Electro Force India IPO vs Sahara Maritime IPO

Comparision between Electro Force India IPO and Sahara Maritime IPO.

IPO Details

Electro Force India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sahara Maritime IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Electro Force India IPO	Sahara Maritime IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Swaraj shares and securities private limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Arham Shares Private Limited	Shreni Shares 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 Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the Sahara Maritime IPO is up to ₹6.88 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of Sahara Maritime IPO is ₹81.00 per share.

	Electro Force India IPO	Sahara Maritime IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹93.00 per share	₹81.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	60,00,000 shares	8,49,600 shares
Fresh Issue Size (Amount)	up to ₹55.80 Cr	up to ₹6.88 Cr
OFS Issue Size	26,74,800 shares
OFS Issue Size (Amount)	up to ₹24.88 Cr
Issue Size Total	86,74,800 shares	8,49,600 shares
Issue Size Total (Amount)	up to ₹80.68 Cr	up to ₹6.88 Cr

IPO Timetable

Electro Force India IPO opens on Dec 19, 2023, while Sahara Maritime IPO opens on Dec 18, 2023. The closing date of Electro Force India IPO and Sahara Maritime IPO is Dec 21, 2023, and Dec 20, 2023, respectively.

	Electro Force India IPO	Sahara Maritime IPO
Anchor Bid Date
Issue Open	Dec 19, 2023	Dec 18, 2023
Issue Close	Dec 21, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 22, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 26, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 26, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 27, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 21, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 21, 2024	Mar 20, 2024

Financials

Electro Force India IPO P/E ratio is 20.22, as compared to Sahara Maritime IPO P/E ratio of 15.03.

Electro Force India IPO

Sahara Maritime IPO

Financial

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,827.00	7,231.51	4,783.37	1,719.96
Revenue	2,314.19	3,028.81	3,443.55	1,587.13
Profit After Tax	711.08	799.60	864.26	-223.69
Net Worth	2,546.41	1,835.33	1,035.73	171.47
Reserves and Surplus	806.41	95.33	535.73	-328.53
Total Borrowing
Amount in ₹ Lakhs

Sahara Maritime Limited Financial Information (Restated)

Sahara Maritime Limited's revenue increased by 24.07% and profit after tax (PAT) rose by 130.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	880.95	964.52	733.57	535.74
Revenue	531.99	2,611.12	2,104.52	1,021.64
Profit After Tax	1.04	120.74	52.35	64.78
Net Worth	531.58	530.54	365.69	313.34
Reserves and Surplus	309.47	308.43	364.69	312.34
Total Borrowing	163.81	173.26	11.97	38.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

62.93%

72.32%

P/E Ratio

20.22

15.03

Market Cap

₹217.62 Cr.

₹24.87 Cr.

ROE

43.57%%

26.72%%

ROCE

58.23%%

32.77%%

Debt/Equity

0.33

EPS

₹4.60

₹5.44

RoNW

43.57%%

22.76%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in Sahara Maritime IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 0 shares in Sahara Maritime IPO.

	Electro Force India IPO	Sahara Maritime IPO
Anchor Investor Reserveration
Market Maker Reserveration	4,35,600 shares	43,200 shares
QIB	0 shares	0 shares
NII	41,19,600 shares	4,03,200 shares
RII	41,19,600 shares	4,03,200 shares
Employee	0 shares	0 shares
Others
Total	82,39,200 shares	8,06,400 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas Sahara Maritime IPO subscribed 22.67x.

	Electro Force India IPO	Sahara Maritime IPO
QIB (times)
NII (times)	2.12x	8.98x
Big NII (times)
Small NII (times)
RII (times)	6.44x	36.35x
Employee (times)
Other (times)
Total (times)	4.28x	22.67x

Compare with others

Electro Force India IPO	Sahara Maritime IPO
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Indifra IPO	AIK Pipes And Polymers IPO
Sameera Agro IPO	Indifra IPO
Supreme Power Equipment IPO	Sameera Agro IPO
Sahara Maritime IPO	Supreme Power Equipment IPO
Trident Techlabs IPO	Electro Force India IPO
Shree OSFM E-Mobility IPO	Trident Techlabs IPO
Siyaram Recycling IPO	Shree OSFM E-Mobility IPO
Presstonic Engineering IPO	Siyaram Recycling IPO
S J Logistics IPO	Presstonic Engineering IPO

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