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Proventus Agrocom IPO vs Sahana System IPO

Comparison between Proventus Agrocom IPO and Sahana System IPO.

IPO Details

Proventus Agrocom 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.

 Proventus Agrocom IPOSahana System IPO
LogoProventus Agrocom IPO LogoSahana System IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSundae Capital Advisors Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerAjcon Global Services Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Proventus Agrocom IPO is up to ₹66.06 Cr whereas the issue size of the Sahana System IPO is up to ₹31.05 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Sahana System IPO is ₹135.00 per share.

 Proventus Agrocom IPOSahana System IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹132.00 per share
Issue Price (Upper)₹135.00 per share
Issue Price (Final)₹771.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size160 shares1000 shares
Fresh Issue Size6,26,653 shares23,00,000 shares
Fresh Issue Size (Amount)up to ₹48.31 Crup to ₹31.05 Cr
OFS Issue Size2,30,147 shares0 shares
OFS Issue Size (Amount)up to ₹17.74 Crup to ₹0.00 Cr
Issue Size Total8,56,800 shares23,00,000 shares
Issue Size Total (Amount)up to ₹66.06 Crup to ₹31.05 Cr

IPO Timetable

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

 Proventus Agrocom IPOSahana System IPO
Anchor Bid Date
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 1
Anchor Lockin End date 2

Financials & KPIs

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Sahana System IPO P/E ratio of 16.88.

 Proventus Agrocom IPOSahana System IPO
Financials
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
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)92.2990.25
Promoter Shareholding (Post-Issue)70.84
P/E Ratio186.2316.88
Market Cap₹264.27 Cr.₹107.95 Cr.
ROE0.04%83.52%
ROCE0.05%61.05%
Debt/Equity0.560.44
EPS₹4.14₹11.48
RoNW3.08%59.24%

Shares Offered

In the Proventus Agrocom IPO Retail Individual Investors (RII) are offered 4,28,450 shares while in Sahana System IPO retail investors are offered 4,28,450 shares. Qualified Institutional Buyers (QIB) are offered in Proventus Agrocom IPO and 2,30,000 shares in Sahana System IPO.

 Proventus Agrocom IPOSahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration45,120 shares1,25,000 shares
QIB2,30,000 shares
NII4,28,450 shares10,35,000 shares
RII4,28,450 shares10,35,000 shares
Employee
Others
Total8,56,900 shares23,00,000 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Sahana System IPO subscribed 9.99x.

 Proventus Agrocom IPOSahana System IPO
QIB (times)9.70x
NII (times)4.65x7.07x
Big NII (times)
Small NII (times)
RII (times)0.74x12.97x
Employee (times)
Other (times)
Total (times)2.70x9.99x