Ishan International IPO vs Shantidoot Infra Services IPO

Comparision between Ishan International IPO and Shantidoot Infra Services IPO.

IPO Details

Ishan International IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shantidoot Infra Services IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Ishan International IPO	Shantidoot Infra Services 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	Gretex Corporate Services 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 Shantidoot Infra Services IPO is up to ₹4.02 Cr. The final issue price of Ishan International IPO is ₹80.00 per share and of Shantidoot Infra Services IPO is ₹81.00 per share.

	Ishan International IPO	Shantidoot Infra Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹81.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	22,80,000 shares	2,48,000 shares
Fresh Issue Size (Amount)	up to ₹18.24 Cr	up to ₹2.01 Cr
OFS Issue Size		2,48,000 shares
OFS Issue Size (Amount)		up to ₹2.01 Cr
Issue Size Total	22,80,000 shares	4,96,000 shares
Issue Size Total (Amount)	up to ₹18.24 Cr	up to ₹4.02 Cr

IPO Timetable

Ishan International IPO opens on Sep 09, 2022, while Shantidoot Infra Services IPO opens on Sep 06, 2022. The closing date of Ishan International IPO and Shantidoot Infra Services IPO is Sep 14, 2022, and Sep 09, 2022, respectively.

	Ishan International IPO	Shantidoot Infra Services IPO
Anchor Bid Date
Issue Open	Sep 09, 2022	Sep 06, 2022
Issue Close	Sep 14, 2022	Sep 09, 2022
Basis Of Allotment (Tentative)	Sep 19, 2022	Sep 14, 2022
Initiation of Refunds (Tentative)	Sep 20, 2022	Sep 15, 2022
Credit of Share (Tentative)	Sep 21, 2022	Sep 16, 2022
Listing date (Tentative)	Sep 22, 2022	Sep 19, 2022
Anchor Lockin End date 1	Oct 19, 2022	Oct 14, 2022
Anchor Lockin End date 2	Dec 18, 2022	Dec 13, 2022

Financials

Ishan International IPO P/E ratio is 38.09, as compared to Shantidoot Infra Services IPO P/E ratio of 10.37.

Ishan International IPO

Shantidoot Infra Services 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

Shantidoot Infra Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	66.08	219.33	2.81	7.81	2.81
31-Mar-21	186	415.81	8.53	16.34	11.34
31-Mar-22	352.65	762.13	140.39	156.73	151.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.61%

99.60%

Promoter Shareholding (Post-Issue)

65.21%

72.07%

P/E Ratio

38.09

10.37

Market Cap

₹57.66 Cr.

₹14.56 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 Shantidoot Infra Services IPO retail investors are offered 10,80,000 shares. Qualified institutional buyers (QIB) are offered in Ishan International IPO and in Shantidoot Infra Services IPO.

	Ishan International IPO	Shantidoot Infra Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,20,000 shares	25,600 shares
QIB
NII	10,80,000 shares	2,35,200 shares
RII	10,80,000 shares	2,35,200 shares
Employee
Others
Total	21,60,000 shares	4,70,400 shares

Bids Received (Subscription)

Ishan International IPO subscribed 1.62x in total, whereas Shantidoot Infra Services IPO subscribed 2.85x.

	Ishan International IPO	Shantidoot Infra Services IPO
QIB (times)
NII (times)	1.60x	2.36x
Big NII (times)
Small NII (times)
RII (times)	1.65x	3.33x
Employee (times)
Other (times)
Total (times)	1.62x	2.85x

Compare with others

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

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