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Proventus Agrocom IPO vs Sahana System IPO

Comparision between Proventus Agrocom IPO and Sahana System IPO.

IPO Details

Proventus Agrocom IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sahana System IPO is a SME Book Built Issue proposed to list at NSE SME.

  Proventus Agrocom IPO Sahana System IPO
Logo Proventus Agrocom IPO Logo Sahana System IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Sundae Capital Advisors Unistone Capital Pvt Ltd

Interactive Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Purva Sharegistry India Pvt Ltd
Market Maker Ajcon Global Services Limited Rikhav Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Proventus Agrocom IPO is up to ₹69.54 Cr whereas the issue size of the Sahana System IPO is up to ₹32.74 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Sahana System IPO is ₹135.00 per share.

  Proventus Agrocom IPO Sahana System IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹132.00 per share
Issue Price (Upper) ₹135.00 per share
Issue Price (Final) ₹771.00 per share ₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 160 shares 1000 shares
Fresh Issue Size 6,71,773 shares 24,25,000 shares
Fresh Issue Size (Amount) up to ₹51.79 Cr up to ₹32.74 Cr
OFS Issue Size 2,30,147 shares
OFS Issue Size (Amount) up to ₹17.74 Cr
Issue Size Total 9,01,920 shares 24,25,000 shares
Issue Size Total (Amount) up to ₹69.54 Cr up to ₹32.74 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Proventus Agrocom IPO and Sahana System IPO is May 26, 2023, and Jun 02, 2023, respectively.

  Proventus Agrocom IPO Sahana System IPO
Anchor Bid Date
Issue Open May 24, 2023 May 31, 2023
Issue Close May 26, 2023 Jun 02, 2023
Basis Of Allotment (Tentative) May 31, 2023 Jun 07, 2023
Initiation of Refunds (Tentative) Jun 01, 2023 Jun 08, 2023
Credit of Share (Tentative) Jun 02, 2023 Jun 09, 2023
Listing date (Tentative) Jun 05, 2023 Jun 12, 2023
Anchor Lockin End date 1 Jun 30, 2023 Jul 07, 2023
Anchor Lockin End date 2 Aug 29, 2023 Sep 05, 2023

Financials

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Sahana System IPO P/E ratio of 16.88.

  Proventus Agrocom IPO Sahana System IPO
Financial
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs
Sahana System Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-21772.93331.4716.4417.4416.44723.25
31-Mar-221,498.911,217.39141.18452.06142.53512.59
31-Mar-232,417.822,414.23639.641,079.71522.56477.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 92.29% 90.25%
Promoter Shareholding (Post-Issue) 70.84%
P/E Ratio 186.23 16.88
Market Cap ₹264.27 Cr. ₹107.95 Cr.
ROE 0.04%% 83.52%%
ROCE 0.05%% 61.05%%
Debt/Equity 0.56 0.44
EPS ₹4.14 ₹11.48
RoNW 3.08%% 59.24%%

Shares Offered

In the Proventus Agrocom IPO retail investors (RII) are offered 4,28,450 shares while in Sahana System IPO retail investors are offered 4,28,450 shares. Qualified institutional buyers (QIB) are offered 0 shares in Proventus Agrocom IPO and 2,30,000 shares in Sahana System IPO.

  Proventus Agrocom IPO Sahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration 45,100 shares 1,25,000 shares
QIB 0 shares 2,30,000 shares
NII 4,28,430 shares 10,35,000 shares
RII 4,28,450 shares 10,35,000 shares
Employee 0 shares 0 shares
Others
Total 8,56,880 shares 23,00,000 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Sahana System IPO subscribed 9.99x.

  Proventus Agrocom IPO Sahana System IPO
QIB (times) 9.70x
NII (times) 4.65x 7.07x
Big NII (times)
Small NII (times)
RII (times) 0.74x 12.97x
Employee (times)
Other (times)
Total (times) 2.70x 9.99x

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