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Sadhav Shipping IPO vs Zenith Drugs IPO

Comparision between Sadhav Shipping IPO and Zenith Drugs IPO.

IPO Details

Sadhav Shipping IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Book Built Issue proposed to list at NSE SME.

  Sadhav Shipping IPO Zenith Drugs IPO
Logo Sadhav Shipping IPO Logo Zenith Drugs IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Isk Advisors Pvt Ltd Gretex Corporate Services Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Sunflower Broking Private Limited Gretex Share Broking 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 Sadhav Shipping IPO is up to ₹38.18 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

  Sadhav Shipping IPO Zenith Drugs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹75.00 per share
Issue Price (Upper) ₹79.00 per share
Issue Price (Final) ₹95.00 per share ₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 40,18,800 shares 51,48,800 shares
Fresh Issue Size (Amount) up to ₹38.18 Cr up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 40,18,800 shares 51,48,800 shares
Issue Size Total (Amount) up to ₹38.18 Cr up to ₹40.68 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Sadhav Shipping IPO and Zenith Drugs IPO is Feb 27, 2024, and Feb 22, 2024, respectively.

  Sadhav Shipping IPO Zenith Drugs IPO
Anchor Bid Date Feb 16, 2024
Issue Open Feb 23, 2024 Feb 19, 2024
Issue Close Feb 27, 2024 Feb 22, 2024
Basis Of Allotment (Tentative) Feb 28, 2024 Feb 23, 2024
Initiation of Refunds (Tentative) Feb 29, 2024 Feb 26, 2024
Credit of Share (Tentative) Feb 29, 2024 Feb 26, 2024
Listing date (Tentative) Mar 01, 2024 Feb 27, 2024
Anchor Lockin End date 1 Mar 24, 2024
Anchor Lockin End date 2 May 23, 2024

Financials

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Zenith Drugs IPO P/E ratio of 18.4.

  Sadhav Shipping IPO Zenith Drugs IPO
Financial

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets13,113.4911,628.716,909.446,117.64
Revenue3,385.697,890.596,977.946,123.67
Profit After Tax406.97775.44300.93330.77
Net Worth4,501.444,094.463,503.513,205.61
Reserves and Surplus4,206.183,799.213,208.262,910.36
Total Borrowing6,681.845,527.452,083.081,776.04
Amount in ₹ Lakhs

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets11,249.049,793.836,858.47
Revenue6,948.4311,569.659,266.63
Profit After Tax539.38515.29312.86
Net Worth2,264.961,724.421,209.09
Reserves and Surplus1,064.961,684.421,169.09
Total Borrowing2,902.812,605.031,880.86
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 96.44% 100.00%
Promoter Shareholding (Post-Issue) 69.44% 69.98%
P/E Ratio 12.66 18.4
Market Cap ₹136.35 Cr. ₹135.48 Cr.
ROE 20.41%% 35.13%%
ROCE 14.36%% 37.29%%
Debt/Equity 1.51
EPS ₹7.50 ₹4.29
RoNW 18.94%% 29.88%%

Shares Offered

In the Sadhav Shipping IPO retail investors (RII) are offered 19,08,000 shares while in Zenith Drugs IPO retail investors are offered 19,08,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sadhav Shipping IPO and 8,59,200 shares in Zenith Drugs IPO.

  Sadhav Shipping IPO Zenith Drugs IPO
Anchor Investor Reserveration 12,88,000 shares
Market Maker Reserveration 2,02,800 shares 8,52,800 shares
QIB 0 shares 8,59,200 shares
NII 19,08,000 shares 6,44,800 shares
RII 19,08,000 shares 15,04,000 shares
Employee 0 shares 0 shares
Others
Total 38,16,000 shares 30,08,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 135.69x in total, whereas Zenith Drugs IPO subscribed 179.18x.

  Sadhav Shipping IPO Zenith Drugs IPO
QIB (times) 106.72x
NII (times) 184.58x 368.77x
Big NII (times)
Small NII (times)
RII (times) 65.52x 139.28x
Employee (times)
Other (times)
Total (times) 135.69x 179.18x

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