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Sadhav Shipping IPO vs Zenith Drugs IPO

Comparison between Sadhav Shipping IPO and Zenith Drugs IPO.

IPO Details

Sadhav Shipping IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Bookbuilding proposed to list at NSE SME.

 Sadhav Shipping IPOZenith Drugs IPO
LogoSadhav Shipping IPO LogoZenith Drugs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersISK Advisors Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sadhav Shipping IPO is up to ₹36.25 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹33.94 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

 Sadhav Shipping IPOZenith Drugs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹75.00 per share
Issue Price (Upper)₹79.00 per share
Issue Price (Final)₹95.00 per share₹79.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size38,16,000 shares42,96,000 shares
Fresh Issue Size (Amount)up to ₹36.25 Crup to ₹33.94 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,16,000 shares42,96,000 shares
Issue Size Total (Amount)up to ₹36.25 Crup to ₹33.94 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Sadhav Shipping IPO and Zenith Drugs IPO is Feb 27, 2024, and Feb 22, 2024, respectively.

 Sadhav Shipping IPOZenith Drugs IPO
Anchor Bid DateFeb 16, 2024
Issue OpenFeb 23, 2024Feb 19, 2024
Issue CloseFeb 27, 2024Feb 22, 2024
Basis Of Allotment (Tentative)Feb 28, 2024Feb 23, 2024
Initiation of Refunds (Tentative)Feb 29, 2024Feb 26, 2024
Credit of Share (Tentative)Feb 29, 2024Feb 26, 2024
Listing date (Tentative)Mar 01, 2024Feb 27, 2024
Anchor Lockin End date 1Mar 24, 2024
Anchor Lockin End date 2May 23, 2024

Financials & KPIs

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Zenith Drugs IPO P/E ratio of 18.4.

 Sadhav Shipping IPOZenith Drugs IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets131.13116.2969.0961.18
Total Income33.8678.9169.7861.24
Profit After Tax4.077.753.013.31
NET Worth45.0140.9435.0432.06
Reserves and Surplus42.0637.9932.0829.10
Total Borrowing66.8255.2720.8317.76
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets112.4997.9468.58
Total Income69.48115.7092.67
Profit After Tax5.395.153.13
NET Worth22.6517.2412.09
Reserves and Surplus10.6516.8411.69
Total Borrowing29.0326.0518.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.44100.00
Promoter Shareholding (Post-Issue)69.4469.98
P/E Ratio12.6618.4
Market Cap₹136.35 Cr.₹135.48 Cr.
ROE20.41%35.13%
ROCE14.36%37.29%
Debt/Equity1.51
EPS₹7.50₹4.29
RoNW18.94%29.88%

Shares Offered

In the Sadhav Shipping IPO Retail Individual Investors (RII) are offered 19,08,000 shares while in Zenith Drugs IPO retail investors are offered 19,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Sadhav Shipping IPO and 8,59,200 shares in Zenith Drugs IPO.

 Sadhav Shipping IPOZenith Drugs IPO
Anchor Investor Reservation12,88,000 shares
Market Maker Reservation2,02,800 shares8,52,800 shares
QIB8,59,200 shares
NII19,08,000 shares6,44,800 shares
RII19,08,000 shares15,04,000 shares
Employee
Others
Total38,16,000 shares42,96,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 135.69x in total, whereas Zenith Drugs IPO subscribed 179.18x.

 Sadhav Shipping IPOZenith Drugs IPO
QIB (times)106.72x
NII (times)184.58x368.77x
Big NII (times)
Small NII (times)
RII (times)65.52x139.28x
Employee (times)
Other (times)
Total (times)135.69x179.18x

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Compare:

Sadhav Shipping IPO Vs Zenith Drugs IPO