AIK Pipes And Polymers IPO vs Sahara Maritime IPO

Comparision between AIK Pipes And Polymers IPO and Sahara Maritime IPO.

IPO Details

AIK Pipes And Polymers IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sahara Maritime IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	AIK Pipes And Polymers IPO	Sahara Maritime IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Swaraj shares and securities private limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AIK Pipes And Polymers IPO is up to ₹15.02 Cr whereas the issue size of the Sahara Maritime IPO is up to ₹6.88 Cr. The final issue price of AIK Pipes And Polymers IPO is ₹89.00 per share and of Sahara Maritime IPO is ₹81.00 per share.

	AIK Pipes And Polymers IPO	Sahara Maritime IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹89.00 per share	₹81.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	16,88,000 shares	8,49,600 shares
Fresh Issue Size (Amount)	up to ₹15.02 Cr	up to ₹6.88 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,88,000 shares	8,49,600 shares
Issue Size Total (Amount)	up to ₹15.02 Cr	up to ₹6.88 Cr

IPO Timetable

AIK Pipes And Polymers IPO opens on Dec 26, 2023, while Sahara Maritime IPO opens on Dec 18, 2023. The closing date of AIK Pipes And Polymers IPO and Sahara Maritime IPO is Dec 28, 2023, and Dec 20, 2023, respectively.

	AIK Pipes And Polymers IPO	Sahara Maritime IPO
Anchor Bid Date
Issue Open	Dec 26, 2023	Dec 18, 2023
Issue Close	Dec 28, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 29, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Jan 01, 2024	Dec 22, 2023
Credit of Share (Tentative)	Jan 01, 2024	Dec 22, 2023
Listing date (Tentative)	Jan 02, 2024	Dec 26, 2023
Anchor Lockin End date 1	Jan 28, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 28, 2024	Mar 20, 2024

Financials

AIK Pipes And Polymers IPO P/E ratio is 21.54, as compared to Sahara Maritime IPO P/E ratio of 15.03.

AIK Pipes And Polymers IPO

Sahara Maritime IPO

Financial

AIK Pipes And Polymers Limited Financial Information (Restated)

AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,638.56	1,450.50	968.13	739.75
Revenue	1,400.42	3,077.92	2,090.84	1,020.54
Profit After Tax	101.97	187.74	87.90	26.99
Net Worth	662.47	560.50	202.76	84.86
Reserves and Surplus	194.97	433.00	132.76	44.86
Total Borrowing	429.91	538.09	432.17	382.88
Amount in ₹ Lakhs

Sahara Maritime Limited Financial Information (Restated)

Sahara Maritime Limited's revenue increased by 24.07% and profit after tax (PAT) rose by 130.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	880.95	964.52	733.57	535.74
Revenue	531.99	2,611.12	2,104.52	1,021.64
Profit After Tax	1.04	120.74	52.35	64.78
Net Worth	531.58	530.54	365.69	313.34
Reserves and Surplus	309.47	308.43	364.69	312.34
Total Borrowing	163.81	173.26	11.97	38.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

73.47%

72.32%

P/E Ratio

21.54

15.03

Market Cap

₹56.63 Cr.

₹24.87 Cr.

ROE

49.19%%

26.72%%

ROCE

17.90%%

32.77%%

Debt/Equity

0.96

0.33

EPS

₹4.13

₹5.44

RoNW

33.50%

22.76%%

Shares Offered

In the AIK Pipes And Polymers IPO retail investors (RII) are offered 8,01,600 shares while in Sahara Maritime IPO retail investors are offered 8,01,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in AIK Pipes And Polymers IPO and 0 shares in Sahara Maritime IPO.

	AIK Pipes And Polymers IPO	Sahara Maritime IPO
Anchor Investor Reserveration
Market Maker Reserveration	84,800 shares	43,200 shares
QIB	0 shares	0 shares
NII	8,01,600 shares	4,03,200 shares
RII	8,01,600 shares	4,03,200 shares
Employee	0 shares	0 shares
Others
Total	16,03,200 shares	8,06,400 shares

Bids Received (Subscription)

AIK Pipes And Polymers IPO subscribed 43.57x in total, whereas Sahara Maritime IPO subscribed 22.67x.

	AIK Pipes And Polymers IPO	Sahara Maritime IPO
QIB (times)
NII (times)	52.17x	8.98x
Big NII (times)
Small NII (times)
RII (times)	30.93x	36.35x
Employee (times)
Other (times)
Total (times)	43.57x	22.67x

Compare with others

AIK Pipes And Polymers IPO	Sahara Maritime IPO
Akanksha Power and Infrastructure IPO	Balaji Valve Components IPO
HRH Next Services IPO	AIK Pipes And Polymers IPO
MCPL IPO	Indifra IPO
Kay Cee Energy & Infra IPO	Sameera Agro IPO
Balaji Valve Components IPO	Supreme Power Equipment IPO
Indifra IPO	Electro Force India IPO
Sameera Agro IPO	Trident Techlabs IPO
Supreme Power Equipment IPO	Shree OSFM E-Mobility IPO
Sahara Maritime IPO	Siyaram Recycling IPO
Electro Force India IPO	Presstonic Engineering IPO

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