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Purv Flexipack IPO vs Sona Machinery IPO

Comparision between Purv Flexipack IPO and Sona Machinery IPO.

IPO Details

Purv Flexipack 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.

  Purv Flexipack IPO Sona Machinery IPO
Logo Purv Flexipack 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 Holani Consultants Private Limited Hem Securities Limited
Registrar Link Intime India Private Ltd Maashitla Securities Private Limited
Market Maker Holani Consultants 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 Purv Flexipack IPO is up to ₹40.21 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of Sona Machinery IPO is ₹143.00 per share.

  Purv Flexipack IPO Sona Machinery IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹70.00 per share ₹136.00 per share
Issue Price (Upper) ₹71.00 per share ₹143.00 per share
Issue Price (Final) ₹71.00 per share ₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1000 shares
Fresh Issue Size 56,64,000 shares 36,24,000 shares
Fresh Issue Size (Amount) up to ₹40.21 Cr up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 56,64,000 shares 36,24,000 shares
Issue Size Total (Amount) up to ₹40.21 Cr up to ₹51.82 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Purv Flexipack IPO and Sona Machinery IPO is Feb 29, 2024, and Mar 07, 2024, respectively.

  Purv Flexipack IPO Sona Machinery IPO
Anchor Bid Date Feb 26, 2024 Mar 04, 2024
Issue Open Feb 27, 2024 Mar 05, 2024
Issue Close Feb 29, 2024 Mar 07, 2024
Basis Of Allotment (Tentative) Mar 01, 2024 Mar 11, 2024
Initiation of Refunds (Tentative) Mar 04, 2024 Mar 12, 2024
Credit of Share (Tentative) Mar 04, 2024 Mar 12, 2024
Listing date (Tentative) Mar 05, 2024 Mar 13, 2024
Anchor Lockin End date 1 Mar 31, 2024 Apr 10, 2024
Anchor Lockin End date 2 May 30, 2024 Jun 09, 2024

Financials

Purv Flexipack IPO P/E ratio is 13.17, as compared to Sona Machinery IPO P/E ratio of 18.8.

  Purv Flexipack IPO Sona Machinery IPO
Financial

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets28,315.6425,852.8318,146.7315,417.62
Revenue13,935.7934,107.8322,943.8113,780.26
Profit After Tax430.13826.13626.73567.50
Net Worth8,152.427,619.226,793.095,898.36
Reserves and Surplus6,740.546,207.345,381.214,486.48
Total Borrowing15,013.9612,350.988,340.107,077.77
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) 92.17% 100.00%
Promoter Shareholding (Post-Issue) 73.59%
P/E Ratio 13.17 18.8
Market Cap ₹148.98 Cr. ₹196.25 Cr.
ROE 11.46%% 44.49%%
ROCE 18.50%% 46.61%%
Debt/Equity 1.62 0.06
EPS ₹5.39 ₹7.61
RoNW 10.84%% 36.39%%

Shares Offered

In the Purv Flexipack IPO retail investors (RII) are offered 19,00,800 shares while in Sona Machinery IPO retail investors are offered 19,00,800 shares. Qualified institutional buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and 6,88,000 shares in Sona Machinery IPO.

  Purv Flexipack IPO Sona Machinery IPO
Anchor Investor Reserveration 15,16,800 shares 10,32,000 shares
Market Maker Reserveration 3,48,800 shares 1,82,000 shares
QIB 10,52,800 shares 6,88,000 shares
NII 8,44,800 shares 5,17,000 shares
RII 19,00,800 shares 12,05,000 shares
Employee 0 shares 0 shares
Others
Total 37,98,400 shares 24,10,000 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas Sona Machinery IPO subscribed 273.50x.

  Purv Flexipack IPO Sona Machinery IPO
QIB (times) 157.32x 129.72x
NII (times) 690.72x 554.42x
Big NII (times)
Small NII (times)
RII (times) 448.73x 235.06x
Employee (times)
Other (times)
Total (times) 421.78x 273.50x

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