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Sahaj Solar IPO vs Three M Paper Boards IPO

Comparison between Sahaj Solar IPO and Three M Paper Boards IPO.

IPO Details

Sahaj Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Three M Paper Boards IPO is a SME Bookbuilding proposed to list at BSE SME.

 Sahaj Solar IPOThree M Paper Boards IPO
LogoSahaj Solar IPO LogoThree M Paper Boards IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersKunvarji Finstock Pvt.Ltd.Comfort Securities Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Comfort Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sahaj Solar IPO is up to ₹49.89 Cr whereas the issue size of the Three M Paper Boards IPO is up to ₹37.83 Cr. The final issue price of Sahaj Solar IPO is ₹180.00 per share and of Three M Paper Boards IPO is ₹69.00 per share.

 Sahaj Solar IPOThree M Paper Boards IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹171.00 per share₹67.00 per share
Issue Price (Upper)₹180.00 per share₹69.00 per share
Issue Price (Final)₹180.00 per share₹69.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹15.00 per share
Market Lot Size800 shares2000 shares
Fresh Issue Size27,73,600 shares54,82,000 shares
Fresh Issue Size (Amount)up to ₹49.89 Crup to ₹37.83 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,73,600 shares54,82,000 shares
Issue Size Total (Amount)up to ₹49.89 Crup to ₹37.83 Cr

IPO Timetable

Sahaj Solar IPO opens on Jul 11, 2024, while Three M Paper Boards IPO opens on Jul 12, 2024. The closing date of Sahaj Solar IPO and Three M Paper Boards IPO is Jul 15, 2024, and Jul 16, 2024, respectively.

 Sahaj Solar IPOThree M Paper Boards IPO
Anchor Bid DateJul 10, 2024Jul 11, 2024
Issue OpenJul 11, 2024Jul 12, 2024
Issue CloseJul 15, 2024Jul 16, 2024
Basis Of Allotment (Tentative)Jul 16, 2024Jul 18, 2024
Initiation of Refunds (Tentative)Jul 18, 2024Jul 19, 2024
Credit of Share (Tentative)Jul 18, 2024Jul 19, 2024
Listing date (Tentative)Jul 19, 2024Jul 22, 2024
Anchor Lockin End date 1Aug 15, 2024Aug 17, 2024
Anchor Lockin End date 2Oct 14, 2024Oct 16, 2024

Financials & KPIs

Sahaj Solar IPO P/E ratio is 10.86, as compared to Three M Paper Boards IPO P/E ratio of 8.19.

 Sahaj Solar IPOThree M Paper Boards IPO
Financials

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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets14,936.409,081.506,103.223,463.94
Total Income20,171.5518,580.486,728.956,218.78
Profit After Tax1,337.29648.37102.5070.58
Net Worth3,293.121,637.301,002.05922.01
Reserves and Surplus2,496.78859.22479.99405.40
Total Borrowing5,680.861,361.971,711.351,502.87
Amount in ₹ Lakhs

Three M Paper Boards Limited Financial Information (Restated Consolidated)

Three M Paper Boards Limited's revenue decreased by -16.3% and profit after tax (PAT) rose by 71.53% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets19,519.8818,942.5518,150.4414,225.50
Total Income27,601.5632,974.9231,600.4916,552.14
Profit After Tax1,134.72661.53327.56172.63
Net Worth6,110.394,725.674,064.143,736.58
Reserves and Surplus4,763.854,070.653,409.123,081.56
Total Borrowing7,264.088,182.407,802.065,353.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.09100.00
Promoter Shareholding (Post-Issue)71.2870.00
P/E Ratio10.868.19
Market Cap₹197.75 Cr.₹132.74 Cr.
ROE39.96%18.57%
ROCE26.47%19.71%
Debt/Equity1.19
EPS₹16.58₹8.43
RoNW39.96%18.51%

Shares Offered

In the Sahaj Solar IPO Retail Individual Investors (RII) are offered 9,62,400 shares while in Three M Paper Boards IPO retail investors are offered 9,62,400 shares. Qualified Institutional Buyers (QIB) are offered 5,50,400 shares in Sahaj Solar IPO and 10,96,000 shares in Three M Paper Boards IPO.

 Sahaj Solar IPOThree M Paper Boards IPO
Anchor Investor Reserveration8,24,000 shares16,42,000 shares
Market Maker Reserveration1,46,400 shares2,90,000 shares
QIB5,50,400 shares10,96,000 shares
NII4,12,800 shares8,24,000 shares
RII9,62,400 shares19,20,000 shares
Employee24,000 shares
Others
Total27,73,600 shares54,82,000 shares

Bids Received (Subscription)

Sahaj Solar IPO subscribed 507.21x in total, whereas Three M Paper Boards IPO subscribed 171.33x.

 Sahaj Solar IPOThree M Paper Boards IPO
QIB (times)214.27x79.37x
NII (times)862.35x284.67x
Big NII (times)
Small NII (times)
RII (times)535.03x175.19x
Employee (times)
Other (times)
Total (times)507.21x171.33x