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Bizotic Commercial IPO vs Sahana System IPO

Comparison between Bizotic Commercial IPO and Sahana System IPO.

IPO Details

Bizotic Commercial IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sahana System IPO is a SME Bookbuilding proposed to list at NSE SME.

 Bizotic Commercial IPOSahana System IPO
LogoBizotic Commercial IPO LogoSahana System IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersInteractive Financial Services Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerBeeline Broking Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bizotic Commercial IPO is up to ₹40.10 Cr whereas the issue size of the Sahana System IPO is up to ₹31.05 Cr. The final issue price of Bizotic Commercial IPO is ₹175.00 per share and of Sahana System IPO is ₹135.00 per share.

 Bizotic Commercial IPOSahana System IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹132.00 per share
Issue Price (Upper)₹135.00 per share
Issue Price (Final)₹175.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares1000 shares
Fresh Issue Size22,91,200 shares23,00,000 shares
Fresh Issue Size (Amount)up to ₹40.10 Crup to ₹31.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,91,200 shares23,00,000 shares
Issue Size Total (Amount)up to ₹40.10 Crup to ₹31.05 Cr

IPO Timetable

Bizotic Commercial IPO opens on Jun 12, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Bizotic Commercial IPO and Sahana System IPO is Jun 15, 2023, and Jun 02, 2023, respectively.

 Bizotic Commercial IPOSahana System IPO
Anchor Bid Date
Issue OpenJun 12, 2023May 31, 2023
Issue CloseJun 15, 2023Jun 02, 2023
Basis Of Allotment (Tentative)Jun 20, 2023Jun 07, 2023
Initiation of Refunds (Tentative)Jun 21, 2023Jun 08, 2023
Credit of Share (Tentative)Jun 22, 2023Jun 09, 2023
Listing date (Tentative)Jun 23, 2023Jun 12, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Bizotic Commercial IPO P/E ratio is 36.38, as compared to Sahana System IPO P/E ratio of 16.88.

 Bizotic Commercial IPOSahana System IPO
Financials
Bizotic Commercial Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,102.041,113.9716.3429.5228.52
31-Mar-211,897.651,679.9734.0863.6062.60
31-Mar-223,738.375,341.9859.57123.17122.17256.48
31-Dec-223,972.953,749.41290.28865.52302.72369.40
Amount in ₹ Lakhs
Sahana System Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-21772.93331.4716.4417.4416.44723.25
31-Mar-221,498.911,217.39141.18452.06142.53512.59
31-Mar-232,417.822,414.23639.641,079.71522.56477.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10090.25
Promoter Shareholding (Post-Issue)
P/E Ratio36.3816.88
Market Cap₹140.70 Cr.₹107.95 Cr.
ROE83.52%
ROCE61.05%
Debt/Equity0.44
EPS₹0.82₹11.48
RoNW51.27%59.24%

Shares Offered

In the Bizotic Commercial IPO Retail Individual Investors (RII) are offered 11,45,600 shares while in Sahana System IPO retail investors are offered 11,45,600 shares. Qualified Institutional Buyers (QIB) are offered in Bizotic Commercial IPO and 2,30,000 shares in Sahana System IPO.

 Bizotic Commercial IPOSahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration1,20,800 shares1,25,000 shares
QIB2,30,000 shares
NII11,45,600 shares10,35,000 shares
RII11,45,600 shares10,35,000 shares
Employee
Others
Total22,91,200 shares23,00,000 shares

Bids Received (Subscription)

Bizotic Commercial IPO subscribed 1.87x in total, whereas Sahana System IPO subscribed 9.99x.

 Bizotic Commercial IPOSahana System IPO
QIB (times)9.70x
NII (times)2.00x7.07x
Big NII (times)
Small NII (times)
RII (times)1.74x12.97x
Employee (times)
Other (times)
Total (times)1.87x9.99x