Mono Pharmacare IPO vs Saroja Pharma IPO

Comparison between Mono Pharmacare IPO and Saroja Pharma IPO.

IPO Details

Mono Pharmacare 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.

	Mono Pharmacare IPO	Saroja Pharma IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt.Ltd.	Swastika Investmart Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Rikhav Securities Ltd.	Swastika Investmart Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mono Pharmacare IPO is up to ₹14.07 Cr whereas the issue size of the Saroja Pharma IPO is up to ₹8.66 Cr. The final issue price of Mono Pharmacare IPO is ₹28.00 per share and of Saroja Pharma IPO is ₹84.00 per share.

	Mono Pharmacare IPO	Saroja Pharma IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹26.00 per share
Issue Price (Upper)	₹28.00 per share
Issue Price (Final)	₹28.00 per share	₹84.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	50,24,000 shares	10,30,400 shares
Fresh Issue Size (Amount)	up to ₹14.07 Cr	up to ₹8.66 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	50,24,000 shares	10,30,400 shares
Issue Size Total (Amount)	up to ₹14.07 Cr	up to ₹8.66 Cr

IPO Timetable

Mono Pharmacare IPO opens on Aug 28, 2023, while Saroja Pharma IPO opens on Aug 31, 2023. The closing date of Mono Pharmacare IPO and Saroja Pharma IPO is Aug 30, 2023, and Sep 05, 2023, respectively.

	Mono Pharmacare IPO	Saroja Pharma IPO
Anchor Bid Date
Issue Open	Aug 28, 2023	Aug 31, 2023
Issue Close	Aug 30, 2023	Sep 05, 2023
Basis Of Allotment (Tentative)	Sep 04, 2023	Sep 08, 2023
Initiation of Refunds (Tentative)	Sep 05, 2023	Sep 11, 2023
Credit of Share (Tentative)	Sep 06, 2023	Sep 12, 2023
Listing date (Tentative)	Sep 07, 2023	Sep 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Mono Pharmacare IPO P/E ratio is , as compared to Saroja Pharma IPO P/E ratio of 23.27.

Mono Pharmacare IPO

Saroja Pharma IPO

Financials

Mono Pharmacare IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	871.70	1,122.46	1,438.31	6,257.39
Total Income	1,168.90	2,837.83	3,710.27
Profit After Tax	1.99	9.51	35.09
Net Worth	201.92	369.58	427.57
Reserves and Surplus				131.71
Total Borrowing	633.46	608.03	643.93

Amount in ₹ Lakhs

Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	822.39	1,551.19	2,133.99
Total Income	3,674.67	5,595.67	5,035.09
Profit After Tax	73.13	114.01	106.06
Net Worth	93.59	402.60	508.66
Reserves and Surplus	92.59	380.02	215.09
Total Borrowing	301.77	613.88	1,018.86

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.02

100.00

Promoter Shareholding (Post-Issue)

73.02

P/E Ratio

23.27

Market Cap

₹49.47 Cr.

₹33.77 Cr.

ROE

9.01%

0.15%

ROCE

10.34%

0.25%

Debt/Equity

2.92

2.00

EPS

₹1.99

₹3.61

RoNW

9.01%

20.85%

Shares Offered

In the Mono Pharmacare IPO Retail Individual Investors (RII) are offered 22,64,000 shares while in Saroja Pharma IPO retail investors are offered 22,64,000 shares. Qualified Institutional Buyers (QIB) are offered 5,00,000 shares in Mono Pharmacare IPO and in Saroja Pharma IPO.

	Mono Pharmacare IPO	Saroja Pharma IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,76,000 shares	54,400 shares
QIB	5,00,000 shares
NII	22,60,000 shares	5,15,200 shares
RII	22,64,000 shares	5,15,200 shares
Employee
Others
Total	50,24,000 shares	10,30,400 shares

Bids Received (Subscription)

Mono Pharmacare IPO subscribed 13.42x in total, whereas Saroja Pharma IPO subscribed 8.88x.

	Mono Pharmacare IPO	Saroja Pharma IPO
QIB (times)	10.89x
NII (times)	8.00x	2.90x
Big NII (times)
Small NII (times)
RII (times)	19.40x	14.83x
Employee (times)
Other (times)
Total (times)	13.42x	8.88x

Compare with others

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Kahan Packaging IPO	Chavda Infra IPO
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C P S Shapers IPO	Pramara Promotions IPO
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Shoora Designs IPO	Mono Pharmacare IPO
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