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Sahaj Fashions IPO vs Saroja Pharma IPO

Comparison between Sahaj Fashions IPO and Saroja Pharma IPO.

IPO Details

Sahaj Fashions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saroja Pharma IPO is a SME Fixed Price proposed to list at NSE SME.

 Sahaj Fashions IPOSaroja Pharma IPO
LogoSahaj Fashions IPO LogoSaroja Pharma IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersKhambatta Securities Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities Pvt.Ltd.Swastika Investmart Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sahaj Fashions IPO is up to ₹13.25 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Sahaj Fashions IPO is ₹30.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

 Sahaj Fashions IPOSaroja Pharma IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹30.00 per share₹84.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1600 shares
Fresh Issue Size42,40,000 shares10,30,400 shares
Fresh Issue Size (Amount)up to ₹12.72 Crup to ₹8.66 Cr
OFS Issue Size1,76,000 shares0 shares
OFS Issue Size (Amount)up to ₹0.53 Crup to ₹0.00 Cr
Issue Size Total44,16,000 shares10,30,400 shares
Issue Size Total (Amount)up to ₹13.25 Crup to ₹8.66 Cr

IPO Timetable

Sahaj Fashions IPO opens on Aug 25, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Sahaj Fashions IPO and Saroja Pharma IPO is Aug 29, 2023, and Sep 05, 2023, respectively.

 Sahaj Fashions IPOSaroja Pharma IPO
Anchor Bid Date
Issue OpenAug 25, 2023Aug 31, 2023
Issue CloseAug 29, 2023Sep 05, 2023
Basis Of Allotment (Tentative)Sep 01, 2023Sep 08, 2023
Initiation of Refunds (Tentative)Sep 04, 2023Sep 11, 2023
Credit of Share (Tentative)Sep 05, 2023Sep 12, 2023
Listing date (Tentative)Sep 06, 2023Sep 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sahaj Fashions IPO P/E ratio is , as compared to Saroja Pharma IPO P/E ratio of 23.27.

 Sahaj Fashions IPOSaroja Pharma IPO
Financials
Sahaj Fashions IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202228 Feb 2023
Assets6,476.396,711.736,998.597,179.34
Total Income9,933.617,475.548,698.369,101.07
Profit After Tax27.1931.9042.64288.71
Net Worth1,361.631,393.531,435.781,724.07
Reserves and Surplus620.41652.32694.56982.85
Total Borrowing1,019.031,608.651,795.461,519.24
Amount in ₹ Lakhs
Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets822.391,551.192,133.99
Total Income3,674.675,595.675,035.09
Profit After Tax73.13114.01106.06
Net Worth93.59402.60508.66
Reserves and Surplus92.59380.02215.09
Total Borrowing301.77613.881,018.86
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.95100.00
Promoter Shareholding (Post-Issue)73.02
P/E Ratio23.27
Market Cap₹39.50 Cr.₹33.77 Cr.
ROE0.15%
ROCE0.25%
Debt/Equity2.00
EPS₹3.61
RoNW20.85%

Shares Offered

In the Sahaj Fashions IPO Retail Individual Investors (RII) are offered 22,08,000 shares while in Saroja Pharma IPO retail investors are offered 22,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Sahaj Fashions IPO and in Saroja Pharma IPO.

 Sahaj Fashions IPOSaroja Pharma IPO
Anchor Investor Reserveration
Market Maker Reserveration2,36,000 shares54,400 shares
QIB
NII22,08,000 shares5,15,200 shares
RII22,08,000 shares5,15,200 shares
Employee
Others
Total44,16,000 shares10,30,400 shares

Bids Received (Subscription)

Sahaj Fashions IPO subscribed 7.75x in total, whereas Saroja Pharma IPO subscribed 8.88x.

 Sahaj Fashions IPOSaroja Pharma IPO
QIB (times)
NII (times)3.78x2.90x
Big NII (times)
Small NII (times)
RII (times)11.72x14.83x
Employee (times)
Other (times)
Total (times)7.75x8.88x