Hi-Green Carbon IPO vs Sunita Tools IPO

Comparision between Hi-Green Carbon IPO and Sunita Tools IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Hi-Green Carbon IPO	Sunita Tools IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker	Spread X Securities Private Limited	Ss Corporate Securities 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 Hi-Green Carbon IPO is up to ₹52.80 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Sunita Tools IPO is ₹145.00 per share.

	Hi-Green Carbon IPO	Sunita Tools IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	59,90,000 shares	13,20,000 shares
Fresh Issue Size (Amount)	up to ₹44.93 Cr	up to ₹19.14 Cr
OFS Issue Size	10,50,000 shares	2,00,000 shares
OFS Issue Size (Amount)	up to ₹7.88 Cr	up to ₹2.90 Cr
Issue Size Total	70,40,000 shares	15,20,000 shares
Issue Size Total (Amount)	up to ₹52.80 Cr	up to ₹22.04 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Hi-Green Carbon IPO and Sunita Tools IPO is Sep 25, 2023, and Oct 03, 2023, respectively.

	Hi-Green Carbon IPO	Sunita Tools IPO
Anchor Bid Date	Sep 20, 2023
Issue Open	Sep 21, 2023	Sep 26, 2023
Issue Close	Sep 25, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Oct 05, 2023
Credit of Share (Tentative)	Oct 03, 2023	Oct 06, 2023
Listing date (Tentative)	Sep 28, 2023	Oct 11, 2023
Anchor Lockin End date 1	Oct 28, 2023	Nov 03, 2023
Anchor Lockin End date 2	Dec 27, 2023	Jan 02, 2024

Financials

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Sunita Tools IPO P/E ratio of 16.88.

Hi-Green Carbon IPO

Sunita Tools IPO

Financial

Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	3,310.91	3,424.36	4,387.83
Revenue	2,429.39	5,113.95	7,903.90
Profit After Tax	9.59	367.95	1,084.78
Net Worth	806.28	1,174.23	2,259.02
Reserves and Surplus	-1,093.72	-725.77	359.02
Total Borrowing	1,783.10	1,586.70	1,362.19

Amount in ₹ Lakhs

Sunita Tools IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,351.82	1,422.66	2,537.71
Revenue	691.50	888.88	1,417.33
Profit After Tax	26.66	80.99	337.71
Net Worth	-348.02	-267.02	320.69
Reserves and Surplus	-528.52	-447.52	-109.81
Total Borrowing	1,334.63	1,249.16	1,659.96

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

71.83%

72.97%

P/E Ratio

13.13

16.88

Market Cap

₹187.43 Cr.

₹81.56 Cr.

ROE

63.19%%

12.59%

ROCE

64.70%%

0.38%

Debt/Equity

0.6

5.17

EPS

₹5.71

₹13.96

RoNW

48.02%%

105.31%%

Shares Offered

In the Hi-Green Carbon IPO retail investors (RII) are offered 23,16,800 shares while in Sunita Tools IPO retail investors are offered 23,16,800 shares. Qualified institutional buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and 0 shares in Sunita Tools IPO.

	Hi-Green Carbon IPO	Sunita Tools IPO
Anchor Investor Reserveration	19,84,000 shares
Market Maker Reserveration	4,20,800 shares	78,000 shares
QIB	13,23,200 shares	0 shares
NII	9,93,600 shares	7,21,000 shares
RII	23,16,800 shares	7,21,000 shares
Employee	0 shares	0 shares
Others
Total	46,33,600 shares	14,42,000 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Sunita Tools IPO subscribed 13.24x.

	Hi-Green Carbon IPO	Sunita Tools IPO
QIB (times)	69.95x
NII (times)	236.76x	5.27x
Big NII (times)
Small NII (times)
RII (times)	196.35x	21.10x
Employee (times)
Other (times)
Total (times)	168.92x	13.24x

Compare with others

Hi-Green Carbon IPO	Sunita Tools IPO
Sunita Tools IPO	Newjaisa Technologies IPO
Marco Cables & Conductors IPO	Inspire Films IPO
Mangalam Alloys IPO	Goyal Salt IPO
Master Components IPO	Saakshi Medtech and Panels IPO
Techknowgreen Solutions IPO	Organic Recycling Systems IPO
Kody Technolab IPO	Marco Cables & Conductors IPO
Holmarc Opto-Mechatronics IPO	Mangalam Alloys IPO
Digikore Studios IPO	Master Components IPO
Madhusudan Masala IPO	Techknowgreen Solutions IPO
Cellecor Gadgets IPO	Hi-Green Carbon IPO

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