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Mono Pharmacare IPO vs Saroja Pharma IPO

Comparison between Mono Pharmacare IPO and Saroja Pharma IPO.

IPO Details

Mono Pharmacare IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saroja Pharma IPO is a SME Fixed Price proposed to list at NSE SME.

 Mono Pharmacare IPOSaroja Pharma IPO
LogoMono Pharmacare IPO LogoSaroja Pharma IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersUnistone Capital Pvt.Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerRikhav Securities Ltd.Swastika Investmart Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Mono Pharmacare IPO is up to ₹14.07 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Mono Pharmacare IPO is ₹28.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

 Mono Pharmacare IPOSaroja Pharma IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹26.00 per share
Issue Price (Upper)₹28.00 per share
Issue Price (Final)₹28.00 per share₹84.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares1600 shares
Fresh Issue Size50,24,000 shares10,30,400 shares
Fresh Issue Size (Amount)up to ₹14.07 Crup to ₹8.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total50,24,000 shares10,30,400 shares
Issue Size Total (Amount)up to ₹14.07 Crup to ₹8.66 Cr

IPO Timetable

Mono Pharmacare IPO opens on Aug 28, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Mono Pharmacare IPO and Saroja Pharma IPO is Aug 30, 2023, and Sep 05, 2023, respectively.

 Mono Pharmacare IPOSaroja Pharma IPO
Issue OpenAug 28, 2023Aug 31, 2023
Issue CloseAug 30, 2023Sep 05, 2023
Basis Of Allotment (Tentative)Sep 04, 2023Sep 08, 2023
Initiation of Refunds (Tentative)Sep 05, 2023Sep 11, 2023
Credit of Share (Tentative)Sep 06, 2023Sep 12, 2023
Listing date (Tentative)Sep 07, 2023Sep 13, 2023

Financials & KPIs

Mono Pharmacare IPO P/E ratio is , as compared to Saroja Pharma IPO P/E ratio of 23.25.

 Mono Pharmacare IPOSaroja Pharma IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets62.5714.3811.228.72
Total Income37.1028.3811.69
Profit After Tax0.350.100.02
NET Worth4.283.702.02
Reserves and Surplus1.32
Total Borrowing6.446.086.33
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets21.3415.518.22
Total Income50.3555.9636.75
Profit After Tax1.061.140.73
NET Worth5.094.030.94
Reserves and Surplus2.153.800.93
Total Borrowing10.196.143.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)81.02%100%
Promoter Shareholding (Post-Issue)56.72%73.02%
P/E Ratio23.25
Market Cap₹49.47 Cr.₹33.77 Cr.
ROE9.0115
ROCE10.3425
Debt/Equity2.922.00
EPS₹1.99₹3.61
RoNW9.0120.85

Shares Offered

In the Mono Pharmacare IPO Retail Individual Investors (RII) are offered 22,64,000 shares while in Saroja Pharma IPO retail investors are offered 22,64,000 shares. Qualified Institutional Buyers (QIB) are offered 5,00,000 shares in Mono Pharmacare IPO and in Saroja Pharma IPO.

 Mono Pharmacare IPOSaroja Pharma IPO
Market Maker Reservation2,76,000 shares54,400 shares
QIB5,00,000 shares
NII22,60,000 shares5,15,200 shares
RII22,64,000 shares5,15,200 shares
Total50,24,000 shares10,30,400 shares

Bids Received (Subscription)

Mono Pharmacare IPO subscribed 13.42x in total, whereas Saroja Pharma IPO subscribed 8.86x.

 Mono Pharmacare IPOSaroja Pharma IPO
QIB (times)10.89x
NII (times)8.00x2.90x
RII (times)19.40x14.83x
Total (times)13.42x8.86x

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Compare:

Mono Pharmacare IPO Vs Saroja Pharma IPO