Proventus Agrocom IPO vs Sahana System IPO

Comparision between Proventus Agrocom IPO and Sahana System IPO.

IPO Details

Proventus Agrocom IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sahana System IPO is a SME Book Built Issue proposed to list at NSE SME.

	Proventus Agrocom IPO	Sahana System 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	Sundae Capital Advisors	Unistone Capital Pvt Ltd Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Ajcon Global Services Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Proventus Agrocom IPO is up to ₹69.54 Cr whereas the issue size of the Sahana System IPO is up to ₹32.74 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Sahana System IPO is ₹135.00 per share.

	Proventus Agrocom IPO	Sahana System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹132.00 per share
Issue Price (Upper)		₹135.00 per share
Issue Price (Final)	₹771.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	160 shares	1000 shares
Fresh Issue Size	6,71,773 shares	24,25,000 shares
Fresh Issue Size (Amount)	up to ₹51.79 Cr	up to ₹32.74 Cr
OFS Issue Size	2,30,147 shares
OFS Issue Size (Amount)	up to ₹17.74 Cr
Issue Size Total	9,01,920 shares	24,25,000 shares
Issue Size Total (Amount)	up to ₹69.54 Cr	up to ₹32.74 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Proventus Agrocom IPO and Sahana System IPO is May 26, 2023, and Jun 02, 2023, respectively.

	Proventus Agrocom IPO	Sahana System IPO
Anchor Bid Date
Issue Open	May 24, 2023	May 31, 2023
Issue Close	May 26, 2023	Jun 02, 2023
Basis Of Allotment (Tentative)	May 31, 2023	Jun 07, 2023
Initiation of Refunds (Tentative)	Jun 01, 2023	Jun 08, 2023
Credit of Share (Tentative)	Jun 02, 2023	Jun 09, 2023
Listing date (Tentative)	Jun 05, 2023	Jun 12, 2023
Anchor Lockin End date 1	Jun 30, 2023	Jul 07, 2023
Anchor Lockin End date 2	Aug 29, 2023	Sep 05, 2023

Financials

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Sahana System IPO P/E ratio of 16.88.

Proventus Agrocom IPO

Sahana System IPO

Financial

Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8,936.94	90,089.01	-2,190.46	5,663.58	4,731.01	1,728.54
31-Mar-21	8,843.36	30,173.92	187.90	5,844.50	4,911.92	2,940.72
31-Mar-22	10,131.13	40,434.57	114.03	5,966.75	5,034.17	3,444.05
31-Dec-22	9,735.37	31,909.63	189.82	6,167.31	5,234.74	3,061.13
Amount in ₹ Lakhs

Sahana System Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	772.93	331.47	16.44	17.44	16.44	723.25
31-Mar-22	1,498.91	1,217.39	141.18	452.06	142.53	512.59
31-Mar-23	2,417.82	2,414.23	639.64	1,079.71	522.56	477.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.29%

90.25%

Promoter Shareholding (Post-Issue)

70.84%

P/E Ratio

186.23

16.88

Market Cap

₹264.27 Cr.

₹107.95 Cr.

ROE

0.04%%

83.52%%

ROCE

0.05%%

61.05%%

Debt/Equity

0.56

0.44

EPS

₹4.14

₹11.48

RoNW

3.08%%

59.24%%

Shares Offered

In the Proventus Agrocom IPO retail investors (RII) are offered 4,28,450 shares while in Sahana System IPO retail investors are offered 4,28,450 shares. Qualified institutional buyers (QIB) are offered 0 shares in Proventus Agrocom IPO and 2,30,000 shares in Sahana System IPO.

	Proventus Agrocom IPO	Sahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration	45,100 shares	1,25,000 shares
QIB	0 shares	2,30,000 shares
NII	4,28,430 shares	10,35,000 shares
RII	4,28,450 shares	10,35,000 shares
Employee	0 shares	0 shares
Others
Total	8,56,880 shares	23,00,000 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Sahana System IPO subscribed 9.99x.

	Proventus Agrocom IPO	Sahana System IPO
QIB (times)		9.70x
NII (times)	4.65x	7.07x
Big NII (times)
Small NII (times)
RII (times)	0.74x	12.97x
Employee (times)
Other (times)
Total (times)	2.70x	9.99x

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