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.

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 IPOSangani 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 Size1200 shares3000 shares
Fresh Issue Size48,00,000 shares36,00,000 shares
Fresh Issue Size (Amount)up to ₹56.64 Crup to ₹14.40 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total48,00,000 shares36,00,000 shares
Issue Size Total (Amount)up to ₹56.64 Crup 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 IPOSangani Hospitals IPO
Anchor Bid DateJul 31, 2023
Issue OpenAug 01, 2023Aug 04, 2023
Issue CloseAug 03, 2023Aug 08, 2023
Basis Of Allotment (Tentative)Aug 08, 2023Aug 11, 2023
Initiation of Refunds (Tentative)Aug 09, 2023Aug 14, 2023
Credit of Share (Tentative)Aug 10, 2023Aug 16, 2023
Listing date (Tentative)Aug 11, 2023Aug 17, 2023
Anchor Lockin End date 1Sep 07, 2023
Anchor Lockin End date 2Nov 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 IPOSangani Hospitals IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets78.0055.7329.65
Total Income133.95101.4733.77
Profit After Tax12.696.962.82
NET Worth36.2217.767.71
Reserves and Surplus29.5111.604.64
Total Borrowing14.897.690.75
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets19.597.052.993.30
Total Income15.764.214.984.46
Profit After Tax1.481.050.790.23
NET Worth17.975.021.691.83
Reserves and Surplus7.991.071.69
Total Borrowing0.100.350.35
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.40100.00
Promoter Shareholding (Post-Issue)61.41
P/E Ratio20.737.03
Market Cap₹226.36 Cr.₹55.11 Cr.
ROE
ROCE11.26
Debt/Equity
EPS₹20.85₹3.47
RoNW34.1035.75

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 IPOSangani Hospitals IPO
Anchor Investor Reservation14,40,000 shares
Market Maker Reservation2,55,600 shares1,92,000 shares
QIB9,60,000 shares3,60,000 shares
NII7,20,000 shares16,20,000 shares
RII16,80,000 shares16,20,000 shares
Employee
Others
Total48,00,000 shares36,00,000 shares

Bids Received (Subscription)

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

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