Sahaj Solar IPO vs SAR Televenture FPO

Comparison between Sahaj Solar IPO and SAR Televenture FPO.

IPO Details

Sahaj Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while SAR Televenture FPO is a SME Bookbuilding proposed to list at NSE SME.

	Sahaj Solar IPO	SAR Televenture FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Kunvarji Finstock Pvt.Ltd.	Pantomath Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Aftertrade Broking Pvt.Ltd.	Asit C.Mehta Investment Interrmediates Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sahaj Solar IPO is up to ₹49.89 Cr whereas the issue size of the SAR Televenture FPO is up to ₹142.50 Cr. The final issue price of Sahaj Solar IPO is ₹180.00 per share and of SAR Televenture FPO is ₹210.00 per share.

	Sahaj Solar IPO	SAR Televenture FPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹171.00 per share	₹200.00 per share
Issue Price (Upper)	₹180.00 per share	₹210.00 per share
Issue Price (Final)	₹180.00 per share	₹210.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹15.00 per share
Market Lot Size	800 shares	500 shares
Fresh Issue Size	27,73,600 shares	67,85,500 shares
Fresh Issue Size (Amount)	up to ₹49.89 Cr	up to ₹142.50 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	27,73,600 shares	67,85,500 shares
Issue Size Total (Amount)	up to ₹49.89 Cr	up to ₹142.50 Cr

IPO Timetable

Sahaj Solar IPO opens on Jul 11, 2024, while SAR Televenture FPO opens on Jul 22, 2024. The closing date of Sahaj Solar IPO and SAR Televenture FPO is Jul 15, 2024, and Jul 24, 2024, respectively.

	Sahaj Solar IPO	SAR Televenture FPO
Anchor Bid Date	Jul 10, 2024	Jul 19, 2024
Issue Open	Jul 11, 2024	Jul 22, 2024
Issue Close	Jul 15, 2024	Jul 24, 2024
Basis Of Allotment (Tentative)	Jul 16, 2024	Jul 25, 2024
Initiation of Refunds (Tentative)	Jul 18, 2024	Jul 26, 2024
Credit of Share (Tentative)	Jul 18, 2024	Jul 26, 2024
Listing date (Tentative)	Jul 19, 2024	Jul 29, 2024
Anchor Lockin End date 1	Aug 15, 2024	Aug 24, 2024
Anchor Lockin End date 2	Oct 14, 2024	Oct 23, 2024

Financials & KPIs

Sahaj Solar IPO P/E ratio is 10.86, as compared to SAR Televenture FPO P/E ratio of 14.79.

Sahaj Solar IPO

SAR Televenture FPO

Financials

Sahaj Solar Limited Financial Information (Restated Consolidated)

Sahaj Solar Limited's revenue increased by 8.56% and profit after tax (PAT) rose by 106.25% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,936.40	9,081.50	6,103.22	3,463.94
Total Income	20,171.55	18,580.48	6,728.95	6,218.78
Profit After Tax	1,337.29	648.37	102.50	70.58
Net Worth	3,293.12	1,637.30	1,002.05	922.01
Reserves and Surplus	2,496.78	859.22	479.99	405.40
Total Borrowing	5,680.86	1,361.97	1,711.35	1,502.87
Amount in ₹ Lakhs

SAR Televenture Limited Financial Information (Restated Consolidated)

SAR Televenture Limited 's revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	26,641.86	2,422.42	410.83
Total Income	12,416.97	3,251.63	475.35
Profit After Tax	1,566.17	393.59	3.71
Net Worth	7,180.41	1,185.59	-7.74
Reserves and Surplus	6,880.41	1,120.30	-11.91
Total Borrowing	17,787.41	444.41	337.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.09

66.27

Promoter Shareholding (Post-Issue)

71.28

P/E Ratio

10.86

14.79

Market Cap

₹197.75 Cr.

ROE

39.96%

21.81%

ROCE

26.47%

6.63%

Debt/Equity

2.48

EPS

₹16.58

RoNW

39.96%

21.81%

Shares Offered

In the Sahaj Solar IPO Retail Individual Investors (RII) are offered 9,62,400 shares while in SAR Televenture FPO retail investors are offered 9,62,400 shares. Qualified Institutional Buyers (QIB) are offered 5,50,400 shares in Sahaj Solar IPO and 13,57,000 shares in SAR Televenture FPO.

	Sahaj Solar IPO	SAR Televenture FPO
Anchor Investor Reserveration	8,24,000 shares	20,35,500 shares
Market Maker Reserveration	1,46,400 shares	3,57,000 shares
QIB	5,50,400 shares	13,57,000 shares
NII	4,12,800 shares	10,18,000 shares
RII	9,62,400 shares	23,75,000 shares
Employee	24,000 shares
Others
Total	27,73,600 shares	67,85,500 shares

Bids Received (Subscription)

Sahaj Solar IPO subscribed 507.21x in total, whereas SAR Televenture FPO subscribed 7.49x.

	Sahaj Solar IPO	SAR Televenture FPO
QIB (times)	214.27x	8.31x
NII (times)	862.35x	8.34x
Big NII (times)
Small NII (times)
RII (times)	535.03x	6.52x
Employee (times)
Other (times)
Total (times)	507.21x	7.49x

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