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Sai Swami Metals IPO vs Storage Technologies IPO

Comparison between Sai Swami Metals IPO and Storage Technologies IPO.

IPO Details

Sai Swami Metals IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Storage Technologies IPO is a SME Bookbuilding proposed to list at BSE SME.

 Sai Swami Metals IPOStorage Technologies IPO
LogoSai Swami Metals IPO LogoStorage Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSwastika Investmart Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Integrated Registry Management Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Nikunj Stock Brokers 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 Sai Swami Metals IPO is up to ₹14.23 Cr whereas the issue size of the Storage Technologies IPO is up to ₹28.39 Cr. The final issue price of Sai Swami Metals IPO is ₹60.00 per share and of Storage Technologies IPO is ₹78.00 per share.

 Sai Swami Metals IPOStorage Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹78.00 per share
Issue Price (Final)₹60.00 per share₹78.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size23,72,000 shares36,40,000 shares
Fresh Issue Size (Amount)up to ₹14.23 Crup to ₹28.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,72,000 shares36,40,000 shares
Issue Size Total (Amount)up to ₹14.23 Crup to ₹28.39 Cr

IPO Timetable

Sai Swami Metals IPO opens on Apr 30, 2024, while Storage Technologies IPO opens on Apr 30, 2024. The closing date of Sai Swami Metals IPO and Storage Technologies IPO is May 03, 2024, and May 03, 2024, respectively.

 Sai Swami Metals IPOStorage Technologies IPO
Anchor Bid DateApr 29, 2024
Issue OpenApr 30, 2024Apr 30, 2024
Issue CloseMay 03, 2024May 03, 2024
Basis Of Allotment (Tentative)May 06, 2024May 06, 2024
Initiation of Refunds (Tentative)May 07, 2024May 07, 2024
Credit of Share (Tentative)May 07, 2024May 07, 2024
Listing date (Tentative)May 08, 2024May 08, 2024
Anchor Lockin End date 1Jun 05, 2024
Anchor Lockin End date 2Aug 04, 2024

Financials & KPIs

Sai Swami Metals IPO P/E ratio is 11.34, as compared to Storage Technologies IPO P/E ratio of 48.45.

 Sai Swami Metals IPOStorage Technologies IPO
Financials

Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202331 Mar 2023
Assets2,617.312,583.16
Total Income3,333.86626.76
Profit After Tax179.523.83
Net Worth664.4735.32
Reserves and Surplus252.7034.32
Total Borrowing743.16610.23
Amount in ₹ Lakhs

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,375.774,004.013,567.703,113.04
Total Income5,317.098,137.126,989.724,852.38
Profit After Tax358.9148.30-20.49118.42
Net Worth953.52594.61546.31566.81
Reserves and Surplus653.52294.61246.31466.81
Total Borrowing1,632.53931.63871.10347.48
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.88100.00
Promoter Shareholding (Post-Issue)62.1570.09
P/E Ratio11.3448.45
Market Cap₹39.71 Cr.
ROE46.37%
ROCE22.52%
Debt/Equity
EPS₹5.29₹11.96
RoNW27.02%37.64%

Shares Offered

In the Sai Swami Metals IPO Retail Individual Investors (RII) are offered 11,86,000 shares while in Storage Technologies IPO retail investors are offered 11,86,000 shares. Qualified Institutional Buyers (QIB) are offered in Sai Swami Metals IPO and 7,28,000 shares in Storage Technologies IPO.

 Sai Swami Metals IPOStorage Technologies IPO
Anchor Investor Reserveration10,89,600 shares
Market Maker Reserveration1,28,000 shares2,00,000 shares
QIB7,28,000 shares
NII11,86,000 shares5,47,200 shares
RII11,86,000 shares12,75,200 shares
Employee
Others
Total23,72,000 shares36,40,000 shares

Bids Received (Subscription)

Sai Swami Metals IPO subscribed 543.72x in total, whereas Storage Technologies IPO subscribed 278.82x.

 Sai Swami Metals IPOStorage Technologies IPO
QIB (times)117.86x
NII (times)533.83x577.02x
Big NII (times)
Small NII (times)
RII (times)529.01x242.74x
Employee (times)
Other (times)
Total (times)543.72x278.82x