Gajanand International IPO vs Share Samadhan IPO

Comparison between Gajanand International IPO and Share Samadhan IPO.

IPO Details

Gajanand International IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Share Samadhan IPO is a SME Bookbuilding proposed to list at BSE SME.

	Gajanand International IPO	Share Samadhan IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Fast Track Finsec Pvt.Ltd.	Narnolia Financial Services Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Gajanand International IPO is up to ₹19.61 Cr whereas the issue size of the Share Samadhan IPO is up to ₹22.85 Cr. The final issue price of Gajanand International IPO is ₹36.00 per share and of Share Samadhan IPO is ₹74.00 per share.

	Gajanand International IPO	Share Samadhan IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹70.00 per share
Issue Price (Upper)		₹74.00 per share
Issue Price (Final)	₹36.00 per share	₹74.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	54,48,000 shares	30,88,000 shares
Fresh Issue Size (Amount)	up to ₹19.61 Cr	up to ₹22.85 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	54,48,000 shares	30,88,000 shares
Issue Size Total (Amount)	up to ₹19.61 Cr	up to ₹22.85 Cr

IPO Timetable

Gajanand International IPO opens on Sep 09, 2024, while Share Samadhan IPO opens on Sep 09, 2024. The closing date of Gajanand International IPO and Share Samadhan IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

	Gajanand International IPO	Share Samadhan IPO
Anchor Bid Date		Sep 06, 2024
Issue Open	Sep 09, 2024	Sep 09, 2024
Issue Close	Sep 11, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 16, 2024
Anchor Lockin End date 1		Oct 12, 2024
Anchor Lockin End date 2		Dec 11, 2024

Financials & KPIs

Gajanand International IPO P/E ratio is 21.08, as compared to Share Samadhan IPO P/E ratio of 17.07.

Gajanand International IPO

Share Samadhan IPO

Financials

Gajanand International Limited Financial Information (Restated)

Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% 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	3,931.1	1,900.58	1,944.36
Total Income	10,874.81	7,342.4	6,176.21
Profit After Tax	223.73	141.06	2.85
Net Worth	1,771.36	547.62	406.57
Reserves and Surplus	461.4	505.75	364.7
Total Borrowing	1,207.07	1,179.48	1,465.28
Amount in ₹ Lakhs

Share Samadhan Limited Financial Information (Restated Consolidated)

Share Samadhan Limited's revenue increased by 261% and profit after tax (PAT) rose by 716% 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	1,422.31	478.88	425.54
Total Income	996.13	276.14	242.14
Profit After Tax	391.01	47.92	60.7
Net Worth	1,128.79	359.27	313.84
Reserves and Surplus	226.9	248.15	202.73
Total Borrowing	87.09	61.85	60.38
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.50

85.05

Promoter Shareholding (Post-Issue)

62.34

62.52

P/E Ratio

21.08

17.07

Market Cap

₹67.81 Cr.

₹90.80 Cr.

ROE

19.30%

34.64%

ROCE

29.72%

47.99%

Debt/Equity

0.68

EPS

₹1.71

₹4.34

RoNW

19.30%

34.64%

Shares Offered

In the Gajanand International IPO Retail Individual Investors (RII) are offered 27,24,000 shares while in Share Samadhan IPO retail investors are offered 27,24,000 shares. Qualified Institutional Buyers (QIB) are offered in Gajanand International IPO and 6,19,200 shares in Share Samadhan IPO.

	Gajanand International IPO	Share Samadhan IPO
Anchor Investor Reserveration		9,23,200 shares
Market Maker Reserveration	2,88,000 shares	1,63,200 shares
QIB		6,19,200 shares
NII	27,24,000 shares	4,64,000 shares
RII	27,24,000 shares	10,81,600 shares
Employee
Others
Total	54,48,000 shares	30,88,000 shares

Bids Received (Subscription)

Gajanand International IPO subscribed 15.27x in total, whereas Share Samadhan IPO subscribed 14.59x.

	Gajanand International IPO	Share Samadhan IPO
QIB (times)		2.66x
NII (times)	5.79x	22.44x
Big NII (times)
Small NII (times)
RII (times)	24.18x	18.04x
Employee (times)
Other (times)
Total (times)	15.27x	14.59x

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