Sadhav Shipping IPO vs Zenith Drugs IPO

Comparision between Sadhav Shipping IPO and Zenith Drugs IPO.

IPO Details

Sadhav Shipping IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Book Built Issue proposed to list at NSE SME.

	Sadhav Shipping IPO	Zenith Drugs 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	Isk Advisors Pvt Ltd	Gretex Corporate Services Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Gretex Share 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 Sadhav Shipping IPO is up to ₹38.18 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

	Sadhav Shipping IPO	Zenith Drugs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹75.00 per share
Issue Price (Upper)		₹79.00 per share
Issue Price (Final)	₹95.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	40,18,800 shares	51,48,800 shares
Fresh Issue Size (Amount)	up to ₹38.18 Cr	up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,18,800 shares	51,48,800 shares
Issue Size Total (Amount)	up to ₹38.18 Cr	up to ₹40.68 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Sadhav Shipping IPO and Zenith Drugs IPO is Feb 27, 2024, and Feb 22, 2024, respectively.

	Sadhav Shipping IPO	Zenith Drugs IPO
Anchor Bid Date		Feb 16, 2024
Issue Open	Feb 23, 2024	Feb 19, 2024
Issue Close	Feb 27, 2024	Feb 22, 2024
Basis Of Allotment (Tentative)	Feb 28, 2024	Feb 23, 2024
Initiation of Refunds (Tentative)	Feb 29, 2024	Feb 26, 2024
Credit of Share (Tentative)	Feb 29, 2024	Feb 26, 2024
Listing date (Tentative)	Mar 01, 2024	Feb 27, 2024
Anchor Lockin End date 1		Mar 24, 2024
Anchor Lockin End date 2		May 23, 2024

Financials

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Zenith Drugs IPO P/E ratio of 18.4.

Sadhav Shipping IPO

Zenith Drugs IPO

Financial

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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,113.49	11,628.71	6,909.44	6,117.64
Revenue	3,385.69	7,890.59	6,977.94	6,123.67
Profit After Tax	406.97	775.44	300.93	330.77
Net Worth	4,501.44	4,094.46	3,503.51	3,205.61
Reserves and Surplus	4,206.18	3,799.21	3,208.26	2,910.36
Total Borrowing	6,681.84	5,527.45	2,083.08	1,776.04
Amount in ₹ Lakhs

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022
Assets	11,249.04	9,793.83	6,858.47
Revenue	6,948.43	11,569.65	9,266.63
Profit After Tax	539.38	515.29	312.86
Net Worth	2,264.96	1,724.42	1,209.09
Reserves and Surplus	1,064.96	1,684.42	1,169.09
Total Borrowing	2,902.81	2,605.03	1,880.86
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.44%

100.00%

Promoter Shareholding (Post-Issue)

69.44%

69.98%

P/E Ratio

12.66

18.4

Market Cap

₹136.35 Cr.

₹135.48 Cr.

ROE

20.41%%

35.13%%

ROCE

14.36%%

37.29%%

Debt/Equity

1.51

EPS

₹7.50

₹4.29

RoNW

18.94%%

29.88%%

Shares Offered

In the Sadhav Shipping IPO retail investors (RII) are offered 19,08,000 shares while in Zenith Drugs IPO retail investors are offered 19,08,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sadhav Shipping IPO and 8,59,200 shares in Zenith Drugs IPO.

	Sadhav Shipping IPO	Zenith Drugs IPO
Anchor Investor Reserveration		12,88,000 shares
Market Maker Reserveration	2,02,800 shares	8,52,800 shares
QIB	0 shares	8,59,200 shares
NII	19,08,000 shares	6,44,800 shares
RII	19,08,000 shares	15,04,000 shares
Employee	0 shares	0 shares
Others
Total	38,16,000 shares	30,08,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 135.69x in total, whereas Zenith Drugs IPO subscribed 179.18x.

	Sadhav Shipping IPO	Zenith Drugs IPO
QIB (times)		106.72x
NII (times)	184.58x	368.77x
Big NII (times)
Small NII (times)
RII (times)	65.52x	139.28x
Employee (times)
Other (times)
Total (times)	135.69x	179.18x

Compare with others

Sadhav Shipping IPO	Zenith Drugs IPO
Sona Machinery IPO	M.V.K. Agro Food IPO
Pune E-Stock Broking IPO	Owais Metal and Mineral Processing IPO
M.V.K. Agro Food IPO	Purv Flexipack IPO
Owais Metal and Mineral Processing IPO	Sadhav Shipping IPO
Purv Flexipack IPO	Deem Roll Tech IPO
Deem Roll Tech IPO	Esconet Technologies IPO
Zenith Drugs IPO	Trust Fintech IPO
Esconet Technologies IPO	Interiors and More IPO
Trust Fintech IPO	Atmastco IPO
Interiors and More IPO	Thaai Casting IPO

Comments

Add a public comment...