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Indifra IPO vs Sahara Maritime IPO

Comparison between Indifra IPO and Sahara Maritime IPO.

IPO Details

Indifra 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.

 Indifra IPOSahara Maritime IPO
LogoIndifra IPO LogoSahara Maritime IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Swaraj shares & securities Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indifra IPO is up to ₹13.34 Cr whereas the issue size of the Sahara Maritime IPO is up to ₹6.53 Cr. The final issue price of Indifra IPO is ₹65.00 per share and of Sahara Maritime IPO is ₹81.00 per share.

 Indifra IPOSahara Maritime IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹65.00 per share₹81.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size20,52,000 shares8,06,400 shares
Fresh Issue Size (Amount)up to ₹13.34 Crup to ₹6.53 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,52,000 shares8,06,400 shares
Issue Size Total (Amount)up to ₹13.34 Crup to ₹6.53 Cr

IPO Timetable

Indifra IPO opens on Dec 21, 2023, while Sahara Maritime IPO opens on Dec 18, 2023. The closing date of Indifra IPO and Sahara Maritime IPO is Dec 26, 2023, and Dec 20, 2023, respectively.

 Indifra IPOSahara Maritime IPO
Anchor Bid Date
Issue OpenDec 21, 2023Dec 18, 2023
Issue CloseDec 26, 2023Dec 20, 2023
Basis Of Allotment (Tentative)Dec 27, 2023Dec 21, 2023
Initiation of Refunds (Tentative)Dec 28, 2023Dec 22, 2023
Credit of Share (Tentative)Dec 28, 2023Dec 22, 2023
Listing date (Tentative)Dec 29, 2023Dec 26, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Indifra IPO P/E ratio is 11.23, as compared to Sahara Maritime IPO P/E ratio of 15.03.

 Indifra IPOSahara Maritime IPO
Financials

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets630.24312.46420.10229.63
Total Income64.281,001.691,092.41306.54
Profit After Tax3.5499.0839.9410.51
Net Worth533.25169.7070.6230.68
Reserves and Surplus20.25168.7069.6229.68
Total Borrowing38.2650.6145.05
Amount in ₹ Lakhs

Sahara Maritime Limited Financial Information (Restated)

Sahara Maritime Limited's revenue increased by 24.07% and profit after tax (PAT) rose by 130.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets880.95964.52733.57535.74
Total Income531.992,611.122,104.521,021.64
Profit After Tax1.04120.7452.3564.78
Net Worth531.58530.54365.69313.34
Reserves and Surplus309.47308.43364.69312.34
Total Borrowing163.81173.2611.9738.72
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)96100.00
Promoter Shareholding (Post-Issue)67.5572.32
P/E Ratio11.2315.03
Market Cap₹47.39 Cr.₹24.87 Cr.
ROE82.45%26.72%
ROCE86.21%32.77%
Debt/Equity0.33
EPS₹5.79₹5.44
RoNW82.45%22.76%

Shares Offered

In the Indifra IPO Retail Individual Investors (RII) are offered 10,26,000 shares while in Sahara Maritime IPO retail investors are offered 10,26,000 shares. Qualified Institutional Buyers (QIB) are offered in Indifra IPO and in Sahara Maritime IPO.

 Indifra IPOSahara Maritime IPO
Anchor Investor Reserveration
Market Maker Reserveration1,08,000 shares43,200 shares
QIB
NII10,26,000 shares4,03,200 shares
RII10,26,000 shares4,03,200 shares
Employee
Others
Total20,52,000 shares8,06,400 shares

Bids Received (Subscription)

Indifra IPO subscribed 7.21x in total, whereas Sahara Maritime IPO subscribed 22.67x.

 Indifra IPOSahara Maritime IPO
QIB (times)
NII (times)2.34x8.98x
Big NII (times)
Small NII (times)
RII (times)12.07x36.35x
Employee (times)
Other (times)
Total (times)7.21x22.67x