Divyadhan Recycling Industries IPO vs Saj Hotels IPO

Comparision between Divyadhan Recycling Industries IPO and Saj Hotels IPO.

IPO Details

Divyadhan Recycling Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Saj Hotels IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Divyadhan Recycling Industries IPO	Saj Hotels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Corpwis Advisors Private Limited
Registrar	Skyline Financial Services Private Ltd	Satellite Corporate Services Private Limited
Market Maker	Kantilal Chhaganlal Securities Private Limited	Nnm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Divyadhan Recycling Industries IPO is up to ₹24.17 Cr whereas the issue size of the Saj Hotels IPO is up to ₹27.63 Cr. The final issue price of Divyadhan Recycling Industries IPO is ₹64.00 per share and of Saj Hotels IPO is ₹65.00 per share.

	Divyadhan Recycling Industries IPO	Saj Hotels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share
Issue Price (Upper)	₹64.00 per share
Issue Price (Final)	₹64.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	37,76,000 shares	42,50,000 shares
Fresh Issue Size (Amount)	up to ₹24.17 Cr	up to ₹27.63 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,76,000 shares	42,50,000 shares
Issue Size Total (Amount)	up to ₹24.17 Cr	up to ₹27.63 Cr

IPO Timetable

Divyadhan Recycling Industries IPO opens on Sep 26, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of Divyadhan Recycling Industries IPO and Saj Hotels IPO is Sep 30, 2024, and Oct 01, 2024, respectively.

	Divyadhan Recycling Industries IPO	Saj Hotels IPO
Anchor Bid Date	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 27, 2024
Issue Close	Sep 30, 2024	Oct 01, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Oct 03, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 04, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 04, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 07, 2024
Anchor Lockin End date 1	Oct 31, 2024
Anchor Lockin End date 2	Dec 30, 2024

Financials

Divyadhan Recycling Industries IPO P/E ratio is 28.34, as compared to Saj Hotels IPO P/E ratio of 21.7.

Divyadhan Recycling Industries IPO

Saj Hotels IPO

Financial

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% 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	2,412.11	1,938.64	1,767.74
Revenue	5,912.88	5,815.51	5,981.52
Profit After Tax	237.8	216.18	52.91
Net Worth	1,291.03	853.23	637.05
Reserves and Surplus	764.49	353.23	137.05
Total Borrowing	606.64	545.55	799.76
Amount in ₹ Lakhs

Saj Hotels Limited Financial Information (Restated Consolidated)

Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% 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	9,808.46	9,892.53	9,626.45	3,286.02
Revenue	1,455.49	1,282.19	1,287.90	812.14
Profit After Tax	344.68	355.76	144.25	-120.18
Net Worth	1,734.49	1,316.84	891.08	754.46
Reserves and Surplus	7,721.70	8,325.19	7,977.20	1,748.59
Total Borrowing	291.52	614.14	1,053.54	938.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.06%

84.12%

Promoter Shareholding (Post-Issue)

69.24%

61.94%

P/E Ratio

28.34

21.7

Market Cap

₹91.56 Cr.

₹104.81 Cr.

ROE

18.42%%

19.91%%

ROCE

20.76%%

26.36%%

Debt/Equity

0.47

0.17

EPS

₹2.26

₹3.00

RoNW

18.42%%

19.91%%

Shares Offered

In the Divyadhan Recycling Industries IPO retail investors (RII) are offered 12,52,000 shares while in Saj Hotels IPO retail investors are offered 12,52,000 shares. Qualified institutional buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling Industries IPO and in Saj Hotels IPO.

	Divyadhan Recycling Industries IPO	Saj Hotels IPO
Anchor Investor Reserveration	10,70,000 shares
Market Maker Reserveration	2,00,000 shares	2,14,000 shares
QIB	7,16,000 shares
NII	5,38,000 shares
RII	12,52,000 shares
Employee	0 shares
Others
Total	25,06,000 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 2.38x in total, whereas Saj Hotels IPO subscribed .

	Divyadhan Recycling Industries IPO	Saj Hotels IPO
QIB (times)	1.86x
NII (times)	0.64x
Big NII (times)
Small NII (times)
RII (times)	3.42x
Employee (times)
Other (times)
Total (times)	2.38x

Compare with others

Divyadhan Recycling Industries IPO	Saj Hotels IPO
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Avi Ansh Textile IPO	Unilex Colours and Chemicals IPO
Rappid Valves (India) IPO	TechEra Engineering IPO
Phoenix Overseas IPO	Divyadhan Recycling Industries IPO
WOL 3D IPO	Kalana Ispat IPO

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