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Saj Hotels IPO vs Unilex Colours IPO

Comparison between Saj Hotels IPO and Unilex Colours IPO.

IPO Details

Saj Hotels IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Unilex Colours IPO is a SME Bookbuilding proposed to list at NSE SME.

 Saj Hotels IPOUnilex Colours IPO
LogoSaj Hotels IPO LogoUnilex Colours IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCorpwis Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarSatellite Corporate Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerNNM Securities Pvt.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 Saj Hotels IPO is up to ₹26.23 Cr whereas the issue size of the Unilex Colours IPO is up to ₹29.65 Cr. The final issue price of Saj Hotels IPO is ₹65.00 per share and of Unilex Colours IPO is ₹87.00 per share.

 Saj Hotels IPOUnilex Colours IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹82.00 per share
Issue Price (Upper)₹87.00 per share
Issue Price (Final)₹65.00 per share₹87.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size40,36,000 shares34,08,000 shares
Fresh Issue Size (Amount)up to ₹26.23 Crup to ₹29.65 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,36,000 shares34,08,000 shares
Issue Size Total (Amount)up to ₹26.23 Crup to ₹29.65 Cr

IPO Timetable

Saj Hotels IPO opens on Sep 27, 2024, while Unilex Colours IPO opens on Sep 25, 2024. The closing date of Saj Hotels IPO and Unilex Colours IPO is Oct 01, 2024, and Sep 27, 2024, respectively.

 Saj Hotels IPOUnilex Colours IPO
Anchor Bid DateSep 24, 2024
Issue OpenSep 27, 2024Sep 25, 2024
Issue CloseOct 01, 2024Sep 27, 2024
Basis Of Allotment (Tentative)Oct 03, 2024Sep 30, 2024
Initiation of Refunds (Tentative)Oct 04, 2024Oct 01, 2024
Credit of Share (Tentative)Oct 04, 2024Oct 01, 2024
Listing date (Tentative)Oct 07, 2024Oct 03, 2024
Anchor Lockin End date 1Oct 30, 2024
Anchor Lockin End date 2Dec 29, 2024

Financials & KPIs

Saj Hotels IPO P/E ratio is 21.7, as compared to Unilex Colours IPO P/E ratio of 14.13.

 Saj Hotels IPOUnilex Colours IPO
Financials

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.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets9,808.469,892.539,626.453,286.02
Total Income1,455.491,282.191,287.90812.14
Profit After Tax344.68355.76144.25-120.18
Net Worth1,734.491,316.84891.08754.46
Reserves and Surplus7,721.708,325.197,977.201,748.59
Total Borrowing291.52614.141,053.54938.51
Amount in ₹ Lakhs

Unilex Colours and Chemicals Limited Financial Information (Restated Consolidated)

Unilex Colours and Chemicals Limited's revenue increased by 3% and profit after tax (PAT) rose by 24% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets9,068.357,072.317,669.84
Total Income14,932.8814,441.8415,156.73
Profit After Tax616.67497.07471.17
Net Worth3,6863,202.892,805.98
Reserves and Surplus2,684.32,868.992,472.08
Total Borrowing2,161.41,166.831,135.09
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)84.12100.00
Promoter Shareholding (Post-Issue)61.9473.56
P/E Ratio21.714.13
Market Cap₹104.81 Cr.₹118.47 Cr.
ROE19.91%17.93%
ROCE26.36%6.32%
Debt/Equity0.170.59
EPS₹3.00₹6.16
RoNW19.91%16.73%

Shares Offered

In the Saj Hotels IPO Retail Individual Investors (RII) are offered 20,18,000 shares while in Unilex Colours IPO retail investors are offered 20,18,000 shares. Qualified Institutional Buyers (QIB) are offered in Saj Hotels IPO and 6,81,600 shares in Unilex Colours IPO.

 Saj Hotels IPOUnilex Colours IPO
Anchor Investor Reserveration10,20,800 shares
Market Maker Reserveration2,14,000 shares1,92,000 shares
QIB6,81,600 shares
NII20,18,000 shares5,12,000 shares
RII20,18,000 shares11,93,600 shares
Employee
Others
Total40,36,000 shares34,08,000 shares

Bids Received (Subscription)

Saj Hotels IPO subscribed 5.46x in total, whereas Unilex Colours IPO subscribed 35.03x.

 Saj Hotels IPOUnilex Colours IPO
QIB (times)15.58x
NII (times)2.12x60.74x
Big NII (times)
Small NII (times)
RII (times)8.65x35.11x
Employee (times)
Other (times)
Total (times)5.46x35.03x