Bizotic Commercial IPO vs Sahana System IPO

Comparision between Bizotic Commercial IPO and Sahana System IPO.

IPO Details

Bizotic Commercial IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sahana System IPO is a SME Book Built Issue proposed to list at NSE SME.

	Bizotic Commercial IPO	Sahana System IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Interactive Financial Services Ltd	Unistone Capital Pvt Ltd Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Beeline Broking Ltd.	Rikhav Securities 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 Bizotic Commercial IPO is up to ₹42.21 Cr whereas the issue size of the Sahana System IPO is up to ₹32.74 Cr. The final issue price of Bizotic Commercial IPO is ₹175.00 per share and of Sahana System IPO is ₹135.00 per share.

	Bizotic Commercial IPO	Sahana System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹132.00 per share
Issue Price (Upper)		₹135.00 per share
Issue Price (Final)	₹175.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	1000 shares
Fresh Issue Size	24,12,000 shares	24,25,000 shares
Fresh Issue Size (Amount)	up to ₹42.21 Cr	up to ₹32.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	24,12,000 shares	24,25,000 shares
Issue Size Total (Amount)	up to ₹42.21 Cr	up to ₹32.74 Cr

IPO Timetable

Bizotic Commercial IPO opens on Jun 12, 2023, while Sahana System IPO opens on May 31, 2023. The closing date of Bizotic Commercial IPO and Sahana System IPO is Jun 15, 2023, and Jun 02, 2023, respectively.

	Bizotic Commercial IPO	Sahana System IPO
Anchor Bid Date
Issue Open	Jun 12, 2023	May 31, 2023
Issue Close	Jun 15, 2023	Jun 02, 2023
Basis Of Allotment (Tentative)	Jun 20, 2023	Jun 07, 2023
Initiation of Refunds (Tentative)	Jun 21, 2023	Jun 08, 2023
Credit of Share (Tentative)	Jun 22, 2023	Jun 09, 2023
Listing date (Tentative)	Jun 23, 2023	Jun 12, 2023
Anchor Lockin End date 1	Jul 20, 2023	Jul 07, 2023
Anchor Lockin End date 2	Sep 18, 2023	Sep 05, 2023

Financials

Bizotic Commercial IPO P/E ratio is 36.38, as compared to Sahana System IPO P/E ratio of 16.88.

Bizotic Commercial IPO

Sahana System IPO

Financial

Bizotic Commercial Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,102.04	1,113.97	16.34	29.52	28.52
31-Mar-21	1,897.65	1,679.97	34.08	63.60	62.60
31-Mar-22	3,738.37	5,341.98	59.57	123.17	122.17	256.48
31-Dec-22	3,972.95	3,749.41	290.28	865.52	302.72	369.40
Amount in ₹ Lakhs

Sahana System Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	772.93	331.47	16.44	17.44	16.44	723.25
31-Mar-22	1,498.91	1,217.39	141.18	452.06	142.53	512.59
31-Mar-23	2,417.82	2,414.23	639.64	1,079.71	522.56	477.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

90.25%

Promoter Shareholding (Post-Issue)

P/E Ratio

36.38

16.88

Market Cap

₹140.70 Cr.

₹107.95 Cr.

ROE

83.52%%

ROCE

61.05%%

Debt/Equity

0.44

EPS

₹0.82

₹11.48

RoNW

51.27%%

59.24%%

Shares Offered

In the Bizotic Commercial IPO retail investors (RII) are offered 11,45,600 shares while in Sahana System IPO retail investors are offered 11,45,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Bizotic Commercial IPO and 2,30,000 shares in Sahana System IPO.

	Bizotic Commercial IPO	Sahana System IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,20,800 shares	1,25,000 shares
QIB	0 shares	2,30,000 shares
NII	11,45,600 shares	10,35,000 shares
RII	11,45,600 shares	10,35,000 shares
Employee	0 shares	0 shares
Others
Total	22,91,200 shares	23,00,000 shares

Bids Received (Subscription)

Bizotic Commercial IPO subscribed 1.87x in total, whereas Sahana System IPO subscribed 9.99x.

	Bizotic Commercial IPO	Sahana System IPO
QIB (times)		9.70x
NII (times)	2.00x	7.07x
Big NII (times)
Small NII (times)
RII (times)	1.74x	12.97x
Employee (times)
Other (times)
Total (times)	1.87x	9.99x

Compare with others

Bizotic Commercial IPO	Sahana System IPO
Kaka Industries IPO	Bizotic Commercial IPO
Aatmaj Healthcare IPO	Urban Enviro Waste Management IPO
Essen Speciality Films IPO	Cosmic CRF IPO
Vilin Bio Med IPO	Sonalis Consumer Products IPO
Cell Point (India) IPO	Kore Digital IPO
Urban Enviro Waste Management IPO	CFF Fluid Control IPO
Cosmic CRF IPO	Comrade Appliances IPO
Sonalis Consumer Products IPO	Infollion Research Services IPO
Kore Digital IPO	Proventus Agrocom IPO
Sahana System IPO	Hemant Surgical Industries IPO

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