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Organic Recycling Systems IPO vs Saakshi Medtech and Panels IPO

Comparision between Organic Recycling Systems IPO and Saakshi Medtech and Panels IPO.

IPO Details

Organic Recycling Systems IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

  Organic Recycling Systems IPO Saakshi Medtech and Panels IPO
Logo Organic Recycling Systems IPO Logo Saakshi Medtech and Panels IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Arihant Capital Markets Ltd Hem Securities Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Arihant Capital Markets Limited Hem Finlease 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 Organic Recycling Systems IPO is up to ₹50.00 Cr whereas the issue size of the Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

  Organic Recycling Systems IPO Saakshi Medtech and Panels IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹92.00 per share
Issue Price (Upper) ₹97.00 per share
Issue Price (Final) ₹200.00 per share ₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 600 shares 1200 shares
Fresh Issue Size 25,00,200 shares 46,56,000 shares
Fresh Issue Size (Amount) up to ₹50.00 Cr up to ₹45.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 25,00,200 shares 46,56,000 shares
Issue Size Total (Amount) up to ₹50.00 Cr up to ₹45.16 Cr

IPO Timetable

Organic Recycling Systems IPO opens on Sep 21, 2023, while Saakshi Medtech and Panels IPO opens on Sep 25, 2023. The closing date of Organic Recycling Systems IPO and Saakshi Medtech and Panels IPO is Sep 26, 2023, and Sep 27, 2023, respectively.

  Organic Recycling Systems IPO Saakshi Medtech and Panels IPO
Anchor Bid Date Sep 22, 2023
Issue Open Sep 21, 2023 Sep 25, 2023
Issue Close Sep 26, 2023 Sep 27, 2023
Basis Of Allotment (Tentative) Sep 29, 2023 Oct 03, 2023
Initiation of Refunds (Tentative) Oct 03, 2023 Oct 04, 2023
Credit of Share (Tentative) Oct 04, 2023 Oct 05, 2023
Listing date (Tentative) Oct 06, 2023 Oct 03, 2023
Anchor Lockin End date 1 Oct 29, 2023 Nov 02, 2023
Anchor Lockin End date 2 Dec 28, 2023 Jan 01, 2024

Financials

Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Saakshi Medtech and Panels IPO P/E ratio of 10.18.

  Organic Recycling Systems IPO Saakshi Medtech and Panels IPO
Financial
Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10,272.6910,669.3511,931.10
Revenue1,578.181,756.672,534.10
Profit After Tax-449.37-535.03365.38
Net Worth1,343.88808.862,550.07
Reserves and Surplus1,298.11763.082,014.40
Total Borrowing5,449.895,418.386,981.41
Amount in ₹ Lakhs
Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets5,591.506,521.919,324.22
Revenue6,022.179,169.3512,220.19
Profit After Tax220.08937.591,238.30
Net Worth2,048.172,985.774,224.07
Reserves and Surplus1,788.172,725.773,964.07
Total Borrowing2,199.441,635.782,007.45
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 30.14% 100.00%
Promoter Shareholding (Post-Issue) 20.35% 73.63%
P/E Ratio 25.54 10.18
Market Cap ₹153.99 Cr. ₹171.26 Cr.
ROE 21.76%% 34.35%%
ROCE 13.06%% 28.57%%
Debt/Equity 2.7 0.48
EPS ₹7.83 ₹9.53
RoNW 14.33%% 29.32%%

Shares Offered

In the Organic Recycling Systems IPO retail investors (RII) are offered 11,85,000 shares while in Saakshi Medtech and Panels IPO retail investors are offered 11,85,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Organic Recycling Systems IPO and 8,84,400 shares in Saakshi Medtech and Panels IPO.

  Organic Recycling Systems IPO Saakshi Medtech and Panels IPO
Anchor Investor Reserveration 13,24,800 shares
Market Maker Reserveration 1,30,200 shares 2,35,200 shares
QIB 0 shares 8,84,400 shares
NII 11,85,000 shares 6,63,600 shares
RII 11,85,000 shares 15,48,000 shares
Employee 0 shares 0 shares
Others
Total 23,70,000 shares 30,96,000 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

  Organic Recycling Systems IPO Saakshi Medtech and Panels IPO
QIB (times) 37.35x
NII (times) 4.28x 200.78x
Big NII (times)
Small NII (times)
RII (times) 2.21x 75.88x
Employee (times)
Other (times)
Total (times) 3.24x 91.65x

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