Radiant Cash Management IPO vs Sah Polymers IPO

Comparision between Radiant Cash Management IPO and Sah Polymers IPO.

IPO Details

Radiant Cash Management IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sah Polymers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Radiant Cash Management IPO	Sah Polymers 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	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited Yes Securities (India) Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Radiant Cash Management IPO is up to ₹256.64 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Radiant Cash Management IPO is ₹94.00 per share and of Sah Polymers IPO is ₹65.00 per share.

	Radiant Cash Management IPO	Sah Polymers IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹94.00 per share	₹61.00 per share
Issue Price (Upper)	₹99.00 per share	₹65.00 per share
Issue Price (Final)	₹94.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	230 shares
Fresh Issue Size	54,54,546 shares	1,02,00,000 shares
Fresh Issue Size (Amount)	up to ₹54.00 Cr	up to ₹66.30 Cr
OFS Issue Size	2,12,22,431 shares
OFS Issue Size (Amount)	up to ₹202.64 Cr
Issue Size Total	2,66,76,977 shares	1,02,00,000 shares
Issue Size Total (Amount)	up to ₹256.64 Cr	up to ₹66.30 Cr

IPO Timetable

Radiant Cash Management IPO opens on Dec 23, 2022, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Radiant Cash Management IPO and Sah Polymers IPO is Dec 27, 2022, and Jan 04, 2023, respectively.

	Radiant Cash Management IPO	Sah Polymers IPO
Anchor Bid Date	Dec 22, 2022	Dec 29, 2022
Issue Open	Dec 23, 2022	Dec 30, 2022
Issue Close	Dec 27, 2022	Jan 04, 2023
Basis Of Allotment (Tentative)	Dec 30, 2022	Jan 09, 2023
Initiation of Refunds (Tentative)	Jan 02, 2023	Jan 10, 2023
Credit of Share (Tentative)	Jan 03, 2023	Jan 11, 2023
Listing date (Tentative)	Jan 04, 2023	Jan 12, 2023
Anchor Lockin End date 1	Jan 29, 2023	Feb 08, 2023
Anchor Lockin End date 2	Mar 30, 2023	Apr 09, 2023

Financials

Radiant Cash Management IPO P/E ratio is 17.34, as compared to Sah Polymers IPO P/E ratio of 33.51.

Radiant Cash Management IPO

Sah Polymers IPO

Financial

Radiant Cash Management Services Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	141.44	223.13	25.02	105.72	17.73
31-Mar-20	157.62	251.78	36.5	119.57	21.13
31-Mar-21	162.14	224.16	32.43	127.1	11.05
31-Mar-22	190.57	286.97	38.21	139.76	26.75
30-Jun-22	203.95	84.38	15.32	155.19	25.54
Amount in ₹ Crore

Sah Polymers Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	35.93	49.91	0.3	18.81	10.37
31-Mar-21	40.58	55.34	1.27	20.09	13.79
31-Mar-22	68.67	81.23	4.38	26.65	30.54
30-Jun-22	75.35	27.59	1.25	27.74	33.15
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.39%

100%

Promoter Shareholding (Post-Issue)

53.21%

60.46%

P/E Ratio

17.34

33.51

Market Cap

₹1062.41 Cr.

₹167.67 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Radiant Cash Management IPO retail investors (RII) are offered 1,37,14,963 shares while in Sah Polymers IPO retail investors are offered 1,37,14,963 shares. Qualified institutional buyers (QIB) are offered 78,37,121 shares in Radiant Cash Management IPO and 30,60,000 shares in Sah Polymers IPO.

	Radiant Cash Management IPO	Sah Polymers IPO
Anchor Investor Reserveration		45,90,000 shares
Market Maker Reserveration
QIB	78,37,121 shares	30,60,000 shares
NII	58,77,841 shares	15,30,000 shares
RII	1,37,14,963 shares	10,20,000 shares
Employee	0 shares	0 shares
Others
Total	2,74,29,925 shares	56,10,000 shares

Bids Received (Subscription)

Radiant Cash Management IPO subscribed 0.53x in total, whereas Sah Polymers IPO subscribed 17.46x.

	Radiant Cash Management IPO	Sah Polymers IPO
QIB (times)	1.01x	2.40x
NII (times)	0.66x	32.69x
Big NII (times)	0.94x	33.94x
Small NII (times)	0.09x	30.20x
RII (times)	0.21x	39.78x
Employee (times)
Other (times)
Total (times)	0.53x	17.46x

Compare with others

Radiant Cash Management IPO	Sah Polymers IPO
Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
Udayshivakumar Infra IPO	Signatureglobal India IPO
Global Surfaces IPO	Radiant Cash Management IPO
Divgi TorqTransfer Systems IPO	KFin Technologies IPO
Signatureglobal India IPO	Abans Holdings IPO
KFin Technologies IPO	Elin Electronics IPO
Abans Holdings IPO	Sula Vineyards IPO
Sah Polymers IPO	Dharmaj Crop Guard IPO
Elin Electronics IPO	Landmark Cars IPO
Sula Vineyards IPO	Keystone Realtors IPO

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