Akums Drugs and Pharmaceuticals IPO vs Sahaj Solar IPO

Comparision between Akums Drugs and Pharmaceuticals IPO and Sahaj Solar IPO.

IPO Details

Akums Drugs and Pharmaceuticals IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sahaj Solar IPO is a SME Book Built Issue proposed to list at NSE SME.

	Akums Drugs and Pharmaceuticals IPO	Sahaj Solar IPO
Logo
Issue Category	Mainline	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	NSE SME
Lead Managers	ICICI Securities Limited Axis Bank Limited Citigroup Global Markets India Private Limited Ambit Private Limited	Kunvarji Finstock Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker		Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Akums Drugs and Pharmaceuticals IPO is up to ₹1,856.74 Cr whereas the issue size of the Sahaj Solar IPO is up to ₹52.56 Cr. The final issue price of Akums Drugs and Pharmaceuticals IPO is ₹679.00 per share and of Sahaj Solar IPO is ₹180.00 per share.

	Akums Drugs and Pharmaceuticals IPO	Sahaj Solar IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹646.00 per share	₹171.00 per share
Issue Price (Upper)	₹679.00 per share	₹180.00 per share
Issue Price (Final)	₹679.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)	₹64.00 per share	₹15.00 per share
Market Lot Size	22 shares	800 shares
Fresh Issue Size	1,00,14,727 shares	29,20,000 shares
Fresh Issue Size (Amount)	up to ₹680.00 Cr	up to ₹52.56 Cr
OFS Issue Size	1,73,30,435 shares
OFS Issue Size (Amount)	up to ₹1,176.74 Cr
Issue Size Total	2,73,45,162 shares	29,20,000 shares
Issue Size Total (Amount)	up to ₹1,856.74 Cr	up to ₹52.56 Cr

IPO Timetable

Akums Drugs and Pharmaceuticals IPO opens on Jul 30, 2024, while Sahaj Solar IPO opens on Jul 11, 2024. The closing date of Akums Drugs and Pharmaceuticals IPO and Sahaj Solar IPO is Aug 01, 2024, and Jul 15, 2024, respectively.

	Akums Drugs and Pharmaceuticals IPO	Sahaj Solar IPO
Anchor Bid Date	Jul 29, 2024	Jul 10, 2024
Issue Open	Jul 30, 2024	Jul 11, 2024
Issue Close	Aug 01, 2024	Jul 15, 2024
Basis Of Allotment (Tentative)	Aug 02, 2024	Jul 16, 2024
Initiation of Refunds (Tentative)	Aug 05, 2024	Jul 18, 2024
Credit of Share (Tentative)	Aug 05, 2024	Jul 18, 2024
Listing date (Tentative)	Aug 06, 2024	Jul 19, 2024
Anchor Lockin End date 1	Sep 01, 2024	Aug 15, 2024
Anchor Lockin End date 2	Oct 31, 2024	Oct 14, 2024

Financials

Akums Drugs and Pharmaceuticals IPO P/E ratio is , as compared to Sahaj Solar IPO P/E ratio of 10.86.

Akums Drugs and Pharmaceuticals IPO

Sahaj Solar IPO

Financial

Akums Drugs and Pharmaceuticals Limited Financial Information (Restated Consolidated)

Akums Drugs and Pharmaceuticals Limited's revenue increased by 13.81% and profit after tax (PAT) dropped by -99.19% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,516.37	3,266.53	3,069.05
Revenue	4,212.21	3,700.93	3,694.52
Profit After Tax	0.79	97.82	-250.87
Net Worth	709.50	717.19	621.98
Reserves and Surplus	861.01	868.70	787.79
Total Borrowing	491.56	536.97	357.95
Amount in ₹ Crore

Sahaj Solar Limited Financial Information (Restated Consolidated)

Sahaj Solar Limited's revenue increased by 8.56% and profit after tax (PAT) rose by 106.25% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,936.40	9,081.50	6,103.22	3,463.94
Revenue	20,171.55	18,580.48	6,728.95	6,218.78
Profit After Tax	1,337.29	648.37	102.50	70.58
Net Worth	3,293.12	1,637.30	1,002.05	922.01
Reserves and Surplus	2,496.78	859.22	479.99	405.40
Total Borrowing	5,680.86	1,361.97	1,711.35	1,502.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.94%

97.09%

Promoter Shareholding (Post-Issue)

71.28%

P/E Ratio

10.86

Market Cap

₹197.75 Cr.

ROE

0.11%%

39.96%%

ROCE

3.37%%

26.47%%

Debt/Equity

0.69

EPS

₹16.58

RoNW

-0.57%

39.96%%

Shares Offered

In the Akums Drugs and Pharmaceuticals IPO retail investors (RII) are offered 27,12,424 shares while in Sahaj Solar IPO retail investors are offered 27,12,424 shares. Qualified institutional buyers (QIB) are offered 81,37,276 shares in Akums Drugs and Pharmaceuticals IPO and 5,50,400 shares in Sahaj Solar IPO.

	Akums Drugs and Pharmaceuticals IPO	Sahaj Solar IPO
Anchor Investor Reserveration	1,22,05,912 shares	8,24,000 shares
Market Maker Reserveration		1,46,400 shares
QIB	81,37,276 shares	5,50,400 shares
NII	40,68,637 shares	4,12,800 shares
RII	27,12,424 shares	9,62,400 shares
Employee	2,43,902 shares	0 shares
Others
Total	1,51,62,239 shares	19,49,600 shares

Bids Received (Subscription)

Akums Drugs and Pharmaceuticals IPO subscribed 63.44x in total, whereas Sahaj Solar IPO subscribed 507.21x.

	Akums Drugs and Pharmaceuticals IPO	Sahaj Solar IPO
QIB (times)	90.09x	214.27x
NII (times)	42.10x	862.35x
Big NII (times)	47.43x
Small NII (times)	31.45x
RII (times)	20.80x	535.03x
Employee (times)	4.14x
Other (times)
Total (times)	63.44x	507.21x

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