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Newjaisa Technologies IPO vs Sunita Tools IPO

Comparision between Newjaisa Technologies IPO and Sunita Tools IPO.

IPO Details

Newjaisa Technologies 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.

  Newjaisa Technologies IPO Sunita Tools IPO
Logo Newjaisa Technologies IPO Logo 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 Indorient Financial Services Ltd Aryaman Financial Services Limited
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Market Maker Nikunj Stock Brokers 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 Newjaisa Technologies IPO is up to ₹39.93 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Sunita Tools IPO is ₹145.00 per share.

  Newjaisa Technologies IPO Sunita Tools IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹44.00 per share
Issue Price (Upper) ₹47.00 per share
Issue Price (Final) ₹47.00 per share ₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1000 shares
Fresh Issue Size 84,96,000 shares 13,20,000 shares
Fresh Issue Size (Amount) up to ₹39.93 Cr up to ₹19.14 Cr
OFS Issue Size 2,00,000 shares
OFS Issue Size (Amount) up to ₹2.90 Cr
Issue Size Total 84,96,000 shares 15,20,000 shares
Issue Size Total (Amount) up to ₹39.93 Cr up to ₹22.04 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Newjaisa Technologies IPO and Sunita Tools IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

  Newjaisa Technologies IPO Sunita Tools IPO
Anchor Bid Date Sep 22, 2023
Issue Open Sep 25, 2023 Sep 26, 2023
Issue Close Sep 27, 2023 Oct 03, 2023
Basis Of Allotment (Tentative) Oct 04, 2023 Oct 04, 2023
Initiation of Refunds (Tentative) Oct 05, 2023 Oct 05, 2023
Credit of Share (Tentative) Oct 06, 2023 Oct 06, 2023
Listing date (Tentative) Oct 05, 2023 Oct 11, 2023
Anchor Lockin End date 1 Nov 03, 2023 Nov 03, 2023
Anchor Lockin End date 2 Jan 02, 2024 Jan 02, 2024

Financials

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Sunita Tools IPO P/E ratio of 16.88.

  Newjaisa Technologies IPO Sunita Tools IPO
Financial
Newjaisa Technologies IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets337.99559.152,208.70
Revenue960.712,792.504,453.23
Profit After Tax73.36180.19675.57
Net Worth74.36254.55930.12
Reserves and Surplus73.36218.55894.12
Total Borrowing162.64181.82743.70
Amount in ₹ Lakhs
Sunita Tools IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,351.821,422.662,537.71
Revenue691.50888.881,417.33
Profit After Tax26.6680.99337.71
Net Worth-348.02-267.02320.69
Reserves and Surplus-528.52-447.52-109.81
Total Borrowing1,334.631,249.161,659.96
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 94.23% 100.00%
Promoter Shareholding (Post-Issue) 72.97%
P/E Ratio 15.51 16.88
Market Cap ₹151.26 Cr. ₹81.56 Cr.
ROE 72.63%% 12.59%
ROCE 72.63%% 0.38%
Debt/Equity 5.17
EPS ₹3.03 ₹13.96
RoNW 72.63%% 105.31%%

Shares Offered

In the Newjaisa Technologies IPO retail investors (RII) are offered 28,26,000 shares while in Sunita Tools IPO retail investors are offered 28,26,000 shares. Qualified institutional buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and 0 shares in Sunita Tools IPO.

  Newjaisa Technologies IPO Sunita Tools IPO
Anchor Investor Reserveration 24,18,000 shares
Market Maker Reserveration 4,26,000 shares 78,000 shares
QIB 16,14,000 shares 0 shares
NII 12,12,000 shares 7,21,000 shares
RII 28,26,000 shares 7,21,000 shares
Employee 0 shares 0 shares
Others
Total 56,52,000 shares 14,42,000 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 6.85x in total, whereas Sunita Tools IPO subscribed 13.24x.

  Newjaisa Technologies IPO Sunita Tools IPO
QIB (times) 1.02x
NII (times) 15.34x 5.27x
Big NII (times)
Small NII (times)
RII (times) 6.54x 21.10x
Employee (times)
Other (times)
Total (times) 6.85x 13.24x

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