Shoora Designs IPO vs Sungarner Energies IPO

Comparision between Shoora Designs IPO and Sungarner Energies IPO.

IPO Details

Shoora Designs IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sungarner Energies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Shoora Designs IPO	Sungarner Energies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Swaraj shares and securities private limited	Fast Track Finsec Pvt Ltd
Registrar	Kfin Technologies Limited	Skyline Financial Services Private Ltd
Market Maker	Rikhav Securities 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 Shoora Designs IPO is up to ₹2.03 Cr whereas the issue size of the Sungarner Energies IPO is up to ₹5.31 Cr. The final issue price of Shoora Designs IPO is ₹48.00 per share and of Sungarner Energies IPO is ₹83.00 per share.

	Shoora Designs IPO	Sungarner Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹48.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	4,23,000 shares	6,40,000 shares
Fresh Issue Size (Amount)	up to ₹2.03 Cr	up to ₹5.31 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,24,000 shares	6,40,000 shares
Issue Size Total (Amount)	up to ₹2.03 Cr	up to ₹5.31 Cr

IPO Timetable

Shoora Designs IPO opens on Aug 17, 2023, while Sungarner Energies IPO opens on Aug 21, 2023. The closing date of Shoora Designs IPO and Sungarner Energies IPO is Aug 21, 2023, and Aug 23, 2023, respectively.

	Shoora Designs IPO	Sungarner Energies IPO
Anchor Bid Date
Issue Open	Aug 17, 2023	Aug 21, 2023
Issue Close	Aug 21, 2023	Aug 23, 2023
Basis Of Allotment (Tentative)	Aug 24, 2023	Aug 28, 2023
Initiation of Refunds (Tentative)	Aug 25, 2023	Aug 29, 2023
Credit of Share (Tentative)	Aug 28, 2023	Aug 30, 2023
Listing date (Tentative)	Aug 29, 2023	Aug 31, 2023
Anchor Lockin End date 1	Sep 23, 2023	Sep 27, 2023
Anchor Lockin End date 2	Nov 22, 2023	Nov 26, 2023

Financials

Shoora Designs IPO P/E ratio is 35.82, as compared to Sungarner Energies IPO P/E ratio of 13.07.

Shoora Designs IPO

Sungarner Energies IPO

Financial

Shoora Designs IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	0.75	15.03	168.99
Revenue		16.26	210.61
Profit After Tax	-0.50	3.91	11.46
Net Worth	0.50	4.41	158.59
Reserves and Surplus	-0.50	3.41	51.02
Total Borrowing			0.30

Amount in ₹ Lakhs

Sungarner Energies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	318.19	536.27	1,014.67
Revenue	536.43	797.66	1,765.33
Profit After Tax	15.72	57.50	74.31
Net Worth	98.73	156.23	320.54
Reserves and Surplus	52.23	109.73	152.66
Total Borrowing	103.78	226.62	424.11

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

84.94%

Promoter Shareholding (Post-Issue)

71.77%

61.49%

P/E Ratio

35.82

13.07

Market Cap

₹7.19 Cr.

₹19.25 Cr.

ROE

14.06%%

31.17%%

ROCE

9.89%%

25.28%%

Debt/Equity

1.32

EPS

₹1.34

₹6.35

RoNW

7.22%%

23.18%%

Shares Offered

In the Shoora Designs IPO retail investors (RII) are offered 1,98,000 shares while in Sungarner Energies IPO retail investors are offered 1,98,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Shoora Designs IPO and 0 shares in Sungarner Energies IPO.

	Shoora Designs IPO	Sungarner Energies IPO
Anchor Investor Reserveration
Market Maker Reserveration	27,000 shares	57,600 shares
QIB	0 shares	0 shares
NII	1,98,000 shares	2,91,200 shares
RII	1,98,000 shares	2,91,200 shares
Employee	0 shares	0 shares
Others
Total	3,96,000 shares	5,82,400 shares

Bids Received (Subscription)

Shoora Designs IPO subscribed 64.52x in total, whereas Sungarner Energies IPO subscribed 152.40x.

	Shoora Designs IPO	Sungarner Energies IPO
QIB (times)
NII (times)	34.68x	110.59x
Big NII (times)
Small NII (times)
RII (times)	93.73x	192.93x
Employee (times)
Other (times)
Total (times)	64.52x	152.40x

Compare with others

Shoora Designs IPO	Sungarner Energies IPO
Basilic Fly Studio IPO	Pramara Promotions IPO
C P S Shapers IPO	Saroja Pharma Industries IPO
Mono Pharmacare IPO	Basilic Fly Studio IPO
Sungarner Energies IPO	C P S Shapers IPO
Sahaj Fashions IPO	Mono Pharmacare IPO
Bondada Engineering IPO	Sahaj Fashions IPO
Crop Life Science IPO	Shoora Designs IPO
Shelter Pharma IPO	Bondada Engineering IPO
Sangani Hospitals IPO	Crop Life Science IPO
Yudiz Solutions IPO	Shelter Pharma IPO

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