Comparison between Kore Digital IPO and Sahana System IPO.
Kore Digital IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sahana System IPO is a SME Bookbuilding proposed to list at NSE SME.
| Kore Digital IPO | Sahana System IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | First Overseas Capital Ltd. | Interactive Financial Services Ltd. Unistone Capital Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | NNM Securities Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Kore Digital IPO is up to ₹17.06 Cr whereas the issue size of the Sahana System IPO is up to ₹31.05 Cr. The final issue price of Kore Digital IPO is ₹180.00 per share and of Sahana System IPO is ₹135.00 per share.
| Kore Digital IPO | Sahana System IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹132.00 per share | |
| Issue Price (Upper) | ₹135.00 per share | |
| Issue Price (Final) | ₹180.00 per share | ₹135.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 1000 shares |
| Fresh Issue Size | 9,48,000 shares | 23,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹17.06 Cr | up to ₹31.05 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 | 9,48,000 shares | 23,00,000 shares |
| Issue Size Total (Amount) | up to ₹17.06 Cr | up to ₹31.05 Cr |
Kore Digital IPO opens on Jun 02, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Kore Digital IPO and Sahana System IPO is Jun 07, 2023, and Jun 02, 2023, respectively.
| Kore Digital IPO | Sahana System IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 02, 2023 | May 31, 2023 |
| Issue Close | Jun 07, 2023 | Jun 02, 2023 |
| Basis Of Allotment (Tentative) | Jun 12, 2023 | Jun 07, 2023 |
| Initiation of Refunds (Tentative) | Jun 13, 2023 | Jun 08, 2023 |
| Credit of Share (Tentative) | Jun 14, 2023 | Jun 09, 2023 |
| Listing date (Tentative) | Jun 14, 2023 | Jun 12, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Kore Digital IPO P/E ratio is 17.86, as compared to Sahana System IPO P/E ratio of 16.88.
| Kore Digital IPO | Sahana System IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.70 | 90.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.86 | 16.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹63.36 Cr. | ₹107.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 0.67 | 83.52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 0.49 | 61.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.36 | 0.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.08 | ₹11.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 50.18 | 59.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kore Digital IPO Retail Individual Investors (RII) are offered 4,74,000 shares while in Sahana System IPO retail investors are offered 4,74,000 shares. Qualified Institutional Buyers (QIB) are offered in Kore Digital IPO and 2,30,000 shares in Sahana System IPO.
| Kore Digital IPO | Sahana System IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 52,000 shares | 1,25,000 shares |
| QIB | 2,30,000 shares | |
| NII | 4,74,000 shares | 10,35,000 shares |
| RII | 4,74,000 shares | 10,35,000 shares |
| Employee | ||
| Others | ||
| Total | 9,48,000 shares | 23,00,000 shares |
Kore Digital IPO subscribed 41.56x in total, whereas Sahana System IPO subscribed 9.99x.
| Kore Digital IPO | Sahana System IPO | |
|---|---|---|
| QIB (times) | 9.70x | |
| NII (times) | 49.67x | 7.07x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 33.26x | 12.97x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 41.56x | 9.99x |
