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Chandan Healthcare IPO vs Solarium Green Energy IPO

Comparison between Chandan Healthcare IPO and Solarium Green Energy IPO.

IPO Details

Chandan Healthcare IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Solarium Green Energy IPO is a SME Bookbuilding proposed to list at BSE SME.

 Chandan Healthcare IPOSolarium Green Energy IPO
LogoChandan Healthcare IPO LogoSolarium Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersUnistone Capital Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerR.K.Stock Holding Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Chandan Healthcare IPO is up to ₹101.88 Cr whereas the issue size of the Solarium Green Energy IPO is up to ₹99.56 Cr. The final issue price of Chandan Healthcare IPO is ₹159.00 per share and of Solarium Green Energy IPO is ₹191.00 per share.

 Chandan Healthcare IPOSolarium Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹151.00 per share₹181.00 per share
Issue Price (Upper)₹159.00 per share₹191.00 per share
Issue Price (Final)₹159.00 per share₹191.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹15.00 per share
Market Lot Size800 shares600 shares
Fresh Issue Size41,12,864 shares52,12,800 shares
Fresh Issue Size (Amount)up to ₹65.34 Crup to ₹99.56 Cr
OFS Issue Size22,99,936 shares0 shares
OFS Issue Size (Amount)up to ₹36.54 Crup to ₹0.00 Cr
Issue Size Total64,12,800 shares52,12,800 shares
Issue Size Total (Amount)up to ₹101.88 Crup to ₹99.56 Cr

IPO Timetable

Chandan Healthcare IPO opens on Feb 10, 2025, while Solarium Green Energy IPO opens on Feb 06, 2025. The closing date of Chandan Healthcare IPO and Solarium Green Energy IPO is Feb 12, 2025, and Feb 10, 2025, respectively.

 Chandan Healthcare IPOSolarium Green Energy IPO
Anchor Bid DateFeb 07, 2025Feb 05, 2025
Issue OpenFeb 10, 2025Feb 06, 2025
Issue CloseFeb 12, 2025Feb 10, 2025
Basis Of Allotment (Tentative)Feb 13, 2025Feb 11, 2025
Initiation of Refunds (Tentative)Feb 14, 2025Feb 12, 2025
Credit of Share (Tentative)Feb 14, 2025Feb 12, 2025
Listing date (Tentative)Feb 17, 2025Feb 13, 2025
Anchor Lockin End date 1Mar 14, 2025Mar 13, 2025
Anchor Lockin End date 2May 13, 2025May 12, 2025

Financials & KPIs

Chandan Healthcare IPO P/E ratio is 19.44, as compared to Solarium Green Energy IPO P/E ratio of 18.81.

 Chandan Healthcare IPOSolarium Green Energy IPO
Financials

Chandan Healthcare Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets170.06128.8697.8381.23
Total Income167.99177.96137.03119.92
Profit After Tax17.4216.363.59-1.09
Net Worth41.0927.323.93
Reserves and Surplus34.3121.167.374
Total Borrowing51.9242.0121.3616.58
Amount in ₹ Crore

Solarium Green Energy Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2577.2144.3731.81
Total Income82.34177.8198.93167.89
Profit After Tax7.5515.591.742.05
Net Worth33.1320.334.743
Reserves and Surplus17.7817.331.74
Total Borrowing33.4730.7626.7214.8
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)69.9678.50
Promoter Shareholding (Post-Issue)49.2057.77
P/E Ratio19.4418.81
Market Cap₹388.79 Cr.₹398.23 Cr.
ROE47.50%124.38%
ROCE35.20%54.18%
Debt/Equity1.021.51
EPS₹8.18₹10.16
RoNW39.54%76.69%

Shares Offered

In the Chandan Healthcare IPO Retail Individual Investors (RII) are offered 21,59,200 shares while in Solarium Green Energy IPO retail investors are offered 21,59,200 shares. Qualified Institutional Buyers (QIB) are offered 12,33,600 shares in Chandan Healthcare IPO and 10,42,800 shares in Solarium Green Energy IPO.

 Chandan Healthcare IPOSolarium Green Energy IPO
Anchor Investor Reserveration18,48,800 shares15,63,000 shares
Market Maker Reserveration3,39,200 shares2,86,800 shares
QIB12,33,600 shares10,42,800 shares
NII9,25,600 shares7,82,400 shares
RII21,59,200 shares18,24,600 shares
Employee2,45,600 shares0 shares
Others
Total64,12,800 shares52,12,800 shares

Bids Received (Subscription)

Chandan Healthcare IPO subscribed 7.04x in total, whereas Solarium Green Energy IPO subscribed 8.83x.

 Chandan Healthcare IPOSolarium Green Energy IPO
QIB (times)7.58x8.51x
NII (times)18.85x18.04x
Big NII (times)
Small NII (times)
RII (times)2.44x5.07x
Employee (times)
Other (times)
Total (times)7.04x8.83x