro Waste Management IPO
Comrade Appliances IPO	Cosmic CRF IPO
Infollion Research Services IPO	Sonalis Consumer Products IPO
Proventus Agrocom IPO	Kore Digital IPO
Vasa Denticity IPO	CFF Fluid Control IPO
Spectrum Talent Management IPO	Comrade Appliances IPO
Crayons Advertising IPO	Infollion Research Services IPO
Remus Pharmaceuticals IPO	Proventus Agrocom IPO
Auro Impex & Chemicals IPO	Hemant Surgical Industries IPO

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