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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 Divyadhan Recycling Industries IPO Logo 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 IPO Allotment URL 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 Nov 03, 2024
Anchor Lockin End date 2 Jan 03, 2025

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,412.111,938.641,767.74
Revenue5,912.885,815.515,981.52
Profit After Tax237.8216.1852.91
Net Worth1,291.03853.23637.05
Reserves and Surplus764.49353.23137.05
Total Borrowing606.64545.55799.76
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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets9,808.469,892.539,626.453,286.02
Revenue1,455.491,282.191,287.90812.14
Profit After Tax344.68355.76144.25-120.18
Net Worth1,734.491,316.84891.08754.46
Reserves and Surplus7,721.708,325.197,977.201,748.59
Total Borrowing291.52614.141,053.54938.51
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 0 shares 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 0 shares
NII 5,38,000 shares 20,18,000 shares
RII 12,52,000 shares 20,18,000 shares
Employee 0 shares 0 shares
Others
Total 25,06,000 shares 40,36,001 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 40.93x in total, whereas Saj Hotels IPO subscribed 5.46x.

  Divyadhan Recycling Industries IPO Saj Hotels IPO
QIB (times) 29.39x
NII (times) 76.03x 2.12x
Big NII (times)
Small NII (times)
RII (times) 32.43x 8.65x
Employee (times)
Other (times)
Total (times) 40.93x 5.46x

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