Saakshi Medtech and Panels IPO vs Sunita Tools IPO

Comparision between Saakshi Medtech and Panels IPO and Sunita Tools IPO.

IPO Details

Saakshi Medtech and Panels 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.

	Saakshi Medtech and Panels 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	Hem Securities Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease 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 Saakshi Medtech and Panels IPO is up to ₹45.16 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Saakshi Medtech and Panels IPO is ₹97.00 per share and of Sunita Tools IPO is ₹145.00 per share.

	Saakshi Medtech and Panels IPO	Sunita Tools IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹92.00 per share
Issue Price (Upper)	₹97.00 per share
Issue Price (Final)	₹97.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	46,56,000 shares	13,20,000 shares
Fresh Issue Size (Amount)	up to ₹45.16 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	46,56,000 shares	15,20,000 shares
Issue Size Total (Amount)	up to ₹45.16 Cr	up to ₹22.04 Cr

IPO Timetable

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

	Saakshi Medtech and Panels 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 03, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Oct 04, 2023	Oct 05, 2023
Credit of Share (Tentative)	Oct 05, 2023	Oct 06, 2023
Listing date (Tentative)	Oct 03, 2023	Oct 11, 2023
Anchor Lockin End date 1	Nov 02, 2023	Nov 03, 2023
Anchor Lockin End date 2	Jan 01, 2024	Jan 02, 2024

Financials

Saakshi Medtech and Panels IPO P/E ratio is 10.18, as compared to Sunita Tools IPO P/E ratio of 16.88.

Saakshi Medtech and Panels IPO

Sunita Tools IPO

Financial

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Revenue	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

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)

73.63%

72.97%

P/E Ratio

10.18

16.88

Market Cap

₹171.26 Cr.

₹81.56 Cr.

ROE

34.35%%

12.59%

ROCE

28.57%%

0.38%

Debt/Equity

0.48

5.17

EPS

₹9.53

₹13.96

RoNW

29.32%%

105.31%%

Shares Offered

In the Saakshi Medtech and Panels IPO retail investors (RII) are offered 15,48,000 shares while in Sunita Tools IPO retail investors are offered 15,48,000 shares. Qualified institutional buyers (QIB) are offered 8,84,400 shares in Saakshi Medtech and Panels IPO and 0 shares in Sunita Tools IPO.

	Saakshi Medtech and Panels IPO	Sunita Tools IPO
Anchor Investor Reserveration	13,24,800 shares
Market Maker Reserveration	2,35,200 shares	78,000 shares
QIB	8,84,400 shares	0 shares
NII	6,63,600 shares	7,21,000 shares
RII	15,48,000 shares	7,21,000 shares
Employee	0 shares	0 shares
Others
Total	30,96,000 shares	14,42,000 shares

Bids Received (Subscription)

Saakshi Medtech and Panels IPO subscribed 91.65x in total, whereas Sunita Tools IPO subscribed 13.24x.

	Saakshi Medtech and Panels IPO	Sunita Tools IPO
QIB (times)	37.35x
NII (times)	200.78x	5.27x
Big NII (times)
Small NII (times)
RII (times)	75.88x	21.10x
Employee (times)
Other (times)
Total (times)	91.65x	13.24x

Compare with others

Saakshi Medtech and Panels IPO	Sunita Tools IPO
Rajgor Castor Derivatives IPO	Newjaisa Technologies IPO
Arabian Petroleum IPO	Inspire Films IPO
Newjaisa Technologies IPO	Goyal Salt IPO
Inspire Films IPO	Saakshi Medtech and Panels IPO
Goyal Salt IPO	Organic Recycling Systems IPO
Organic Recycling Systems IPO	Marco Cables & Conductors IPO
Sunita Tools IPO	Mangalam Alloys IPO
Marco Cables & Conductors IPO	Master Components IPO
Mangalam Alloys IPO	Techknowgreen Solutions IPO
Master Components IPO	Hi-Green Carbon IPO

Comments

Add a public comment...