ResGen IPO vs Sudarshan Pharma Industries IPO

Comparison between ResGen IPO and Sudarshan Pharma Industries IPO.

IPO Details

ResGen IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sudarshan Pharma Industries IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of ResGen IPO is up to ₹26.79 Cr whereas the issue size of the Sudarshan Pharma Industries IPO is up to ₹47.58 Cr. The final issue price of ResGen IPO is ₹47.00 per share and of Sudarshan Pharma Industries IPO is ₹73.00 per share.

 ResGen IPOSudarshan Pharma Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹45.00 per share₹71.00 per share
Issue Price (Upper)₹47.00 per share₹73.00 per share
Issue Price (Final)₹47.00 per share₹73.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size57,00,000 shares65,18,400 shares
Fresh Issue Size (Amount)up to ₹26.79 Crup to ₹47.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares65,18,400 shares
Issue Size Total (Amount)up to ₹26.79 Crup to ₹47.58 Cr

IPO Timetable

ResGen IPO opens on Feb 28, 2023, while Sudarshan Pharma Industries IPO opens on Mar 09, 2023. The closing date of ResGen IPO and Sudarshan Pharma Industries IPO is Mar 02, 2023, and Mar 14, 2023, respectively.

 ResGen IPOSudarshan Pharma Industries IPO
Anchor Bid DateFeb 27, 2023Mar 08, 2023
Issue OpenFeb 28, 2023Mar 09, 2023
Issue CloseMar 02, 2023Mar 14, 2023
Basis Of Allotment (Tentative)Mar 08, 2023Mar 17, 2023
Initiation of Refunds (Tentative)Mar 09, 2023Mar 20, 2023
Credit of Share (Tentative)Mar 10, 2023Mar 21, 2023
Listing date (Tentative)Mar 13, 2023Mar 22, 2023
Anchor Lockin End date 1Apr 07, 2023Apr 16, 2023
Anchor Lockin End date 2Jun 06, 2023Jun 15, 2023

Financials & KPIs

ResGen IPO P/E ratio is 27.33, as compared to Sudarshan Pharma Industries IPO P/E ratio of 24.33.

 ResGen IPOSudarshan Pharma Industries IPO
Financials

Company Financials (Restated)

Period Ended05 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets39.1813.7111.101.62
Total Income12.654.810.02
Profit After Tax2.460.740.01-0.15
NET Worth15.103.671.371.36
Reserves and Surplus10.911.47-0.18-0.18
Total Borrowing14.869.339.610.24
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 2021
Assets164.02137.5299.26
Total Income195.90357.56193.73
Profit After Tax3.615.302.67
NET Worth51.0929.7822.51
Reserves and Surplus39.9720.0312.96
Total Borrowing49.4130.5929.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.1580.28
Promoter Shareholding (Post-Issue)67.22
P/E Ratio27.3324.33
Market Cap₹98.58 Cr.₹175.68 Cr.
ROE2017.81
ROCE14.5738.59
Debt/Equity2.541.09
EPS₹17.90₹5.52
RoNW2017.81

Shares Offered

In the ResGen IPO Retail Individual Investors (RII) are offered 19,98,000 shares while in Sudarshan Pharma Industries IPO retail investors are offered 19,98,000 shares. Qualified Institutional Buyers (QIB) are offered 11,28,000 shares in ResGen IPO and 5,21,600 shares in Sudarshan Pharma Industries IPO.

 ResGen IPOSudarshan Pharma Industries IPO
Anchor Investor Reservation16,92,000 shares7,80,800 shares
Market Maker Reservation3,00,000 shares3,44,000 shares
QIB11,28,000 shares5,21,600 shares
NII8,82,000 shares15,64,800 shares
RII19,98,000 shares36,51,200 shares
Employee
Others
Total57,00,000 shares65,18,400 shares

Bids Received (Subscription)

ResGen IPO subscribed 2.50x in total, whereas Sudarshan Pharma Industries IPO subscribed 1.06x.

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ResGen IPO Vs Sudarshan Pharma Industries IPO