Adani Enterprises FPO vs Sah Polymers IPO

Comparision between Adani Enterprises FPO and Sah Polymers IPO.

IPO Details

Adani Enterprises FPO 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.

	Adani Enterprises FPO	Sah Polymers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Jefferies India Private Limited SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited Idbi Capital Market Services Limited Jm Financial Limited Iifl Securities Ltd Monarch Networth Capital Ltd Elara Capital (India) Private Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP		DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Adani Enterprises FPO is up to ₹20,000.00 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Adani Enterprises FPO is and of Sah Polymers IPO is ₹65.00 per share.

	Adani Enterprises FPO	Sah Polymers IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹3,112.00 per share	₹61.00 per share
Issue Price (Upper)	₹3,276.00 per share	₹65.00 per share
Issue Price (Final)		₹65.00 per share
Discount (Retail)	₹64.00 per share
Discount (Employee)
Market Lot Size	4 shares	230 shares
Fresh Issue Size	6,47,38,475 shares	1,02,00,000 shares
Fresh Issue Size (Amount)	up to ₹20,000.00 Cr	up to ₹66.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	6,47,38,475 shares	1,02,00,000 shares
Issue Size Total (Amount)	up to ₹20,000.00 Cr	up to ₹66.30 Cr

IPO Timetable

Adani Enterprises FPO opens on Jan 27, 2023, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Adani Enterprises FPO and Sah Polymers IPO is Jan 31, 2023, and Jan 04, 2023, respectively.

	Adani Enterprises FPO	Sah Polymers IPO
Anchor Bid Date	Jan 25, 2023	Dec 29, 2022
Issue Open	Jan 27, 2023	Dec 30, 2022
Issue Close	Jan 31, 2023	Jan 04, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Jan 09, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Jan 10, 2023
Credit of Share (Tentative)	Feb 07, 2023	Jan 11, 2023
Listing date (Tentative)	Feb 08, 2023	Jan 12, 2023
Anchor Lockin End date 1	Mar 05, 2023	Feb 08, 2023
Anchor Lockin End date 2	May 04, 2023	Apr 09, 2023

Financials

Adani Enterprises FPO P/E ratio is , as compared to Sah Polymers IPO P/E ratio of 33.51.

Adani Enterprises FPO

Sah Polymers IPO

Financial

Adani Enterprises Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	46898.36	44086.21	1039.99	18209.94	12604.91
31-Mar-21	51642.86	40290.93	1045.76	18910.01	16051.42
30-Sep-21	82324.68	26327.73	460.14	23176.28	32189.62
31-Mar-22	101760.19	70432.69	787.7	26928.37	41023.77
30-Sep-22	123091.28	79507.89	901.04	36176.4	40023.5
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)

72.63%

100%

Promoter Shareholding (Post-Issue)

60.46%

P/E Ratio

33.51

Market Cap

₹167.67 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adani Enterprises FPO retail investors (RII) are offered 2,29,08,464 shares while in Sah Polymers IPO retail investors are offered 2,29,08,464 shares. Qualified institutional buyers (QIB) are offered 1,28,21,336 shares in Adani Enterprises FPO and 30,60,000 shares in Sah Polymers IPO.

	Adani Enterprises FPO	Sah Polymers IPO
Anchor Investor Reserveration		45,90,000 shares
Market Maker Reserveration
QIB	1,28,21,336 shares	30,60,000 shares
NII	96,16,323 shares	15,30,000 shares
RII	2,29,08,464 shares	10,20,000 shares
Employee	1,60,668 shares	0 shares
Others
Total	4,55,06,791 shares	56,10,000 shares

Bids Received (Subscription)

Adani Enterprises FPO subscribed 1.12x in total, whereas Sah Polymers IPO subscribed 17.46x.

	Adani Enterprises FPO	Sah Polymers IPO
QIB (times)	1.26x	2.40x
NII (times)	3.32x	32.69x
Big NII (times)	4.97x	33.94x
Small NII (times)	0.02x	30.20x
RII (times)	0.12x	39.78x
Employee (times)	0.55x
Other (times)
Total (times)	1.12x	17.46x

Compare with others

Adani Enterprises FPO	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
Radiant Cash Management IPO	Elin Electronics IPO
KFin Technologies IPO	Sula Vineyards IPO
Abans Holdings IPO	Dharmaj Crop Guard IPO
Sah Polymers IPO	Landmark Cars IPO
Elin Electronics IPO	Keystone Realtors IPO

Comments

Add a public comment...