Brainbees Solutions (Firstcry) IPO vs Sanstar IPO

Comparision between Brainbees Solutions (Firstcry) IPO and Sanstar IPO.

IPO Details

Brainbees Solutions (Firstcry) IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sanstar IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Brainbees Solutions (Firstcry) IPO	Sanstar IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Bofa Securities India Limited Jm Financial Limited Avendus Capital Pvt Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Brainbees Solutions (Firstcry) IPO is up to ₹4,193.73 Cr whereas the issue size of the Sanstar IPO is up to ₹510.15 Cr. The final issue price of Brainbees Solutions (Firstcry) IPO is ₹465.00 per share and of Sanstar IPO is ₹95.00 per share.

	Brainbees Solutions (Firstcry) IPO	Sanstar IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹440.00 per share	₹90.00 per share
Issue Price (Upper)	₹465.00 per share	₹95.00 per share
Issue Price (Final)	₹465.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)	₹44.00 per share
Market Lot Size	32 shares	150 shares
Fresh Issue Size	3,58,27,957 shares	4,18,00,000 shares
Fresh Issue Size (Amount)	up to ₹1,666.00 Cr	up to ₹397.10 Cr
OFS Issue Size	5,43,59,733 shares	1,19,00,000 shares
OFS Issue Size (Amount)	up to ₹2,527.73 Cr	up to ₹113.05 Cr
Issue Size Total	9,01,87,690 shares	5,37,00,000 shares
Issue Size Total (Amount)	up to ₹4,193.73 Cr	up to ₹510.15 Cr

IPO Timetable

Brainbees Solutions (Firstcry) IPO opens on Aug 06, 2024, while Sanstar IPO opens on Jul 19, 2024. The closing date of Brainbees Solutions (Firstcry) IPO and Sanstar IPO is Aug 08, 2024, and Jul 23, 2024, respectively.

	Brainbees Solutions (Firstcry) IPO	Sanstar IPO
Anchor Bid Date	Aug 05, 2024	Jul 18, 2024
Issue Open	Aug 06, 2024	Jul 19, 2024
Issue Close	Aug 08, 2024	Jul 23, 2024
Basis Of Allotment (Tentative)	Aug 09, 2024	Jul 24, 2024
Initiation of Refunds (Tentative)	Aug 12, 2024	Jul 25, 2024
Credit of Share (Tentative)	Aug 12, 2024	Jul 25, 2024
Listing date (Tentative)	Aug 13, 2024	Jul 26, 2024
Anchor Lockin End date 1	Sep 08, 2024	Aug 23, 2024
Anchor Lockin End date 2	Nov 07, 2024	Oct 22, 2024

Financials

Brainbees Solutions (Firstcry) IPO P/E ratio is -69.91, as compared to Sanstar IPO P/E ratio of 19.98.

Brainbees Solutions (Firstcry) IPO

Sanstar IPO

Financial

Brainbees Solutions Limited Financial Information (Restated Consolidated)

Brainbees Solutions Limited's revenue increased by 14.72% and profit after tax (PAT) rose by 33.85% 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	7,510.38	7,119.83	6,197.16
Revenue	6,575.08	5,731.28	2,516.92
Profit After Tax	-321.51	-486.06	-78.69
Net Worth	3,170.74	3,456.26	3,527.94
Reserves and Surplus	3,081.74	3,367.21	3,439.17
Total Borrowing	462.72	176.47	90.16
Amount in ₹ Crore

Sanstar Limited Financial Information (Restated Consolidated)

Sanstar Limited's revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% 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	527.57	368.35	207.45
Revenue	1,081.68	1,209.67	504.77
Profit After Tax	66.77	41.81	15.92
Net Worth	215.91	149.28	48.97
Reserves and Surplus	225.18	158.41	55.69
Total Borrowing	127.64	111.70	85.22
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.77%

Promoter Shareholding (Post-Issue)

70.37%

P/E Ratio

-69.91

19.98

Market Cap

₹24141.75 Cr.

₹1731.32 Cr.

ROE

30.92%%

ROCE

24.43%%

Debt/Equity

0.5

EPS

₹-6.65

₹4.75

RoNW

-8.65%%

30.92%%

Shares Offered

In the Brainbees Solutions (Firstcry) IPO retail investors (RII) are offered 90,12,317 shares while in Sanstar IPO retail investors are offered 90,12,317 shares. Qualified institutional buyers (QIB) are offered 2,70,36,953 shares in Brainbees Solutions (Firstcry) IPO and 1,07,40,000 shares in Sanstar IPO.

	Brainbees Solutions (Firstcry) IPO	Sanstar IPO
Anchor Investor Reserveration	4,05,55,428 shares	1,61,10,000 shares
Market Maker Reserveration
QIB	2,70,36,953 shares	1,07,40,000 shares
NII	1,35,18,476 shares	80,55,000 shares
RII	90,12,317 shares	1,87,95,000 shares
Employee	71,258 shares	0 shares
Others
Total	4,96,39,004 shares	3,75,90,000 shares

Bids Received (Subscription)

Brainbees Solutions (Firstcry) IPO subscribed 12.22x in total, whereas Sanstar IPO subscribed 82.99x.

	Brainbees Solutions (Firstcry) IPO	Sanstar IPO
QIB (times)	19.30x	145.68x
NII (times)	4.68x	136.49x
Big NII (times)	5.32x	149.44x
Small NII (times)	3.39x	110.61x
RII (times)	2.31x	24.23x
Employee (times)	6.57x
Other (times)
Total (times)	12.22x	82.99x

Compare with others

Brainbees Solutions (Firstcry) IPO	Sanstar IPO
ECO Mobility IPO	Orient Technologies IPO
Premier Energies IPO	Unicommerce eSolutions IPO
Interarch Building Products IPO	Brainbees Solutions (Firstcry) IPO
Orient Technologies IPO	Ceigall India IPO
Unicommerce eSolutions IPO	Akums Drugs and Pharmaceuticals IPO
Ceigall India IPO	Bansal Wire IPO
Akums Drugs and Pharmaceuticals IPO	Emcure Pharma IPO
Sanstar IPO	OLA Electric IPO
Bansal Wire IPO	Vraj Iron and Steel IPO
Emcure Pharma IPO	Aasaan Loans IPO

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