Comparison between Paramount Speciality Forgings IPO and Sodhani Academy of Fintech IPO.
Paramount Speciality Forgings IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sodhani Academy of Fintech IPO is a SME Fixed Price proposed to list at BSE SME.
| Paramount Speciality Forgings IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Swaraj shares & securities Pvt.Ltd. | Srujan Alpha Capital Advisors LLP |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Shreni Shares Ltd. | Prabhat Financial Services 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 Paramount Speciality Forgings IPO is up to ₹30.72 Cr whereas the issue size of the Sodhani Academy of Fintech IPO is up to ₹5.81 Cr. The final issue price of Paramount Speciality Forgings IPO is ₹59.00 per share and of Sodhani Academy of Fintech IPO is ₹40.00 per share.
| Paramount Speciality Forgings IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹57.00 per share | |
| Issue Price (Upper) | ₹59.00 per share | |
| Issue Price (Final) | ₹59.00 per share | ₹40.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 45,26,000 shares | 8,92,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.70 Cr | up to ₹3.57 Cr |
| OFS Issue Size | 6,80,000 shares | 5,60,000 shares |
| OFS Issue Size (Amount) | up to ₹4.01 Cr | up to ₹2.24 Cr |
| Issue Size Total | 52,06,000 shares | 14,52,000 shares |
| Issue Size Total (Amount) | up to ₹30.72 Cr | up to ₹5.81 Cr |
Paramount Speciality Forgings IPO opens on Sep 17, 2024, while Sodhani Academy of Fintech IPO opens on Sep 12, 2024. The closing date of Paramount Speciality Forgings IPO and Sodhani Academy of Fintech IPO is Sep 20, 2024, and Sep 17, 2024, respectively.
| Paramount Speciality Forgings IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Anchor Bid Date | Sep 16, 2024 | |
| Issue Open | Sep 17, 2024 | Sep 12, 2024 |
| Issue Close | Sep 20, 2024 | Sep 17, 2024 |
| Basis Of Allotment (Tentative) | Sep 23, 2024 | Sep 18, 2024 |
| Initiation of Refunds (Tentative) | Sep 24, 2024 | Sep 19, 2024 |
| Credit of Share (Tentative) | Sep 24, 2024 | Sep 19, 2024 |
| Listing date (Tentative) | Sep 25, 2024 | Sep 23, 2024 |
| Anchor Lockin End date 1 | Oct 22, 2024 | |
| Anchor Lockin End date 2 | Dec 21, 2024 |
Paramount Speciality Forgings IPO P/E ratio is 12.1, as compared to Sodhani Academy of Fintech IPO P/E ratio of 10.32.
| Paramount Speciality Forgings IPO | Sodhani Academy of Fintech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Paramount Speciality Forgings Limited Financial Information (Restated)Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% between the financial year ending with March 31, 2024 and March 31, 2023.
| Sodhani Academy of Fintech Enablers Limited Financial Information (Restated)Sodhani Academy of Fintech Enablers Limited's revenue increased by 51% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.15 | 73.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.1 | 10.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹116.12 Cr. | ₹22.78 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 32% | 27.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 40% | 36.77% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.87 | ₹3.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 31.65% | 27.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Paramount Speciality Forgings IPO Retail Individual Investors (RII) are offered 18,24,000 shares while in Sodhani Academy of Fintech IPO retail investors are offered 18,24,000 shares. Qualified Institutional Buyers (QIB) are offered 10,40,000 shares in Paramount Speciality Forgings IPO and in Sodhani Academy of Fintech IPO.
| Paramount Speciality Forgings IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 15,60,000 shares | |
| Market Maker Reserveration | 2,76,000 shares | 78,000 shares |
| QIB | 10,40,000 shares | |
| NII | 7,82,000 shares | 7,26,000 shares |
| RII | 18,24,000 shares | 7,26,000 shares |
| Employee | ||
| Others | ||
| Total | 52,06,000 shares | 14,52,000 shares |
Paramount Speciality Forgings IPO subscribed 73.88x in total, whereas Sodhani Academy of Fintech IPO subscribed 438.72x.
| Paramount Speciality Forgings IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| QIB (times) | 20.88x | |
| NII (times) | 220.24x | 511.34x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 41.35x | 358.47x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 73.88x | 438.72x |
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