Honasa Consumer IPO vs Saraswati Saree Depot IPO

Comparison between Honasa Consumer IPO and Saraswati Saree Depot IPO.

IPO Details

Honasa Consumer IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Saraswati Saree Depot IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Honasa Consumer IPO is up to ₹1,701.44 Cr whereas the issue size of the Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Honasa Consumer IPO is ₹324.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

 Honasa Consumer IPOSaraswati Saree Depot IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹308.00 per share₹152.00 per share
Issue Price (Upper)₹324.00 per share₹160.00 per share
Issue Price (Final)₹324.00 per share₹160.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹30.00 per share
Market Lot Size46 shares90 shares
Fresh Issue Size1,12,67,530 shares64,99,800 shares
Fresh Issue Size (Amount)up to ₹365.05 Crup to ₹104.00 Cr
OFS Issue Size4,12,48,162 shares35,01,000 shares
OFS Issue Size (Amount)up to ₹1,336.39 Crup to ₹56.02 Cr
Issue Size Total5,25,15,692 shares1,00,00,800 shares
Issue Size Total (Amount)up to ₹1,701.44 Crup to ₹160.01 Cr

IPO Timetable

Honasa Consumer IPO opens on Oct 31, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Honasa Consumer IPO and Saraswati Saree Depot IPO is Nov 02, 2023, and Aug 14, 2024, respectively.

 Honasa Consumer IPOSaraswati Saree Depot IPO
Anchor Bid DateOct 30, 2023
Issue OpenOct 31, 2023Aug 12, 2024
Issue CloseNov 02, 2023Aug 14, 2024
Basis Of Allotment (Tentative)Nov 06, 2023Aug 16, 2024
Initiation of Refunds (Tentative)Nov 06, 2023Aug 19, 2024
Credit of Share (Tentative)Nov 06, 2023Aug 19, 2024
Listing date (Tentative)Nov 07, 2023Aug 20, 2024
Anchor Lockin End date 1Dec 06, 2023
Anchor Lockin End date 2Feb 04, 2024

Financials & KPIs

Honasa Consumer IPO P/E ratio is , as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

 Honasa Consumer IPOSaraswati Saree Depot IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,048.03966.421,035.01302.64
Total Income477.101,515.27964.35472.10
Profit After Tax24.72-150.9714.44-1,324.61
NET Worth638.26605.90705.62-1,765.14
Reserves and Surplus-1,290.94-1,323.32-1,087.33
Total Borrowing6.793.613.59
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets205.94188.85169.93
Total Income612.58603.52550.31
Profit After Tax29.5322.9712.31
NET Worth64.9135.3812.41
Total Borrowing43.4941.4366.62
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)37.41100
Promoter Shareholding (Post-Issue)35.3474.75
P/E Ratio17.94
Market Cap₹10425.00 Cr.₹633.60 Cr.
ROE58.88
ROCE64.46
Debt/Equity0.67
EPS₹4.66₹8.92
RoNW-23.57%45.49

Shares Offered

In the Honasa Consumer IPO Retail Individual Investors (RII) are offered 52,48,272 shares while in Saraswati Saree Depot IPO retail investors are offered 52,48,272 shares. Qualified Institutional Buyers (QIB) are offered 1,57,44,820 shares in Honasa Consumer IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

 Honasa Consumer IPOSaraswati Saree Depot IPO
Anchor Investor Reservation2,36,17,228 shares
Market Maker Reservation
QIB1,57,44,820 shares50,00,400 shares
NII78,72,409 shares15,00,120 shares
RII52,48,272 shares35,00,280 shares
Employee34,013 shares
Others
Total5,25,16,742 shares1,00,00,800 shares

Bids Received (Subscription)

Honasa Consumer IPO subscribed 7.61x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

 Honasa Consumer IPOSaraswati Saree Depot IPO
QIB (times)11.50x64.12x
NII (times)4.02x358.47x
Big NII (times)4.85x389.28x
Small NII (times)2.36x296.85x
RII (times)1.35x61.59x
Employee (times)4.88x
Other (times)
Total (times)7.61x107.39x

Compare with others

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Honasa Consumer IPO Vs Saraswati Saree Depot IPO