Plaza Wires IPO vs Saraswati Saree Depot IPO

Comparison between Plaza Wires IPO and Saraswati Saree Depot IPO.

IPO Details

Plaza Wires IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Saraswati Saree Depot IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Plaza Wires IPO is up to ₹71.28 Cr whereas the issue size of the Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Plaza Wires IPO is ₹54.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

 Plaza Wires IPOSaraswati Saree Depot IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹152.00 per share
Issue Price (Upper)₹54.00 per share₹160.00 per share
Issue Price (Final)₹54.00 per share₹160.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size277 shares90 shares
Fresh Issue Size1,32,00,158 shares64,99,800 shares
Fresh Issue Size (Amount)up to ₹71.28 Crup to ₹104.00 Cr
OFS Issue Size0 shares35,01,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹56.02 Cr
Issue Size Total1,32,00,158 shares1,00,00,800 shares
Issue Size Total (Amount)up to ₹71.28 Crup to ₹160.01 Cr

IPO Timetable

Plaza Wires IPO opens on Sep 29, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Plaza Wires IPO and Saraswati Saree Depot IPO is Oct 05, 2023, and Aug 14, 2024, respectively.

 Plaza Wires IPOSaraswati Saree Depot IPO
Anchor Bid DateSep 27, 2023
Issue OpenSep 29, 2023Aug 12, 2024
Issue CloseOct 05, 2023Aug 14, 2024
Basis Of Allotment (Tentative)Oct 09, 2023Aug 16, 2024
Initiation of Refunds (Tentative)Oct 11, 2023Aug 19, 2024
Credit of Share (Tentative)Oct 12, 2023Aug 19, 2024
Listing date (Tentative)Oct 12, 2023Aug 20, 2024
Anchor Lockin End date 1Nov 08, 2023
Anchor Lockin End date 2Jan 07, 2024

Financials & KPIs

Plaza Wires IPO P/E ratio is 21.95, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

 Plaza Wires IPOSaraswati Saree Depot IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets112.10104.1799.28
Total Income182.60176.94145.60
Profit After Tax7.515.954.24
NET Worth53.0845.5239.48
Reserves and Surplus22.5314.9635.66
Total Borrowing39.6840.0943.30
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets205.94188.85169.93
Total Income612.58603.52550.31
Profit After Tax29.5322.9712.31
NET Worth64.9135.3812.41
Total Borrowing43.4941.4366.62
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)69.8374.75
P/E Ratio21.9517.94
Market Cap₹236.26 Cr.₹633.60 Cr.
ROE14.15%58.88
ROCE15.57%64.46
Debt/Equity0.750.67
EPS₹2.46₹8.92
RoNW14.16%45.49

Shares Offered

In the Plaza Wires IPO Retail Individual Investors (RII) are offered 13,19,905 shares while in Saraswati Saree Depot IPO retail investors are offered 13,19,905 shares. Qualified Institutional Buyers (QIB) are offered 61,96,213 shares in Plaza Wires IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

 Plaza Wires IPOSaraswati Saree Depot IPO
Anchor Investor Reservation37,04,044 shares
Market Maker Reservation
QIB61,96,213 shares50,00,400 shares
NII19,79,996 shares15,00,120 shares
RII13,19,905 shares35,00,280 shares
Employee
Others
Total1,32,00,158 shares1,00,00,800 shares

Bids Received (Subscription)

Plaza Wires IPO subscribed 160.97x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

 Plaza Wires IPOSaraswati Saree Depot IPO
QIB (times)42.84x64.12x
NII (times)388.09x358.47x
Big NII (times)360.92x389.28x
Small NII (times)442.42x296.85x
RII (times)374.81x61.59x
Employee (times)
Other (times)
Total (times)160.97x107.39x

Compare with others

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Plaza Wires IPO Vs Saraswati Saree Depot IPO