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
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	880.95	964.52	733.57	535.74
Revenue	531.99	2,611.12	2,104.52	1,021.64
Profit After Tax	1.04	120.74	52.35	64.78
Net Worth	531.58	530.54	365.69	313.34
Reserves and Surplus	309.47	308.43	364.69	312.34
Total Borrowing	163.81	173.26	11.97	38.72
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 Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Revenue	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
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

Compare with others

Sahara Maritime IPO	Siyaram Recycling IPO
Balaji Valve Components IPO	Supreme Power Equipment IPO
AIK Pipes And Polymers IPO	Sahara Maritime IPO
Indifra IPO	Electro Force India IPO
Sameera Agro IPO	Trident Techlabs IPO
Supreme Power Equipment IPO	Shree OSFM E-Mobility IPO
Electro Force India IPO	Presstonic Engineering IPO
Trident Techlabs IPO	S J Logistics IPO
Shree OSFM E-Mobility IPO	Accent Microcell IPO
Siyaram Recycling IPO	Marinetrans India IPO
Presstonic Engineering IPO	Shanti Spintex IPO

Comments

Add a public comment...