Sahaj Solar IPO vs Sati Poly Plast IPO

Comparison between Sahaj Solar IPO and Sati Poly Plast IPO.

IPO Details

Sahaj Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sati Poly Plast IPO is a SME Bookbuilding proposed to list at NSE SME.

	Sahaj Solar IPO	Sati Poly Plast IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Kunvarji Finstock Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Aftertrade Broking Pvt.Ltd.	Spread X Securities Pvt.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 Sati Poly Plast IPO is up to ₹16.45 Cr. The final issue price of Sahaj Solar IPO is ₹180.00 per share and of Sati Poly Plast IPO is ₹130.00 per share.

	Sahaj Solar IPO	Sati Poly Plast IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹171.00 per share	₹123.00 per share
Issue Price (Upper)	₹180.00 per share	₹130.00 per share
Issue Price (Final)	₹180.00 per share	₹130.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹15.00 per share
Market Lot Size	800 shares	1000 shares
Fresh Issue Size	27,73,600 shares	12,65,000 shares
Fresh Issue Size (Amount)	up to ₹49.89 Cr	up to ₹16.45 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	12,65,000 shares
Issue Size Total (Amount)	up to ₹49.89 Cr	up to ₹16.45 Cr

IPO Timetable

Sahaj Solar IPO opens on Jul 11, 2024, while Sati Poly Plast IPO opens on Jul 12, 2024. The closing date of Sahaj Solar IPO and Sati Poly Plast IPO is Jul 15, 2024, and Jul 16, 2024, respectively.

	Sahaj Solar IPO	Sati Poly Plast IPO
Anchor Bid Date	Jul 10, 2024	Jul 11, 2024
Issue Open	Jul 11, 2024	Jul 12, 2024
Issue Close	Jul 15, 2024	Jul 16, 2024
Basis Of Allotment (Tentative)	Jul 16, 2024	Jul 18, 2024
Initiation of Refunds (Tentative)	Jul 18, 2024	Jul 19, 2024
Credit of Share (Tentative)	Jul 18, 2024	Jul 19, 2024
Listing date (Tentative)	Jul 19, 2024	Jul 22, 2024
Anchor Lockin End date 1	Aug 15, 2024	Aug 17, 2024
Anchor Lockin End date 2	Oct 14, 2024	Oct 16, 2024

Financials & KPIs

Sahaj Solar IPO P/E ratio is 10.86, as compared to Sati Poly Plast IPO P/E ratio of 14.29.

Sahaj Solar IPO

Sati Poly Plast IPO

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

Sati Poly Plast Limited Financial Information (Restated)

Sati Poly Plast Limited's revenue decreased by -6.05% and profit after tax (PAT) rose by 6.39% 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	5,637.57	4,194.08	3,578.70
Total Income	17,940.98	19,096.69	17,522.39
Profit After Tax	328.64	308.89	28.23
Net Worth	1,230.28	397.64	88.75
Reserves and Surplus	869.08	291.24	-17.65
Total Borrowing	2,520.14	2,630.50	2,358.89
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.09

86.30

Promoter Shareholding (Post-Issue)

71.28

63.00

P/E Ratio

10.86

14.29

Market Cap

₹197.75 Cr.

₹64.31 Cr.

ROE

39.96%

40.38%

ROCE

26.47%

20.45%

Debt/Equity

1.82

EPS

₹16.58

₹9.10

RoNW

39.96%

26.71%

Shares Offered

In the Sahaj Solar IPO Retail Individual Investors (RII) are offered 9,62,400 shares while in Sati Poly Plast IPO retail investors are offered 9,62,400 shares. Qualified Institutional Buyers (QIB) are offered 5,50,400 shares in Sahaj Solar IPO and 2,53,000 shares in Sati Poly Plast IPO.

	Sahaj Solar IPO	Sati Poly Plast IPO
Anchor Investor Reserveration	8,24,000 shares	3,79,000 shares
Market Maker Reserveration	1,46,400 shares	70,000 shares
QIB	5,50,400 shares	2,53,000 shares
NII	4,12,800 shares	1,90,000 shares
RII	9,62,400 shares	4,43,000 shares
Employee	24,000 shares
Others
Total	27,73,600 shares	12,65,000 shares

Bids Received (Subscription)

Sahaj Solar IPO subscribed 507.21x in total, whereas Sati Poly Plast IPO subscribed 499.13x.

	Sahaj Solar IPO	Sati Poly Plast IPO
QIB (times)	214.27x	146.00x
NII (times)	862.35x	569.52x
Big NII (times)
Small NII (times)
RII (times)	535.03x	670.62x
Employee (times)
Other (times)
Total (times)	507.21x	499.13x

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