Sangani Hospitals IPO vs Shri Techtex IPO

Comparison between Sangani Hospitals IPO and Shri Techtex IPO.

IPO Details

Sangani Hospitals IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shri Techtex IPO is a SME Bookbuilding proposed to list at NSE SME.

	Sangani Hospitals IPO	Shri Techtex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sangani Hospitals IPO is up to ₹14.40 Cr whereas the issue size of the Shri Techtex IPO is up to ₹42.87 Cr. The final issue price of Sangani Hospitals IPO is ₹40.00 per share and of Shri Techtex IPO is ₹61.00 per share.

	Sangani Hospitals IPO	Shri Techtex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹37.00 per share	₹54.00 per share
Issue Price (Upper)	₹40.00 per share	₹61.00 per share
Issue Price (Final)	₹40.00 per share	₹61.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	36,00,000 shares	70,28,000 shares
Fresh Issue Size (Amount)	up to ₹14.40 Cr	up to ₹42.87 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	36,00,000 shares	70,28,000 shares
Issue Size Total (Amount)	up to ₹14.40 Cr	up to ₹42.87 Cr

IPO Timetable

Sangani Hospitals IPO opens on Aug 04, 2023, while Shri Techtex IPO opens on Jul 26, 2023. The closing date of Sangani Hospitals IPO and Shri Techtex IPO is Aug 08, 2023, and Jul 28, 2023, respectively.

	Sangani Hospitals IPO	Shri Techtex IPO
Anchor Bid Date		Jul 25, 2023
Issue Open	Aug 04, 2023	Jul 26, 2023
Issue Close	Aug 08, 2023	Jul 28, 2023
Basis Of Allotment (Tentative)	Aug 11, 2023	Aug 02, 2023
Initiation of Refunds (Tentative)	Aug 14, 2023	Aug 03, 2023
Credit of Share (Tentative)	Aug 16, 2023	Aug 04, 2023
Listing date (Tentative)	Aug 17, 2023	Aug 04, 2023
Anchor Lockin End date 1		Sep 01, 2023
Anchor Lockin End date 2		Oct 31, 2023

Financials & KPIs

Sangani Hospitals IPO P/E ratio is 37.03, as compared to Shri Techtex IPO P/E ratio of 16.71.

Sangani Hospitals IPO

Shri Techtex IPO

Financials

Sangani Hospitals IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	330.36	299.20	705.45	1,959.01
Total Income	446.47	498.21	420.63	1,576.24
Profit After Tax	22.81	79.06	105.35	148.37
Net Worth	183.35	168.79	501.60	1,797.29
Reserves and Surplus		168.83	106.78	798.79
Total Borrowing	34.72	34.57		10.08

Amount in ₹ Lakhs

Shri Techtex Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,766.65	1,625.73	447.23	808.49	588.04	488.05
31-Mar-21	4,652.15	4,021.58	1,265.68	2,075.69	1,853.72	1,498.66
31-Mar-22	5,282.41	5,182.15	826.56	2,099.47	1,875.99	2,451.57
31-Mar-23	7,386.45	5,807.58	910.63	2,981.50	1,256.61	3,188.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

100

Promoter Shareholding (Post-Issue)

70.34

P/E Ratio

37.03

16.71

Market Cap

₹55.11 Cr.

₹152.20 Cr.

ROE

35.84%

ROCE

11.26%

20.07%

Debt/Equity

1.07

EPS

₹3.47

₹5.19

RoNW

35.75%

30.54%

Shares Offered

In the Sangani Hospitals IPO Retail Individual Investors (RII) are offered 16,20,000 shares while in Shri Techtex IPO retail investors are offered 16,20,000 shares. Qualified Institutional Buyers (QIB) are offered 3,60,000 shares in Sangani Hospitals IPO and 14,10,000 shares in Shri Techtex IPO.

	Sangani Hospitals IPO	Shri Techtex IPO
Anchor Investor Reserveration		21,00,000 shares
Market Maker Reserveration	1,92,000 shares	3,72,000 shares
QIB	3,60,000 shares	14,10,000 shares
NII	16,20,000 shares	10,56,000 shares
RII	16,20,000 shares	24,62,000 shares
Employee
Others
Total	36,00,000 shares	70,28,000 shares

Bids Received (Subscription)

Sangani Hospitals IPO subscribed 4.54x in total, whereas Shri Techtex IPO subscribed 148.44x.

	Sangani Hospitals IPO	Shri Techtex IPO
QIB (times)	11.42x	58.03x
NII (times)	1.38x	250.65x
Big NII (times)
Small NII (times)
RII (times)	6.17x	156.37x
Employee (times)
Other (times)
Total (times)	4.54x	148.44x

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