Comparison between Kalana Ispat IPO and Saj Hotels IPO.
Kalana Ispat 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.
| Kalana Ispat IPO | Saj Hotels IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Jawa Capital Services Pvt.Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Satellite Corporate Services Pvt.Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | NNM Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Kalana Ispat IPO is up to ₹30.95 Cr whereas the issue size of the Saj Hotels IPO is up to ₹26.23 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of Saj Hotels IPO is ₹65.00 per share.
| Kalana Ispat IPO | Saj Hotels IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹66.00 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 | 46,90,000 shares | 40,36,000 shares |
| Fresh Issue Size (Amount) | up to ₹30.95 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 | 46,90,000 shares | 40,36,000 shares |
| Issue Size Total (Amount) | up to ₹30.95 Cr | up to ₹26.23 Cr |
Kalana Ispat IPO opens on Sep 19, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of Kalana Ispat IPO and Saj Hotels IPO is Sep 23, 2024, and Oct 01, 2024, respectively.
| Kalana Ispat IPO | Saj Hotels IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 19, 2024 | Sep 27, 2024 |
| Issue Close | Sep 23, 2024 | Oct 01, 2024 |
| Basis Of Allotment (Tentative) | Sep 24, 2024 | Oct 03, 2024 |
| Initiation of Refunds (Tentative) | Sep 25, 2024 | Oct 04, 2024 |
| Credit of Share (Tentative) | Sep 25, 2024 | Oct 04, 2024 |
| Listing date (Tentative) | Sep 26, 2024 | Oct 07, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Kalana Ispat IPO P/E ratio is 22.59, as compared to Saj Hotels IPO P/E ratio of 21.7.
| Kalana Ispat IPO | Saj Hotels IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Kalana Ispat Limited Financial Information (Restated Standalone)Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% 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) | 82.72 | 84.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 51.38 | 61.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 22.59 | 21.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹86.08 Cr. | ₹104.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.12% | 19.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.20% | 26.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.43 | 0.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.92 | ₹3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.88% | 19.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kalana Ispat IPO Retail Individual Investors (RII) are offered 23,46,000 shares while in Saj Hotels IPO retail investors are offered 23,46,000 shares. Qualified Institutional Buyers (QIB) are offered in Kalana Ispat IPO and in Saj Hotels IPO.
| Kalana Ispat IPO | Saj Hotels IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 2,48,000 shares | 2,14,000 shares |
| QIB | ||
| NII | 23,44,000 shares | 20,18,000 shares |
| RII | 23,46,000 shares | 20,18,000 shares |
| Employee | ||
| Others | ||
| Total | 46,90,000 shares | 40,36,000 shares |
Kalana Ispat IPO subscribed 59.92x in total, whereas Saj Hotels IPO subscribed 5.46x.
| Kalana Ispat IPO | Saj Hotels IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 40.69x | 2.12x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 74.54x | 8.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 59.92x | 5.46x |
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