Sahara Maritime IPO vs Siyaram Recycling Industries IPO

Comparison between Sahara Maritime IPO and Siyaram Recycling Industries IPO.

IPO Details

Sahara Maritime IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Siyaram Recycling Industries IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Sahara Maritime IPO is up to ₹6.53 Cr whereas the issue size of the Siyaram Recycling Industries IPO is up to ₹21.80 Cr. The final issue price of Sahara Maritime IPO is ₹81.00 per share and of Siyaram Recycling Industries IPO is ₹46.00 per share.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹43.00 per share
Issue Price (Upper)₹46.00 per share
Issue Price (Final)₹81.00 per share₹46.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size8,06,400 shares47,40,000 shares
Fresh Issue Size (Amount)up to ₹6.53 Crup to ₹21.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,06,400 shares47,40,000 shares
Issue Size Total (Amount)up to ₹6.53 Crup to ₹21.80 Cr

IPO Timetable

Sahara Maritime IPO opens on Dec 18, 2023, while Siyaram Recycling Industries IPO opens on Dec 14, 2023. The closing date of Sahara Maritime IPO and Siyaram Recycling Industries IPO is Dec 20, 2023, and Dec 18, 2023, respectively.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Anchor Bid DateDec 13, 2023
Issue OpenDec 18, 2023Dec 14, 2023
Issue CloseDec 20, 2023Dec 18, 2023
Basis Of Allotment (Tentative)Dec 21, 2023Dec 19, 2023
Initiation of Refunds (Tentative)Dec 22, 2023Dec 20, 2023
Credit of Share (Tentative)Dec 22, 2023Dec 20, 2023
Listing date (Tentative)Dec 26, 2023Dec 21, 2023
Anchor Lockin End date 1Jan 18, 2024
Anchor Lockin End date 2Mar 18, 2024

Financials & KPIs

Sahara Maritime IPO P/E ratio is 15.03, as compared to Siyaram Recycling Industries IPO P/E ratio of 8.3.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8.819.657.345.36
Total Income5.3226.1121.0510.22
Profit After Tax0.011.210.520.65
NET Worth5.325.313.663.13
Reserves and Surplus3.093.083.653.12
Total Borrowing1.641.730.120.39
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets151.3698.5198.24
Total Income497.86426.44139.73
Profit After Tax7.653.221.42
NET Worth46.4238.7735.54
Reserves and Surplus32.6224.9621.74
Total Borrowing67.0728.2129.32
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)72.32
P/E Ratio15.038.3
Market Cap₹24.87 Cr.₹86.47 Cr.
ROE26.72%17.97%
ROCE32.77%13.42%
Debt/Equity0.331.44
EPS₹5.44₹5.54
RoNW22.76%16.49%

Shares Offered

In the Sahara Maritime IPO Retail Individual Investors (RII) are offered 4,03,200 shares while in Siyaram Recycling Industries IPO retail investors are offered 4,03,200 shares. Qualified Institutional Buyers (QIB) are offered in Sahara Maritime IPO and 9,48,000 shares in Siyaram Recycling Industries IPO.

 Sahara Maritime IPOSiyaram Recycling Industries IPO
Anchor Investor Reservation14,22,000 shares
Market Maker Reservation43,200 shares2,52,000 shares
QIB9,48,000 shares
NII4,03,200 shares7,11,000 shares
RII4,03,200 shares16,59,000 shares
Employee
Others
Total8,06,400 shares47,40,000 shares

Bids Received (Subscription)

Sahara Maritime IPO subscribed 22.67x in total, whereas Siyaram Recycling Industries IPO subscribed 385.19x.

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Sahara Maritime IPO Vs Siyaram Recycling Industries IPO