Ishan International IPO vs Sabar Flex India IPO

Comparision between Ishan International IPO and Sabar Flex India IPO.

IPO Details

Ishan International IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sabar Flex India IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ishan International IPO	Sabar Flex India IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	GYR Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker
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 Ishan International IPO is up to ₹18.24 Cr whereas the issue size of the Sabar Flex India IPO is up to ₹4.48 Cr. The final issue price of Ishan International IPO is ₹80.00 per share and of Sabar Flex India IPO is ₹11.00 per share.

	Ishan International IPO	Sabar Flex India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	10000 shares
Fresh Issue Size	22,80,000 shares	40,70,000 shares
Fresh Issue Size (Amount)	up to ₹18.24 Cr	up to ₹4.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,80,000 shares	40,70,000 shares
Issue Size Total (Amount)	up to ₹18.24 Cr	up to ₹4.48 Cr

IPO Timetable

Ishan International IPO opens on Sep 09, 2022, while Sabar Flex India IPO opens on Sep 08, 2022. The closing date of Ishan International IPO and Sabar Flex India IPO is Sep 14, 2022, and Sep 13, 2022, respectively.

	Ishan International IPO	Sabar Flex India IPO
Anchor Bid Date
Issue Open	Sep 09, 2022	Sep 08, 2022
Issue Close	Sep 14, 2022	Sep 13, 2022
Basis Of Allotment (Tentative)	Sep 19, 2022	Sep 16, 2022
Initiation of Refunds (Tentative)	Sep 20, 2022	Sep 19, 2022
Credit of Share (Tentative)	Sep 21, 2022	Sep 20, 2022
Listing date (Tentative)	Sep 22, 2022	Sep 21, 2022
Anchor Lockin End date 1	Oct 19, 2022	Oct 16, 2022
Anchor Lockin End date 2	Dec 18, 2022	Dec 15, 2022

Financials

Ishan International IPO P/E ratio is 38.09, as compared to Sabar Flex India IPO P/E ratio of 9.48.

Ishan International IPO

Sabar Flex India IPO

Financial

Ishan International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	1530.53	2708.4	39.62	452.77	319.06
31-Mar-20	1704.15	2272.56	28.42	481.19	347.48
31-Mar-21	1452.52	2271.2	15.05	496.25	362.54
31-Mar-22	2168.87	2174.31	127.15	619.71	126.93
Amount in ₹ Lakhs

Sabar Flex India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	4090.92	6364.32	89.8	1258.44	158.49
31-Mar-21	5162.08	7397.88	139.84	1398.28	298.33
31-Mar-22	5187.24	7237.01	174.28	1572.56	472.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.61%

53.25%

Promoter Shareholding (Post-Issue)

65.21%

39.00%

P/E Ratio

38.09

9.48

Market Cap

₹57.66 Cr.

₹16.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ishan International IPO retail investors (RII) are offered 10,80,000 shares while in Sabar Flex India IPO retail investors are offered 10,80,000 shares. Qualified institutional buyers (QIB) are offered in Ishan International IPO and in Sabar Flex India IPO.

	Ishan International IPO	Sabar Flex India IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,20,000 shares	2,10,000 shares
QIB
NII	10,80,000 shares	19,30,000 shares
RII	10,80,000 shares	19,30,000 shares
Employee
Others
Total	21,60,000 shares	38,60,000 shares

Bids Received (Subscription)

Ishan International IPO subscribed 1.62x in total, whereas Sabar Flex India IPO subscribed 85.47x.

	Ishan International IPO	Sabar Flex India IPO
QIB (times)
NII (times)	1.60x	116.46x
Big NII (times)
Small NII (times)
RII (times)	1.65x	54.47x
Employee (times)
Other (times)
Total (times)	1.62x	85.47x

Compare with others

Ishan International IPO	Sabar Flex India IPO
Kandarp Digi Smart BPO IPO	Maks Energy IPO
Maks Energy IPO	Varanium Cloud IPO
Varanium Cloud IPO	Tapi Fruit Processing IPO
Tapi Fruit Processing IPO	Annapurna Swadisht IPO
Annapurna Swadisht IPO	Ishan International IPO
Sabar Flex India IPO	Shantidoot Infra Services IPO
Shantidoot Infra Services IPO	Mega Flex Plastics IPO
Mega Flex Plastics IPO	Viviana Power Tech IPO
Viviana Power Tech IPO	Virtuoso Optoelectronics IPO
Virtuoso Optoelectronics IPO	EP Biocomposites IPO

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