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Ganesh Green Bharat IPO vs Sahaj Solar IPO

Comparison between Ganesh Green Bharat IPO and Sahaj Solar IPO.

IPO Details

Ganesh Green Bharat 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.

 Ganesh Green Bharat IPOSahaj Solar IPO
LogoGanesh Green Bharat IPO LogoSahaj Solar IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Kunvarji Finstock Pvt.Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Market MakerHem Finlease Pvt.Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ganesh Green Bharat IPO is up to ₹118.94 Cr whereas the issue size of the Sahaj Solar IPO is up to ₹49.89 Cr. The final issue price of Ganesh Green Bharat IPO is ₹190.00 per share and of Sahaj Solar IPO is ₹180.00 per share.

 Ganesh Green Bharat IPOSahaj Solar IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹181.00 per share₹171.00 per share
Issue Price (Upper)₹190.00 per share₹180.00 per share
Issue Price (Final)₹190.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share₹15.00 per share
Market Lot Size600 shares800 shares
Fresh Issue Size62,59,800 shares27,73,600 shares
Fresh Issue Size (Amount)up to ₹118.94 Crup to ₹49.89 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,59,800 shares27,73,600 shares
Issue Size Total (Amount)up to ₹118.94 Crup to ₹49.89 Cr

IPO Timetable

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

 Ganesh Green Bharat IPOSahaj Solar IPO
Anchor Bid DateJul 04, 2024Jul 10, 2024
Issue OpenJul 05, 2024Jul 11, 2024
Issue CloseJul 09, 2024Jul 15, 2024
Basis Of Allotment (Tentative)Jul 10, 2024Jul 16, 2024
Initiation of Refunds (Tentative)Jul 11, 2024Jul 18, 2024
Credit of Share (Tentative)Jul 11, 2024Jul 18, 2024
Listing date (Tentative)Jul 12, 2024Jul 19, 2024
Anchor Lockin End date 1Aug 09, 2024Aug 15, 2024
Anchor Lockin End date 2Oct 08, 2024Oct 14, 2024

Financials & KPIs

Ganesh Green Bharat IPO P/E ratio is 15.85, as compared to Sahaj Solar IPO P/E ratio of 10.86.

 Ganesh Green Bharat IPOSahaj Solar IPO
Financials

Ganesh Green Bharat Limited Financial Information (Restated Consolidated)

Ganesh Green Bharat Limited's revenue increased by 89.82% and profit after tax (PAT) rose by 167.67% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets15,029.828,786.058,835.50
Total Income17,196.489,059.5310,612.10
Profit After Tax2,183.02815.57520.75
Net Worth5,727.642,707.342,707.34
Reserves and Surplus3,906.643,402.912,587.34
Total Borrowing5,370.172,738.892,247.06
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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets14,936.409,081.506,103.223,463.94
Total Income20,171.5518,580.486,728.956,218.78
Profit After Tax1,337.29648.37102.5070.58
Net Worth3,293.121,637.301,002.05922.01
Reserves and Surplus2,496.78859.22479.99405.40
Total Borrowing5,680.861,361.971,711.351,502.87
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10097.09
Promoter Shareholding (Post-Issue)73.4271.28
P/E Ratio15.8510.86
Market Cap₹509.22 Cr.₹197.75 Cr.
ROE46.42%39.96%
ROCE29.98%26.47%
Debt/Equity0.94
EPS₹11.99₹16.58
RoNW34.72%39.96%

Shares Offered

In the Ganesh Green Bharat IPO Retail Individual Investors (RII) are offered 21,68,400 shares while in Sahaj Solar IPO retail investors are offered 21,68,400 shares. Qualified Institutional Buyers (QIB) are offered 12,38,400 shares in Ganesh Green Bharat IPO and 5,50,400 shares in Sahaj Solar IPO.

 Ganesh Green Bharat IPOSahaj Solar IPO
Anchor Investor Reserveration18,57,600 shares8,24,000 shares
Market Maker Reserveration3,31,200 shares1,46,400 shares
QIB12,38,400 shares5,50,400 shares
NII9,29,400 shares4,12,800 shares
RII21,68,400 shares9,62,400 shares
Employee66,000 shares24,000 shares
Others
Total62,59,800 shares27,73,600 shares

Bids Received (Subscription)

Ganesh Green Bharat IPO subscribed 229.92x in total, whereas Sahaj Solar IPO subscribed 507.21x.

 Ganesh Green Bharat IPOSahaj Solar IPO
QIB (times)154.50x214.27x
NII (times)470.44x862.35x
Big NII (times)
Small NII (times)
RII (times)176.88x535.03x
Employee (times)
Other (times)
Total (times)229.92x507.21x