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Sahara Maritime IPO vs Siyaram Recycling IPO

Comparision between Sahara Maritime IPO and Siyaram Recycling IPO.

IPO Details

Sahara Maritime IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Siyaram Recycling IPO is a SME Book Built Issue proposed to list at BSE SME.

  Sahara Maritime IPO Siyaram Recycling IPO
Logo Sahara Maritime IPO Logo Siyaram Recycling IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Swaraj shares and securities private limited Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Cameo Corporate Services Limited
Market Maker Shreni Shares Limited Hem Finlease 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 Sahara Maritime IPO is up to ₹6.88 Cr whereas the issue size of the Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of Sahara Maritime IPO is ₹81.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

  Sahara Maritime IPO Siyaram Recycling IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹43.00 per share
Issue Price (Upper) ₹46.00 per share
Issue Price (Final) ₹81.00 per share ₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 3000 shares
Fresh Issue Size 8,49,600 shares 49,92,000 shares
Fresh Issue Size (Amount) up to ₹6.88 Cr up to ₹22.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 8,49,600 shares 49,92,000 shares
Issue Size Total (Amount) up to ₹6.88 Cr up to ₹22.96 Cr

IPO Timetable

Sahara Maritime IPO opens on Dec 18, 2023, while Siyaram Recycling IPO opens on Dec 14, 2023. The closing date of Sahara Maritime IPO and Siyaram Recycling IPO is Dec 20, 2023, and Dec 18, 2023, respectively.

  Sahara Maritime IPO Siyaram Recycling IPO
Anchor Bid Date
Issue Open Dec 18, 2023 Dec 14, 2023
Issue Close Dec 20, 2023 Dec 18, 2023
Basis Of Allotment (Tentative) Dec 21, 2023 Dec 19, 2023
Initiation of Refunds (Tentative) Dec 22, 2023 Dec 20, 2023
Credit of Share (Tentative) Dec 22, 2023 Dec 20, 2023
Listing date (Tentative) Dec 26, 2023 Dec 21, 2023
Anchor Lockin End date 1 Jan 20, 2024 Jan 18, 2024
Anchor Lockin End date 2 Mar 20, 2024 Mar 18, 2024

Financials

Sahara Maritime IPO P/E ratio is 15.03, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

  Sahara Maritime IPO Siyaram Recycling IPO
Financial

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

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets15,136.319,851.359,823.59
Revenue49,786.2742,644.3413,972.93
Profit After Tax765.42322.47142.28
Net Worth4,642.123,876.713,554.23
Reserves and Surplus3,261.572,496.162,173.68
Total Borrowing6,706.952,821.022,931.72
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100%
Promoter Shareholding (Post-Issue) 72.32%
P/E Ratio 15.03 8.3
Market Cap ₹24.87 Cr. ₹86.47 Cr.
ROE 26.72%% 17.97%%
ROCE 32.77%% 13.42%%
Debt/Equity 0.33 1.44
EPS ₹5.44 ₹5.54
RoNW 22.76%% 16.49%%

Shares Offered

In the Sahara Maritime IPO retail investors (RII) are offered 4,03,200 shares while in Siyaram Recycling IPO retail investors are offered 4,03,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sahara Maritime IPO and 9,48,000 shares in Siyaram Recycling IPO.

  Sahara Maritime IPO Siyaram Recycling IPO
Anchor Investor Reserveration 14,22,000 shares
Market Maker Reserveration 43,200 shares 2,52,000 shares
QIB 0 shares 9,48,000 shares
NII 4,03,200 shares 7,11,000 shares
RII 4,03,200 shares 16,59,000 shares
Employee 0 shares 0 shares
Others
Total 8,06,400 shares 33,18,000 shares

Bids Received (Subscription)

Sahara Maritime IPO subscribed 22.67x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

  Sahara Maritime IPO Siyaram Recycling IPO
QIB (times) 96.43x
NII (times) 8.98x 597.72x
Big NII (times)
Small NII (times)
RII (times) 36.35x 459.11x
Employee (times)
Other (times)
Total (times) 22.67x 385.19x

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