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Nexxus Petro Industries IPO vs Saj Hotels IPO

Comparison between Nexxus Petro Industries IPO and Saj Hotels IPO.

IPO Details

Nexxus Petro Industries IPO is a SME Fixed Price IPO proposed to list at BSE SME while Saj Hotels IPO is a SME Fixed Price proposed to list at NSE SME.

 Nexxus Petro Industries IPOSaj Hotels IPO
LogoNexxus Petro Industries IPO LogoSaj Hotels IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersSrujan Alpha Capital Advisors LLPCorpwis Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Satellite Corporate Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Nexxus Petro Industries IPO is up to ₹18.45 Cr whereas the issue size of the Saj Hotels IPO is up to ₹26.23 Cr. The final issue price of Nexxus Petro Industries IPO is ₹105.00 per share and of Saj Hotels IPO is ₹65.00 per share.

 Nexxus Petro Industries IPOSaj Hotels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹105.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size17,56,800 shares40,36,000 shares
Fresh Issue Size (Amount)up to ₹18.45 Crup to ₹26.23 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,56,800 shares40,36,000 shares
Issue Size Total (Amount)up to ₹18.45 Crup to ₹26.23 Cr

IPO Timetable

Nexxus Petro Industries IPO opens on Sep 26, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of Nexxus Petro Industries IPO and Saj Hotels IPO is Sep 30, 2024, and Oct 01, 2024, respectively.

 Nexxus Petro Industries IPOSaj Hotels IPO
Anchor Bid Date
Issue OpenSep 26, 2024Sep 27, 2024
Issue CloseSep 30, 2024Oct 01, 2024
Basis Of Allotment (Tentative)Oct 01, 2024Oct 03, 2024
Initiation of Refunds (Tentative)Oct 03, 2024Oct 04, 2024
Credit of Share (Tentative)Oct 03, 2024Oct 04, 2024
Listing date (Tentative)Oct 04, 2024Oct 07, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Nexxus Petro Industries IPO P/E ratio is 15.37, as compared to Saj Hotels IPO P/E ratio of 21.7.

 Nexxus Petro Industries IPOSaj Hotels IPO
Financials

Nexxus Petro Industries Limited Financial Information (Restated)

Nexxus Petro Industries Limited's revenue increased by 67% and profit after tax (PAT) rose by 73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,892.551,644.96932.77
Total Income23,837.5714,283.954,847.02
Profit After Tax348.47200.8754.06
Net Worth863.4264.9354.06
Reserves and Surplus353.4254.9354.06
Total Borrowing2,161.43835.1369.83
Amount in ₹ Lakhs

Saj Hotels Limited Financial Information (Restated Consolidated)

Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets9,808.469,892.539,626.453,286.02
Total Income1,455.491,282.191,287.90812.14
Profit After Tax344.68355.76144.25-120.18
Net Worth1,734.491,316.84891.08754.46
Reserves and Surplus7,721.708,325.197,977.201,748.59
Total Borrowing291.52614.141,053.54938.51
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0084.12
Promoter Shareholding (Post-Issue)61.94
P/E Ratio15.3721.7
Market Cap₹72.98 Cr.₹104.81 Cr.
ROE61.77%19.91%
ROCE20.81%26.36%
Debt/Equity2.500.17
EPS₹6.83₹3.00
RoNW40.36%19.91%

Shares Offered

In the Nexxus Petro Industries IPO Retail Individual Investors (RII) are offered 8,78,400 shares while in Saj Hotels IPO retail investors are offered 8,78,400 shares. Qualified Institutional Buyers (QIB) are offered in Nexxus Petro Industries IPO and in Saj Hotels IPO.

 Nexxus Petro Industries IPOSaj Hotels IPO
Anchor Investor Reserveration
Market Maker Reserveration93,600 shares2,14,000 shares
QIB
NII8,78,400 shares20,18,000 shares
RII8,78,400 shares20,18,000 shares
Employee
Others
Total17,56,800 shares40,36,000 shares

Bids Received (Subscription)

Nexxus Petro Industries IPO subscribed 8.44x in total, whereas Saj Hotels IPO subscribed 5.46x.

 Nexxus Petro Industries IPOSaj Hotels IPO
QIB (times)
NII (times)8.41x2.12x
Big NII (times)
Small NII (times)
RII (times)8.48x8.65x
Employee (times)
Other (times)
Total (times)8.44x5.46x