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Electro Force India IPO vs Sahara Maritime IPO

Comparision between Electro Force India IPO and Sahara Maritime IPO.

IPO Details

Electro Force India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sahara Maritime IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Electro Force India IPO Sahara Maritime IPO
Logo Electro Force India IPO Logo Sahara Maritime IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers First Overseas Capital Limited Swaraj shares and securities private limited
Registrar Skyline Financial Services Private Ltd Bigshare Services Pvt Ltd
Market Maker Arham Shares Private Limited Shreni Shares 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 Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the Sahara Maritime IPO is up to ₹6.88 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of Sahara Maritime IPO is ₹81.00 per share.

  Electro Force India IPO Sahara Maritime IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹93.00 per share ₹81.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 60,00,000 shares 8,49,600 shares
Fresh Issue Size (Amount) up to ₹55.80 Cr up to ₹6.88 Cr
OFS Issue Size 26,74,800 shares
OFS Issue Size (Amount) up to ₹24.88 Cr
Issue Size Total 86,74,800 shares 8,49,600 shares
Issue Size Total (Amount) up to ₹80.68 Cr up to ₹6.88 Cr

IPO Timetable

Electro Force India IPO opens on Dec 19, 2023, while Sahara Maritime IPO opens on Dec 18, 2023. The closing date of Electro Force India IPO and Sahara Maritime IPO is Dec 21, 2023, and Dec 20, 2023, respectively.

  Electro Force India IPO Sahara Maritime IPO
Anchor Bid Date
Issue Open Dec 19, 2023 Dec 18, 2023
Issue Close Dec 21, 2023 Dec 20, 2023
Basis Of Allotment (Tentative) Dec 22, 2023 Dec 21, 2023
Initiation of Refunds (Tentative) Dec 26, 2023 Dec 22, 2023
Credit of Share (Tentative) Dec 26, 2023 Dec 22, 2023
Listing date (Tentative) Dec 27, 2023 Dec 26, 2023
Anchor Lockin End date 1 Jan 21, 2024 Jan 20, 2024
Anchor Lockin End date 2 Mar 21, 2024 Mar 20, 2024

Financials

Electro Force India IPO P/E ratio is 20.22, as compared to Sahara Maritime IPO P/E ratio of 15.03.

  Electro Force India IPO Sahara Maritime IPO
Financial

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,827.007,231.514,783.371,719.96
Revenue2,314.193,028.813,443.551,587.13
Profit After Tax711.08799.60864.26-223.69
Net Worth2,546.411,835.331,035.73171.47
Reserves and Surplus806.4195.33535.73-328.53
Total Borrowing
Amount in ₹ Lakhs

Sahara Maritime Limited Financial Information (Restated)

Sahara Maritime Limited's revenue increased by 24.07% and profit after tax (PAT) rose by 130.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets880.95964.52733.57535.74
Revenue531.992,611.122,104.521,021.64
Profit After Tax1.04120.7452.3564.78
Net Worth531.58530.54365.69313.34
Reserves and Surplus309.47308.43364.69312.34
Total Borrowing163.81173.2611.9738.72
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 62.93% 72.32%
P/E Ratio 20.22 15.03
Market Cap ₹217.62 Cr. ₹24.87 Cr.
ROE 43.57%% 26.72%%
ROCE 58.23%% 32.77%%
Debt/Equity 0.33
EPS ₹4.60 ₹5.44
RoNW 43.57%% 22.76%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in Sahara Maritime IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 0 shares in Sahara Maritime IPO.

  Electro Force India IPO Sahara Maritime IPO
Anchor Investor Reserveration
Market Maker Reserveration 4,35,600 shares 43,200 shares
QIB 0 shares 0 shares
NII 41,19,600 shares 4,03,200 shares
RII 41,19,600 shares 4,03,200 shares
Employee 0 shares 0 shares
Others
Total 82,39,200 shares 8,06,400 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas Sahara Maritime IPO subscribed 22.67x.

  Electro Force India IPO Sahara Maritime IPO
QIB (times)
NII (times) 2.12x 8.98x
Big NII (times)
Small NII (times)
RII (times) 6.44x 36.35x
Employee (times)
Other (times)
Total (times) 4.28x 22.67x

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