Effwa Infra IPO vs Sahaj Solar IPO

Comparison between Effwa Infra IPO and Sahaj Solar IPO.

IPO Details

Effwa Infra IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sahaj Solar IPO is a SME Bookbuilding proposed to list at NSE SME.

	Effwa Infra IPO	Sahaj Solar IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	Kunvarji Finstock Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Rikhav Securities Ltd.	Aftertrade Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Effwa Infra IPO is up to ₹48.61 Cr whereas the issue size of the Sahaj Solar IPO is up to ₹49.89 Cr. The final issue price of Effwa Infra IPO is ₹82.00 per share and of Sahaj Solar IPO is ₹180.00 per share.

	Effwa Infra IPO	Sahaj Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹78.00 per share	₹171.00 per share
Issue Price (Upper)	₹82.00 per share	₹180.00 per share
Issue Price (Final)	₹82.00 per share	₹180.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹15.00 per share
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	49,92,000 shares	27,73,600 shares
Fresh Issue Size (Amount)	up to ₹40.93 Cr	up to ₹49.89 Cr
OFS Issue Size	9,36,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹7.68 Cr	up to ₹0.00 Cr
Issue Size Total	59,28,000 shares	27,73,600 shares
Issue Size Total (Amount)	up to ₹48.61 Cr	up to ₹49.89 Cr

IPO Timetable

Effwa Infra IPO opens on Jul 05, 2024, while Sahaj Solar IPO opens on Jul 11, 2024. The closing date of Effwa Infra IPO and Sahaj Solar IPO is Jul 09, 2024, and Jul 15, 2024, respectively.

	Effwa Infra IPO	Sahaj Solar IPO
Anchor Bid Date	Jul 04, 2024	Jul 10, 2024
Issue Open	Jul 05, 2024	Jul 11, 2024
Issue Close	Jul 09, 2024	Jul 15, 2024
Basis Of Allotment (Tentative)	Jul 10, 2024	Jul 16, 2024
Initiation of Refunds (Tentative)	Jul 11, 2024	Jul 18, 2024
Credit of Share (Tentative)	Jul 11, 2024	Jul 18, 2024
Listing date (Tentative)	Jul 12, 2024	Jul 19, 2024
Anchor Lockin End date 1	Aug 09, 2024	Aug 15, 2024
Anchor Lockin End date 2	Oct 08, 2024	Oct 14, 2024

Financials & KPIs

Effwa Infra IPO P/E ratio is 10.59, as compared to Sahaj Solar IPO P/E ratio of 10.86.

Effwa Infra IPO

Sahaj Solar IPO

Financials

Effwa Infra & Research Limited Financial Information (Restated)

Effwa Infra & Research Limited's revenue increased by 26.08% and profit after tax (PAT) rose by 169% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,302.83	6,478.54	4,648.21
Total Income	14,551.46	11,541.36	10,461.67
Profit After Tax	1,380.06	513.04	459.99
Net Worth	3,715.05	2,355.89	1,842.85
Reserves and Surplus	1,932.01	2,123.32	1,610.28
Total Borrowing	1,406.44	1,623.01	1,026.11
Amount in ₹ Lakhs

Sahaj Solar Limited Financial Information (Restated Consolidated)

Sahaj Solar Limited's revenue increased by 8.56% and profit after tax (PAT) rose by 106.25% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,936.40	9,081.50	6,103.22	3,463.94
Total Income	20,171.55	18,580.48	6,728.95	6,218.78
Profit After Tax	1,337.29	648.37	102.50	70.58
Net Worth	3,293.12	1,637.30	1,002.05	922.01
Reserves and Surplus	2,496.78	859.22	479.99	405.40
Total Borrowing	5,680.86	1,361.97	1,711.35	1,502.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

97.09

Promoter Shareholding (Post-Issue)

72.99

71.28

P/E Ratio

10.59

10.86

Market Cap

₹189.81 Cr.

₹197.75 Cr.

ROE

45.46%

39.96%

ROCE

40.99%

26.47%

Debt/Equity

0.38

EPS

₹7.74

₹16.58

RoNW

37.15%

39.96%

Shares Offered

In the Effwa Infra IPO Retail Individual Investors (RII) are offered 20,91,200 shares while in Sahaj Solar IPO retail investors are offered 20,91,200 shares. Qualified Institutional Buyers (QIB) are offered 11,68,000 shares in Effwa Infra IPO and 5,50,400 shares in Sahaj Solar IPO.

	Effwa Infra IPO	Sahaj Solar IPO
Anchor Investor Reserveration	17,48,800 shares	8,24,000 shares
Market Maker Reserveration	3,24,800 shares	1,46,400 shares
QIB	11,68,000 shares	5,50,400 shares
NII	9,20,000 shares	4,12,800 shares
RII	20,91,200 shares	9,62,400 shares
Employee		24,000 shares
Others
Total	59,28,000 shares	27,73,600 shares

Bids Received (Subscription)

Effwa Infra IPO subscribed 313.65x in total, whereas Sahaj Solar IPO subscribed 507.21x.

	Effwa Infra IPO	Sahaj Solar IPO
QIB (times)	166.56x	214.27x
NII (times)	477.27x	862.35x
Big NII (times)
Small NII (times)
RII (times)	323.81x	535.03x
Employee (times)
Other (times)
Total (times)	313.65x	507.21x

Compare with others

Effwa Infra IPO	Sahaj Solar IPO
Prizor Viztech IPO	SAR Televenture FPO
Sati Poly Plast IPO	Tunwal E-Motors IPO
Sahaj Solar IPO	Three M Paper Boards IPO
Aelea Commodities IPO	Prizor Viztech IPO
Ganesh Green Bharat IPO	Sati Poly Plast IPO
Ambey Laboratories IPO	Aelea Commodities IPO
Nephro Care IPO	Ganesh Green Bharat IPO
Diensten Tech IPO	Effwa Infra IPO
Visaman Global Sales IPO	Ambey Laboratories IPO
Mason Infratech IPO	Nephro Care IPO