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Sadhav Shipping IPO vs Sona Machinery IPO

Comparision between Sadhav Shipping IPO and Sona Machinery IPO.

IPO Details

Sadhav Shipping 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.

  Sadhav Shipping IPO Sona Machinery IPO
Logo Sadhav Shipping IPO Logo Sona Machinery IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Isk Advisors Pvt Ltd Hem Securities Limited
Registrar Maashitla Securities Private Limited Maashitla Securities Private Limited
Market Maker Sunflower Broking Private 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 Sadhav Shipping IPO is up to ₹38.18 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Sona Machinery IPO is ₹143.00 per share.

  Sadhav Shipping IPO Sona Machinery IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹136.00 per share
Issue Price (Upper) ₹143.00 per share
Issue Price (Final) ₹95.00 per share ₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1000 shares
Fresh Issue Size 40,18,800 shares 36,24,000 shares
Fresh Issue Size (Amount) up to ₹38.18 Cr up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 40,18,800 shares 36,24,000 shares
Issue Size Total (Amount) up to ₹38.18 Cr up to ₹51.82 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Sadhav Shipping IPO and Sona Machinery IPO is Feb 27, 2024, and Mar 07, 2024, respectively.

  Sadhav Shipping IPO Sona Machinery IPO
Anchor Bid Date Mar 04, 2024
Issue Open Feb 23, 2024 Mar 05, 2024
Issue Close Feb 27, 2024 Mar 07, 2024
Basis Of Allotment (Tentative) Feb 28, 2024 Mar 11, 2024
Initiation of Refunds (Tentative) Feb 29, 2024 Mar 12, 2024
Credit of Share (Tentative) Feb 29, 2024 Mar 12, 2024
Listing date (Tentative) Mar 01, 2024 Mar 13, 2024
Anchor Lockin End date 1 Apr 10, 2024
Anchor Lockin End date 2 Jun 09, 2024

Financials

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Sona Machinery IPO P/E ratio of 18.8.

  Sadhav Shipping IPO Sona Machinery IPO
Financial

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets13,113.4911,628.716,909.446,117.64
Revenue3,385.697,890.596,977.946,123.67
Profit After Tax406.97775.44300.93330.77
Net Worth4,501.444,094.463,503.513,205.61
Reserves and Surplus4,206.183,799.213,208.262,910.36
Total Borrowing6,681.845,527.452,083.081,776.04
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) 96.44% 100.00%
Promoter Shareholding (Post-Issue) 69.44% 73.59%
P/E Ratio 12.66 18.8
Market Cap ₹136.35 Cr. ₹196.25 Cr.
ROE 20.41%% 44.49%%
ROCE 14.36%% 46.61%%
Debt/Equity 0.06
EPS ₹7.50 ₹7.61
RoNW 18.94%% 36.39%%

Shares Offered

In the Sadhav Shipping IPO retail investors (RII) are offered 19,08,000 shares while in Sona Machinery IPO retail investors are offered 19,08,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sadhav Shipping IPO and 6,88,000 shares in Sona Machinery IPO.

  Sadhav Shipping IPO Sona Machinery IPO
Anchor Investor Reserveration 10,32,000 shares
Market Maker Reserveration 2,02,800 shares 1,82,000 shares
QIB 0 shares 6,88,000 shares
NII 19,08,000 shares 5,17,000 shares
RII 19,08,000 shares 12,05,000 shares
Employee 0 shares 0 shares
Others
Total 38,16,000 shares 24,10,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 135.69x in total, whereas Sona Machinery IPO subscribed 273.50x.

  Sadhav Shipping IPO Sona Machinery IPO
QIB (times) 129.72x
NII (times) 184.58x 554.42x
Big NII (times)
Small NII (times)
RII (times) 65.52x 235.06x
Employee (times)
Other (times)
Total (times) 135.69x 273.50x

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