Sona Hi Sona IPO vs Valencia IPO

Comparision between Sona Hi Sona IPO and Valencia IPO.

IPO Details

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

	Sona Hi Sona IPO	Valencia IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fedex Securities Pvt Ltd	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sona Hi Sona IPO is up to ₹4.50 Cr whereas the issue size of the Valencia IPO is up to ₹7.23 Cr. The final issue price of Sona Hi Sona IPO is ₹10.00 per share and of Valencia IPO is ₹46.00 per share.

	Sona Hi Sona IPO	Valencia IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹10.00 per share	₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	3000 shares
Fresh Issue Size		13,05,000 shares
Fresh Issue Size (Amount)		up to ₹6.00 Cr
OFS Issue Size		2,67,000 shares
OFS Issue Size (Amount)		up to ₹1.23 Cr
Issue Size Total	45,00,000 shares	15,72,000 shares
Issue Size Total (Amount)	up to ₹4.50 Cr	up to ₹7.23 Cr

IPO Timetable

Sona Hi Sona IPO opens on Sep 30, 2019, while Valencia IPO opens on Dec 23, 2019. The closing date of Sona Hi Sona IPO and Valencia IPO is Oct 04, 2019, and Dec 27, 2019, respectively.

	Sona Hi Sona IPO	Valencia IPO
Anchor Bid Date
Issue Open	Sep 30, 2019	Dec 23, 2019
Issue Close	Oct 04, 2019	Dec 27, 2019
Basis Of Allotment (Tentative)	Oct 10, 2019
Initiation of Refunds (Tentative)	Oct 11, 2019
Credit of Share (Tentative)	Oct 14, 2019
Listing date (Tentative)	Oct 15, 2019
Anchor Lockin End date 1	Nov 09, 2019
Anchor Lockin End date 2	Jan 08, 2020

Financials

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

Sona Hi Sona IPO

Valencia IPO

Financial

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

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-June-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	239.87	141.25	161.37	32.81
Total Revenue	93.31	149.47	42.55	73.71
Profit After Tax	(92.16)	(214.14)	(115.97)	(146.50)

Promoter Shareholding (Pre-Issue)

100%

82.09%

Promoter Shareholding (Post-Issue)

73.19%

62.91%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sona Hi Sona IPO retail investors (RII) are offered 21,30,000 shares while in Valencia IPO retail investors are offered 21,30,000 shares. Qualified institutional buyers (QIB) are offered in Sona Hi Sona IPO and in Valencia IPO.

	Sona Hi Sona IPO	Valencia IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,40,000 shares	84,000 shares
QIB
NII	21,30,000 shares	7,44,000 shares
RII	21,30,000 shares	7,44,000 shares
Employee
Others
Total	42,60,000 shares	14,88,000 shares

Bids Received (Subscription)

Sona Hi Sona IPO subscribed 1.21x in total, whereas Valencia IPO subscribed 1.56x.

	Sona Hi Sona IPO	Valencia IPO
QIB (times)
NII (times)	1.74x	2.53x
Big NII (times)
Small NII (times)
RII (times)	0.69x	0.58x
Employee (times)
Other (times)
Total (times)	1.21x	1.56x

Compare with others

Sona Hi Sona IPO	Valencia IPO
Valencia IPO	Madhav Copper FPO
DC Infotech IPO	Janus IPO
Ascom Leasing IPO	HindPrakash IPO
Mangalam Global IPO	Gian Lifecare IPO
Anuroop IPO	Vaxtex Cotfab IPO
Goblin IPO	DC Infotech IPO
Galactico IPO	Ascom Leasing IPO
Misquita IPO	Mangalam Global IPO
Smiloshine IPO	Anuroop IPO
Salasar Exteriors IPO	Sona Hi Sona IPO

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