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Newjaisa Technologies IPO vs Sunita Tools IPO

Comparison between Newjaisa Technologies IPO and Sunita Tools IPO.

IPO Details

Newjaisa Technologies IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.

 Newjaisa Technologies IPOSunita Tools IPO
LogoNewjaisa Technologies IPO LogoSunita Tools IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersIndorient Financial Services Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNikunj Stock Brokers Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Newjaisa Technologies IPO is up to ₹37.93 Cr whereas the issue size of the Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Sunita Tools IPO is ₹145.00 per share.

 Newjaisa Technologies IPOSunita Tools IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹44.00 per share
Issue Price (Upper)₹47.00 per share
Issue Price (Final)₹47.00 per share₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares1000 shares
Fresh Issue Size80,70,000 shares12,42,000 shares
Fresh Issue Size (Amount)up to ₹37.93 Crup to ₹18.01 Cr
OFS Issue Size0 shares2,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.90 Cr
Issue Size Total80,70,000 shares14,42,000 shares
Issue Size Total (Amount)up to ₹37.93 Crup to ₹20.91 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Newjaisa Technologies IPO and Sunita Tools IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

 Newjaisa Technologies IPOSunita Tools IPO
Anchor Bid DateSep 22, 2023
Issue OpenSep 25, 2023Sep 26, 2023
Issue CloseSep 27, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Oct 04, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Oct 05, 2023Oct 05, 2023
Credit of Share (Tentative)Oct 06, 2023Oct 06, 2023
Listing date (Tentative)Oct 05, 2023Oct 11, 2023
Anchor Lockin End date 1Nov 03, 2023
Anchor Lockin End date 2Jan 02, 2024

Financials & KPIs

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Sunita Tools IPO P/E ratio of 16.88.

 Newjaisa Technologies IPOSunita Tools IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets22.095.593.38
Total Income44.5327.939.61
Profit After Tax6.761.800.73
NET Worth9.302.550.74
Reserves and Surplus8.942.190.73
Total Borrowing7.441.821.63
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets25.3814.2313.52
Total Income14.178.896.92
Profit After Tax3.380.810.27
NET Worth3.21-2.67-3.48
Reserves and Surplus-1.10-4.48-5.29
Total Borrowing16.6012.4913.35
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.23%100%
Promoter Shareholding (Post-Issue)69.35%72.98%
P/E Ratio15.5116.88
Market Cap₹151.26 Cr.₹81.56 Cr.
ROE72.631259
ROCE72.6336.76
Debt/Equity5.17
EPS₹3.03₹13.96
RoNW72.63105.31

Shares Offered

In the Newjaisa Technologies IPO Retail Individual Investors (RII) are offered 28,26,000 shares while in Sunita Tools IPO retail investors are offered 28,26,000 shares. Qualified Institutional Buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and 0 shares in Sunita Tools IPO.

 Newjaisa Technologies IPOSunita Tools IPO
Anchor Investor Reservation24,18,000 shares0 shares
Market Maker Reservation4,26,000 shares78,000 shares
QIB16,14,000 shares0 shares
NII12,12,000 shares7,21,000 shares
RII28,26,000 shares7,21,000 shares
Employee0 shares
Total80,70,000 shares14,42,000 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 4.80x in total, whereas Sunita Tools IPO subscribed 13.19x.

 Newjaisa Technologies IPOSunita Tools IPO
QIB (times)1.02x
NII (times)15.34x5.27x
RII (times)6.54x21.10x
Total (times)4.80x13.19x

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Newjaisa Technologies IPO Vs Sunita Tools IPO