Bondada Engineering IPO vs Shoora Designs IPO

Comparison between Bondada Engineering IPO and Shoora Designs IPO.

IPO Details

Bondada Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shoora Designs IPO is a SME Fixed Price proposed to list at BSE SME.

	Bondada Engineering IPO	Shoora Designs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	BSE SME
Lead Managers	Vivro Financial Services Pvt.Ltd.	Swaraj shares & securities Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Kfin Technologies 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 Shoora Designs IPO is up to ₹1.90 Cr. The final issue price of Bondada Engineering IPO is ₹75.00 per share and of Shoora Designs IPO is ₹48.00 per share.

	Bondada Engineering IPO	Shoora Designs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹75.00 per share	₹48.00 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	3,96,000 shares
Fresh Issue Size (Amount)	up to ₹40.56 Cr	up to ₹1.90 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	3,96,000 shares
Issue Size Total (Amount)	up to ₹40.56 Cr	up to ₹1.90 Cr

IPO Timetable

Bondada Engineering IPO opens on Aug 18, 2023, while Shoora Designs IPO opens on Aug 17, 2023. The closing date of Bondada Engineering IPO and Shoora Designs IPO is Aug 22, 2023, and Aug 21, 2023, respectively.

	Bondada Engineering IPO	Shoora Designs IPO
Anchor Bid Date
Issue Open	Aug 18, 2023	Aug 17, 2023
Issue Close	Aug 22, 2023	Aug 21, 2023
Basis Of Allotment (Tentative)	Aug 25, 2023	Aug 24, 2023
Initiation of Refunds (Tentative)	Aug 28, 2023	Aug 25, 2023
Credit of Share (Tentative)	Aug 29, 2023	Aug 28, 2023
Listing date (Tentative)	Aug 30, 2023	Aug 29, 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 Shoora Designs IPO P/E ratio of 35.82.

Bondada Engineering IPO

Shoora Designs 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

Shoora Designs IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	0.75	15.03	168.99
Total Income		16.26	210.61
Profit After Tax	-0.50	3.91	11.46
Net Worth	0.50	4.41	158.59
Reserves and Surplus	-0.50	3.41	51.02
Total Borrowing			0.30

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.00

100.00

Promoter Shareholding (Post-Issue)

63.33

71.77

P/E Ratio

6.56

35.82

Market Cap

₹162.02 Cr.

₹7.19 Cr.

ROE

22.77%

14.06%

ROCE

35.63%

9.89%

Debt/Equity

1.07

EPS

₹11.43

₹1.34

RoNW

22.77%

7.22%

Shares Offered

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

	Bondada Engineering IPO	Shoora Designs IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	27,000 shares
QIB
NII	27,04,000 shares	1,98,000 shares
RII	27,04,000 shares	1,98,000 shares
Employee
Others
Total	54,08,000 shares	3,96,000 shares

Bids Received (Subscription)

Bondada Engineering IPO subscribed 112.28x in total, whereas Shoora Designs IPO subscribed 64.52x.

	Bondada Engineering IPO	Shoora Designs IPO
QIB (times)
NII (times)	115.46x	34.68x
Big NII (times)
Small NII (times)
RII (times)	100.05x	93.73x
Employee (times)
Other (times)
Total (times)	112.28x	64.52x

Compare with others

Bondada Engineering IPO	Shoora Designs IPO
C P S Shapers IPO	Basilic Fly Studio IPO
Mono Pharmacare IPO	C P S Shapers IPO
Sungarner Energies IPO	Mono Pharmacare IPO
Sahaj Fashions IPO	Sungarner Energies IPO
Shoora Designs IPO	Sahaj Fashions IPO
Crop Life Science IPO	Bondada Engineering IPO
Shelter Pharma IPO	Crop Life Science IPO
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Yudiz Solutions IPO	Sangani Hospitals IPO
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