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Radiant Cash Management IPO vs Sah Polymers IPO

Comparison between Radiant Cash Management IPO and Sah Polymers IPO.

IPO Details

Radiant Cash Management IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sah Polymers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Radiant Cash Management IPOSah Polymers IPO
LogoRadiant Cash Management IPO LogoSah Polymers IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersYES Securities (India) Ltd.

Motilal Oswal Investment Advisors Ltd.

IIFL Capital Services Ltd.		Pantomath Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Radiant Cash Management IPO is up to ₹256.64 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Radiant Cash Management IPO is ₹94.00 per share and of Sah Polymers IPO is ₹65.00 per share.

 Radiant Cash Management IPOSah Polymers IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹94.00 per share₹61.00 per share
Issue Price (Upper)₹99.00 per share₹65.00 per share
Issue Price (Final)₹94.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size150 shares230 shares
Fresh Issue Size54,54,546 shares1,02,00,000 shares
Fresh Issue Size (Amount)up to ₹52.47 Crup to ₹66.30 Cr
OFS Issue Size2,12,22,431 shares0 shares
OFS Issue Size (Amount)up to ₹204.17 Crup to ₹0.00 Cr
Issue Size Total2,66,76,977 shares1,02,00,000 shares
Issue Size Total (Amount)up to ₹256.64 Crup to ₹66.30 Cr

IPO Timetable

Radiant Cash Management IPO opens on Dec 23, 2022, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Radiant Cash Management IPO and Sah Polymers IPO is Dec 27, 2022, and Jan 04, 2023, respectively.

 Radiant Cash Management IPOSah Polymers IPO
Anchor Bid DateDec 22, 2022Dec 29, 2022
Issue OpenDec 23, 2022Dec 30, 2022
Issue CloseDec 27, 2022Jan 04, 2023
Basis Of Allotment (Tentative)Dec 30, 2022Jan 09, 2023
Initiation of Refunds (Tentative)Jan 02, 2023Jan 10, 2023
Credit of Share (Tentative)Jan 03, 2023Jan 11, 2023
Listing date (Tentative)Jan 04, 2023Jan 12, 2023
Anchor Lockin End date 1Jan 29, 2023Feb 08, 2023
Anchor Lockin End date 2Mar 30, 2023Apr 09, 2023

Financials & KPIs

Radiant Cash Management IPO P/E ratio is 17.34, as compared to Sah Polymers IPO P/E ratio of 33.51.

 Radiant Cash Management IPOSah Polymers IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets203.95190.57162.14157.62141.44
Total Income84.38286.97224.16251.78223.13
Profit After Tax15.3238.2132.4336.5025.02
NET Worth155.19139.76127.10119.57105.72
Reserves and Surplus0.000.000.000.000.00
Total Borrowing25.5426.7511.0521.1317.73
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets75.3568.6740.5835.93
Total Income27.5981.2355.3449.91
Profit After Tax1.254.381.270.30
NET Worth27.7426.6520.0918.81
Reserves and Surplus0.000.000.000.00
Total Borrowing33.1530.5413.7910.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)66.39100
Promoter Shareholding (Post-Issue)53.2160.46
P/E Ratio17.3433.51
Market Cap₹1062.41 Cr.₹167.67 Cr.
ROE27.3416.42
ROCE33.070.14
Debt/Equity0.21
EPS₹3.77₹2.81
RoNW27.3416.42

Shares Offered

In the Radiant Cash Management IPO Retail Individual Investors (RII) are offered 93,36,942 shares while in Sah Polymers IPO retail investors are offered 93,36,942 shares. Qualified Institutional Buyers (QIB) are offered 15,82,807 shares in Radiant Cash Management IPO and 30,60,000 shares in Sah Polymers IPO.

 Radiant Cash Management IPOSah Polymers IPO
Anchor Investor Reservation1,17,55,681 shares45,90,000 shares
Market Maker Reservation
QIB15,82,807 shares30,60,000 shares
NII40,01,547 shares15,30,000 shares
RII93,36,942 shares10,20,000 shares
Employee
Others
Total2,66,76,977 shares1,02,00,000 shares

Bids Received (Subscription)

Radiant Cash Management IPO subscribed 0.53x in total, whereas Sah Polymers IPO subscribed 17.46x.

 Radiant Cash Management IPOSah Polymers IPO
QIB (times)1.01x2.40x
NII (times)0.66x32.69x
Big NII (times)0.94x33.94x
Small NII (times)0.09x30.20x
RII (times)0.21x39.78x
Employee (times)
Other (times)
Total (times)0.53x17.46x

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Compare:

Radiant Cash Management IPO Vs Sah Polymers IPO