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Owais Metal and Mineral Processing IPO vs Sona Machinery IPO

Comparision between Owais Metal and Mineral Processing IPO and Sona Machinery IPO.

IPO Details

Owais Metal and Mineral Processing IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sona Machinery IPO is a SME Book Built Issue proposed to list at NSE SME.

  Owais Metal and Mineral Processing IPO Sona Machinery IPO
Logo Owais Metal and Mineral Processing IPO Logo Sona Machinery IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Gretex Corporate Services Limited Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Maashitla Securities Private Limited
Market Maker Gretex Share Broking Private Limited Hem Finlease Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Owais Metal and Mineral Processing IPO is up to ₹42.69 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of Owais Metal and Mineral Processing IPO is ₹87.00 per share and of Sona Machinery IPO is ₹143.00 per share.

  Owais Metal and Mineral Processing IPO Sona Machinery IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹83.00 per share ₹136.00 per share
Issue Price (Upper) ₹87.00 per share ₹143.00 per share
Issue Price (Final) ₹87.00 per share ₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1000 shares
Fresh Issue Size 49,07,200 shares 36,24,000 shares
Fresh Issue Size (Amount) up to ₹42.69 Cr up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,07,200 shares 36,24,000 shares
Issue Size Total (Amount) up to ₹42.69 Cr up to ₹51.82 Cr

IPO Timetable

Owais Metal and Mineral Processing IPO opens on Feb 26, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Owais Metal and Mineral Processing IPO and Sona Machinery IPO is Feb 28, 2024, and Mar 07, 2024, respectively.

  Owais Metal and Mineral Processing IPO Sona Machinery IPO
Anchor Bid Date Feb 23, 2024 Mar 04, 2024
Issue Open Feb 26, 2024 Mar 05, 2024
Issue Close Feb 28, 2024 Mar 07, 2024
Basis Of Allotment (Tentative) Feb 29, 2024 Mar 11, 2024
Initiation of Refunds (Tentative) Mar 01, 2024 Mar 12, 2024
Credit of Share (Tentative) Mar 01, 2024 Mar 12, 2024
Listing date (Tentative) Mar 04, 2024 Mar 13, 2024
Anchor Lockin End date 1 Mar 30, 2024 Apr 10, 2024
Anchor Lockin End date 2 May 29, 2024 Jun 09, 2024

Financials

Owais Metal and Mineral Processing IPO P/E ratio is 21.35, as compared to Sona Machinery IPO P/E ratio of 18.8.

  Owais Metal and Mineral Processing IPO Sona Machinery IPO
Financial

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended31 Dec 202331 Mar 2023
Assets5,164.23379.62
Revenue3,977.54
Profit After Tax765.47-12.72
Net Worth2,122.7757.28
Reserves and Surplus795.2544.28
Total Borrowing1,350.59321.29
Amount in ₹ Lakhs

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,211.302,858.191,516.58732.21
Revenue6,288.118,118.064,453.07606.33
Profit After Tax647.82768.36326.4727.81
Net Worth1,780.161,132.34363.9837.51
Reserves and Surplus770.161,122.34353.9827.51
Total Borrowing112.94252.60236.61
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 73.01% 73.59%
P/E Ratio 21.35 18.8
Market Cap ₹158.19 Cr. ₹196.25 Cr.
ROE -5.35%% 44.49%%
ROCE 46.61%%
Debt/Equity 5.61 0.06
EPS ₹4.08 ₹7.61
RoNW -22.22%% 36.39%%

Shares Offered

In the Owais Metal and Mineral Processing IPO retail investors (RII) are offered 15,98,400 shares while in Sona Machinery IPO retail investors are offered 15,98,400 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Owais Metal and Mineral Processing IPO and 6,88,000 shares in Sona Machinery IPO.

  Owais Metal and Mineral Processing IPO Sona Machinery IPO
Anchor Investor Reserveration 13,68,000 shares 10,32,000 shares
Market Maker Reserveration 3,44,000 shares 1,82,000 shares
QIB 9,12,000 shares 6,88,000 shares
NII 6,84,800 shares 5,17,000 shares
RII 15,98,400 shares 12,05,000 shares
Employee 0 shares 0 shares
Others
Total 31,95,200 shares 24,10,000 shares

Bids Received (Subscription)

Owais Metal and Mineral Processing IPO subscribed 221.18x in total, whereas Sona Machinery IPO subscribed 273.50x.

  Owais Metal and Mineral Processing IPO Sona Machinery IPO
QIB (times) 92.06x 129.72x
NII (times) 329.36x 554.42x
Big NII (times)
Small NII (times)
RII (times) 248.50x 235.06x
Employee (times)
Other (times)
Total (times) 221.18x 273.50x

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