Newjaisa Technologies IPO vs Saakshi Medtech IPO

Comparison between Newjaisa Technologies IPO and Saakshi Medtech IPO.

IPO Details

Newjaisa Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.

	Newjaisa Technologies IPO	Saakshi Medtech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd.	Hem Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Newjaisa Technologies IPO is up to ₹37.93 Cr whereas the issue size of the Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.

	Newjaisa Technologies IPO	Saakshi Medtech IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹44.00 per share	₹92.00 per share
Issue Price (Upper)	₹47.00 per share	₹97.00 per share
Issue Price (Final)	₹47.00 per share	₹97.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	80,70,000 shares	44,20,800 shares
Fresh Issue Size (Amount)	up to ₹37.93 Cr	up to ₹42.88 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	80,70,000 shares	44,20,800 shares
Issue Size Total (Amount)	up to ₹37.93 Cr	up to ₹42.88 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Newjaisa Technologies IPO and Saakshi Medtech IPO is Sep 27, 2023, and Sep 27, 2023, respectively.

	Newjaisa Technologies IPO	Saakshi Medtech IPO
Anchor Bid Date	Sep 22, 2023	Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 25, 2023
Issue Close	Sep 27, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 05, 2023	Oct 03, 2023
Anchor Lockin End date 1	Nov 03, 2023	Nov 02, 2023
Anchor Lockin End date 2	Jan 02, 2024	Jan 01, 2024

Financials & KPIs

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Saakshi Medtech IPO P/E ratio of 10.18.

Newjaisa Technologies IPO

Saakshi Medtech IPO

Financials

Newjaisa Technologies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	337.99	559.15	2,208.70
Total Income	960.71	2,792.50	4,453.23
Profit After Tax	73.36	180.19	675.57
Net Worth	74.36	254.55	930.12
Reserves and Surplus	73.36	218.55	894.12
Total Borrowing	162.64	181.82	743.70

Amount in ₹ Lakhs

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Total Income	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.23

100.00

Promoter Shareholding (Post-Issue)

73.63

P/E Ratio

15.51

10.18

Market Cap

₹151.26 Cr.

₹171.26 Cr.

ROE

72.63%

34.35%

ROCE

72.63%

28.57%

Debt/Equity

0.48

EPS

₹3.03

₹9.53

RoNW

72.63%

29.32%

Shares Offered

In the Newjaisa Technologies IPO Retail Individual Investors (RII) are offered 28,26,000 shares while in Saakshi Medtech IPO retail investors are offered 28,26,000 shares. Qualified Institutional Buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and 8,84,400 shares in Saakshi Medtech IPO.

	Newjaisa Technologies IPO	Saakshi Medtech IPO
Anchor Investor Reserveration	24,18,000 shares	13,24,800 shares
Market Maker Reserveration	4,26,000 shares	2,35,200 shares
QIB	16,14,000 shares	8,84,400 shares
NII	12,12,000 shares	6,63,600 shares
RII	28,26,000 shares	15,48,000 shares
Employee
Others
Total	80,70,000 shares	44,20,800 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 6.85x in total, whereas Saakshi Medtech IPO subscribed 91.65x.

	Newjaisa Technologies IPO	Saakshi Medtech IPO
QIB (times)	1.02x	37.35x
NII (times)	15.34x	200.78x
Big NII (times)
Small NII (times)
RII (times)	6.54x	75.88x
Employee (times)
Other (times)
Total (times)	6.85x	91.65x

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