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Protean eGov Technologies IPO vs Saraswati Saree Depot IPO

Comparision between Protean eGov Technologies IPO and Saraswati Saree Depot IPO.

IPO Details

Protean eGov Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE while Saraswati Saree Depot IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Protean eGov Technologies IPO is up to ₹490.33 Cr whereas the issue size of the Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Protean eGov Technologies IPO is ₹792.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

  Protean eGov Technologies IPO Saraswati Saree Depot IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹752.00 per share ₹152.00 per share
Issue Price (Upper) ₹792.00 per share ₹160.00 per share
Issue Price (Final) ₹792.00 per share ₹160.00 per share
Discount (Retail)
Discount (Employee) ₹75.00 per share
Market Lot Size 18 shares 90 shares
Fresh Issue Size 64,99,800 shares
Fresh Issue Size (Amount) up to ₹104.00 Cr
OFS Issue Size 61,91,000 shares 35,01,000 shares
OFS Issue Size (Amount) up to ₹490.33 Cr up to ₹56.02 Cr
Issue Size Total 61,91,000 shares 1,00,00,800 shares
Issue Size Total (Amount) up to ₹490.33 Cr up to ₹160.01 Cr

IPO Timetable

Protean eGov Technologies IPO opens on Nov 06, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Protean eGov Technologies IPO and Saraswati Saree Depot IPO is Nov 08, 2023, and Aug 14, 2024, respectively.

  Protean eGov Technologies IPO Saraswati Saree Depot IPO
Anchor Bid Date Nov 03, 2023 Aug 09, 2024
Issue Open Nov 06, 2023 Aug 12, 2024
Issue Close Nov 08, 2023 Aug 14, 2024
Basis Of Allotment (Tentative) Nov 13, 2023 Aug 16, 2024
Initiation of Refunds (Tentative) Nov 15, 2023 Aug 19, 2024
Credit of Share (Tentative) Nov 16, 2023 Aug 19, 2024
Listing date (Tentative) Nov 13, 2023 Aug 20, 2024
Anchor Lockin End date 1 Dec 13, 2023 Sep 15, 2024
Anchor Lockin End date 2 Feb 11, 2024 Nov 14, 2024

Financials

Protean eGov Technologies IPO P/E ratio is 29.91, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

  Protean eGov Technologies IPO Saraswati Saree Depot IPO
Financial

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,133.861,104.10988.14862.39
Revenue233.17783.87770.18652.03
Profit After Tax32.21107.04143.9492.19
Net Worth888.10856.94788.00667.46
Reserves and Surplus847.48816.33747.43627.14
Total Borrowing
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%
Promoter Shareholding (Post-Issue) 74.75%
P/E Ratio 29.91 17.94
Market Cap ₹3203.38 Cr. ₹633.60 Cr.
ROE 12.49%% 58.88%
ROCE 16.13%% 64.46%
Debt/Equity 0.67
EPS ₹26.48 ₹8.92
RoNW 12.49%% 45.49%

Shares Offered

In the Protean eGov Technologies IPO retail investors (RII) are offered 21,14,350 shares while in Saraswati Saree Depot IPO retail investors are offered 21,14,350 shares. Qualified institutional buyers (QIB) are offered 12,08,200 shares in Protean eGov Technologies IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

  Protean eGov Technologies IPO Saraswati Saree Depot IPO
Anchor Investor Reserveration 18,12,300 shares
Market Maker Reserveration
QIB 12,08,200 shares 50,00,400 shares
NII 9,06,150 shares 15,00,120 shares
RII 21,14,350 shares 35,00,280 shares
Employee 1,50,000 shares 0 shares
Others
Total 43,78,700 shares 1,00,00,800 shares

Bids Received (Subscription)

Protean eGov Technologies IPO subscribed 23.86x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

  Protean eGov Technologies IPO Saraswati Saree Depot IPO
QIB (times) 46.94x 64.12x
NII (times) 31.62x 358.47x
Big NII (times) 33.14x 389.28x
Small NII (times) 28.58x 296.85x
RII (times) 8.93x 61.59x
Employee (times) 1.49x
Other (times)
Total (times) 23.86x 107.39x

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