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Owais Metal IPO vs Sadhav Shipping IPO

Comparison between Owais Metal IPO and Sadhav Shipping IPO.

IPO Details

Owais Metal IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price proposed to list at NSE SME.

 Owais Metal IPOSadhav Shipping IPO
LogoOwais Metal IPO LogoSadhav Shipping IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.ISK Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Owais Metal IPO is up to ₹39.70 Cr whereas the issue size of the Sadhav Shipping IPO is up to ₹36.25 Cr. The final issue price of Owais Metal IPO is ₹87.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

 Owais Metal IPOSadhav Shipping IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹83.00 per share
Issue Price (Upper)₹87.00 per share
Issue Price (Final)₹87.00 per share₹95.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size45,63,200 shares38,16,000 shares
Fresh Issue Size (Amount)up to ₹39.70 Crup to ₹36.25 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total45,63,200 shares38,16,000 shares
Issue Size Total (Amount)up to ₹39.70 Crup to ₹36.25 Cr

IPO Timetable

Owais Metal IPO opens on Feb 26, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of Owais Metal IPO and Sadhav Shipping IPO is Feb 28, 2024, and Feb 27, 2024, respectively.

 Owais Metal IPOSadhav Shipping IPO
Anchor Bid DateFeb 23, 2024
Issue OpenFeb 26, 2024Feb 23, 2024
Issue CloseFeb 28, 2024Feb 27, 2024
Basis Of Allotment (Tentative)Feb 29, 2024Feb 28, 2024
Initiation of Refunds (Tentative)Mar 01, 2024Feb 29, 2024
Credit of Share (Tentative)Mar 01, 2024Feb 29, 2024
Listing date (Tentative)Mar 04, 2024Mar 01, 2024
Anchor Lockin End date 1Mar 30, 2024
Anchor Lockin End date 2May 29, 2024

Financials & KPIs

Owais Metal IPO P/E ratio is 21.35, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

 Owais Metal IPOSadhav Shipping IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 2023
Assets51.643.80
Total Income39.78
Profit After Tax7.65-0.13
NET Worth21.230.57
Reserves and Surplus7.950.44
Total Borrowing13.513.21
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets131.13116.2969.0961.18
Total Income33.8678.9169.7861.24
Profit After Tax4.077.753.013.31
NET Worth45.0140.9435.0432.06
Reserves and Surplus42.0637.9932.0829.10
Total Borrowing66.8255.2720.8317.76
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0096.44
Promoter Shareholding (Post-Issue)73.0169.44
P/E Ratio21.3512.66
Market Cap₹158.19 Cr.₹136.35 Cr.
ROE-5.35%20.41%
ROCE14.36%
Debt/Equity5.61
EPS₹4.08₹7.50
RoNW-22.22%18.94%

Shares Offered

In the Owais Metal IPO Retail Individual Investors (RII) are offered 15,98,400 shares while in Sadhav Shipping IPO retail investors are offered 15,98,400 shares. Qualified Institutional Buyers (QIB) are offered 9,12,000 shares in Owais Metal IPO and in Sadhav Shipping IPO.

 Owais Metal IPOSadhav Shipping IPO
Anchor Investor Reservation13,68,000 shares
Market Maker Reservation3,44,000 shares2,02,800 shares
QIB9,12,000 shares
NII6,84,800 shares19,08,000 shares
RII15,98,400 shares19,08,000 shares
Employee
Others
Total45,63,200 shares38,16,000 shares

Bids Received (Subscription)

Owais Metal IPO subscribed 221.18x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

 Owais Metal IPOSadhav Shipping IPO
QIB (times)92.06x
NII (times)329.36x184.58x
Big NII (times)
Small NII (times)
RII (times)248.50x65.52x
Employee (times)
Other (times)
Total (times)221.18x135.69x

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Owais Metal IPO Vs Sadhav Shipping IPO