Indifra IPO vs Sahara Maritime IPO

Comparision between Indifra IPO and Sahara Maritime IPO.

IPO Details

Indifra 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.

	Indifra 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	Beeline Capital Advisors Pvt Ltd	Swaraj shares and securities private limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities 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 Indifra IPO is up to ₹14.04 Cr whereas the issue size of the Sahara Maritime IPO is up to ₹6.88 Cr. The final issue price of Indifra IPO is ₹65.00 per share and of Sahara Maritime IPO is ₹81.00 per share.

	Indifra IPO	Sahara Maritime IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹65.00 per share	₹81.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	21,60,000 shares	8,49,600 shares
Fresh Issue Size (Amount)	up to ₹14.04 Cr	up to ₹6.88 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,60,000 shares	8,49,600 shares
Issue Size Total (Amount)	up to ₹14.04 Cr	up to ₹6.88 Cr

IPO Timetable

Indifra IPO opens on Dec 21, 2023, while Sahara Maritime IPO opens on Dec 18, 2023. The closing date of Indifra IPO and Sahara Maritime IPO is Dec 26, 2023, and Dec 20, 2023, respectively.

	Indifra IPO	Sahara Maritime IPO
Anchor Bid Date
Issue Open	Dec 21, 2023	Dec 18, 2023
Issue Close	Dec 26, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 27, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 28, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 28, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 29, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 26, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 26, 2024	Mar 20, 2024

Financials

Indifra IPO P/E ratio is 11.23, as compared to Sahara Maritime IPO P/E ratio of 15.03.

Indifra IPO

Sahara Maritime IPO

Financial

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	630.24	312.46	420.10	229.63
Revenue	64.28	1,001.69	1,092.41	306.54
Profit After Tax	3.54	99.08	39.94	10.51
Net Worth	533.25	169.70	70.62	30.68
Reserves and Surplus	20.25	168.70	69.62	29.68
Total Borrowing		38.26	50.61	45.05
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)

96%

100.00%

Promoter Shareholding (Post-Issue)

67.55%

72.32%

P/E Ratio

11.23

15.03

Market Cap

₹47.39 Cr.

₹24.87 Cr.

ROE

82.45%%

26.72%%

ROCE

86.21%%

32.77%%

Debt/Equity

0.33

EPS

₹5.79

₹5.44

RoNW

82.45%%

22.76%%

Shares Offered

In the Indifra IPO retail investors (RII) are offered 10,26,000 shares while in Sahara Maritime IPO retail investors are offered 10,26,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Indifra IPO and 0 shares in Sahara Maritime IPO.

	Indifra IPO	Sahara Maritime IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,08,000 shares	43,200 shares
QIB	0 shares	0 shares
NII	10,26,000 shares	4,03,200 shares
RII	10,26,000 shares	4,03,200 shares
Employee	0 shares	0 shares
Others
Total	20,52,000 shares	8,06,400 shares

Bids Received (Subscription)

Indifra IPO subscribed 7.21x in total, whereas Sahara Maritime IPO subscribed 22.67x.

	Indifra IPO	Sahara Maritime IPO
QIB (times)
NII (times)	2.34x	8.98x
Big NII (times)
Small NII (times)
RII (times)	12.07x	36.35x
Employee (times)
Other (times)
Total (times)	7.21x	22.67x

Compare with others

Indifra IPO	Sahara Maritime IPO
HRH Next Services IPO	Balaji Valve Components IPO
MCPL IPO	AIK Pipes And Polymers IPO
Kay Cee Energy & Infra IPO	Indifra IPO
Balaji Valve Components IPO	Sameera Agro IPO
AIK Pipes And Polymers IPO	Supreme Power Equipment IPO
Sameera Agro IPO	Electro Force India IPO
Supreme Power Equipment IPO	Trident Techlabs IPO
Sahara Maritime IPO	Shree OSFM E-Mobility IPO
Electro Force India IPO	Siyaram Recycling IPO
Trident Techlabs IPO	Presstonic Engineering IPO

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