Pramara Promotions IPO vs Saroja Pharma IPO

Comparison between Pramara Promotions IPO and Saroja Pharma IPO.

IPO Details

Pramara Promotions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saroja Pharma IPO is a SME Fixed Price proposed to list at NSE SME.

	Pramara Promotions IPO	Saroja Pharma IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt.Ltd.	Swastika Investmart Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Pure Broking Pvt.Ltd.	Swastika Investmart Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pramara Promotions IPO is up to ₹14.49 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Pramara Promotions IPO is ₹63.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

	Pramara Promotions IPO	Saroja Pharma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹63.00 per share	₹84.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	23,00,000 shares	10,30,400 shares
Fresh Issue Size (Amount)	up to ₹14.49 Cr	up to ₹8.66 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	23,00,000 shares	10,30,400 shares
Issue Size Total (Amount)	up to ₹14.49 Cr	up to ₹8.66 Cr

IPO Timetable

Pramara Promotions IPO opens on Sep 01, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Pramara Promotions IPO and Saroja Pharma IPO is Sep 05, 2023, and Sep 05, 2023, respectively.

	Pramara Promotions IPO	Saroja Pharma IPO
Anchor Bid Date
Issue Open	Sep 01, 2023	Aug 31, 2023
Issue Close	Sep 05, 2023	Sep 05, 2023
Basis Of Allotment (Tentative)	Sep 08, 2023	Sep 08, 2023
Initiation of Refunds (Tentative)	Sep 11, 2023	Sep 11, 2023
Credit of Share (Tentative)	Sep 12, 2023	Sep 12, 2023
Listing date (Tentative)	Sep 13, 2023	Sep 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Pramara Promotions IPO P/E ratio is , as compared to Saroja Pharma IPO P/E ratio of 23.27.

Pramara Promotions IPO

Saroja Pharma IPO

Financials

Pramara Promotions IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,922.67	6,194.55	6,139.22
Total Income	4,096.01	4,942.70	5,119.11
Profit After Tax	33.18	134.57	222.59
Net Worth	1,235.43	1,373.96	1,596.50
Reserves and Surplus	1,115.23	1,253.76	944.19
Total Borrowing	3,033.12	3,134.34	3,330.78

Amount in ₹ Lakhs

Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	822.39	1,551.19	2,133.99
Total Income	3,674.67	5,595.67	5,035.09
Profit After Tax	73.13	114.01	106.06
Net Worth	93.59	402.60	508.66
Reserves and Surplus	92.59	380.02	215.09
Total Borrowing	301.77	613.88	1,018.86

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.41

100.00

Promoter Shareholding (Post-Issue)

69.81

73.02

P/E Ratio

23.27

Market Cap

₹56.92 Cr.

₹33.77 Cr.

ROE

13.87%

0.15%

ROCE

15.20%

0.25%

Debt/Equity

2.07

2.00

EPS

₹3.37

₹3.61

RoNW

13.87

20.85%

Shares Offered

In the Pramara Promotions IPO Retail Individual Investors (RII) are offered 11,50,000 shares while in Saroja Pharma IPO retail investors are offered 11,50,000 shares. Qualified Institutional Buyers (QIB) are offered in Pramara Promotions IPO and in Saroja Pharma IPO.

	Pramara Promotions IPO	Saroja Pharma IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,24,000 shares	54,400 shares
QIB
NII	11,50,000 shares	5,15,200 shares
RII	11,50,000 shares	5,15,200 shares
Employee
Others
Total	23,00,000 shares	10,30,400 shares

Bids Received (Subscription)

Pramara Promotions IPO subscribed 25.71x in total, whereas Saroja Pharma IPO subscribed 8.88x.

	Pramara Promotions IPO	Saroja Pharma IPO
QIB (times)
NII (times)	33.99x	2.90x
Big NII (times)
Small NII (times)
RII (times)	17.14x	14.83x
Employee (times)
Other (times)
Total (times)	25.71x	8.88x

Compare with others

Pramara Promotions IPO	Saroja Pharma IPO
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Kahan Packaging IPO	Pramara Promotions IPO
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Basilic Fly Studio IPO	C P S Shapers IPO
C P S Shapers IPO	Mono Pharmacare IPO
Mono Pharmacare IPO	Sungarner Energies IPO
Sungarner Energies IPO	Sahaj Fashions IPO