Comparison between Comrade Appliances IPO and Sahana System IPO.
Comrade Appliances IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sahana System IPO is a SME Bookbuilding proposed to list at NSE SME.
| Comrade Appliances IPO | Sahana System IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Interactive Financial Services Ltd. Unistone Capital Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Comrade Appliances IPO is up to ₹11.69 Cr whereas the issue size of the Sahana System IPO is up to ₹31.05 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Sahana System IPO is ₹135.00 per share.
| Comrade Appliances IPO | Sahana System IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | ₹132.00 per share |
| Issue Price (Upper) | ₹54.00 per share | ₹135.00 per share |
| Issue Price (Final) | ₹54.00 per share | ₹135.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1000 shares |
| Fresh Issue Size | 21,64,000 shares | 23,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹11.69 Cr | up to ₹31.05 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 | 21,64,000 shares | 23,00,000 shares |
| Issue Size Total (Amount) | up to ₹11.69 Cr | up to ₹31.05 Cr |
Comrade Appliances IPO opens on May 31, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Comrade Appliances IPO and Sahana System IPO is Jun 05, 2023, and Jun 02, 2023, respectively.
| Comrade Appliances IPO | Sahana System IPO | |
|---|---|---|
| Anchor Bid Date | May 30, 2023 | |
| Issue Open | May 31, 2023 | May 31, 2023 |
| Issue Close | Jun 05, 2023 | Jun 02, 2023 |
| Basis Of Allotment (Tentative) | Jun 08, 2023 | Jun 07, 2023 |
| Initiation of Refunds (Tentative) | Jun 09, 2023 | Jun 08, 2023 |
| Credit of Share (Tentative) | Jun 12, 2023 | Jun 09, 2023 |
| Listing date (Tentative) | Jun 13, 2023 | Jun 12, 2023 |
| Anchor Lockin End date 1 | Jul 08, 2023 | |
| Anchor Lockin End date 2 | Sep 06, 2023 |
Comrade Appliances IPO P/E ratio is 17.14, as compared to Sahana System IPO P/E ratio of 16.88.
| Comrade Appliances IPO | Sahana System IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 90.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.14 | 16.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹40.66 Cr. | ₹107.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 0.27 | 83.52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 0.16 | 61.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.96 | 0.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.15 | ₹11.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.73 | 59.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Comrade Appliances IPO Retail Individual Investors (RII) are offered 7,58,000 shares while in Sahana System IPO retail investors are offered 7,58,000 shares. Qualified Institutional Buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 2,30,000 shares in Sahana System IPO.
| Comrade Appliances IPO | Sahana System IPO | |
|---|---|---|
| Anchor Investor Reservation | 6,48,000 shares | |
| Market Maker Reservation | 1,14,000 shares | 1,25,000 shares |
| QIB | 4,32,000 shares | 2,30,000 shares |
| NII | 3,26,000 shares | 10,35,000 shares |
| RII | 7,58,000 shares | 10,35,000 shares |
| Employee | ||
| Others | ||
| Total | 21,64,000 shares | 23,00,000 shares |
Comrade Appliances IPO subscribed 77.25x in total, whereas Sahana System IPO subscribed 9.99x.
| Comrade Appliances IPO | Sahana System IPO | |
|---|---|---|
| QIB (times) | 21.86x | 9.70x |
| NII (times) | 162.67x | 7.07x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 72.08x | 12.97x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 77.25x | 9.99x |
