Keystone Realtors IPO vs Sah Polymers IPO

Comparision between Keystone Realtors IPO and Sah Polymers IPO.

IPO Details

Keystone Realtors 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.

	Keystone Realtors 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	Axis Capital Limited Credit Suisse Securities (India) 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 Keystone Realtors IPO is up to ₹635.00 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Keystone Realtors IPO is ₹541.00 per share and of Sah Polymers IPO is ₹65.00 per share.

	Keystone Realtors IPO	Sah Polymers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹514.00 per share	₹61.00 per share
Issue Price (Upper)	₹541.00 per share	₹65.00 per share
Issue Price (Final)	₹541.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	27 shares	230 shares
Fresh Issue Size	1,03,51,201 shares	1,02,00,000 shares
Fresh Issue Size (Amount)	up to ₹560.00 Cr	up to ₹66.30 Cr
OFS Issue Size	13,86,322 shares
OFS Issue Size (Amount)	up to ₹75.00 Cr
Issue Size Total	1,17,37,523 shares	1,02,00,000 shares
Issue Size Total (Amount)	up to ₹635.00 Cr	up to ₹66.30 Cr

IPO Timetable

Keystone Realtors IPO opens on Nov 14, 2022, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Keystone Realtors IPO and Sah Polymers IPO is Nov 16, 2022, and Jan 04, 2023, respectively.

	Keystone Realtors IPO	Sah Polymers IPO
Anchor Bid Date		Dec 29, 2022
Issue Open	Nov 14, 2022	Dec 30, 2022
Issue Close	Nov 16, 2022	Jan 04, 2023
Basis Of Allotment (Tentative)	Nov 21, 2022	Jan 09, 2023
Initiation of Refunds (Tentative)	Nov 22, 2022	Jan 10, 2023
Credit of Share (Tentative)	Nov 23, 2022	Jan 11, 2023
Listing date (Tentative)	Nov 24, 2022	Jan 12, 2023
Anchor Lockin End date 1	Dec 21, 2022	Feb 08, 2023
Anchor Lockin End date 2	Feb 19, 2023	Apr 09, 2023

Financials

Keystone Realtors IPO P/E ratio is 365.54, as compared to Sah Polymers IPO P/E ratio of 33.51.

Keystone Realtors IPO

Sah Polymers IPO

Financial

Keystone Realtors Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	4153.07	2142.65	137.74	1372.4
31-Mar-20	4415.31	1268.6	14.49	1220.26
31-Mar-21	3654.1	1177.27	231.82	2513.9
30-Jun-21	3676.24	91.4	-0.97	1145.56
31-Mar-22	3876.84	1302.97	135.83	1557.96
30-Jun-22	3910.15	176	4.22	1468.83
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)

96.71%

100%

Promoter Shareholding (Post-Issue)

87.92%

60.46%

P/E Ratio

365.54

33.51

Market Cap

₹6160.77 Cr.

₹167.67 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Keystone Realtors IPO retail investors (RII) are offered 43,23,929 shares while in Sah Polymers IPO retail investors are offered 43,23,929 shares. Qualified institutional buyers (QIB) are offered 24,70,816 shares in Keystone Realtors IPO and 30,60,000 shares in Sah Polymers IPO.

	Keystone Realtors IPO	Sah Polymers IPO
Anchor Investor Reserveration		45,90,000 shares
Market Maker Reserveration
QIB	24,70,816 shares	30,60,000 shares
NII	18,53,113 shares	15,30,000 shares
RII	43,23,929 shares	10,20,000 shares
Employee	0 shares	0 shares
Others
Total	86,47,858 shares	56,10,000 shares

Bids Received (Subscription)

Keystone Realtors IPO subscribed 2.01x in total, whereas Sah Polymers IPO subscribed 17.46x.

	Keystone Realtors IPO	Sah Polymers IPO
QIB (times)	3.84x	2.40x
NII (times)	3.03x	32.69x
Big NII (times)	3.78x	33.94x
Small NII (times)	1.53x	30.20x
RII (times)	0.53x	39.78x
Employee (times)
Other (times)
Total (times)	2.01x	17.46x

Compare with others

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

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