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Rajgor Castor Derivatives IPO vs Saakshi Medtech and Panels IPO

Comparision between Rajgor Castor Derivatives IPO and Saakshi Medtech and Panels IPO.

IPO Details

Rajgor Castor Derivatives IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

  Rajgor Castor Derivatives IPO Saakshi Medtech and Panels IPO
Logo Rajgor Castor Derivatives IPO Logo Saakshi Medtech and Panels IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Hem Securities Limited
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Spread X Securities Private Limited Hem Finlease Private Limited
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 Rajgor Castor Derivatives IPO is up to ₹47.81 Cr whereas the issue size of the Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Rajgor Castor Derivatives IPO is ₹50.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

  Rajgor Castor Derivatives IPO Saakshi Medtech and Panels IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹47.00 per share ₹92.00 per share
Issue Price (Upper) ₹50.00 per share ₹97.00 per share
Issue Price (Final) ₹50.00 per share ₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1200 shares
Fresh Issue Size 88,95,000 shares 46,56,000 shares
Fresh Issue Size (Amount) up to ₹44.48 Cr up to ₹45.16 Cr
OFS Issue Size 6,66,000 shares
OFS Issue Size (Amount) up to ₹3.33 Cr
Issue Size Total 95,61,000 shares 46,56,000 shares
Issue Size Total (Amount) up to ₹47.81 Cr up to ₹45.16 Cr

IPO Timetable

Rajgor Castor Derivatives IPO opens on Oct 17, 2023, while Saakshi Medtech and Panels IPO opens on Sep 25, 2023. The closing date of Rajgor Castor Derivatives IPO and Saakshi Medtech and Panels IPO is Oct 20, 2023, and Sep 27, 2023, respectively.

  Rajgor Castor Derivatives IPO Saakshi Medtech and Panels IPO
Anchor Bid Date Oct 16, 2023 Sep 22, 2023
Issue Open Oct 17, 2023 Sep 25, 2023
Issue Close Oct 20, 2023 Sep 27, 2023
Basis Of Allotment (Tentative) Oct 26, 2023 Oct 03, 2023
Initiation of Refunds (Tentative) Oct 27, 2023 Oct 04, 2023
Credit of Share (Tentative) Oct 30, 2023 Oct 05, 2023
Listing date (Tentative) Oct 31, 2023 Oct 03, 2023
Anchor Lockin End date 1 Nov 25, 2023 Nov 02, 2023
Anchor Lockin End date 2 Jan 24, 2024 Jan 01, 2024

Financials

Rajgor Castor Derivatives IPO P/E ratio is 1.66, as compared to Saakshi Medtech and Panels IPO P/E ratio of 10.18.

  Rajgor Castor Derivatives IPO Saakshi Medtech and Panels IPO
Financial

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets9,847.957,782.643,753.422,578.482,645.34
Revenue11,276.1042,887.354,091.301,100.691,497.33
Profit After Tax192.57554.4752.19-180.18-97.02
Net Worth2,558.242,365.55201.90149.71
Reserves and Surplus2,343.542,150.97190.12137.93318.12
Total Borrowing5,178.964,450.931,809.512,286.28
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) 100% 100.00%
Promoter Shareholding (Post-Issue) 73.63%
P/E Ratio 1.66 10.18
Market Cap ₹119.58 Cr. ₹171.26 Cr.
ROE 43.19%% 34.35%%
ROCE 22.97%% 28.57%%
Debt/Equity 1.88 0.48
EPS ₹30.06 ₹9.53
RoNW 23.44%% 29.32%%

Shares Offered

In the Rajgor Castor Derivatives IPO retail investors (RII) are offered 31,42,000 shares while in Saakshi Medtech and Panels IPO retail investors are offered 31,42,000 shares. Qualified institutional buyers (QIB) are offered 17,22,000 shares in Rajgor Castor Derivatives IPO and 8,84,400 shares in Saakshi Medtech and Panels IPO.

  Rajgor Castor Derivatives IPO Saakshi Medtech and Panels IPO
Anchor Investor Reserveration 27,12,000 shares 13,24,800 shares
Market Maker Reserveration 5,01,000 shares 2,35,200 shares
QIB 17,22,000 shares 8,84,400 shares
NII 13,62,000 shares 6,63,600 shares
RII 31,42,000 shares 15,48,000 shares
Employee 0 shares 0 shares
Others
Total 62,26,000 shares 30,96,000 shares

Bids Received (Subscription)

Rajgor Castor Derivatives IPO subscribed 107.43x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

  Rajgor Castor Derivatives IPO Saakshi Medtech and Panels IPO
QIB (times) 35.52x 37.35x
NII (times) 260.01x 200.78x
Big NII (times)
Small NII (times)
RII (times) 80.70x 75.88x
Employee (times)
Other (times)
Total (times) 107.43x 91.65x

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