Rajgor Castor Derivatives IPO vs Saakshi Medtech IPO

Comparison between Rajgor Castor Derivatives IPO and Saakshi Medtech IPO.

IPO Details

Rajgor Castor Derivatives IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.

	Rajgor Castor Derivatives IPO	Saakshi Medtech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Hem Securities Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities 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 Rajgor Castor Derivatives IPO is up to ₹45.30 Cr whereas the issue size of the Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Rajgor Castor Derivatives IPO is ₹50.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.

	Rajgor Castor Derivatives IPO	Saakshi Medtech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹47.00 per share	₹92.00 per share
Issue Price (Upper)	₹50.00 per share	₹97.00 per share
Issue Price (Final)	₹50.00 per share	₹97.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	83,94,000 shares	44,20,800 shares
Fresh Issue Size (Amount)	up to ₹41.97 Cr	up to ₹42.88 Cr
OFS Issue Size	6,66,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹3.33 Cr	up to ₹0.00 Cr
Issue Size Total	90,60,000 shares	44,20,800 shares
Issue Size Total (Amount)	up to ₹45.30 Cr	up to ₹42.88 Cr

IPO Timetable

Rajgor Castor Derivatives IPO opens on Oct 17, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Rajgor Castor Derivatives IPO and Saakshi Medtech IPO is Oct 20, 2023, and Sep 27, 2023, respectively.

	Rajgor Castor Derivatives IPO	Saakshi Medtech IPO
Anchor Bid Date	Oct 16, 2023	Sep 22, 2023
Issue Open	Oct 17, 2023	Sep 25, 2023
Issue Close	Oct 20, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 26, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 27, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 30, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 31, 2023	Oct 03, 2023
Anchor Lockin End date 1	Nov 25, 2023	Nov 02, 2023
Anchor Lockin End date 2	Jan 24, 2024	Jan 01, 2024

Financials & KPIs

Rajgor Castor Derivatives IPO P/E ratio is 1.66, as compared to Saakshi Medtech IPO P/E ratio of 10.18.

Rajgor Castor Derivatives IPO

Saakshi Medtech IPO

Financials

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	9,847.95	7,782.64	3,753.42	2,578.48	2,645.34
Total Income	11,276.10	42,887.35	4,091.30	1,100.69	1,497.33
Profit After Tax	192.57	554.47	52.19	-180.18	-97.02
Net Worth	2,558.24	2,365.55	201.90	149.71
Reserves and Surplus	2,343.54	2,150.97	190.12	137.93	318.12
Total Borrowing	5,178.96	4,450.93	1,809.51	2,286.28
Amount in ₹ Lakhs

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Total Income	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

100.00

Promoter Shareholding (Post-Issue)

73.63

P/E Ratio

1.66

10.18

Market Cap

₹119.58 Cr.

₹171.26 Cr.

ROE

43.19%

34.35%

ROCE

22.97%

28.57%

Debt/Equity

1.88

0.48

EPS

₹30.06

₹9.53

RoNW

23.44%

29.32%

Shares Offered

In the Rajgor Castor Derivatives IPO Retail Individual Investors (RII) are offered 31,74,000 shares while in Saakshi Medtech IPO retail investors are offered 31,74,000 shares. Qualified Institutional Buyers (QIB) are offered 18,12,000 shares in Rajgor Castor Derivatives IPO and 8,84,400 shares in Saakshi Medtech IPO.

	Rajgor Castor Derivatives IPO	Saakshi Medtech IPO
Anchor Investor Reserveration	27,12,000 shares	13,24,800 shares
Market Maker Reserveration	5,01,000 shares	2,35,200 shares
QIB	18,12,000 shares	8,84,400 shares
NII	13,62,000 shares	6,63,600 shares
RII	31,74,000 shares	15,48,000 shares
Employee
Others
Total	90,60,000 shares	44,20,800 shares

Bids Received (Subscription)

Rajgor Castor Derivatives IPO subscribed 107.43x in total, whereas Saakshi Medtech IPO subscribed 91.65x.

	Rajgor Castor Derivatives IPO	Saakshi Medtech IPO
QIB (times)	35.52x	37.35x
NII (times)	260.01x	200.78x
Big NII (times)
Small NII (times)
RII (times)	80.70x	75.88x
Employee (times)
Other (times)
Total (times)	107.43x	91.65x

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