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Sahaj Fashions IPO vs Saroja Pharma IPO

Comparison between Sahaj Fashions IPO and Saroja Pharma IPO.

IPO Details

Sahaj Fashions 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.

 Sahaj Fashions IPOSaroja Pharma IPO
LogoSahaj Fashions IPO LogoSaroja Pharma IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersKhambatta Securities Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities Pvt.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 Sahaj Fashions IPO is up to ₹13.25 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Sahaj Fashions IPO is ₹30.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

 Sahaj Fashions IPOSaroja Pharma IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹30.00 per share₹84.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares1600 shares
Fresh Issue Size42,40,000 shares10,30,400 shares
Fresh Issue Size (Amount)up to ₹12.72 Crup to ₹8.66 Cr
OFS Issue Size1,76,000 shares0 shares
OFS Issue Size (Amount)up to ₹0.53 Crup to ₹0.00 Cr
Issue Size Total44,16,000 shares10,30,400 shares
Issue Size Total (Amount)up to ₹13.25 Crup to ₹8.66 Cr

IPO Timetable

Sahaj Fashions IPO opens on Aug 25, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Sahaj Fashions IPO and Saroja Pharma IPO is Aug 29, 2023, and Sep 05, 2023, respectively.

 Sahaj Fashions IPOSaroja Pharma IPO
Issue OpenAug 25, 2023Aug 31, 2023
Issue CloseAug 29, 2023Sep 05, 2023
Basis Of Allotment (Tentative)Sep 01, 2023Sep 08, 2023
Initiation of Refunds (Tentative)Sep 04, 2023Sep 11, 2023
Credit of Share (Tentative)Sep 05, 2023Sep 12, 2023
Listing date (Tentative)Sep 06, 2023Sep 13, 2023

Financials & KPIs

Sahaj Fashions IPO P/E ratio is , as compared to Saroja Pharma IPO P/E ratio of 23.25.

 Sahaj Fashions IPOSaroja Pharma IPO
Financials

Company Financials (Restated)

Period Ended28 Feb 202331 Mar 202231 Mar 202131 Mar 2020
Assets71.7969.9967.1264.76
Total Income91.0186.9874.7699.34
Profit After Tax2.890.430.320.27
NET Worth17.2414.3613.9413.62
Reserves and Surplus9.836.956.526.20
Total Borrowing15.1917.9516.0910.19
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)97.95%100%
Promoter Shareholding (Post-Issue)64.65%73.02%
P/E Ratio23.25
Market Cap₹39.50 Cr.₹33.77 Cr.
ROE15
ROCE25
Debt/Equity2.00
EPS₹3.61
RoNW20.85

Shares Offered

In the Sahaj Fashions IPO Retail Individual Investors (RII) are offered 22,08,000 shares while in Saroja Pharma IPO retail investors are offered 22,08,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Sahaj Fashions IPO and in Saroja Pharma IPO.

 Sahaj Fashions IPOSaroja Pharma IPO
Anchor Investor Reservation0 shares
Market Maker Reservation2,36,000 shares54,400 shares
QIB0 shares
NII22,08,000 shares5,15,200 shares
RII22,08,000 shares5,15,200 shares
Employee0 shares
Total44,16,000 shares10,30,400 shares

Bids Received (Subscription)

Sahaj Fashions IPO subscribed 7.75x in total, whereas Saroja Pharma IPO subscribed 8.86x.

 Sahaj Fashions IPOSaroja Pharma IPO
NII (times)3.78x2.90x
RII (times)11.72x14.83x
Total (times)7.75x8.86x

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Compare:

Sahaj Fashions IPO Vs Saroja Pharma IPO