Purv Flexipack IPO vs Sona Machinery IPO

Comparison between Purv Flexipack IPO and Sona Machinery IPO.

IPO Details

Purv Flexipack 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.

	Purv Flexipack 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	Holani Consultants Pvt.Ltd.	Hem Securities Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Holani Consultants 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 Purv Flexipack IPO is up to ₹37.74 Cr whereas the issue size of the Sona Machinery IPO is up to ₹49.22 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of Sona Machinery IPO is ₹143.00 per share.

	Purv Flexipack IPO	Sona Machinery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹70.00 per share	₹136.00 per share
Issue Price (Upper)	₹71.00 per share	₹143.00 per share
Issue Price (Final)	₹71.00 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	53,15,200 shares	34,42,000 shares
Fresh Issue Size (Amount)	up to ₹37.74 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	53,15,200 shares	34,42,000 shares
Issue Size Total (Amount)	up to ₹37.74 Cr	up to ₹49.22 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Purv Flexipack IPO and Sona Machinery IPO is Feb 29, 2024, and Mar 07, 2024, respectively.

	Purv Flexipack IPO	Sona Machinery IPO
Anchor Bid Date	Feb 26, 2024	Mar 04, 2024
Issue Open	Feb 27, 2024	Mar 05, 2024
Issue Close	Feb 29, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Mar 01, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Mar 04, 2024	Mar 12, 2024
Credit of Share (Tentative)	Mar 04, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 05, 2024	Mar 13, 2024
Anchor Lockin End date 1	Mar 31, 2024	Apr 10, 2024
Anchor Lockin End date 2	May 30, 2024	Jun 09, 2024

Financials & KPIs

Purv Flexipack IPO P/E ratio is 13.17, as compared to Sona Machinery IPO P/E ratio of 18.8.

Purv Flexipack IPO

Sona Machinery IPO

Financials

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	28,315.64	25,852.83	18,146.73	15,417.62
Total Income	13,935.79	34,107.83	22,943.81	13,780.26
Profit After Tax	430.13	826.13	626.73	567.50
Net Worth	8,152.42	7,619.22	6,793.09	5,898.36
Reserves and Surplus	6,740.54	6,207.34	5,381.21	4,486.48
Total Borrowing	15,013.96	12,350.98	8,340.10	7,077.77
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)

92.17

100.00

Promoter Shareholding (Post-Issue)

73.59

P/E Ratio

13.17

18.8

Market Cap

₹148.98 Cr.

₹196.25 Cr.

ROE

11.46%

44.49%

ROCE

18.50%

46.61%

Debt/Equity

1.62

0.06

EPS

₹5.39

₹7.61

RoNW

10.84%

36.39%

Shares Offered

In the Purv Flexipack IPO Retail Individual Investors (RII) are offered 19,00,800 shares while in Sona Machinery IPO retail investors are offered 19,00,800 shares. Qualified Institutional Buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and 6,88,000 shares in Sona Machinery IPO.

	Purv Flexipack IPO	Sona Machinery IPO
Anchor Investor Reserveration	15,16,800 shares	10,32,000 shares
Market Maker Reserveration	3,48,800 shares	1,82,000 shares
QIB	10,52,800 shares	6,88,000 shares
NII	8,44,800 shares	5,17,000 shares
RII	19,00,800 shares	12,05,000 shares
Employee
Others
Total	53,15,200 shares	34,42,000 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas Sona Machinery IPO subscribed 273.50x.

	Purv Flexipack IPO	Sona Machinery IPO
QIB (times)	157.32x	129.72x
NII (times)	690.72x	554.42x
Big NII (times)
Small NII (times)
RII (times)	448.73x	235.06x
Employee (times)
Other (times)
Total (times)	421.78x	273.50x

Compare with others

Purv Flexipack IPO	Sona Machinery IPO
V R Infraspace IPO	Signoria Creation IPO
Sona Machinery IPO	Pratham EPC Projects IPO
Pune E-Stock Broking IPO	Koura Fine Diamond Jewelry IPO
M.V.K.Agro Food Product IPO	Shree Karni Fabcom IPO
Owais Metal IPO	V R Infraspace IPO
Sadhav Shipping IPO	Pune E-Stock Broking IPO
Deem Roll Tech IPO	M.V.K.Agro Food Product IPO
Zenith Drugs IPO	Owais Metal IPO
Esconet Technologies IPO	Purv Flexipack IPO
Trust Fintech IPO	Sadhav Shipping IPO