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Electro Force IPO vs Sahara Maritime IPO

Comparison between Electro Force IPO and Sahara Maritime IPO.

IPO Details

Electro Force IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sahara Maritime IPO is a SME Fixed Price proposed to list at BSE SME.

 Electro Force IPOSahara Maritime IPO
LogoElectro Force IPO LogoSahara Maritime IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFirst Overseas Capital Ltd.Swaraj shares & securities Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerArham Shares Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Sahara Maritime IPO is up to ₹6.53 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Sahara Maritime IPO is ₹81.00 per share.

 Electro Force IPOSahara Maritime IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹93.00 per share₹81.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1600 shares
Fresh Issue Size55,64,400 shares8,06,400 shares
Fresh Issue Size (Amount)up to ₹51.75 Crup to ₹6.53 Cr
OFS Issue Size26,74,800 shares0 shares
OFS Issue Size (Amount)up to ₹24.88 Crup to ₹0.00 Cr
Issue Size Total82,39,200 shares8,06,400 shares
Issue Size Total (Amount)up to ₹76.62 Crup to ₹6.53 Cr

IPO Timetable

Electro Force IPO opens on Dec 19, 2023, while Sahara Maritime IPO opens on Dec 18, 2023. The closing date of Electro Force IPO and Sahara Maritime IPO is Dec 21, 2023, and Dec 20, 2023, respectively.

 Electro Force IPOSahara Maritime IPO
Issue OpenDec 19, 2023Dec 18, 2023
Issue CloseDec 21, 2023Dec 20, 2023
Basis Of Allotment (Tentative)Dec 22, 2023Dec 21, 2023
Initiation of Refunds (Tentative)Dec 26, 2023Dec 22, 2023
Credit of Share (Tentative)Dec 26, 2023Dec 22, 2023
Listing date (Tentative)Dec 27, 2023Dec 26, 2023

Financials & KPIs

Electro Force IPO P/E ratio is 20.22, as compared to Sahara Maritime IPO P/E ratio of 15.03.

 Electro Force IPOSahara Maritime IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets78.2772.3247.8317.20
Total Income23.1430.2934.4415.87
Profit After Tax7.118.008.64-2.24
NET Worth25.4618.3510.361.71
Reserves and Surplus8.060.955.36-3.29
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8.819.657.345.36
Total Income5.3226.1121.0510.22
Profit After Tax0.011.210.520.65
NET Worth5.325.313.663.13
Reserves and Surplus3.093.083.653.12
Total Borrowing1.641.730.120.39
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%100%
Promoter Shareholding (Post-Issue)62.93%72.32%
P/E Ratio20.2215.03
Market Cap₹217.62 Cr.₹24.87 Cr.
ROE43.5726.72
ROCE58.2332.77
Debt/Equity0.33
EPS₹4.60₹5.44
RoNW43.5722.76

Shares Offered

In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Sahara Maritime IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Electro Force IPO and in Sahara Maritime IPO.

 Electro Force IPOSahara Maritime IPO
Anchor Investor Reservation0 shares
Market Maker Reservation4,35,600 shares43,200 shares
QIB0 shares
NII41,19,600 shares4,03,200 shares
RII41,19,600 shares4,03,200 shares
Employee0 shares
Total82,39,200 shares8,06,400 shares

Bids Received (Subscription)

Electro Force IPO subscribed 4.28x in total, whereas Sahara Maritime IPO subscribed 22.67x.

 Electro Force IPOSahara Maritime IPO
NII (times)2.12x8.98x
RII (times)6.44x36.35x
Total (times)4.28x22.67x

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Electro Force IPOSahara Maritime IPO
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Compare:

Electro Force IPO Vs Sahara Maritime IPO