Nephro Care IPO vs Sahaj Solar IPO

Comparison between Nephro Care IPO and Sahaj Solar IPO.

IPO Details

Nephro Care IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sahaj Solar IPO is a SME Bookbuilding proposed to list at NSE SME.

	Nephro Care IPO	Sahaj Solar IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Kunvarji Finstock Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	SS Corporate Securities Ltd.	Aftertrade Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Nephro Care IPO is up to ₹39.18 Cr whereas the issue size of the Sahaj Solar IPO is up to ₹49.89 Cr. The final issue price of Nephro Care IPO is ₹90.00 per share and of Sahaj Solar IPO is ₹180.00 per share.

	Nephro Care IPO	Sahaj Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹85.00 per share	₹171.00 per share
Issue Price (Upper)	₹90.00 per share	₹180.00 per share
Issue Price (Final)	₹90.00 per share	₹180.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹0.00 per share	₹15.00 per share
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	43,53,600 shares	27,73,600 shares
Fresh Issue Size (Amount)	up to ₹39.18 Cr	up to ₹49.89 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	43,53,600 shares	27,73,600 shares
Issue Size Total (Amount)	up to ₹39.18 Cr	up to ₹49.89 Cr

IPO Timetable

Nephro Care IPO opens on Jun 28, 2024, while Sahaj Solar IPO opens on Jul 11, 2024. The closing date of Nephro Care IPO and Sahaj Solar IPO is Jul 02, 2024, and Jul 15, 2024, respectively.

	Nephro Care IPO	Sahaj Solar IPO
Anchor Bid Date	Jun 27, 2024	Jul 10, 2024
Issue Open	Jun 28, 2024	Jul 11, 2024
Issue Close	Jul 02, 2024	Jul 15, 2024
Basis Of Allotment (Tentative)	Jul 03, 2024	Jul 16, 2024
Initiation of Refunds (Tentative)	Jul 04, 2024	Jul 18, 2024
Credit of Share (Tentative)	Jul 04, 2024	Jul 18, 2024
Listing date (Tentative)	Jul 05, 2024	Jul 19, 2024
Anchor Lockin End date 1	Aug 02, 2024	Aug 15, 2024
Anchor Lockin End date 2	Oct 01, 2024	Oct 14, 2024

Financials & KPIs

Nephro Care IPO P/E ratio is 55.15, as compared to Sahaj Solar IPO P/E ratio of 10.86.

Nephro Care IPO

Sahaj Solar IPO

Financials

Nephro Care India Limited Financial Information (Restated)

Nephro Care India Limited's revenue increased by 398.84% and profit after tax (PAT) rose by 19920.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,029.85	831.11	462.93	112.84
Total Income	1,989.60	1,709.51	342.70	183.26
Profit After Tax	340.04	194.24	-0.98	8.87
Net Worth	1,392.32	243.76	49.52	1.50
Reserves and Surplus	1,332.81	193.76	-0.48	0.50
Total Borrowing		246.39	253.74	69.27
Amount in ₹ Lakhs

Sahaj Solar Limited Financial Information (Restated Consolidated)

Sahaj Solar Limited's revenue increased by 8.56% and profit after tax (PAT) rose by 106.25% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,936.40	9,081.50	6,103.22	3,463.94
Total Income	20,171.55	18,580.48	6,728.95	6,218.78
Profit After Tax	1,337.29	648.37	102.50	70.58
Net Worth	3,293.12	1,637.30	1,002.05	922.01
Reserves and Surplus	2,496.78	859.22	479.99	405.40
Total Borrowing	5,680.86	1,361.97	1,711.35	1,502.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.02

97.09

Promoter Shareholding (Post-Issue)

61.39

71.28

P/E Ratio

55.15

10.86

Market Cap

₹148.38 Cr.

₹197.75 Cr.

ROE

41.57%

39.96%

ROCE

36.56%

26.47%

Debt/Equity

EPS

₹1.63

₹16.58

RoNW

24.42%

39.96%

Shares Offered

In the Nephro Care IPO Retail Individual Investors (RII) are offered 14,44,800 shares while in Sahaj Solar IPO retail investors are offered 14,44,800 shares. Qualified Institutional Buyers (QIB) are offered 8,25,600 shares in Nephro Care IPO and 5,50,400 shares in Sahaj Solar IPO.

	Nephro Care IPO	Sahaj Solar IPO
Anchor Investor Reserveration	12,38,400 shares	8,24,000 shares
Market Maker Reserveration	2,30,400 shares	1,46,400 shares
QIB	8,25,600 shares	5,50,400 shares
NII	6,19,200 shares	4,12,800 shares
RII	14,44,800 shares	9,62,400 shares
Employee	2,25,600 shares	24,000 shares
Others
Total	43,53,600 shares	27,73,600 shares

Bids Received (Subscription)

Nephro Care IPO subscribed 715.78x in total, whereas Sahaj Solar IPO subscribed 507.21x.

	Nephro Care IPO	Sahaj Solar IPO
QIB (times)	245.14x	214.27x
NII (times)	1,787.19x	862.35x
Big NII (times)
Small NII (times)
RII (times)	634.12x	535.03x
Employee (times)
Other (times)
Total (times)	715.78x	507.21x

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