Jiwanram Sheoduttrai IPO vs Saroja Pharma IPO

Comparison between Jiwanram Sheoduttrai IPO and Saroja Pharma IPO.

IPO Details

Jiwanram Sheoduttrai IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saroja Pharma IPO is a SME Fixed Price proposed to list at NSE SME.

	Jiwanram Sheoduttrai IPO	Saroja Pharma IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Affinity Global Capital Market Pvt.Ltd.	Swastika Investmart Ltd.
Registrar	Cameo Corporate Services Ltd.	Kfin Technologies Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Swastika Investmart Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Jiwanram Sheoduttrai IPO is up to ₹16.22 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Jiwanram Sheoduttrai IPO is ₹23.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

	Jiwanram Sheoduttrai IPO	Saroja Pharma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹23.00 per share	₹84.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	6000 shares	1600 shares
Fresh Issue Size	70,50,000 shares	10,30,400 shares
Fresh Issue Size (Amount)	up to ₹16.22 Cr	up to ₹8.66 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	70,50,000 shares	10,30,400 shares
Issue Size Total (Amount)	up to ₹16.22 Cr	up to ₹8.66 Cr

IPO Timetable

Jiwanram Sheoduttrai IPO opens on Sep 08, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Jiwanram Sheoduttrai IPO and Saroja Pharma IPO is Sep 12, 2023, and Sep 05, 2023, respectively.

	Jiwanram Sheoduttrai IPO	Saroja Pharma IPO
Anchor Bid Date
Issue Open	Sep 08, 2023	Aug 31, 2023
Issue Close	Sep 12, 2023	Sep 05, 2023
Basis Of Allotment (Tentative)	Sep 15, 2023	Sep 08, 2023
Initiation of Refunds (Tentative)	Sep 18, 2023	Sep 11, 2023
Credit of Share (Tentative)	Sep 20, 2023	Sep 12, 2023
Listing date (Tentative)	Sep 18, 2023	Sep 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Jiwanram Sheoduttrai IPO P/E ratio is 9.91, as compared to Saroja Pharma IPO P/E ratio of 23.27.

Jiwanram Sheoduttrai IPO

Saroja Pharma IPO

Financials

Jiwanram Sheoduttrai Industries IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	12,104.17	11,377.25	12,112.36
Total Income	3,281.34	3,414.89	4,598.41
Profit After Tax	2.98	149.69	402.65
Net Worth	4,307.14	4,428.27	4,802.36
Reserves and Surplus	3,812.11	3,933.24	3,069.74
Total Borrowing	4,883.69	5,230.92	5,258.99

Amount in ₹ Lakhs

Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	822.39	1,551.19	2,133.99
Total Income	3,674.67	5,595.67	5,035.09
Profit After Tax	73.13	114.01	106.06
Net Worth	93.59	402.60	508.66
Reserves and Surplus	92.59	380.02	215.09
Total Borrowing	301.77	613.88	1,018.86

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

100.00

Promoter Shareholding (Post-Issue)

70.01

73.02

P/E Ratio

9.91

23.27

Market Cap

₹56.92 Cr.

₹33.77 Cr.

ROE

8.38%

0.15%

ROCE

7.29%

0.25%

Debt/Equity

1.10

2.00

EPS

₹2.32

₹3.61

RoNW

8.38%

20.85%

Shares Offered

In the Jiwanram Sheoduttrai IPO Retail Individual Investors (RII) are offered 35,28,000 shares while in Saroja Pharma IPO retail investors are offered 35,28,000 shares. Qualified Institutional Buyers (QIB) are offered in Jiwanram Sheoduttrai IPO and in Saroja Pharma IPO.

	Jiwanram Sheoduttrai IPO	Saroja Pharma IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,72,000 shares	54,400 shares
QIB
NII	35,22,000 shares	5,15,200 shares
RII	35,28,000 shares	5,15,200 shares
Employee
Others
Total	70,50,000 shares	10,30,400 shares

Bids Received (Subscription)

Jiwanram Sheoduttrai IPO subscribed 112.96x in total, whereas Saroja Pharma IPO subscribed 8.88x.

	Jiwanram Sheoduttrai IPO	Saroja Pharma IPO
QIB (times)
NII (times)	69.75x	2.90x
Big NII (times)
Small NII (times)
RII (times)	151.47x	14.83x
Employee (times)
Other (times)
Total (times)	112.96x	8.88x

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