Comparison between Divyadhan Recycling IPO and Saj Hotels IPO.
Divyadhan Recycling IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saj Hotels IPO is a SME Fixed Price proposed to list at NSE SME.
| Divyadhan Recycling IPO | Saj Hotels IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Satellite Corporate Services Pvt.Ltd. |
| Market Maker | Kantilal Chhaganlal Securities Pvt.Ltd. | NNM Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Divyadhan Recycling IPO is up to ₹22.89 Cr whereas the issue size of the Saj Hotels IPO is up to ₹26.23 Cr. The final issue price of Divyadhan Recycling IPO is ₹64.00 per share and of Saj Hotels IPO is ₹65.00 per share.
| Divyadhan Recycling IPO | Saj Hotels IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹60.00 per share | |
| Issue Price (Upper) | ₹64.00 per share | |
| Issue Price (Final) | ₹64.00 per share | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 35,76,000 shares | 40,36,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.89 Cr | up to ₹26.23 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 35,76,000 shares | 40,36,000 shares |
| Issue Size Total (Amount) | up to ₹22.89 Cr | up to ₹26.23 Cr |
Divyadhan Recycling IPO opens on Sep 26, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of Divyadhan Recycling IPO and Saj Hotels IPO is Sep 30, 2024, and Oct 01, 2024, respectively.
| Divyadhan Recycling IPO | Saj Hotels IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | |
| Issue Open | Sep 26, 2024 | Sep 27, 2024 |
| Issue Close | Sep 30, 2024 | Oct 01, 2024 |
| Basis Of Allotment (Tentative) | Oct 01, 2024 | Oct 03, 2024 |
| Initiation of Refunds (Tentative) | Oct 03, 2024 | Oct 04, 2024 |
| Credit of Share (Tentative) | Oct 03, 2024 | Oct 04, 2024 |
| Listing date (Tentative) | Oct 04, 2024 | Oct 07, 2024 |
| Anchor Lockin End date 1 | Nov 03, 2024 | |
| Anchor Lockin End date 2 | Jan 03, 2025 |
Divyadhan Recycling IPO P/E ratio is 28.34, as compared to Saj Hotels IPO P/E ratio of 21.7.
| Divyadhan Recycling IPO | Saj Hotels IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Divyadhan Recycling Industries Limited Financial Information (Restated)Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
| Saj Hotels Limited Financial Information (Restated Consolidated)Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 94.06 | 84.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.24 | 61.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.34 | 21.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹91.56 Cr. | ₹104.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.42% | 19.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.76% | 26.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.47 | 0.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.26 | ₹3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.42% | 19.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Divyadhan Recycling IPO Retail Individual Investors (RII) are offered 12,52,000 shares while in Saj Hotels IPO retail investors are offered 12,52,000 shares. Qualified Institutional Buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling IPO and in Saj Hotels IPO.
| Divyadhan Recycling IPO | Saj Hotels IPO | |
|---|---|---|
| Anchor Investor Reserveration | 10,70,000 shares | |
| Market Maker Reserveration | 2,00,000 shares | 2,14,000 shares |
| QIB | 7,16,000 shares | |
| NII | 5,38,000 shares | 20,18,000 shares |
| RII | 12,52,000 shares | 20,18,000 shares |
| Employee | ||
| Others | ||
| Total | 35,76,000 shares | 40,36,000 shares |
Divyadhan Recycling IPO subscribed 40.93x in total, whereas Saj Hotels IPO subscribed 5.46x.
| Divyadhan Recycling IPO | Saj Hotels IPO | |
|---|---|---|
| QIB (times) | 29.39x | |
| NII (times) | 76.03x | 2.12x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 32.43x | 8.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 40.93x | 5.46x |
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