Sai Swami Metals and Alloys IPO vs Winsol Engineers IPO

Comparision between Sai Swami Metals and Alloys IPO and Winsol Engineers IPO.

IPO Details

Sai Swami Metals and Alloys IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Winsol Engineers IPO is a SME Book Built Issue proposed to list at NSE SME.

	Sai Swami Metals and Alloys IPO	Winsol Engineers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Sunflower Broking Private Limited	Spread X Securities Private 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 Sai Swami Metals and Alloys IPO is up to ₹15.00 Cr whereas the issue size of the Winsol Engineers IPO is up to ₹23.36 Cr. The final issue price of Sai Swami Metals and Alloys IPO is ₹60.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

	Sai Swami Metals and Alloys IPO	Winsol Engineers 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)	₹60.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	25,00,000 shares	31,15,200 shares
Fresh Issue Size (Amount)	up to ₹15.00 Cr	up to ₹23.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,00,000 shares	31,15,200 shares
Issue Size Total (Amount)	up to ₹15.00 Cr	up to ₹23.36 Cr

IPO Timetable

Sai Swami Metals and Alloys IPO opens on Apr 30, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of Sai Swami Metals and Alloys IPO and Winsol Engineers IPO is May 03, 2024, and May 09, 2024, respectively.

	Sai Swami Metals and Alloys IPO	Winsol Engineers IPO
Anchor Bid Date		May 03, 2024
Issue Open	Apr 30, 2024	May 06, 2024
Issue Close	May 03, 2024	May 09, 2024
Basis Of Allotment (Tentative)	May 06, 2024	May 10, 2024
Initiation of Refunds (Tentative)	May 07, 2024	May 13, 2024
Credit of Share (Tentative)	May 07, 2024	May 13, 2024
Listing date (Tentative)	May 08, 2024	May 14, 2024
Anchor Lockin End date 1		Jun 09, 2024
Anchor Lockin End date 2		Aug 08, 2024

Financials

Sai Swami Metals and Alloys IPO P/E ratio is 11.34, as compared to Winsol Engineers IPO P/E ratio of 12.19.

Sai Swami Metals and Alloys IPO

Winsol Engineers IPO

Financial

Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)

Period Ended	31 Dec 2023	31 Mar 2023
Assets	2,617.31	2,583.16
Revenue	3,333.86	626.76
Profit After Tax	179.52	3.83
Net Worth	664.47	35.32
Reserves and Surplus	252.70	34.32
Total Borrowing	743.16	610.23
Amount in ₹ Lakhs

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,565.34	2,856.01	2,764.80	1,816.83
Revenue	5,202.28	6,544.53	6,080.00	2,224.58
Profit After Tax	677.26	518.07	108.46	49.44
Net Worth	1,527.15	873.89	343.93	238.55
Reserves and Surplus	685.15	871.89	341.93	236.55
Total Borrowing	846.76	1,058.84	928.90	814.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.88%

100.00%

Promoter Shareholding (Post-Issue)

62.15%

72.99%

P/E Ratio

11.34

12.19

Market Cap

₹39.71 Cr.

₹86.51 Cr.

ROE

22.33%%

ROCE

11.71%%

Debt/Equity

0.55

EPS

₹5.29

₹6.15

RoNW

27.02%%

44.35%%

Shares Offered

In the Sai Swami Metals and Alloys IPO retail investors (RII) are offered 11,86,000 shares while in Winsol Engineers IPO retail investors are offered 11,86,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sai Swami Metals and Alloys IPO and 5,93,600 shares in Winsol Engineers IPO.

	Sai Swami Metals and Alloys IPO	Winsol Engineers IPO
Anchor Investor Reserveration		8,83,200 shares
Market Maker Reserveration	1,28,000 shares	1,58,400 shares
QIB	0 shares	5,93,600 shares
NII	11,86,000 shares	4,44,800 shares
RII	11,86,000 shares	10,35,200 shares
Employee	0 shares	0 shares
Others
Total	23,72,000 shares	20,73,600 shares

Bids Received (Subscription)

Sai Swami Metals and Alloys IPO subscribed 543.72x in total, whereas Winsol Engineers IPO subscribed 682.14x.

	Sai Swami Metals and Alloys IPO	Winsol Engineers IPO
QIB (times)		207.23x
NII (times)	533.83x	1,087.81x
Big NII (times)
Small NII (times)
RII (times)	529.01x	780.15x
Employee (times)
Other (times)
Total (times)	543.72x	682.14x

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Sai Swami Metals and Alloys IPO	Winsol Engineers IPO
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