Saroja Pharma IPO vs Sungarner Energies IPO

Comparison between Saroja Pharma IPO and Sungarner Energies IPO.

IPO Details

Saroja Pharma IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sungarner Energies IPO is a SME Fixed Price proposed to list at NSE SME.

	Saroja Pharma IPO	Sungarner Energies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd.	Fast Track Finsec Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Swastika Investmart Ltd.	Nikunj Stock Brokers 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 Saroja Pharma IPO is up to ₹8.66 Cr whereas the issue size of the Sungarner Energies IPO is up to ₹4.83 Cr. The final issue price of Saroja Pharma IPO is ₹84.00 per share and of Sungarner Energies IPO is ₹83.00 per share.

	Saroja Pharma IPO	Sungarner Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹84.00 per share	₹83.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	10,30,400 shares	5,82,400 shares
Fresh Issue Size (Amount)	up to ₹8.66 Cr	up to ₹4.83 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	10,30,400 shares	5,82,400 shares
Issue Size Total (Amount)	up to ₹8.66 Cr	up to ₹4.83 Cr

IPO Timetable

Saroja Pharma IPO opens on Aug 31, 2023, while Sungarner Energies IPO opens on Aug 21, 2023. The closing date of Saroja Pharma IPO and Sungarner Energies IPO is Sep 05, 2023, and Aug 23, 2023, respectively.

	Saroja Pharma IPO	Sungarner Energies IPO
Anchor Bid Date
Issue Open	Aug 31, 2023	Aug 21, 2023
Issue Close	Sep 05, 2023	Aug 23, 2023
Basis Of Allotment (Tentative)	Sep 08, 2023	Aug 28, 2023
Initiation of Refunds (Tentative)	Sep 11, 2023	Aug 29, 2023
Credit of Share (Tentative)	Sep 12, 2023	Aug 30, 2023
Listing date (Tentative)	Sep 13, 2023	Aug 31, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Saroja Pharma IPO P/E ratio is 23.27, as compared to Sungarner Energies IPO P/E ratio of 13.07.

Saroja Pharma IPO

Sungarner Energies IPO

Financials

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

Sungarner Energies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	318.19	536.27	1,014.67
Total Income	536.43	797.66	1,765.33
Profit After Tax	15.72	57.50	74.31
Net Worth	98.73	156.23	320.54
Reserves and Surplus	52.23	109.73	152.66
Total Borrowing	103.78	226.62	424.11

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

84.94

Promoter Shareholding (Post-Issue)

73.02

61.49

P/E Ratio

23.27

13.07

Market Cap

₹33.77 Cr.

₹19.25 Cr.

ROE

0.15%

31.17%

ROCE

0.25%

25.28%

Debt/Equity

2.00

1.32

EPS

₹3.61

₹6.35

RoNW

20.85%

23.18%

Shares Offered

In the Saroja Pharma IPO Retail Individual Investors (RII) are offered 5,15,200 shares while in Sungarner Energies IPO retail investors are offered 5,15,200 shares. Qualified Institutional Buyers (QIB) are offered in Saroja Pharma IPO and in Sungarner Energies IPO.

	Saroja Pharma IPO	Sungarner Energies IPO
Anchor Investor Reserveration
Market Maker Reserveration	54,400 shares	57,600 shares
QIB
NII	5,15,200 shares	2,91,200 shares
RII	5,15,200 shares	2,91,200 shares
Employee
Others
Total	10,30,400 shares	5,82,400 shares

Bids Received (Subscription)

Saroja Pharma IPO subscribed 8.88x in total, whereas Sungarner Energies IPO subscribed 152.40x.

	Saroja Pharma IPO	Sungarner Energies IPO
QIB (times)
NII (times)	2.90x	110.59x
Big NII (times)
Small NII (times)
RII (times)	14.83x	192.93x
Employee (times)
Other (times)
Total (times)	8.88x	152.40x

Compare with others

Saroja Pharma IPO	Sungarner Energies IPO
Chavda Infra IPO	Pramara Promotions IPO
Jiwanram Sheoduttrai IPO	Saroja Pharma IPO
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Pramara Promotions IPO	Mono Pharmacare IPO
Basilic Fly Studio IPO	Sahaj Fashions IPO
C P S Shapers IPO	Shoora Designs IPO
Mono Pharmacare IPO	Bondada Engineering IPO
Sungarner Energies IPO	Crop Life Science IPO
Sahaj Fashions IPO	Shelter Pharma IPO