Bondada Engineering IPO vs Sangani Hospitals IPO

Comparison between Bondada Engineering IPO and Sangani Hospitals IPO.

IPO Details

Bondada Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sangani Hospitals IPO is a SME Bookbuilding proposed to list at NSE SME.

	Bondada Engineering IPO	Sangani Hospitals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Vivro Financial Services Pvt.Ltd.	Unistone Capital Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Rikhav Securities Ltd.
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 Bondada Engineering IPO is up to ₹40.56 Cr whereas the issue size of the Sangani Hospitals IPO is up to ₹14.40 Cr. The final issue price of Bondada Engineering IPO is ₹75.00 per share and of Sangani Hospitals IPO is ₹40.00 per share.

	Bondada Engineering IPO	Sangani Hospitals 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)	₹75.00 per share	₹40.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	54,08,000 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹40.56 Cr	up to ₹14.40 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	54,08,000 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹40.56 Cr	up to ₹14.40 Cr

IPO Timetable

Bondada Engineering IPO opens on Aug 18, 2023, while Sangani Hospitals IPO opens on Aug 04, 2023. The closing date of Bondada Engineering IPO and Sangani Hospitals IPO is Aug 22, 2023, and Aug 08, 2023, respectively.

	Bondada Engineering IPO	Sangani Hospitals IPO
Anchor Bid Date
Issue Open	Aug 18, 2023	Aug 04, 2023
Issue Close	Aug 22, 2023	Aug 08, 2023
Basis Of Allotment (Tentative)	Aug 25, 2023	Aug 11, 2023
Initiation of Refunds (Tentative)	Aug 28, 2023	Aug 14, 2023
Credit of Share (Tentative)	Aug 29, 2023	Aug 16, 2023
Listing date (Tentative)	Aug 30, 2023	Aug 17, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Bondada Engineering IPO P/E ratio is 6.56, as compared to Sangani Hospitals IPO P/E ratio of 37.03.

Bondada Engineering IPO

Sangani Hospitals IPO

Financials

Bondada Engineering IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	17,091.69	15,761.73	25,115.46
Total Income	28,832.29	33,420.96	37,095.77
Profit After Tax	920.55	1,013.53	1,825.19
Net Worth	4,775.88	5,789.41	7,837.54
Reserves and Surplus	4,693.88	5,707.41	6,246.93
Total Borrowing	4,667.31	3,803.23	8,422.65

Amount in ₹ Lakhs

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
Total Income	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

Promoter Shareholding (Pre-Issue)

86.00

100.00

Promoter Shareholding (Post-Issue)

63.33

P/E Ratio

6.56

37.03

Market Cap

₹162.02 Cr.

₹55.11 Cr.

ROE

22.77%

ROCE

35.63%

11.26%

Debt/Equity

1.07

EPS

₹11.43

₹3.47

RoNW

22.77%

35.75%

Shares Offered

In the Bondada Engineering IPO Retail Individual Investors (RII) are offered 27,04,000 shares while in Sangani Hospitals IPO retail investors are offered 27,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Bondada Engineering IPO and 3,60,000 shares in Sangani Hospitals IPO.

	Bondada Engineering IPO	Sangani Hospitals IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	1,92,000 shares
QIB		3,60,000 shares
NII	27,04,000 shares	16,20,000 shares
RII	27,04,000 shares	16,20,000 shares
Employee
Others
Total	54,08,000 shares	36,00,000 shares

Bids Received (Subscription)

Bondada Engineering IPO subscribed 112.28x in total, whereas Sangani Hospitals IPO subscribed 4.54x.

	Bondada Engineering IPO	Sangani Hospitals IPO
QIB (times)		11.42x
NII (times)	115.46x	1.38x
Big NII (times)
Small NII (times)
RII (times)	100.05x	6.17x
Employee (times)
Other (times)
Total (times)	112.28x	4.54x

Compare with others

Bondada Engineering IPO	Sangani Hospitals IPO
C P S Shapers IPO	Sahaj Fashions IPO
Mono Pharmacare IPO	Shoora Designs IPO
Sungarner Energies IPO	Bondada Engineering IPO
Sahaj Fashions IPO	Crop Life Science IPO
Shoora Designs IPO	Shelter Pharma IPO
Crop Life Science IPO	Yudiz Solutions IPO
Shelter Pharma IPO	Zeal Global Services IPO
Sangani Hospitals IPO	Oriana Power IPO
Yudiz Solutions IPO	Innovatus Entertainment Networks IPO
Zeal Global Services IPO	Shri Techtex IPO