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Cosmic CRF IPO vs Sahana System IPO

Comparison between Cosmic CRF IPO and Sahana System IPO.

IPO Details

Cosmic CRF 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.

 Cosmic CRF IPOSahana System IPO
LogoCosmic CRF IPO LogoSahana System IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersHorizon Management Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarMAS Services Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.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 Cosmic CRF IPO is up to ₹54.35 Cr whereas the issue size of the Sahana System IPO is up to ₹31.05 Cr. The final issue price of Cosmic CRF IPO is ₹314.00 per share and of Sahana System IPO is ₹135.00 per share.

 Cosmic CRF IPOSahana System IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹298.00 per share₹132.00 per share
Issue Price (Upper)₹314.00 per share₹135.00 per share
Issue Price (Final)₹314.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size400 shares1000 shares
Fresh Issue Size17,30,800 shares23,00,000 shares
Fresh Issue Size (Amount)up to ₹54.35 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 Total17,30,800 shares23,00,000 shares
Issue Size Total (Amount)up to ₹54.35 Crup to ₹31.05 Cr

IPO Timetable

Cosmic CRF IPO opens on Jun 14, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Cosmic CRF IPO and Sahana System IPO is Jun 21, 2023, and Jun 02, 2023, respectively.

 Cosmic CRF IPOSahana System IPO
Anchor Bid Date
Issue OpenJun 14, 2023May 31, 2023
Issue CloseJun 21, 2023Jun 02, 2023
Basis Of Allotment (Tentative)Jun 26, 2023Jun 07, 2023
Initiation of Refunds (Tentative)Jun 27, 2023Jun 08, 2023
Credit of Share (Tentative)Jun 29, 2023Jun 09, 2023
Listing date (Tentative)Jun 30, 2023Jun 12, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Cosmic CRF IPO P/E ratio is 35.64, as compared to Sahana System IPO P/E ratio of 16.88.

 Cosmic CRF IPOSahana System IPO
Financials
Cosmic CRF Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-221,605.02-11.80873.10-11.80671.72
31-Mar-236,875.2412,149.31641.201,629.40629.403,151.33
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)98.4290.25
Promoter Shareholding (Post-Issue)72.52
P/E Ratio35.6416.88
Market Cap₹228.43 Cr.₹107.95 Cr.
ROE83.52%
ROCE61.05%
Debt/Equity0.44
EPS₹13.50₹11.48
RoNW39.3559.24%

Shares Offered

In the Cosmic CRF IPO Retail Individual Investors (RII) are offered 12,98,000 shares while in Sahana System IPO retail investors are offered 12,98,000 shares. Qualified Institutional Buyers (QIB) are offered 34,400 shares in Cosmic CRF IPO and 2,30,000 shares in Sahana System IPO.

 Cosmic CRF IPOSahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration91,200 shares1,25,000 shares
QIB34,400 shares2,30,000 shares
NII3,98,400 shares10,35,000 shares
RII12,98,000 shares10,35,000 shares
Employee
Others
Total17,30,800 shares23,00,000 shares

Bids Received (Subscription)

Cosmic CRF IPO subscribed 1.16x in total, whereas Sahana System IPO subscribed 9.99x.

 Cosmic CRF IPOSahana System IPO
QIB (times)3.76x9.70x
NII (times)2.76x7.07x
Big NII (times)
Small NII (times)
RII (times)0.60x12.97x
Employee (times)
Other (times)
Total (times)1.16x9.99x