Kahan Packaging IPO vs Saroja Pharma IPO

Comparison between Kahan Packaging IPO and Saroja Pharma IPO.

IPO Details

Kahan Packaging IPO is a SME Fixed Price IPO proposed to list at BSE SME while Saroja Pharma IPO is a SME Fixed Price proposed to list at NSE SME.

	Kahan Packaging IPO	Saroja Pharma IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Swastika Investmart Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Hem Finlease 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 Kahan Packaging IPO is up to ₹5.44 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Kahan Packaging IPO is ₹80.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

	Kahan Packaging IPO	Saroja Pharma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹84.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	6,80,000 shares	10,30,400 shares
Fresh Issue Size (Amount)	up to ₹5.44 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	6,80,000 shares	10,30,400 shares
Issue Size Total (Amount)	up to ₹5.44 Cr	up to ₹8.66 Cr

IPO Timetable

Kahan Packaging IPO opens on Sep 06, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Kahan Packaging IPO and Saroja Pharma IPO is Sep 08, 2023, and Sep 05, 2023, respectively.

	Kahan Packaging IPO	Saroja Pharma IPO
Anchor Bid Date
Issue Open	Sep 06, 2023	Aug 31, 2023
Issue Close	Sep 08, 2023	Sep 05, 2023
Basis Of Allotment (Tentative)	Sep 13, 2023	Sep 08, 2023
Initiation of Refunds (Tentative)	Sep 14, 2023	Sep 11, 2023
Credit of Share (Tentative)	Sep 15, 2023	Sep 12, 2023
Listing date (Tentative)	Sep 15, 2023	Sep 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Kahan Packaging IPO P/E ratio is 7.74, as compared to Saroja Pharma IPO P/E ratio of 23.27.

Kahan Packaging IPO

Saroja Pharma IPO

Financials

Kahan Packaging IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,046.79	898.33	975.15	1,449.34
Total Income	1,357.76	1,212.81	1,590.63	1,755.93
Profit After Tax	1.05	1.57	19.77	103.38
Net Worth	48.19	49.75	69.53	172.91
Reserves and Surplus	-1.81	-0.25	19.53	72.91
Total Borrowing	490.93	442.29	616.58	773.90

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)

99.95

100.00

Promoter Shareholding (Post-Issue)

73.49

73.02

P/E Ratio

7.74

23.27

Market Cap

₹21.76 Cr.

₹33.77 Cr.

ROE

85.28%

0.15%

ROCE

19.77%

0.25%

Debt/Equity

4.48

2.00

EPS

₹10.34

₹3.61

RoNW

59.79%

20.85%

Shares Offered

In the Kahan Packaging IPO Retail Individual Investors (RII) are offered 3,40,800 shares while in Saroja Pharma IPO retail investors are offered 3,40,800 shares. Qualified Institutional Buyers (QIB) are offered in Kahan Packaging IPO and in Saroja Pharma IPO.

	Kahan Packaging IPO	Saroja Pharma IPO
Anchor Investor Reserveration
Market Maker Reserveration	40,000 shares	54,400 shares
QIB
NII	3,39,200 shares	5,15,200 shares
RII	3,40,800 shares	5,15,200 shares
Employee
Others
Total	6,80,000 shares	10,30,400 shares

Bids Received (Subscription)

Kahan Packaging IPO subscribed 730.45x in total, whereas Saroja Pharma IPO subscribed 8.88x.

	Kahan Packaging IPO	Saroja Pharma IPO
QIB (times)
NII (times)	405.59x	2.90x
Big NII (times)
Small NII (times)
RII (times)	1,042.37x	14.83x
Employee (times)
Other (times)
Total (times)	730.45x	8.88x

Compare with others

Kahan Packaging IPO	Saroja Pharma IPO
Kundan Edifice IPO	Chavda Infra IPO
Meson Valves IPO	Jiwanram Sheoduttrai IPO
Chavda Infra IPO	Unihealth Consultancy IPO
Jiwanram Sheoduttrai IPO	Kahan Packaging IPO
Unihealth Consultancy IPO	Pramara Promotions IPO
Pramara Promotions IPO	Basilic Fly Studio IPO
Saroja Pharma IPO	C P S Shapers IPO
Basilic Fly Studio IPO	Mono Pharmacare IPO
C P S Shapers IPO	Sungarner Energies IPO
Mono Pharmacare IPO	Sahaj Fashions IPO