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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 Saakshi Medtech and Panels 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 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 Ended31 Mar 202131 Mar 202231 Mar 2023
Assets5,591.506,521.919,324.22
Revenue6,022.179,169.3512,220.19
Profit After Tax220.08937.591,238.30
Net Worth2,048.172,985.774,224.07
Reserves and Surplus1,788.172,725.773,964.07
Total Borrowing2,199.441,635.782,007.45
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) 100.00% 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

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