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Sadhav Shipping IPO vs Sona Machinery IPO

Comparison between Sadhav Shipping IPO and Sona Machinery IPO.

IPO Details

Sadhav Shipping 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.

 Sadhav Shipping IPOSona Machinery IPO
LogoSadhav Shipping IPO LogoSona Machinery IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersISK Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sadhav Shipping IPO is up to ₹36.25 Cr whereas the issue size of the Sona Machinery IPO is up to ₹49.22 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Sona Machinery IPO is ₹143.00 per share.

 Sadhav Shipping IPOSona Machinery IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹136.00 per share
Issue Price (Upper)₹143.00 per share
Issue Price (Final)₹95.00 per share₹143.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size38,16,000 shares34,42,000 shares
Fresh Issue Size (Amount)up to ₹36.25 Crup to ₹49.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,16,000 shares34,42,000 shares
Issue Size Total (Amount)up to ₹36.25 Crup to ₹49.22 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Sadhav Shipping IPO and Sona Machinery IPO is Feb 27, 2024, and Mar 07, 2024, respectively.

 Sadhav Shipping IPOSona Machinery IPO
Anchor Bid DateMar 04, 2024
Issue OpenFeb 23, 2024Mar 05, 2024
Issue CloseFeb 27, 2024Mar 07, 2024
Basis Of Allotment (Tentative)Feb 28, 2024Mar 11, 2024
Initiation of Refunds (Tentative)Feb 29, 2024Mar 12, 2024
Credit of Share (Tentative)Feb 29, 2024Mar 12, 2024
Listing date (Tentative)Mar 01, 2024Mar 13, 2024
Anchor Lockin End date 1Apr 10, 2024
Anchor Lockin End date 2Jun 09, 2024

Financials & KPIs

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Sona Machinery IPO P/E ratio of 18.8.

 Sadhav Shipping IPOSona Machinery IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets131.13116.2969.0961.18
Total Income33.8678.9169.7861.24
Profit After Tax4.077.753.013.31
NET Worth45.0140.9435.0432.06
Reserves and Surplus42.0637.9932.0829.10
Total Borrowing66.8255.2720.8317.76
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets42.1128.5815.177.32
Total Income62.8881.1844.536.06
Profit After Tax6.487.683.260.28
NET Worth17.8011.323.640.38
Reserves and Surplus7.7011.223.540.28
Total Borrowing1.132.532.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.44100.00
Promoter Shareholding (Post-Issue)69.4473.59
P/E Ratio12.6618.8
Market Cap₹136.35 Cr.₹196.25 Cr.
ROE20.41%44.49%
ROCE14.36%46.61%
Debt/Equity0.06
EPS₹7.50₹7.61
RoNW18.94%36.39%

Shares Offered

In the Sadhav Shipping IPO Retail Individual Investors (RII) are offered 19,08,000 shares while in Sona Machinery IPO retail investors are offered 19,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Sadhav Shipping IPO and 6,88,000 shares in Sona Machinery IPO.

 Sadhav Shipping IPOSona Machinery IPO
Anchor Investor Reservation10,32,000 shares
Market Maker Reservation2,02,800 shares1,82,000 shares
QIB6,88,000 shares
NII19,08,000 shares5,17,000 shares
RII19,08,000 shares12,05,000 shares
Employee
Others
Total38,16,000 shares34,42,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 135.69x in total, whereas Sona Machinery IPO subscribed 273.50x.

 Sadhav Shipping IPOSona Machinery IPO
QIB (times)129.72x
NII (times)184.58x554.42x
Big NII (times)
Small NII (times)
RII (times)65.52x235.06x
Employee (times)
Other (times)
Total (times)135.69x273.50x

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Compare:

Sadhav Shipping IPO Vs Sona Machinery IPO