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Purv Flexipack IPO vs Sadhav Shipping IPO

Comparision between Purv Flexipack IPO and Sadhav Shipping IPO.

IPO Details

Purv Flexipack IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Purv Flexipack IPO Sadhav Shipping IPO
Logo Purv Flexipack IPO Logo Sadhav Shipping IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Holani Consultants Private Limited Isk Advisors Pvt Ltd
Registrar Link Intime India Private Ltd Maashitla Securities Private Limited
Market Maker Holani Consultants Private Limited Sunflower Broking 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 Purv Flexipack IPO is up to ₹40.21 Cr whereas the issue size of the Sadhav Shipping IPO is up to ₹38.18 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

  Purv Flexipack IPO Sadhav Shipping IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹70.00 per share
Issue Price (Upper) ₹71.00 per share
Issue Price (Final) ₹71.00 per share ₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 56,64,000 shares 40,18,800 shares
Fresh Issue Size (Amount) up to ₹40.21 Cr up to ₹38.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 56,64,000 shares 40,18,800 shares
Issue Size Total (Amount) up to ₹40.21 Cr up to ₹38.18 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of Purv Flexipack IPO and Sadhav Shipping IPO is Feb 29, 2024, and Feb 27, 2024, respectively.

  Purv Flexipack IPO Sadhav Shipping IPO
Anchor Bid Date Feb 26, 2024
Issue Open Feb 27, 2024 Feb 23, 2024
Issue Close Feb 29, 2024 Feb 27, 2024
Basis Of Allotment (Tentative) Mar 01, 2024 Feb 28, 2024
Initiation of Refunds (Tentative) Mar 04, 2024 Feb 29, 2024
Credit of Share (Tentative) Mar 04, 2024 Feb 29, 2024
Listing date (Tentative) Mar 05, 2024 Mar 01, 2024
Anchor Lockin End date 1 Mar 31, 2024
Anchor Lockin End date 2 May 30, 2024

Financials

Purv Flexipack IPO P/E ratio is 13.17, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

  Purv Flexipack IPO Sadhav Shipping IPO
Financial

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets28,315.6425,852.8318,146.7315,417.62
Revenue13,935.7934,107.8322,943.8113,780.26
Profit After Tax430.13826.13626.73567.50
Net Worth8,152.427,619.226,793.095,898.36
Reserves and Surplus6,740.546,207.345,381.214,486.48
Total Borrowing15,013.9612,350.988,340.107,077.77
Amount in ₹ Lakhs

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets13,113.4911,628.716,909.446,117.64
Revenue3,385.697,890.596,977.946,123.67
Profit After Tax406.97775.44300.93330.77
Net Worth4,501.444,094.463,503.513,205.61
Reserves and Surplus4,206.183,799.213,208.262,910.36
Total Borrowing6,681.845,527.452,083.081,776.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 92.17% 96.44%
Promoter Shareholding (Post-Issue) 69.44%
P/E Ratio 13.17 12.66
Market Cap ₹148.98 Cr. ₹136.35 Cr.
ROE 11.46%% 20.41%%
ROCE 18.50%% 14.36%%
Debt/Equity 1.62
EPS ₹5.39 ₹7.50
RoNW 10.84%% 18.94%%

Shares Offered

In the Purv Flexipack IPO retail investors (RII) are offered 19,00,800 shares while in Sadhav Shipping IPO retail investors are offered 19,00,800 shares. Qualified institutional buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and 0 shares in Sadhav Shipping IPO.

  Purv Flexipack IPO Sadhav Shipping IPO
Anchor Investor Reserveration 15,16,800 shares
Market Maker Reserveration 3,48,800 shares 2,02,800 shares
QIB 10,52,800 shares 0 shares
NII 8,44,800 shares 19,08,000 shares
RII 19,00,800 shares 19,08,000 shares
Employee 0 shares 0 shares
Others
Total 37,98,400 shares 38,16,000 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

  Purv Flexipack IPO Sadhav Shipping IPO
QIB (times) 157.32x
NII (times) 690.72x 184.58x
Big NII (times)
Small NII (times)
RII (times) 448.73x 65.52x
Employee (times)
Other (times)
Total (times) 421.78x 135.69x

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