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Chavda Infra IPO vs Saroja Pharma IPO

Comparison between Chavda Infra IPO and Saroja Pharma IPO.

IPO Details

Chavda Infra IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saroja Pharma IPO is a SME Fixed Price proposed to list at NSE SME.

 Chavda Infra IPOSaroja Pharma IPO
LogoChavda Infra IPO LogoSaroja Pharma IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Swastika Investmart Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Market MakerSpread X Securities Pvt.Ltd.Swastika Investmart Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Chavda Infra IPO is up to ₹41.08 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

 Chavda Infra IPOSaroja Pharma IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share
Issue Price (Upper)₹65.00 per share
Issue Price (Final)₹65.00 per share₹84.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size63,20,000 shares10,30,400 shares
Fresh Issue Size (Amount)up to ₹41.08 Crup to ₹8.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total63,20,000 shares10,30,400 shares
Issue Size Total (Amount)up to ₹41.08 Crup to ₹8.66 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Chavda Infra IPO and Saroja Pharma IPO is Sep 14, 2023, and Sep 05, 2023, respectively.

 Chavda Infra IPOSaroja Pharma IPO
Anchor Bid DateSep 11, 2023
Issue OpenSep 12, 2023Aug 31, 2023
Issue CloseSep 14, 2023Sep 05, 2023
Basis Of Allotment (Tentative)Sep 20, 2023Sep 08, 2023
Initiation of Refunds (Tentative)Sep 21, 2023Sep 11, 2023
Credit of Share (Tentative)Sep 22, 2023Sep 12, 2023
Listing date (Tentative)Sep 25, 2023Sep 13, 2023
Anchor Lockin End date 1Oct 20, 2023
Anchor Lockin End date 2Dec 19, 2023

Financials & KPIs

Chavda Infra IPO P/E ratio is 9.72, as compared to Saroja Pharma IPO P/E ratio of 23.25.

 Chavda Infra IPOSaroja Pharma IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets154.24108.8186.68
Total Income162.03109.8891.31
Profit After Tax12.055.214.44
NET Worth30.4018.3613.14
Reserves and Surplus12.4016.8611.64
Total Borrowing53.2949.9333.30
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets21.3415.518.22
Total Income50.3555.9636.75
Profit After Tax1.061.140.73
NET Worth5.094.030.94
Reserves and Surplus2.153.800.93
Total Borrowing10.196.143.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)7373.02
P/E Ratio9.7223.25
Market Cap₹160.26 Cr.₹33.77 Cr.
ROE49.41%15
ROCE43.62%25
Debt/Equity1.752.00
EPS₹6.69₹3.61
RoNW39.62%20.85

Shares Offered

In the Chavda Infra IPO Retail Individual Investors (RII) are offered 22,12,000 shares while in Saroja Pharma IPO retail investors are offered 22,12,000 shares. Qualified Institutional Buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and in Saroja Pharma IPO.

 Chavda Infra IPOSaroja Pharma IPO
Anchor Investor Reservation18,96,000 shares
Market Maker Reservation3,36,000 shares54,400 shares
QIB12,64,000 shares
NII9,48,000 shares5,15,200 shares
RII22,12,000 shares5,15,200 shares
Employee
Others
Total63,20,000 shares10,30,400 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Saroja Pharma IPO subscribed 8.88x.

 Chavda Infra IPOSaroja Pharma IPO
QIB (times)95.10x
NII (times)241.96x2.90x
Big NII (times)
Small NII (times)
RII (times)202.07x14.83x
Employee (times)
Other (times)
Total (times)180.06x8.88x

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Compare:

Chavda Infra IPO Vs Saroja Pharma IPO