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Plaza Wires IPO vs Saraswati Saree Depot IPO

Comparision between Plaza Wires IPO and Saraswati Saree Depot IPO.

IPO Details

Plaza Wires IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Saraswati Saree Depot IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Plaza Wires IPO Saraswati Saree Depot IPO
Logo Plaza Wires IPO Logo Saraswati Saree Depot 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 Pantomath Capital Advisors Pvt Ltd Unistone Capital Pvt Ltd
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Market Maker
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 Plaza Wires IPO is up to ₹71.28 Cr whereas the issue size of the Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Plaza Wires IPO is ₹54.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

  Plaza Wires IPO Saraswati Saree Depot IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹51.00 per share ₹152.00 per share
Issue Price (Upper) ₹54.00 per share ₹160.00 per share
Issue Price (Final) ₹54.00 per share ₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 277 shares 90 shares
Fresh Issue Size 1,32,00,158 shares 64,99,800 shares
Fresh Issue Size (Amount) up to ₹71.28 Cr up to ₹104.00 Cr
OFS Issue Size 35,01,000 shares
OFS Issue Size (Amount) up to ₹56.02 Cr
Issue Size Total 1,32,00,158 shares 1,00,00,800 shares
Issue Size Total (Amount) up to ₹71.28 Cr up to ₹160.01 Cr

IPO Timetable

Plaza Wires IPO opens on Sep 29, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Plaza Wires IPO and Saraswati Saree Depot IPO is Oct 05, 2023, and Aug 14, 2024, respectively.

  Plaza Wires IPO Saraswati Saree Depot IPO
Anchor Bid Date Sep 27, 2023 Aug 09, 2024
Issue Open Sep 29, 2023 Aug 12, 2024
Issue Close Oct 05, 2023 Aug 14, 2024
Basis Of Allotment (Tentative) Oct 09, 2023 Aug 16, 2024
Initiation of Refunds (Tentative) Oct 11, 2023 Aug 19, 2024
Credit of Share (Tentative) Oct 12, 2023 Aug 19, 2024
Listing date (Tentative) Oct 12, 2023 Aug 20, 2024
Anchor Lockin End date 1 Nov 08, 2023 Sep 15, 2024
Anchor Lockin End date 2 Jan 07, 2024 Nov 14, 2024

Financials

Plaza Wires IPO P/E ratio is 21.95, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

  Plaza Wires IPO Saraswati Saree Depot IPO
Financial

Plaza Wires Limited Financial Information (Restated)

Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets112.10104.1799.28
Revenue182.60176.94145.60
Profit After Tax7.515.954.24
Net Worth53.0845.5239.48
Reserves and Surplus22.5314.9635.66
Total Borrowing39.6840.0943.30
Amount in ₹ Crore

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets205.94188.85169.93
Revenue612.58603.52550.31
Profit After Tax29.5322.9712.31
Net Worth64.9135.3812.41
Total Borrowing43.4941.4366.62
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100% 100%
Promoter Shareholding (Post-Issue) 69.83% 74.75%
P/E Ratio 21.95 17.94
Market Cap ₹236.26 Cr. ₹633.60 Cr.
ROE 14.15%% 58.88%
ROCE 15.57%% 64.46%
Debt/Equity 0.75 0.67
EPS ₹2.46 ₹8.92
RoNW 14.16%% 45.49%

Shares Offered

In the Plaza Wires IPO retail investors (RII) are offered 13,20,015 shares while in Saraswati Saree Depot IPO retail investors are offered 13,20,015 shares. Qualified institutional buyers (QIB) are offered 61,96,076 shares in Plaza Wires IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

  Plaza Wires IPO Saraswati Saree Depot IPO
Anchor Investor Reserveration 37,04,044 shares
Market Maker Reserveration
QIB 61,96,076 shares 50,00,400 shares
NII 19,80,023 shares 15,00,120 shares
RII 13,20,015 shares 35,00,280 shares
Employee 0 shares 0 shares
Others
Total 94,96,114 shares 1,00,00,800 shares

Bids Received (Subscription)

Plaza Wires IPO subscribed 160.97x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

  Plaza Wires IPO Saraswati Saree Depot IPO
QIB (times) 42.84x 64.12x
NII (times) 388.09x 358.47x
Big NII (times) 360.92x 389.28x
Small NII (times) 442.42x 296.85x
RII (times) 374.81x 61.59x
Employee (times)
Other (times)
Total (times) 160.97x 107.39x

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