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Hemant Surgical Industries IPO vs Sahana System IPO

Comparison between Hemant Surgical Industries IPO and Sahana System IPO.

IPO Details

Hemant Surgical Industries 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.

 Hemant Surgical Industries IPOSahana System IPO
LogoHemant Surgical Industries IPO LogoSahana System IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Hemant Surgical Industries IPO is up to ₹23.54 Cr whereas the issue size of the Sahana System IPO is up to ₹31.05 Cr. The final issue price of Hemant Surgical Industries IPO is ₹90.00 per share and of Sahana System IPO is ₹135.00 per share.

 Hemant Surgical Industries IPOSahana System IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹85.00 per share₹132.00 per share
Issue Price (Upper)₹90.00 per share₹135.00 per share
Issue Price (Final)₹90.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size26,16,000 shares23,00,000 shares
Fresh Issue Size (Amount)up to ₹23.54 Crup to ₹31.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,16,000 shares23,00,000 shares
Issue Size Total (Amount)up to ₹23.54 Crup to ₹31.05 Cr

IPO Timetable

Hemant Surgical Industries IPO opens on May 24, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Hemant Surgical Industries IPO and Sahana System IPO is May 26, 2023, and Jun 02, 2023, respectively.

 Hemant Surgical Industries IPOSahana System IPO
Anchor Bid DateMay 23, 2023
Issue OpenMay 24, 2023May 31, 2023
Issue CloseMay 26, 2023Jun 02, 2023
Basis Of Allotment (Tentative)May 31, 2023Jun 07, 2023
Initiation of Refunds (Tentative)Jun 01, 2023Jun 08, 2023
Credit of Share (Tentative)Jun 02, 2023Jun 09, 2023
Listing date (Tentative)Jun 05, 2023Jun 12, 2023
Anchor Lockin End date 1Jun 30, 2023
Anchor Lockin End date 2Aug 29, 2023

Financials & KPIs

Hemant Surgical Industries IPO P/E ratio is 12.28, as compared to Sahana System IPO P/E ratio of 16.88.

 Hemant Surgical Industries IPOSahana System IPO
Financials
Hemant Surgical Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-214,289.846,065.19114.53836.61653.381,446.35
31-Mar-225,437.5910,577.02461.401,298.011,114.78973.80
31-Mar-236,490.7911,149.68765.112,359.901,591.90711.92
Amount in ₹ Lakhs
Sahana System Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-21772.93331.4716.4417.4416.44723.25
31-Mar-221,498.911,217.39141.18452.06142.53512.59
31-Mar-232,417.822,414.23639.641,079.71522.56477.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0090.25
Promoter Shareholding (Post-Issue)73.56
P/E Ratio12.2816.88
Market Cap₹93.96 Cr.₹107.95 Cr.
ROE32.42%83.52%
ROCE37.98%61.05%
Debt/Equity0.300.44
EPS₹10.26₹11.48
RoNW32.42%59.24%

Shares Offered

In the Hemant Surgical Industries IPO Retail Individual Investors (RII) are offered 9,16,800 shares while in Sahana System IPO retail investors are offered 9,16,800 shares. Qualified Institutional Buyers (QIB) are offered 5,23,200 shares in Hemant Surgical Industries IPO and 2,30,000 shares in Sahana System IPO.

 Hemant Surgical Industries IPOSahana System IPO
Anchor Investor Reserveration7,82,400 shares
Market Maker Reserveration1,44,000 shares1,25,000 shares
QIB5,23,200 shares2,30,000 shares
NII3,93,600 shares10,35,000 shares
RII9,16,800 shares10,35,000 shares
Employee
Others
Total26,16,000 shares23,00,000 shares

Bids Received (Subscription)

Hemant Surgical Industries IPO subscribed 150.59x in total, whereas Sahana System IPO subscribed 9.99x.

 Hemant Surgical Industries IPOSahana System IPO
QIB (times)41.05x9.70x
NII (times)277.26x7.07x
Big NII (times)
Small NII (times)
RII (times)158.73x12.97x
Employee (times)
Other (times)
Total (times)150.59x9.99x