Infollion Research IPO vs Sahana System IPO

Comparison between Infollion Research IPO and Sahana System IPO.

IPO Details

Infollion Research IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sahana System IPO is a SME Bookbuilding proposed to list at NSE SME.

	Infollion Research IPO	Sahana System IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Holani Consultants Pvt.Ltd.	Interactive Financial Services Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Purva Sharegistry (India) Pvt.Ltd.
Market Maker	Holani Consultants Pvt.Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Infollion Research IPO is up to ₹20.36 Cr whereas the issue size of the Sahana System IPO is up to ₹31.05 Cr. The final issue price of Infollion Research IPO is ₹82.00 per share and of Sahana System IPO is ₹135.00 per share.

	Infollion Research IPO	Sahana System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹132.00 per share
Issue Price (Upper)	₹82.00 per share	₹135.00 per share
Issue Price (Final)	₹82.00 per share	₹135.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	20,91,200 shares	23,00,000 shares
Fresh Issue Size (Amount)	up to ₹17.15 Cr	up to ₹31.05 Cr
OFS Issue Size	3,92,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹3.21 Cr	up to ₹0.00 Cr
Issue Size Total	24,83,200 shares	23,00,000 shares
Issue Size Total (Amount)	up to ₹20.36 Cr	up to ₹31.05 Cr

IPO Timetable

Infollion Research IPO opens on May 29, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Infollion Research IPO and Sahana System IPO is May 31, 2023, and Jun 02, 2023, respectively.

	Infollion Research IPO	Sahana System IPO
Anchor Bid Date	May 26, 2023
Issue Open	May 29, 2023	May 31, 2023
Issue Close	May 31, 2023	Jun 02, 2023
Basis Of Allotment (Tentative)	Jun 05, 2023	Jun 07, 2023
Initiation of Refunds (Tentative)	Jun 06, 2023	Jun 08, 2023
Credit of Share (Tentative)	Jun 07, 2023	Jun 09, 2023
Listing date (Tentative)	Jun 08, 2023	Jun 12, 2023
Anchor Lockin End date 1	Jul 05, 2023
Anchor Lockin End date 2	Sep 03, 2023

Financials & KPIs

Infollion Research IPO P/E ratio is 14.24, as compared to Sahana System IPO P/E ratio of 16.88.

Infollion Research IPO

Sahana System IPO

Financials

Infollion Research Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	848.74	1,606.46	207.65	702.47	700.98	0.00
31-Mar-22	1,181.32	2,220.13	340.66	1,043.12	1,041.64	0.00
31-Mar-23	1,800.55	3,529.92	557.92	1,601.05	854.36	0.00
Amount in ₹ Lakhs

Sahana System Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	772.93	331.47	16.44	17.44	16.44	723.25
31-Mar-22	1,498.91	1,217.39	141.18	452.06	142.53	512.59
31-Mar-23	2,417.82	2,414.23	639.64	1,079.71	522.56	477.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.09

90.25

Promoter Shareholding (Post-Issue)

P/E Ratio

14.24

16.88

Market Cap

₹79.47 Cr.

₹107.95 Cr.

ROE

42.20%

83.52%

ROCE

61.05%

Debt/Equity

0.44

EPS

₹11.48

RoNW

59.24%

Shares Offered

In the Infollion Research IPO Retail Individual Investors (RII) are offered 8,70,400 shares while in Sahana System IPO retail investors are offered 8,70,400 shares. Qualified Institutional Buyers (QIB) are offered 4,83,200 shares in Infollion Research IPO and 2,30,000 shares in Sahana System IPO.

	Infollion Research IPO	Sahana System IPO
Anchor Investor Reserveration	7,24,800 shares
Market Maker Reserveration	1,32,800 shares	1,25,000 shares
QIB	4,83,200 shares	2,30,000 shares
NII	4,04,800 shares	10,35,000 shares
RII	8,70,400 shares	10,35,000 shares
Employee
Others
Total	24,83,200 shares	23,00,000 shares

Bids Received (Subscription)

Infollion Research IPO subscribed 279.24x in total, whereas Sahana System IPO subscribed 9.99x.

	Infollion Research IPO	Sahana System IPO
QIB (times)	70.72x	9.70x
NII (times)	560.71x	7.07x
Big NII (times)
Small NII (times)
RII (times)	264.10x	12.97x
Employee (times)
Other (times)
Total (times)	279.24x	9.99x

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