Dharmaj Crop Guard IPO vs Sah Polymers IPO

Comparison between Dharmaj Crop Guard IPO and Sah Polymers IPO.

IPO Details

Dharmaj Crop Guard 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 Dharmaj Crop Guard IPO is up to ₹251.09 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Dharmaj Crop Guard IPO is ₹237.00 per share and of Sah Polymers IPO is ₹65.00 per share.

 Dharmaj Crop Guard IPOSah Polymers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹216.00 per share₹61.00 per share
Issue Price (Upper)₹237.00 per share₹65.00 per share
Issue Price (Final)₹237.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹10.00 per share
Market Lot Size60 shares230 shares
Fresh Issue Size91,13,924 shares1,02,00,000 shares
Fresh Issue Size (Amount)up to ₹215.95 Crup to ₹66.30 Cr
OFS Issue Size14,83,000 shares0 shares
OFS Issue Size (Amount)up to ₹35.14 Crup to ₹0.00 Cr
Issue Size Total1,05,96,924 shares1,02,00,000 shares
Issue Size Total (Amount)up to ₹251.09 Crup to ₹66.30 Cr

IPO Timetable

Dharmaj Crop Guard IPO opens on Nov 28, 2022, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Dharmaj Crop Guard IPO and Sah Polymers IPO is Nov 30, 2022, and Jan 04, 2023, respectively.

 Dharmaj Crop Guard IPOSah Polymers IPO
Anchor Bid DateNov 25, 2022Dec 29, 2022
Issue OpenNov 28, 2022Dec 30, 2022
Issue CloseNov 30, 2022Jan 04, 2023
Basis Of Allotment (Tentative)Dec 05, 2022Jan 09, 2023
Initiation of Refunds (Tentative)Dec 06, 2022Jan 10, 2023
Credit of Share (Tentative)Dec 06, 2022Jan 11, 2023
Listing date (Tentative)Dec 08, 2022Jan 12, 2023
Anchor Lockin End date 1Jan 04, 2023Feb 08, 2023
Anchor Lockin End date 2Mar 05, 2023Apr 09, 2023

Financials & KPIs

Dharmaj Crop Guard IPO P/E ratio is 14.55, as compared to Sah Polymers IPO P/E ratio of 33.51.

 Dharmaj Crop Guard IPOSah Polymers IPO
Financials

Company Financials (Restated)

Period Ended31 Jul 202231 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets305.76219.55128.8792.5847.66
Total Income221.17396.29303.57199.17139.95
Profit After Tax18.3628.6920.9610.765.02
NET Worth101.1782.8256.1435.2210.46
Reserves and Surplus0.000.000.000.00
Total Borrowing51.5636.9326.9220.1820.35
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)100100
Promoter Shareholding (Post-Issue)68.6460.46
P/E Ratio14.5533.51
Market Cap₹801.00 Cr.₹167.67 Cr.
ROE34.6416.42
ROCE32.870.14
Debt/Equity0.43
EPS₹11.62₹2.81
RoNW34.6416.42

Shares Offered

In the Dharmaj Crop Guard IPO Retail Individual Investors (RII) are offered 36,89,674 shares while in Sah Polymers IPO retail investors are offered 36,89,674 shares. Qualified Institutional Buyers (QIB) are offered 21,08,421 shares in Dharmaj Crop Guard IPO and 30,60,000 shares in Sah Polymers IPO.

 Dharmaj Crop Guard IPOSah Polymers IPO
Anchor Investor Reservation31,62,540 shares45,90,000 shares
Market Maker Reservation
QIB21,08,421 shares30,60,000 shares
NII15,81,289 shares15,30,000 shares
RII36,89,674 shares10,20,000 shares
Employee55,000 shares
Others
Total1,05,96,924 shares1,02,00,000 shares

Bids Received (Subscription)

Dharmaj Crop Guard IPO subscribed 35.49x in total, whereas Sah Polymers IPO subscribed 17.46x.

 Dharmaj Crop Guard IPOSah Polymers IPO
QIB (times)48.21x2.40x
NII (times)52.29x32.69x
Big NII (times)52.97x33.94x
Small NII (times)50.93x30.20x
RII (times)21.53x39.78x
Employee (times)7.48x
Other (times)
Total (times)35.49x17.46x

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