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Saroja Pharma Industries IPO vs Sungarner Energies IPO

Comparision between Saroja Pharma Industries IPO and Sungarner Energies IPO.

IPO Details

Saroja Pharma Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sungarner Energies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Saroja Pharma Industries IPO Sungarner Energies IPO
Logo Saroja Pharma Industries IPO Logo Sungarner Energies IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Swastika Investmart Ltd Fast Track Finsec Pvt Ltd
Registrar Kfin Technologies Limited Skyline Financial Services Private Ltd
Market Maker Swastika Investmart Limited Nikunj Stock Brokers Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Saroja Pharma Industries IPO is up to ₹9.11 Cr whereas the issue size of the Sungarner Energies IPO is up to ₹5.31 Cr. The final issue price of Saroja Pharma Industries IPO is ₹84.00 per share and of Sungarner Energies IPO is ₹83.00 per share.

  Saroja Pharma Industries IPO Sungarner Energies IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹84.00 per share ₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 10,84,800 shares 6,40,000 shares
Fresh Issue Size (Amount) up to ₹9.11 Cr up to ₹5.31 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 10,84,800 shares 6,40,000 shares
Issue Size Total (Amount) up to ₹9.11 Cr up to ₹5.31 Cr

IPO Timetable

Saroja Pharma Industries IPO opens on Aug 31, 2023, while Sungarner Energies IPO opens on Aug 21, 2023. The closing date of Saroja Pharma Industries IPO and Sungarner Energies IPO is Sep 05, 2023, and Aug 23, 2023, respectively.

  Saroja Pharma Industries IPO Sungarner Energies IPO
Anchor Bid Date
Issue Open Aug 31, 2023 Aug 21, 2023
Issue Close Sep 05, 2023 Aug 23, 2023
Basis Of Allotment (Tentative) Sep 08, 2023 Aug 28, 2023
Initiation of Refunds (Tentative) Sep 11, 2023 Aug 29, 2023
Credit of Share (Tentative) Sep 12, 2023 Aug 30, 2023
Listing date (Tentative) Sep 13, 2023 Aug 31, 2023
Anchor Lockin End date 1 Oct 08, 2023 Sep 27, 2023
Anchor Lockin End date 2 Dec 07, 2023 Nov 26, 2023

Financials

Saroja Pharma Industries IPO P/E ratio is 23.27, as compared to Sungarner Energies IPO P/E ratio of 13.07.

  Saroja Pharma Industries IPO Sungarner Energies IPO
Financial
Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets822.391,551.192,133.99
Revenue3,674.675,595.675,035.09
Profit After Tax73.13114.01106.06
Net Worth93.59402.60508.66
Reserves and Surplus92.59380.02215.09
Total Borrowing301.77613.881,018.86
Amount in ₹ Lakhs
Sungarner Energies IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets318.19536.271,014.67
Revenue536.43797.661,765.33
Profit After Tax15.7257.5074.31
Net Worth98.73156.23320.54
Reserves and Surplus52.23109.73152.66
Total Borrowing103.78226.62424.11
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 84.94%
Promoter Shareholding (Post-Issue) 73.02% 61.49%
P/E Ratio 23.27 13.07
Market Cap ₹33.77 Cr. ₹19.25 Cr.
ROE 0.15%% 31.17%%
ROCE 0.25%% 25.28%%
Debt/Equity 2 1.32
EPS ₹3.61 ₹6.35
RoNW 20.85%% 23.18%%

Shares Offered

In the Saroja Pharma Industries IPO retail investors (RII) are offered 5,15,200 shares while in Sungarner Energies IPO retail investors are offered 5,15,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Saroja Pharma Industries IPO and 0 shares in Sungarner Energies IPO.

  Saroja Pharma Industries IPO Sungarner Energies IPO
Anchor Investor Reserveration
Market Maker Reserveration 54,400 shares 57,600 shares
QIB 0 shares 0 shares
NII 5,15,200 shares 2,91,200 shares
RII 5,15,200 shares 2,91,200 shares
Employee 0 shares 0 shares
Others
Total 10,30,400 shares 5,82,400 shares

Bids Received (Subscription)

Saroja Pharma Industries IPO subscribed 8.88x in total, whereas Sungarner Energies IPO subscribed 152.40x.

  Saroja Pharma Industries IPO Sungarner Energies IPO
QIB (times)
NII (times) 2.90x 110.59x
Big NII (times)
Small NII (times)
RII (times) 14.83x 192.93x
Employee (times)
Other (times)
Total (times) 8.88x 152.40x

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