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Sai Swami Metals IPO vs Slone Infosystems IPO

Comparison between Sai Swami Metals IPO and Slone Infosystems IPO.

IPO Details

Sai Swami Metals IPO is a SME Fixed Price IPO proposed to list at BSE SME while Slone Infosystems IPO is a SME Fixed Price proposed to list at NSE SME.

 Sai Swami Metals IPOSlone Infosystems IPO
LogoSai Swami Metals IPO LogoSlone Infosystems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Jawa Capital Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSunflower Broking Pvt.Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sai Swami Metals IPO is up to ₹14.23 Cr whereas the issue size of the Slone Infosystems IPO is up to ₹10.50 Cr. The final issue price of Sai Swami Metals IPO is ₹60.00 per share and of Slone Infosystems IPO is ₹79.00 per share.

 Sai Swami Metals IPOSlone Infosystems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹60.00 per share₹79.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size23,72,000 shares13,29,600 shares
Fresh Issue Size (Amount)up to ₹14.23 Crup to ₹10.50 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,72,000 shares13,29,600 shares
Issue Size Total (Amount)up to ₹14.23 Crup to ₹10.50 Cr

IPO Timetable

Sai Swami Metals IPO opens on Apr 30, 2024, while Slone Infosystems IPO opens on May 03, 2024. The closing date of Sai Swami Metals IPO and Slone Infosystems IPO is May 03, 2024, and May 07, 2024, respectively.

 Sai Swami Metals IPOSlone Infosystems IPO
Anchor Bid Date
Issue OpenApr 30, 2024May 03, 2024
Issue CloseMay 03, 2024May 07, 2024
Basis Of Allotment (Tentative)May 06, 2024May 08, 2024
Initiation of Refunds (Tentative)May 07, 2024May 09, 2024
Credit of Share (Tentative)May 07, 2024May 09, 2024
Listing date (Tentative)May 08, 2024May 10, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sai Swami Metals IPO P/E ratio is 11.34, as compared to Slone Infosystems IPO P/E ratio of 40.94.

 Sai Swami Metals IPOSlone Infosystems IPO
Financials

Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202331 Mar 2023
Assets2,617.312,583.16
Total Income3,333.86626.76
Profit After Tax179.523.83
Net Worth664.4735.32
Reserves and Surplus252.7034.32
Total Borrowing743.16610.23
Amount in ₹ Lakhs

Slone Infosystems Limited Financial Information (Restated)

Slone Infosystems Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 94.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,978.581,190.711,167.37929.41
Total Income3,434.863,077.402,659.141,157.44
Profit After Tax284.7274.6638.3127.54
Net Worth1,187.51210.49228.70189.61
Reserves and Surplus800.6125.94
Total Borrowing642.66681.53921.15726.10
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.8899.43
Promoter Shareholding (Post-Issue)62.1573.01
P/E Ratio11.3440.94
Market Cap₹39.71 Cr.₹41.63 Cr.
ROE74%
ROCE34.44%
Debt/Equity0.33
EPS₹5.29₹1.93
RoNW27.02%23.98%

Shares Offered

In the Sai Swami Metals IPO Retail Individual Investors (RII) are offered 11,86,000 shares while in Slone Infosystems IPO retail investors are offered 11,86,000 shares. Qualified Institutional Buyers (QIB) are offered in Sai Swami Metals IPO and in Slone Infosystems IPO.

 Sai Swami Metals IPOSlone Infosystems IPO
Anchor Investor Reserveration
Market Maker Reserveration1,28,000 shares70,400 shares
QIB
NII11,86,000 shares6,64,000 shares
RII11,86,000 shares6,65,600 shares
Employee
Others
Total23,72,000 shares13,29,600 shares

Bids Received (Subscription)

Sai Swami Metals IPO subscribed 543.72x in total, whereas Slone Infosystems IPO subscribed 667.81x.

 Sai Swami Metals IPOSlone Infosystems IPO
QIB (times)
NII (times)533.83x756.88x
Big NII (times)
Small NII (times)
RII (times)529.01x540.80x
Employee (times)
Other (times)
Total (times)543.72x667.81x