Sangani Hospitals IPO vs Zeal Global Services IPO

Comparision between Sangani Hospitals IPO and Zeal Global Services IPO.

IPO Details

Sangani Hospitals IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sangani Hospitals IPO	Zeal Global Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Rikhav Securities Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sangani Hospitals IPO is up to ₹15.17 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹36.46 Cr. The final issue price of Sangani Hospitals IPO is ₹40.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

	Sangani Hospitals IPO	Zeal Global Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹37.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	37,92,000 shares	35,40,000 shares
Fresh Issue Size (Amount)	up to ₹15.17 Cr	up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,92,000 shares	35,40,000 shares
Issue Size Total (Amount)	up to ₹15.17 Cr	up to ₹36.46 Cr

IPO Timetable

Sangani Hospitals IPO opens on Aug 04, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Sangani Hospitals IPO and Zeal Global Services IPO is Aug 08, 2023, and Aug 01, 2023, respectively.

	Sangani Hospitals IPO	Zeal Global Services IPO
Anchor Bid Date
Issue Open	Aug 04, 2023	Jul 28, 2023
Issue Close	Aug 08, 2023	Aug 01, 2023
Basis Of Allotment (Tentative)	Aug 11, 2023	Aug 04, 2023
Initiation of Refunds (Tentative)	Aug 14, 2023	Aug 07, 2023
Credit of Share (Tentative)	Aug 16, 2023	Aug 08, 2023
Listing date (Tentative)	Aug 17, 2023	Aug 09, 2023
Anchor Lockin End date 1	Sep 10, 2023	Sep 03, 2023
Anchor Lockin End date 2	Nov 09, 2023	Nov 02, 2023

Financials

Sangani Hospitals IPO P/E ratio is 37.03, as compared to Zeal Global Services IPO P/E ratio of 13.83.

Sangani Hospitals IPO

Zeal Global Services IPO

Financial

Sangani Hospitals IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	330.36	299.20	705.45	1,959.01
Revenue	446.47	498.21	420.63	1,576.24
Profit After Tax	22.81	79.06	105.35	148.37
Net Worth	183.35	168.79	501.60	1,797.29
Reserves and Surplus		168.83	106.78	798.79
Total Borrowing	34.72	34.57		10.08

Amount in ₹ Lakhs

Zeal Global Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,203.03	7,671.09	133.60	435.76	375.76	258.00
31-Mar-21	1,893.07	6,094.93	169.61	603.09	543.09	171.41
31-Mar-22	3,194.82	12,127.77	524.30	1,277.22	1,081.82	194.32
31-Jan-23	4,969.26	9,505.38	826.65	2,115.61	1,920.21	1,243.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.40%

P/E Ratio

37.03

13.83

Market Cap

₹55.11 Cr.

₹137.09 Cr.

ROE

39.07%%

ROCE

11.26%%

0.56%

Debt/Equity

0.59

EPS

₹3.47

₹8.46

RoNW

35.75%%

48.73%%

Shares Offered

In the Sangani Hospitals IPO retail investors (RII) are offered 16,20,000 shares while in Zeal Global Services IPO retail investors are offered 16,20,000 shares. Qualified institutional buyers (QIB) are offered 3,60,000 shares in Sangani Hospitals IPO and 0 shares in Zeal Global Services IPO.

	Sangani Hospitals IPO	Zeal Global Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,92,000 shares	1,77,600 shares
QIB	3,60,000 shares	0 shares
NII	16,20,000 shares	16,80,000 shares
RII	16,20,000 shares	16,82,400 shares
Employee	0 shares	0 shares
Others
Total	36,00,000 shares	33,62,400 shares

Bids Received (Subscription)

Sangani Hospitals IPO subscribed 4.54x in total, whereas Zeal Global Services IPO subscribed 4.06x.

	Sangani Hospitals IPO	Zeal Global Services IPO
QIB (times)	11.42x
NII (times)	1.38x	4.26x
Big NII (times)
Small NII (times)
RII (times)	6.17x	3.85x
Employee (times)
Other (times)
Total (times)	4.54x	4.06x

Compare with others

Sangani Hospitals IPO	Zeal Global Services IPO
Sahaj Fashions IPO	Bondada Engineering IPO
Shoora Designs IPO	Crop Life Science IPO
Bondada Engineering IPO	Shelter Pharma IPO
Crop Life Science IPO	Sangani Hospitals IPO
Shelter Pharma IPO	Yudiz Solutions IPO
Yudiz Solutions IPO	Oriana Power IPO
Zeal Global Services IPO	Innovatus Entertainment Networks IPO
Oriana Power IPO	Shri Techtex IPO
Innovatus Entertainment Networks IPO	Vinsys IT Services IPO
Shri Techtex IPO	Yasons Chemex Care IPO

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