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Sahaj Fashions IPO vs Shoora Designs IPO

Comparison between Sahaj Fashions IPO and Shoora Designs IPO.

IPO Details

Sahaj Fashions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shoora Designs IPO is a SME Fixed Price proposed to list at BSE SME.

 Sahaj Fashions IPOShoora Designs IPO
LogoSahaj Fashions IPO LogoShoora Designs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersKhambatta Securities Ltd.Swaraj shares & securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities Pvt.Ltd.Rikhav Securities 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 Shoora Designs IPO is up to ₹1.90 Cr. The final issue price of Sahaj Fashions IPO is ₹30.00 per share and of Shoora Designs IPO is ₹48.00 per share.

 Sahaj Fashions IPOShoora Designs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹30.00 per share₹48.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares3000 shares
Fresh Issue Size42,40,000 shares3,96,000 shares
Fresh Issue Size (Amount)up to ₹12.72 Crup to ₹1.90 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 shares3,96,000 shares
Issue Size Total (Amount)up to ₹13.25 Crup to ₹1.90 Cr

IPO Timetable

Sahaj Fashions IPO opens on Aug 25, 2023, while Shoora Designs IPO opens on Aug 17, 2023. The closing date of Sahaj Fashions IPO and Shoora Designs IPO is Aug 29, 2023, and Aug 21, 2023, respectively.

 Sahaj Fashions IPOShoora Designs IPO
Anchor Bid Date
Issue OpenAug 25, 2023Aug 17, 2023
Issue CloseAug 29, 2023Aug 21, 2023
Basis Of Allotment (Tentative)Sep 01, 2023Aug 24, 2023
Initiation of Refunds (Tentative)Sep 04, 2023Aug 25, 2023
Credit of Share (Tentative)Sep 05, 2023Aug 28, 2023
Listing date (Tentative)Sep 06, 2023Aug 29, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sahaj Fashions IPO P/E ratio is , as compared to Shoora Designs IPO P/E ratio of 35.82.

 Sahaj Fashions IPOShoora Designs 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
Shoora Designs IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets0.7515.03168.99
Total Income16.26210.61
Profit After Tax-0.503.9111.46
Net Worth0.504.41158.59
Reserves and Surplus-0.503.4151.02
Total Borrowing0.30
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.95100.00
Promoter Shareholding (Post-Issue)71.77
P/E Ratio35.82
Market Cap₹39.50 Cr.₹7.19 Cr.
ROE14.06%
ROCE9.89%
Debt/Equity
EPS₹1.34
RoNW7.22%

Shares Offered

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

 Sahaj Fashions IPOShoora Designs IPO
Anchor Investor Reserveration
Market Maker Reserveration2,36,000 shares27,000 shares
QIB
NII22,08,000 shares1,98,000 shares
RII22,08,000 shares1,98,000 shares
Employee
Others
Total44,16,000 shares3,96,000 shares

Bids Received (Subscription)

Sahaj Fashions IPO subscribed 7.75x in total, whereas Shoora Designs IPO subscribed 64.52x.

 Sahaj Fashions IPOShoora Designs IPO
QIB (times)
NII (times)3.78x34.68x
Big NII (times)
Small NII (times)
RII (times)11.72x93.73x
Employee (times)
Other (times)
Total (times)7.75x64.52x