Pune E-Stock Broking IPO vs Sona Machinery IPO

Comparison between Pune E-Stock Broking IPO and Sona Machinery IPO.

IPO Details

Pune E-Stock Broking IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sona Machinery IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Pune E-Stock Broking IPO is up to ₹32.50 Cr whereas the issue size of the Sona Machinery IPO is up to ₹49.22 Cr. The final issue price of Pune E-Stock Broking IPO is ₹83.00 per share and of Sona Machinery IPO is ₹143.00 per share.

 Pune E-Stock Broking IPOSona Machinery IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹78.00 per share₹136.00 per share
Issue Price (Upper)₹83.00 per share₹143.00 per share
Issue Price (Final)₹83.00 per share₹143.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size39,15,200 shares34,42,000 shares
Fresh Issue Size (Amount)up to ₹32.50 Crup to ₹49.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total39,15,200 shares34,42,000 shares
Issue Size Total (Amount)up to ₹32.50 Crup to ₹49.22 Cr

IPO Timetable

Pune E-Stock Broking IPO opens on Mar 07, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Pune E-Stock Broking IPO and Sona Machinery IPO is Mar 12, 2024, and Mar 07, 2024, respectively.

 Pune E-Stock Broking IPOSona Machinery IPO
Anchor Bid DateMar 06, 2024Mar 04, 2024
Issue OpenMar 07, 2024Mar 05, 2024
Issue CloseMar 12, 2024Mar 07, 2024
Basis Of Allotment (Tentative)Mar 13, 2024Mar 11, 2024
Initiation of Refunds (Tentative)Mar 14, 2024Mar 12, 2024
Credit of Share (Tentative)Mar 14, 2024Mar 12, 2024
Listing date (Tentative)Mar 15, 2024Mar 13, 2024
Anchor Lockin End date 1Apr 12, 2024Apr 10, 2024
Anchor Lockin End date 2Jun 11, 2024Jun 09, 2024

Financials & KPIs

Pune E-Stock Broking IPO P/E ratio is 9.5, as compared to Sona Machinery IPO P/E ratio of 18.8.

 Pune E-Stock Broking IPOSona Machinery IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets222.25158.01163.14132.89
Total Income30.1141.0346.6634.75
Profit After Tax6.119.6510.126.50
NET Worth82.6076.5567.5558.07
Reserves and Surplus71.5569.1860.1850.70
Total Borrowing8.2618.5416.4011.95
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets42.1128.5815.177.32
Total Income62.8881.1844.536.06
Profit After Tax6.487.683.260.28
NET Worth17.8011.323.640.38
Reserves and Surplus7.7011.223.540.28
Total Borrowing1.132.532.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.75100.00
Promoter Shareholding (Post-Issue)51.3473.59
P/E Ratio9.518.8
Market Cap₹129.90 Cr.₹196.25 Cr.
ROE7.30%44.49%
ROCE8.25%46.61%
Debt/Equity0.06
EPS₹8.73₹7.61
RoNW7.39%36.39%

Shares Offered

In the Pune E-Stock Broking IPO Retail Individual Investors (RII) are offered 13,71,200 shares while in Sona Machinery IPO retail investors are offered 13,71,200 shares. Qualified Institutional Buyers (QIB) are offered 7,82,400 shares in Pune E-Stock Broking IPO and 6,88,000 shares in Sona Machinery IPO.

 Pune E-Stock Broking IPOSona Machinery IPO
Anchor Investor Reservation11,72,800 shares10,32,000 shares
Market Maker Reservation6,91,200 shares1,82,000 shares
QIB7,82,400 shares6,88,000 shares
NII5,88,800 shares5,17,000 shares
RII13,71,200 shares12,05,000 shares
Employee
Others
Total39,15,200 shares34,42,000 shares

Bids Received (Subscription)

Pune E-Stock Broking IPO subscribed 371.16x in total, whereas Sona Machinery IPO subscribed 273.50x.

 Pune E-Stock Broking IPOSona Machinery IPO
QIB (times)123.02x129.72x
NII (times)775.99x554.42x
Big NII (times)
Small NII (times)
RII (times)338.92x235.06x
Employee (times)
Other (times)
Total (times)371.16x273.50x

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