Smiloshine IPO vs Sona Hi Sona IPO

Comparision between Smiloshine IPO and Sona Hi Sona IPO.

IPO Details

Smiloshine IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sona Hi Sona IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Smiloshine IPO	Sona Hi Sona IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Fedex Securities Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
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 Smiloshine IPO is up to ₹4.49 Cr whereas the issue size of the Sona Hi Sona IPO is up to ₹4.50 Cr. The final issue price of Smiloshine IPO is ₹24.00 per share and of Sona Hi Sona IPO is ₹10.00 per share.

	Smiloshine IPO	Sona Hi Sona IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹24.00 per share	₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	10000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,72,000 shares	45,00,000 shares
Issue Size Total (Amount)	up to ₹4.49 Cr	up to ₹4.50 Cr

IPO Timetable

Smiloshine IPO opens on Aug 30, 2019, while Sona Hi Sona IPO opens on Sep 30, 2019. The closing date of Smiloshine IPO and Sona Hi Sona IPO is Sep 04, 2019, and Oct 04, 2019, respectively.

	Smiloshine IPO	Sona Hi Sona IPO
Anchor Bid Date
Issue Open	Aug 30, 2019	Sep 30, 2019
Issue Close	Sep 04, 2019	Oct 04, 2019
Basis Of Allotment (Tentative)	Sep 09, 2019	Oct 10, 2019
Initiation of Refunds (Tentative)	Sep 11, 2019	Oct 11, 2019
Credit of Share (Tentative)	Sep 12, 2019	Oct 14, 2019
Listing date (Tentative)	Sep 13, 2019	Oct 15, 2019
Anchor Lockin End date 1	Oct 09, 2019	Nov 09, 2019
Anchor Lockin End date 2	Dec 08, 2019	Jan 08, 2020

Financials

Smiloshine IPO P/E ratio is , as compared to Sona Hi Sona IPO P/E ratio of .

Smiloshine IPO

Sona Hi Sona IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
�	31-March-19	31-March-18	31-March-17
Total Assets	431.61	183.77	189.81
Total Revenue	51.41	11.33	16.18
Profit After Tax	21.85	0.09	(0.30)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	2,224.40	2,230.88	1,220.15
Total Revenue	6,717.98	5,903.26	5,448.10
Profit After Tax	38.86	18.65	6.18

Promoter Shareholding (Pre-Issue)

99.35%

100%

Promoter Shareholding (Post-Issue)

60.88%

73.19%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Smiloshine IPO retail investors (RII) are offered 8,88,000 shares while in Sona Hi Sona IPO retail investors are offered 8,88,000 shares. Qualified institutional buyers (QIB) are offered in Smiloshine IPO and in Sona Hi Sona IPO.

	Smiloshine IPO	Sona Hi Sona IPO
Anchor Investor Reserveration
Market Maker Reserveration	96,000 shares	2,40,000 shares
QIB
NII	8,88,000 shares	21,30,000 shares
RII	8,88,000 shares	21,30,000 shares
Employee
Others
Total	17,76,000 shares	42,60,000 shares

Bids Received (Subscription)

Smiloshine IPO subscribed 1.24x in total, whereas Sona Hi Sona IPO subscribed 1.21x.

	Smiloshine IPO	Sona Hi Sona IPO
QIB (times)
NII (times)	1.80x	1.74x
Big NII (times)
Small NII (times)
RII (times)	0.67x	0.69x
Employee (times)
Other (times)
Total (times)	1.24x	1.21x

Compare with others

Smiloshine IPO	Sona Hi Sona IPO
Anuroop IPO	Valencia IPO
Sona Hi Sona IPO	DC Infotech IPO
Goblin IPO	Ascom Leasing IPO
Galactico IPO	Mangalam Global IPO
Misquita IPO	Anuroop IPO
Salasar Exteriors IPO	Goblin IPO
Transpact IPO	Galactico IPO
Alphalogic IPO	Misquita IPO
Shiv Aum IPO	Smiloshine IPO
Wonder Fibromats IPO	Salasar Exteriors IPO

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