Abans Holdings IPO vs Sah Polymers IPO

Comparison between Abans Holdings IPO and Sah Polymers IPO.

IPO Details

Abans Holdings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sah Polymers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Abans Holdings IPO is up to ₹345.60 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Sah Polymers IPO is ₹65.00 per share.

 Abans Holdings IPOSah Polymers IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹256.00 per share₹61.00 per share
Issue Price (Upper)₹270.00 per share₹65.00 per share
Issue Price (Final)₹270.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size55 shares230 shares
Fresh Issue Size38,00,000 shares1,02,00,000 shares
Fresh Issue Size (Amount)up to ₹102.60 Crup to ₹66.30 Cr
OFS Issue Size90,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹243.00 Crup to ₹0.00 Cr
Issue Size Total1,28,00,000 shares1,02,00,000 shares
Issue Size Total (Amount)up to ₹345.60 Crup to ₹66.30 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Abans Holdings IPO and Sah Polymers IPO is Dec 15, 2022, and Jan 04, 2023, respectively.

 Abans Holdings IPOSah Polymers IPO
Anchor Bid DateDec 29, 2022
Issue OpenDec 12, 2022Dec 30, 2022
Issue CloseDec 15, 2022Jan 04, 2023
Basis Of Allotment (Tentative)Dec 20, 2022Jan 09, 2023
Initiation of Refunds (Tentative)Dec 21, 2022Jan 10, 2023
Credit of Share (Tentative)Dec 22, 2022Jan 11, 2023
Listing date (Tentative)Dec 23, 2022Jan 12, 2023
Anchor Lockin End date 1Feb 08, 2023
Anchor Lockin End date 2Apr 09, 2023

Financials & KPIs

Abans Holdings IPO P/E ratio is 18.96, as compared to Sah Polymers IPO P/E ratio of 33.51.

 Abans Holdings IPOSah Polymers IPO
Financials

Company Financials (Restated)

Period Ended31 Aug 202231 Mar 202231 Mar 202131 Mar 2020
Assets1,230.721,168.691,181.511,212.98
Total Income288.31646.231,331.372,771.88
Profit After Tax29.7461.9745.8039.22
NET Worth678.17631.11561.95499.55
Reserves and Surplus0.000.000.000.00
Total Borrowing76.9285.90267.39318.79
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets75.3568.6740.5835.93
Total Income27.5981.2355.3449.91
Profit After Tax1.254.381.270.30
NET Worth27.7426.6520.0918.81
Reserves and Surplus0.000.000.000.00
Total Borrowing33.1530.5413.7910.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.42100
Promoter Shareholding (Post-Issue)72.0960.46
P/E Ratio18.9633.51
Market Cap₹1353.94 Cr.₹167.67 Cr.
ROE916.42
ROCE110.14
Debt/Equity0.12
EPS₹13.37₹2.81
RoNW9.0116.42

Shares Offered

In the Abans Holdings IPO Retail Individual Investors (RII) are offered 76,80,000 shares while in Sah Polymers IPO retail investors are offered 76,80,000 shares. Qualified Institutional Buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 30,60,000 shares in Sah Polymers IPO.

 Abans Holdings IPOSah Polymers IPO
Anchor Investor Reservation45,90,000 shares
Market Maker Reservation
QIB12,80,000 shares30,60,000 shares
NII38,40,000 shares15,30,000 shares
RII76,80,000 shares10,20,000 shares
Employee
Others
Total1,28,00,000 shares1,02,00,000 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Sah Polymers IPO subscribed 17.46x.

 Abans Holdings IPOSah Polymers IPO
QIB (times)4.10x2.40x
NII (times)1.48x32.69x
Big NII (times)2.15x33.94x
Small NII (times)0.13x30.20x
RII (times)0.40x39.78x
Employee (times)
Other (times)
Total (times)1.10x17.46x

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