ResGen IPO vs Sudarshan Pharma Industries IPO

Comparision between ResGen IPO and Sudarshan Pharma Industries IPO.

IPO Details

ResGen IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sudarshan Pharma Industries IPO is a SME Book Built Issue proposed to list at BSE SME.

	ResGen IPO	Sudarshan Pharma Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Gretex Share Broking Private Limited	Gretex Share Broking 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 ResGen IPO is up to ₹28.20 Cr whereas the issue size of the Sudarshan Pharma Industries IPO is up to ₹50.10 Cr. The final issue price of ResGen IPO is ₹47.00 per share and of Sudarshan Pharma Industries IPO is ₹73.00 per share.

	ResGen IPO	Sudarshan Pharma Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹45.00 per share	₹71.00 per share
Issue Price (Upper)	₹47.00 per share	₹73.00 per share
Issue Price (Final)	₹47.00 per share	₹73.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	60,00,000 shares	68,62,400 shares
Fresh Issue Size (Amount)	up to ₹28.20 Cr	up to ₹50.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	68,62,400 shares
Issue Size Total (Amount)	up to ₹28.20 Cr	up to ₹50.10 Cr

IPO Timetable

ResGen IPO opens on Feb 28, 2023, while Sudarshan Pharma Industries IPO opens on Mar 09, 2023. The closing date of ResGen IPO and Sudarshan Pharma Industries IPO is Mar 02, 2023, and Mar 14, 2023, respectively.

	ResGen IPO	Sudarshan Pharma Industries IPO
Anchor Bid Date	Feb 27, 2023	Mar 08, 2023
Issue Open	Feb 28, 2023	Mar 09, 2023
Issue Close	Mar 02, 2023	Mar 14, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Mar 17, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Mar 20, 2023
Credit of Share (Tentative)	Mar 10, 2023	Mar 21, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 22, 2023
Anchor Lockin End date 1	Apr 07, 2023	Apr 16, 2023
Anchor Lockin End date 2	Jun 06, 2023	Jun 15, 2023

Financials

ResGen IPO P/E ratio is 27.33, as compared to Sudarshan Pharma Industries IPO P/E ratio of 24.33.

ResGen IPO

Sudarshan Pharma Industries IPO

Financial

ResGen Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	161.78		-15.15	136.13	-18.37	24.05
31-Mar-21	1,110.01	2.00	0.63	136.76	-17.74	961.33
31-Mar-22	1,371.31	480.81	73.50	367.46	147.46	932.92
05-Dec-22	3,917.97	1,265.34	246.44	1,510.30	1,091.10	1,486.06
Amount in ₹ Lakhs

Sudarshan Pharma Industries Ltd Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	9,926.02	19,372.82	267.12	2,250.74	1,296.05	2,977.09
31-Mar-22	13,752.18	35,755.89	530.37	2,977.53	2,002.63	3,059.24
30-Sep-22	16,402.22	19,589.87	360.70	5,108.79	3,996.89	4,940.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.15%

80.28%

Promoter Shareholding (Post-Issue)

67.22%

P/E Ratio

27.33

24.33

Market Cap

₹98.58 Cr.

₹175.68 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ResGen IPO retail investors (RII) are offered 19,98,000 shares while in Sudarshan Pharma Industries IPO retail investors are offered 19,98,000 shares. Qualified institutional buyers (QIB) are offered 28,20,000 shares in ResGen IPO and 5,21,600 shares in Sudarshan Pharma Industries IPO.

	ResGen IPO	Sudarshan Pharma Industries IPO
Anchor Investor Reserveration		7,80,800 shares
Market Maker Reserveration	3,00,000 shares	3,44,000 shares
QIB	28,20,000 shares	5,21,600 shares
NII	8,82,000 shares	19,08,800 shares
RII	19,98,000 shares	36,51,200 shares
Employee
Others
Total	57,00,000 shares	60,81,600 shares

Bids Received (Subscription)

ResGen IPO subscribed 2.50x in total, whereas Sudarshan Pharma Industries IPO subscribed 1.06x.

	ResGen IPO	Sudarshan Pharma Industries IPO
QIB (times)	1.09x	1.01x
NII (times)	3.87x	0.81x
Big NII (times)
Small NII (times)
RII (times)	3.88x	1.20x
Employee (times)
Other (times)
Total (times)	2.50x	1.06x

Compare with others

ResGen IPO	Sudarshan Pharma Industries IPO
Sudarshan Pharma Industries IPO	Labelkraft Technologies IPO
Vertexplus Technologies IPO	VELS Film International IPO
MCON Rasayan IPO	Bright Outdoor Media IPO
Systango Technologies IPO	Prospect Commodities IPO
Amanaya Ventures IPO	Quality Foils (India) IPO
Srivasavi Adhesive Tapes IPO	Vertexplus Technologies IPO
SVJ Enterprises IPO	MCON Rasayan IPO
Sealmatic India IPO	Systango Technologies IPO
Macfos IPO	Amanaya Ventures IPO
ITCONS E-Solutions IPO	ResGen IPO

Comments

Add a public comment...