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Purv Flexipack IPO vs Sadhav Shipping IPO

Comparison between Purv Flexipack IPO and Sadhav Shipping IPO.

IPO Details

Purv Flexipack IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price proposed to list at NSE SME.

 Purv Flexipack IPOSadhav Shipping IPO
LogoPurv Flexipack IPO LogoSadhav Shipping IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHolani Consultants Pvt.Ltd.ISK Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerHolani Consultants Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO 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 Sadhav Shipping IPO is up to ₹36.25 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

 Purv Flexipack IPOSadhav Shipping IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹70.00 per share
Issue Price (Upper)₹71.00 per share
Issue Price (Final)₹71.00 per share₹95.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size53,15,200 shares38,16,000 shares
Fresh Issue Size (Amount)up to ₹37.74 Crup to ₹36.25 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total53,15,200 shares38,16,000 shares
Issue Size Total (Amount)up to ₹37.74 Crup to ₹36.25 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of Purv Flexipack IPO and Sadhav Shipping IPO is Feb 29, 2024, and Feb 27, 2024, respectively.

 Purv Flexipack IPOSadhav Shipping IPO
Anchor Bid DateFeb 26, 2024
Issue OpenFeb 27, 2024Feb 23, 2024
Issue CloseFeb 29, 2024Feb 27, 2024
Basis Of Allotment (Tentative)Mar 01, 2024Feb 28, 2024
Initiation of Refunds (Tentative)Mar 04, 2024Feb 29, 2024
Credit of Share (Tentative)Mar 04, 2024Feb 29, 2024
Listing date (Tentative)Mar 05, 2024Mar 01, 2024
Anchor Lockin End date 1Mar 31, 2024
Anchor Lockin End date 2May 30, 2024

Financials & KPIs

Purv Flexipack IPO P/E ratio is 13.17, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

 Purv Flexipack IPOSadhav Shipping 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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets28,315.6425,852.8318,146.7315,417.62
Total Income13,935.7934,107.8322,943.8113,780.26
Profit After Tax430.13826.13626.73567.50
Net Worth8,152.427,619.226,793.095,898.36
Reserves and Surplus6,740.546,207.345,381.214,486.48
Total Borrowing15,013.9612,350.988,340.107,077.77
Amount in ₹ Lakhs

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets13,113.4911,628.716,909.446,117.64
Total Income3,385.697,890.596,977.946,123.67
Profit After Tax406.97775.44300.93330.77
Net Worth4,501.444,094.463,503.513,205.61
Reserves and Surplus4,206.183,799.213,208.262,910.36
Total Borrowing6,681.845,527.452,083.081,776.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.1796.44
Promoter Shareholding (Post-Issue)69.44
P/E Ratio13.1712.66
Market Cap₹148.98 Cr.₹136.35 Cr.
ROE11.46%20.41%
ROCE18.50%14.36%
Debt/Equity1.62
EPS₹5.39₹7.50
RoNW10.84%18.94%

Shares Offered

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

 Purv Flexipack IPOSadhav Shipping IPO
Anchor Investor Reserveration15,16,800 shares
Market Maker Reserveration3,48,800 shares2,02,800 shares
QIB10,52,800 shares
NII8,44,800 shares19,08,000 shares
RII19,00,800 shares19,08,000 shares
Employee
Others
Total53,15,200 shares38,16,000 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

 Purv Flexipack IPOSadhav Shipping IPO
QIB (times)157.32x
NII (times)690.72x184.58x
Big NII (times)
Small NII (times)
RII (times)448.73x65.52x
Employee (times)
Other (times)
Total (times)421.78x135.69x