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Hi-Green Carbon IPO vs Sunita Tools IPO

Comparison between Hi-Green Carbon IPO and Sunita Tools IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.

 Hi-Green Carbon IPOSunita Tools IPO
LogoHi-Green Carbon IPO LogoSunita Tools IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSpread X Securities Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Hi-Green Carbon IPO is up to ₹49.64 Cr whereas the issue size of the Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Sunita Tools IPO is ₹145.00 per share.

 Hi-Green Carbon IPOSunita Tools IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹75.00 per share₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size55,69,200 shares12,42,000 shares
Fresh Issue Size (Amount)up to ₹41.77 Crup to ₹18.01 Cr
OFS Issue Size10,50,000 shares2,00,000 shares
OFS Issue Size (Amount)up to ₹7.88 Crup to ₹2.90 Cr
Issue Size Total66,19,200 shares14,42,000 shares
Issue Size Total (Amount)up to ₹49.64 Crup to ₹20.91 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Hi-Green Carbon IPO and Sunita Tools IPO is Sep 25, 2023, and Oct 03, 2023, respectively.

 Hi-Green Carbon IPOSunita Tools IPO
Anchor Bid DateSep 20, 2023
Issue OpenSep 21, 2023Sep 26, 2023
Issue CloseSep 25, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Oct 05, 2023
Credit of Share (Tentative)Oct 03, 2023Oct 06, 2023
Listing date (Tentative)Sep 28, 2023Oct 11, 2023
Anchor Lockin End date 1Oct 28, 2023
Anchor Lockin End date 2Dec 27, 2023

Financials & KPIs

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Sunita Tools IPO P/E ratio of 16.88.

 Hi-Green Carbon IPOSunita Tools IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets43.8834.2433.11
Total Income79.0451.1424.29
Profit After Tax10.853.680.10
NET Worth22.5911.748.06
Reserves and Surplus3.59-7.26-10.94
Total Borrowing13.6215.8717.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets25.3814.2313.52
Total Income14.178.896.92
Profit After Tax3.380.810.27
NET Worth3.21-2.67-3.48
Reserves and Surplus-1.10-4.48-5.29
Total Borrowing16.6012.4913.35
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)71.8372.97
P/E Ratio13.1316.88
Market Cap₹187.43 Cr.₹81.56 Cr.
ROE63.19%1259
ROCE64.70%36.76
Debt/Equity0.605.17
EPS₹5.71₹13.96
RoNW48.02%105.31

Shares Offered

In the Hi-Green Carbon IPO Retail Individual Investors (RII) are offered 23,16,800 shares while in Sunita Tools IPO retail investors are offered 23,16,800 shares. Qualified Institutional Buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and in Sunita Tools IPO.

 Hi-Green Carbon IPOSunita Tools IPO
Anchor Investor Reservation19,84,000 shares
Market Maker Reservation4,20,800 shares78,000 shares
QIB13,23,200 shares
NII9,95,200 shares7,21,000 shares
RII23,16,800 shares7,21,000 shares
Employee
Others
Total66,19,200 shares14,42,000 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Sunita Tools IPO subscribed 13.24x.

 Hi-Green Carbon IPOSunita Tools IPO
QIB (times)69.95x
NII (times)236.76x5.27x
Big NII (times)
Small NII (times)
RII (times)196.35x21.10x
Employee (times)
Other (times)
Total (times)168.92x13.24x

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Hi-Green Carbon IPO Vs Sunita Tools IPO