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Sahana System IPO vs Sonalis Consumer Products IPO

Comparison between Sahana System IPO and Sonalis Consumer Products IPO.

IPO Details

Sahana System IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sonalis Consumer Products IPO is a SME Fixed Price proposed to list at BSE SME.

 Sahana System IPOSonalis Consumer Products IPO
LogoSahana System IPO LogoSonalis Consumer Products IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerRikhav Securities Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sahana System IPO is up to ₹31.05 Cr whereas the issue size of the Sonalis Consumer Products IPO is up to ₹2.68 Cr. The final issue price of Sahana System IPO is ₹135.00 per share and of Sonalis Consumer Products IPO is ₹30.00 per share.

 Sahana System IPOSonalis Consumer Products 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)₹135.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares4000 shares
Fresh Issue Size23,00,000 shares8,92,000 shares
Fresh Issue Size (Amount)up to ₹31.05 Crup to ₹2.68 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,00,000 shares8,92,000 shares
Issue Size Total (Amount)up to ₹31.05 Crup to ₹2.68 Cr

IPO Timetable

Sahana System IPO opens on May 31, 2023, while Sonalis Consumer Products IPO opens on Jun 07, 2023. The closing date of Sahana System IPO and Sonalis Consumer Products IPO is Jun 02, 2023, and Jun 09, 2023, respectively.

 Sahana System IPOSonalis Consumer Products IPO
Anchor Bid Date
Issue OpenMay 31, 2023Jun 07, 2023
Issue CloseJun 02, 2023Jun 09, 2023
Basis Of Allotment (Tentative)Jun 07, 2023Jun 14, 2023
Initiation of Refunds (Tentative)Jun 08, 2023Jun 15, 2023
Credit of Share (Tentative)Jun 09, 2023Jun 16, 2023
Listing date (Tentative)Jun 12, 2023Jun 19, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sahana System IPO P/E ratio is 16.88, as compared to Sonalis Consumer Products IPO P/E ratio of 6.56.

 Sahana System IPOSonalis Consumer Products IPO
Financials
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
Sonalis Consumer Products Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Dec-22649.77420.4768.45349.21243.715.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)90.2573.12
Promoter Shareholding (Post-Issue)38.59
P/E Ratio16.886.56
Market Cap₹107.95 Cr.
ROE83.52%
ROCE61.05%
Debt/Equity0.44
EPS₹11.48₹10.08
RoNW59.24%19.60%

Shares Offered

In the Sahana System IPO Retail Individual Investors (RII) are offered 10,35,000 shares while in Sonalis Consumer Products IPO retail investors are offered 10,35,000 shares. Qualified Institutional Buyers (QIB) are offered 2,30,000 shares in Sahana System IPO and in Sonalis Consumer Products IPO.

 Sahana System IPOSonalis Consumer Products IPO
Anchor Investor Reserveration
Market Maker Reserveration1,25,000 shares52,000 shares
QIB2,30,000 shares
NII10,35,000 shares4,44,000 shares
RII10,35,000 shares4,48,000 shares
Employee
Others
Total23,00,000 shares8,92,000 shares

Bids Received (Subscription)

Sahana System IPO subscribed 9.99x in total, whereas Sonalis Consumer Products IPO subscribed 43.48x.

 Sahana System IPOSonalis Consumer Products IPO
QIB (times)9.70x
NII (times)7.07x38.41x
Big NII (times)
Small NII (times)
RII (times)12.97x48.31x
Employee (times)
Other (times)
Total (times)9.99x43.48x