Prospect Commodities IPO vs Sudarshan Pharma Industries IPO

Comparision between Prospect Commodities IPO and Sudarshan Pharma Industries IPO.

IPO Details

Prospect Commodities IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sudarshan Pharma Industries IPO is a SME Book Built Issue proposed to list at BSE SME.

	Prospect Commodities IPO	Sudarshan Pharma Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Beeline Broking Ltd.	Gretex Share Broking 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 Prospect Commodities IPO is up to ₹7.48 Cr whereas the issue size of the Sudarshan Pharma Industries IPO is up to ₹50.10 Cr. The final issue price of Prospect Commodities IPO is ₹61.00 per share and of Sudarshan Pharma Industries IPO is ₹73.00 per share.

	Prospect Commodities IPO	Sudarshan Pharma Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹71.00 per share
Issue Price (Upper)		₹73.00 per share
Issue Price (Final)	₹61.00 per share	₹73.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	12,26,000 shares	68,62,400 shares
Fresh Issue Size (Amount)	up to ₹7.48 Cr	up to ₹50.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,26,000 shares	68,62,400 shares
Issue Size Total (Amount)	up to ₹7.48 Cr	up to ₹50.10 Cr

IPO Timetable

Prospect Commodities IPO opens on Mar 08, 2023, while Sudarshan Pharma Industries IPO opens on Mar 09, 2023. The closing date of Prospect Commodities IPO and Sudarshan Pharma Industries IPO is Mar 13, 2023, and Mar 14, 2023, respectively.

	Prospect Commodities IPO	Sudarshan Pharma Industries IPO
Anchor Bid Date		Mar 08, 2023
Issue Open	Mar 08, 2023	Mar 09, 2023
Issue Close	Mar 13, 2023	Mar 14, 2023
Basis Of Allotment (Tentative)	Mar 16, 2023	Mar 17, 2023
Initiation of Refunds (Tentative)	Mar 17, 2023	Mar 20, 2023
Credit of Share (Tentative)	Mar 20, 2023	Mar 21, 2023
Listing date (Tentative)	Mar 20, 2023	Mar 22, 2023
Anchor Lockin End date 1	Apr 15, 2023	Apr 16, 2023
Anchor Lockin End date 2	Jun 14, 2023	Jun 15, 2023

Financials

Prospect Commodities IPO P/E ratio is 31.44, as compared to Sudarshan Pharma Industries IPO P/E ratio of 24.33.

Prospect Commodities IPO

Sudarshan Pharma Industries IPO

Financial

Prospect Commodities Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1.05	0.00	-0.15	0.85	-0.15	0.05
30-Nov-22	977.07	839.98	52.85	293.70	52.70	363.57
Amount in ₹ Lakhs

Sudarshan Pharma Industries Ltd Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	9,926.02	19,372.82	267.12	2,250.74	1,296.05	2,977.09
31-Mar-22	13,752.18	35,755.89	530.37	2,977.53	2,002.63	3,059.24
30-Sep-22	16,402.22	19,589.87	360.70	5,108.79	3,996.89	4,940.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.44%

80.28%

Promoter Shareholding (Post-Issue)

61.94%

P/E Ratio

31.44

24.33

Market Cap

₹24.95 Cr.

₹175.68 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Prospect Commodities IPO retail investors (RII) are offered 5,82,000 shares while in Sudarshan Pharma Industries IPO retail investors are offered 5,82,000 shares. Qualified institutional buyers (QIB) are offered in Prospect Commodities IPO and 5,21,600 shares in Sudarshan Pharma Industries IPO.

	Prospect Commodities IPO	Sudarshan Pharma Industries IPO
Anchor Investor Reserveration		7,80,800 shares
Market Maker Reserveration	62,000 shares	3,44,000 shares
QIB		5,21,600 shares
NII	5,82,000 shares	19,08,800 shares
RII	5,82,000 shares	36,51,200 shares
Employee
Others
Total	11,64,000 shares	60,81,600 shares

Bids Received (Subscription)

Prospect Commodities IPO subscribed 5.31x in total, whereas Sudarshan Pharma Industries IPO subscribed 1.06x.

	Prospect Commodities IPO	Sudarshan Pharma Industries IPO
QIB (times)		1.01x
NII (times)	6.85x	0.81x
Big NII (times)
Small NII (times)
RII (times)	3.76x	1.20x
Employee (times)
Other (times)
Total (times)	5.31x	1.06x

Compare with others

Prospect Commodities IPO	Sudarshan Pharma Industries IPO
Dev Labtech Venture IPO	Labelkraft Technologies IPO
Nirman Agri Genetics IPO	VELS Film International IPO
Labelkraft Technologies IPO	Bright Outdoor Media IPO
VELS Film International IPO	Prospect Commodities IPO
Bright Outdoor Media IPO	Quality Foils (India) IPO
Quality Foils (India) IPO	Vertexplus Technologies IPO
Sudarshan Pharma Industries IPO	MCON Rasayan IPO
Vertexplus Technologies IPO	Systango Technologies IPO
MCON Rasayan IPO	Amanaya Ventures IPO
Systango Technologies IPO	ResGen IPO

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