Owais Metal IPO vs Sona Machinery IPO

Comparison between Owais Metal IPO and Sona Machinery IPO.

IPO Details

Owais Metal IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sona Machinery IPO is a SME Bookbuilding proposed to list at NSE SME.

	Owais Metal IPO	Sona Machinery IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Gretex Corporate Services Ltd.	Hem Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Gretex Share Broking Pvt.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 Owais Metal IPO is up to ₹39.70 Cr whereas the issue size of the Sona Machinery IPO is up to ₹49.22 Cr. The final issue price of Owais Metal IPO is ₹87.00 per share and of Sona Machinery IPO is ₹143.00 per share.

	Owais Metal IPO	Sona Machinery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹83.00 per share	₹136.00 per share
Issue Price (Upper)	₹87.00 per share	₹143.00 per share
Issue Price (Final)	₹87.00 per share	₹143.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	45,63,200 shares	34,42,000 shares
Fresh Issue Size (Amount)	up to ₹39.70 Cr	up to ₹49.22 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	45,63,200 shares	34,42,000 shares
Issue Size Total (Amount)	up to ₹39.70 Cr	up to ₹49.22 Cr

IPO Timetable

Owais Metal IPO opens on Feb 26, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Owais Metal IPO and Sona Machinery IPO is Feb 28, 2024, and Mar 07, 2024, respectively.

	Owais Metal IPO	Sona Machinery IPO
Anchor Bid Date	Feb 23, 2024	Mar 04, 2024
Issue Open	Feb 26, 2024	Mar 05, 2024
Issue Close	Feb 28, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Feb 29, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Mar 01, 2024	Mar 12, 2024
Credit of Share (Tentative)	Mar 01, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 04, 2024	Mar 13, 2024
Anchor Lockin End date 1	Mar 30, 2024	Apr 10, 2024
Anchor Lockin End date 2	May 29, 2024	Jun 09, 2024

Financials & KPIs

Owais Metal IPO P/E ratio is 21.35, as compared to Sona Machinery IPO P/E ratio of 18.8.

Owais Metal IPO

Sona Machinery IPO

Financials

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended	31 Dec 2023	31 Mar 2023
Assets	5,164.23	379.62
Total Income	3,977.54
Profit After Tax	765.47	-12.72
Net Worth	2,122.77	57.28
Reserves and Surplus	795.25	44.28
Total Borrowing	1,350.59	321.29
Amount in ₹ Lakhs

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,211.30	2,858.19	1,516.58	732.21
Total Income	6,288.11	8,118.06	4,453.07	606.33
Profit After Tax	647.82	768.36	326.47	27.81
Net Worth	1,780.16	1,132.34	363.98	37.51
Reserves and Surplus	770.16	1,122.34	353.98	27.51
Total Borrowing	112.94	252.60	236.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

73.01

73.59

P/E Ratio

21.35

18.8

Market Cap

₹158.19 Cr.

₹196.25 Cr.

ROE

-5.35%

44.49%

ROCE

46.61%

Debt/Equity

5.61

0.06

EPS

₹4.08

₹7.61

RoNW

-22.22%

36.39%

Shares Offered

In the Owais Metal IPO Retail Individual Investors (RII) are offered 15,98,400 shares while in Sona Machinery IPO retail investors are offered 15,98,400 shares. Qualified Institutional Buyers (QIB) are offered 9,12,000 shares in Owais Metal IPO and 6,88,000 shares in Sona Machinery IPO.

	Owais Metal IPO	Sona Machinery IPO
Anchor Investor Reserveration	13,68,000 shares	10,32,000 shares
Market Maker Reserveration	3,44,000 shares	1,82,000 shares
QIB	9,12,000 shares	6,88,000 shares
NII	6,84,800 shares	5,17,000 shares
RII	15,98,400 shares	12,05,000 shares
Employee
Others
Total	45,63,200 shares	34,42,000 shares

Bids Received (Subscription)

Owais Metal IPO subscribed 221.18x in total, whereas Sona Machinery IPO subscribed 273.50x.

	Owais Metal IPO	Sona Machinery IPO
QIB (times)	92.06x	129.72x
NII (times)	329.36x	554.42x
Big NII (times)
Small NII (times)
RII (times)	248.50x	235.06x
Employee (times)
Other (times)
Total (times)	221.18x	273.50x

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