Comparison between Organic Recycling Systems IPO and Saakshi Medtech IPO.
Organic Recycling Systems IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.
| Organic Recycling Systems IPO | Saakshi Medtech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Arihant Capital Markets Ltd. | Hem Securities Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Arihant Capital Markets Ltd. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Organic Recycling Systems IPO is up to ₹47.40 Cr whereas the issue size of the Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.
| Organic Recycling Systems IPO | Saakshi Medtech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹92.00 per share | |
| Issue Price (Upper) | ₹97.00 per share | |
| Issue Price (Final) | ₹200.00 per share | ₹97.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 1200 shares |
| Fresh Issue Size | 23,70,000 shares | 44,20,800 shares |
| Fresh Issue Size (Amount) | up to ₹47.40 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 | 23,70,000 shares | 44,20,800 shares |
| Issue Size Total (Amount) | up to ₹47.40 Cr | up to ₹42.88 Cr |
Organic Recycling Systems IPO opens on Sep 21, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Organic Recycling Systems IPO and Saakshi Medtech IPO is Sep 26, 2023, and Sep 27, 2023, respectively.
| Organic Recycling Systems IPO | Saakshi Medtech IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2023 | |
| Issue Open | Sep 21, 2023 | Sep 25, 2023 |
| Issue Close | Sep 26, 2023 | Sep 27, 2023 |
| Basis Of Allotment (Tentative) | Sep 29, 2023 | Oct 03, 2023 |
| Initiation of Refunds (Tentative) | Oct 03, 2023 | Oct 04, 2023 |
| Credit of Share (Tentative) | Oct 04, 2023 | Oct 05, 2023 |
| Listing date (Tentative) | Oct 06, 2023 | Oct 03, 2023 |
| Anchor Lockin End date 1 | Nov 02, 2023 | |
| Anchor Lockin End date 2 | Jan 01, 2024 |
Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Saakshi Medtech IPO P/E ratio of 10.18.
| Organic Recycling Systems IPO | Saakshi Medtech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials |
Amount in ₹ Lakhs |
Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 30.14 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 20.35 | 73.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 25.54 | 10.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹153.99 Cr. | ₹171.26 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.76% | 34.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 13.06% | 28.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.70 | 0.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.83 | ₹9.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 14.33% | 29.32% |
In the Organic Recycling Systems IPO Retail Individual Investors (RII) are offered 11,85,000 shares while in Saakshi Medtech IPO retail investors are offered 11,85,000 shares. Qualified Institutional Buyers (QIB) are offered in Organic Recycling Systems IPO and 8,84,400 shares in Saakshi Medtech IPO.
| Organic Recycling Systems IPO | Saakshi Medtech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 13,24,800 shares | |
| Market Maker Reserveration | 1,30,200 shares | 2,35,200 shares |
| QIB | 8,84,400 shares | |
| NII | 11,85,000 shares | 6,63,600 shares |
| RII | 11,85,000 shares | 15,48,000 shares |
| Employee | ||
| Others | ||
| Total | 23,70,000 shares | 44,20,800 shares |
Organic Recycling Systems IPO subscribed 3.24x in total, whereas Saakshi Medtech IPO subscribed 91.65x.
| Organic Recycling Systems IPO | Saakshi Medtech IPO | |
|---|---|---|
| QIB (times) | 37.35x | |
| NII (times) | 4.28x | 200.78x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 2.21x | 75.88x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.24x | 91.65x |
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