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Sahara Maritime IPO vs Siyaram Recycling Industries IPO

Comparison between Sahara Maritime IPO and Siyaram Recycling Industries IPO.

IPO Details

Sahara Maritime IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Siyaram Recycling Industries IPO is a SME Bookbuilding proposed to list at BSE SME.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
LogoSahara Maritime IPO LogoSiyaram Recycling Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSwaraj shares & securities Pvt.Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShreni Shares Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sahara Maritime IPO is up to ₹6.53 Cr whereas the issue size of the Siyaram Recycling Industries IPO is up to ₹21.80 Cr. The final issue price of Sahara Maritime IPO is ₹81.00 per share and of Siyaram Recycling Industries IPO is ₹46.00 per share.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹43.00 per share
Issue Price (Upper)₹46.00 per share
Issue Price (Final)₹81.00 per share₹46.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size8,06,400 shares47,40,000 shares
Fresh Issue Size (Amount)up to ₹6.53 Crup to ₹21.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,06,400 shares47,40,000 shares
Issue Size Total (Amount)up to ₹6.53 Crup to ₹21.80 Cr

IPO Timetable

Sahara Maritime IPO opens on Dec 18, 2023, while Siyaram Recycling Industries IPO opens on Dec 14, 2023. The closing date of Sahara Maritime IPO and Siyaram Recycling Industries IPO is Dec 20, 2023, and Dec 18, 2023, respectively.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Anchor Bid DateDec 13, 2023
Issue OpenDec 18, 2023Dec 14, 2023
Issue CloseDec 20, 2023Dec 18, 2023
Basis Of Allotment (Tentative)Dec 21, 2023Dec 19, 2023
Initiation of Refunds (Tentative)Dec 22, 2023Dec 20, 2023
Credit of Share (Tentative)Dec 22, 2023Dec 20, 2023
Listing date (Tentative)Dec 26, 2023Dec 21, 2023
Anchor Lockin End date 1Jan 18, 2024
Anchor Lockin End date 2Mar 18, 2024

Financials & KPIs

Sahara Maritime IPO P/E ratio is 15.03, as compared to Siyaram Recycling Industries IPO P/E ratio of 8.3.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Financials

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

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets15,136.319,851.359,823.59
Total Income49,786.2742,644.3413,972.93
Profit After Tax765.42322.47142.28
Net Worth4,642.123,876.713,554.23
Reserves and Surplus3,261.572,496.162,173.68
Total Borrowing6,706.952,821.022,931.72
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)72.32
P/E Ratio15.038.3
Market Cap₹24.87 Cr.₹86.47 Cr.
ROE26.72%17.97%
ROCE32.77%13.42%
Debt/Equity0.331.44
EPS₹5.44₹5.54
RoNW22.76%16.49%

Shares Offered

In the Sahara Maritime IPO Retail Individual Investors (RII) are offered 4,03,200 shares while in Siyaram Recycling Industries IPO retail investors are offered 4,03,200 shares. Qualified Institutional Buyers (QIB) are offered in Sahara Maritime IPO and 9,48,000 shares in Siyaram Recycling Industries IPO.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Anchor Investor Reserveration14,22,000 shares
Market Maker Reserveration43,200 shares2,52,000 shares
QIB9,48,000 shares
NII4,03,200 shares7,11,000 shares
RII4,03,200 shares16,59,000 shares
Employee
Others
Total8,06,400 shares47,40,000 shares

Bids Received (Subscription)

Sahara Maritime IPO subscribed 22.67x in total, whereas Siyaram Recycling Industries IPO subscribed 385.19x.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
QIB (times)96.43x
NII (times)8.98x597.72x
Big NII (times)
Small NII (times)
RII (times)36.35x459.11x
Employee (times)
Other (times)
Total (times)22.67x385.19x