Sah Polymers IPO vs Sula Vineyards IPO

Comparison between Sah Polymers IPO and Sula Vineyards IPO.

IPO Details

Sah Polymers IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sula Vineyards IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Sah Polymers IPO is up to ₹66.30 Cr whereas the issue size of the Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Sah Polymers IPO is ₹65.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

 Sah Polymers IPOSula Vineyards IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹61.00 per share₹340.00 per share
Issue Price (Upper)₹65.00 per share₹357.00 per share
Issue Price (Final)₹65.00 per share₹357.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size230 shares42 shares
Fresh Issue Size1,02,00,000 shares0 shares
Fresh Issue Size (Amount)up to ₹66.30 Crup to ₹0.00 Cr
OFS Issue Size0 shares2,69,00,530 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹960.35 Cr
Issue Size Total1,02,00,000 shares2,69,00,530 shares
Issue Size Total (Amount)up to ₹66.30 Crup to ₹960.35 Cr

IPO Timetable

Sah Polymers IPO opens on Dec 30, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Sah Polymers IPO and Sula Vineyards IPO is Jan 04, 2023, and Dec 14, 2022, respectively.

 Sah Polymers IPOSula Vineyards IPO
Anchor Bid DateDec 29, 2022Dec 09, 2022
Issue OpenDec 30, 2022Dec 12, 2022
Issue CloseJan 04, 2023Dec 14, 2022
Basis Of Allotment (Tentative)Jan 09, 2023Dec 19, 2022
Initiation of Refunds (Tentative)Jan 10, 2023Dec 20, 2022
Credit of Share (Tentative)Jan 11, 2023Dec 21, 2022
Listing date (Tentative)Jan 12, 2023Dec 22, 2022
Anchor Lockin End date 1Feb 08, 2023Jan 18, 2023
Anchor Lockin End date 2Apr 09, 2023Mar 19, 2023

Financials & KPIs

Sah Polymers IPO P/E ratio is 33.51, as compared to Sula Vineyards IPO P/E ratio of 49.24.

 Sah Polymers IPOSula Vineyards IPO
Financials

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

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202230 Sep 202131 Mar 202131 Mar 2020
Assets770.95758.56717.55751.60831.04
Total Income225.76456.70160.46421.53523.21
Profit After Tax30.5152.144.533.01-15.94
NET Worth449.19395.26344.32304.74299.95
Reserves and Surplus0.000.000.00
Total Borrowing214.64228.93262.45301.26368.24
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10028.44
Promoter Shareholding (Post-Issue)60.4627.33
P/E Ratio33.5149.24
Market Cap₹167.67 Cr.₹3005.90 Cr.
ROE16.4213.19
ROCE0.1420.86
Debt/Equity0.58
EPS₹2.81₹6.53
RoNW16.4211.45

Shares Offered

In the Sah Polymers IPO Retail Individual Investors (RII) are offered 10,20,000 shares while in Sula Vineyards IPO retail investors are offered 10,20,000 shares. Qualified Institutional Buyers (QIB) are offered 30,60,000 shares in Sah Polymers IPO and 53,80,106 shares in Sula Vineyards IPO.

 Sah Polymers IPOSula Vineyards IPO
Anchor Investor Reservation45,90,000 shares80,70,158 shares
Market Maker Reservation
QIB30,60,000 shares53,80,106 shares
NII15,30,000 shares40,35,080 shares
RII10,20,000 shares94,15,186 shares
Employee
Others
Total1,02,00,000 shares2,69,00,530 shares

Bids Received (Subscription)

Sah Polymers IPO subscribed 17.46x in total, whereas Sula Vineyards IPO subscribed 2.33x.

 Sah Polymers IPOSula Vineyards IPO
QIB (times)2.40x4.13x
NII (times)32.69x1.51x
Big NII (times)33.94x1.69x
Small NII (times)30.20x1.15x
RII (times)39.78x1.65x
Employee (times)
Other (times)
Total (times)17.46x2.33x

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