Oriana Power IPO vs Sangani Hospitals IPO

Comparison between Oriana Power IPO and Sangani Hospitals IPO.

IPO Details

Oriana Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sangani Hospitals IPO is a SME Bookbuilding proposed to list at NSE SME.

	Oriana Power IPO	Sangani Hospitals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Unistone Capital Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Oriana Power IPO is up to ₹56.64 Cr whereas the issue size of the Sangani Hospitals IPO is up to ₹14.40 Cr. The final issue price of Oriana Power IPO is ₹118.00 per share and of Sangani Hospitals IPO is ₹40.00 per share.

	Oriana Power IPO	Sangani Hospitals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹115.00 per share	₹37.00 per share
Issue Price (Upper)	₹118.00 per share	₹40.00 per share
Issue Price (Final)	₹118.00 per share	₹40.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	48,00,000 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹56.64 Cr	up to ₹14.40 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	48,00,000 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹56.64 Cr	up to ₹14.40 Cr

IPO Timetable

Oriana Power IPO opens on Aug 01, 2023, while Sangani Hospitals IPO opens on Aug 04, 2023. The closing date of Oriana Power IPO and Sangani Hospitals IPO is Aug 03, 2023, and Aug 08, 2023, respectively.

	Oriana Power IPO	Sangani Hospitals IPO
Anchor Bid Date	Jul 31, 2023
Issue Open	Aug 01, 2023	Aug 04, 2023
Issue Close	Aug 03, 2023	Aug 08, 2023
Basis Of Allotment (Tentative)	Aug 08, 2023	Aug 11, 2023
Initiation of Refunds (Tentative)	Aug 09, 2023	Aug 14, 2023
Credit of Share (Tentative)	Aug 10, 2023	Aug 16, 2023
Listing date (Tentative)	Aug 11, 2023	Aug 17, 2023
Anchor Lockin End date 1	Sep 07, 2023
Anchor Lockin End date 2	Nov 06, 2023

Financials & KPIs

Oriana Power IPO P/E ratio is 20.7, as compared to Sangani Hospitals IPO P/E ratio of 37.03.

Oriana Power IPO

Sangani Hospitals IPO

Financials

Oriana Power Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,964.83	3,376.98	282.38	771.29	464.29	75.23
31-Mar-22	5,572.69	10,146.86	695.53	1,775.82	1,159.82	769.07
31-Mar-23	7,799.99	13,395.37	1,268.52	3,621.84	2,950.84	1,489.19
Amount in ₹ Lakhs

Sangani Hospitals IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	330.36	299.20	705.45	1,959.01
Total Income	446.47	498.21	420.63	1,576.24
Profit After Tax	22.81	79.06	105.35	148.37
Net Worth	183.35	168.79	501.60	1,797.29
Reserves and Surplus		168.83	106.78	798.79
Total Borrowing	34.72	34.57		10.08

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.40

100.00

Promoter Shareholding (Post-Issue)

61.41

P/E Ratio

20.7

37.03

Market Cap

₹226.36 Cr.

₹55.11 Cr.

ROE

1.97

ROCE

46%

11.26%

Debt/Equity

0.41

EPS

₹20.85

₹3.47

RoNW

35.36%

35.75%

Shares Offered

In the Oriana Power IPO Retail Individual Investors (RII) are offered 16,80,000 shares while in Sangani Hospitals IPO retail investors are offered 16,80,000 shares. Qualified Institutional Buyers (QIB) are offered 9,60,000 shares in Oriana Power IPO and 3,60,000 shares in Sangani Hospitals IPO.

	Oriana Power IPO	Sangani Hospitals IPO
Anchor Investor Reserveration	14,40,000 shares
Market Maker Reserveration	2,55,600 shares	1,92,000 shares
QIB	9,60,000 shares	3,60,000 shares
NII	7,20,000 shares	16,20,000 shares
RII	16,80,000 shares	16,20,000 shares
Employee
Others
Total	48,00,000 shares	36,00,000 shares

Bids Received (Subscription)

Oriana Power IPO subscribed 176.58x in total, whereas Sangani Hospitals IPO subscribed 4.54x.

	Oriana Power IPO	Sangani Hospitals IPO
QIB (times)	72.16x	11.42x
NII (times)	251.74x	1.38x
Big NII (times)
Small NII (times)
RII (times)	204.04x	6.17x
Employee (times)
Other (times)
Total (times)	176.58x	4.54x

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