Organic Recycling Systems IPO vs Saakshi Medtech and Panels IPO

Comparision between Organic Recycling Systems IPO and Saakshi Medtech and Panels IPO.

IPO Details

Organic Recycling Systems IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

	Organic Recycling Systems IPO	Saakshi Medtech and Panels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Arihant Capital Markets Ltd	Hem Securities Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Arihant Capital Markets Limited	Hem Finlease Private 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 Organic Recycling Systems IPO is up to ₹50.00 Cr whereas the issue size of the Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

	Organic Recycling Systems IPO	Saakshi Medtech and Panels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹92.00 per share
Issue Price (Upper)		₹97.00 per share
Issue Price (Final)	₹200.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1200 shares
Fresh Issue Size	25,00,200 shares	46,56,000 shares
Fresh Issue Size (Amount)	up to ₹50.00 Cr	up to ₹45.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,00,200 shares	46,56,000 shares
Issue Size Total (Amount)	up to ₹50.00 Cr	up to ₹45.16 Cr

IPO Timetable

Organic Recycling Systems IPO opens on Sep 21, 2023, while Saakshi Medtech and Panels IPO opens on Sep 25, 2023. The closing date of Organic Recycling Systems IPO and Saakshi Medtech and Panels IPO is Sep 26, 2023, and Sep 27, 2023, respectively.

	Organic Recycling Systems IPO	Saakshi Medtech and Panels IPO
Anchor Bid Date		Sep 22, 2023
Issue Open	Sep 21, 2023	Sep 25, 2023
Issue Close	Sep 26, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Sep 29, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 03, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 04, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 06, 2023	Oct 03, 2023
Anchor Lockin End date 1	Oct 29, 2023	Nov 02, 2023
Anchor Lockin End date 2	Dec 28, 2023	Jan 01, 2024

Financials

Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Saakshi Medtech and Panels IPO P/E ratio of 10.18.

Organic Recycling Systems IPO

Saakshi Medtech and Panels IPO

Financial

Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	10,272.69	10,669.35	11,931.10
Revenue	1,578.18	1,756.67	2,534.10
Profit After Tax	-449.37	-535.03	365.38
Net Worth	1,343.88	808.86	2,550.07
Reserves and Surplus	1,298.11	763.08	2,014.40
Total Borrowing	5,449.89	5,418.38	6,981.41

Amount in ₹ Lakhs

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Revenue	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

30.14%

100.00%

Promoter Shareholding (Post-Issue)

20.35%

73.63%

P/E Ratio

25.54

10.18

Market Cap

₹153.99 Cr.

₹171.26 Cr.

ROE

21.76%%

34.35%%

ROCE

13.06%%

28.57%%

Debt/Equity

2.7

0.48

EPS

₹7.83

₹9.53

RoNW

14.33%%

29.32%%

Shares Offered

In the Organic Recycling Systems IPO retail investors (RII) are offered 11,85,000 shares while in Saakshi Medtech and Panels IPO retail investors are offered 11,85,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Organic Recycling Systems IPO and 8,84,400 shares in Saakshi Medtech and Panels IPO.

	Organic Recycling Systems IPO	Saakshi Medtech and Panels IPO
Anchor Investor Reserveration		13,24,800 shares
Market Maker Reserveration	1,30,200 shares	2,35,200 shares
QIB	0 shares	8,84,400 shares
NII	11,85,000 shares	6,63,600 shares
RII	11,85,000 shares	15,48,000 shares
Employee	0 shares	0 shares
Others
Total	23,70,000 shares	30,96,000 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

	Organic Recycling Systems IPO	Saakshi Medtech and Panels IPO
QIB (times)		37.35x
NII (times)	4.28x	200.78x
Big NII (times)
Small NII (times)
RII (times)	2.21x	75.88x
Employee (times)
Other (times)
Total (times)	3.24x	91.65x

Compare with others

Organic Recycling Systems IPO	Saakshi Medtech and Panels IPO
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Newjaisa Technologies IPO	Arabian Petroleum IPO
Inspire Films IPO	Newjaisa Technologies IPO
Goyal Salt IPO	Inspire Films IPO
Saakshi Medtech and Panels IPO	Goyal Salt IPO
Sunita Tools IPO	Organic Recycling Systems IPO
Marco Cables & Conductors IPO	Sunita Tools IPO
Mangalam Alloys IPO	Marco Cables & Conductors IPO
Master Components IPO	Mangalam Alloys IPO
Techknowgreen Solutions IPO	Master Components IPO

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