Kalana Ispat IPO vs Saj Hotels IPO

Comparision between Kalana Ispat IPO and Saj Hotels IPO.

IPO Details

Kalana Ispat 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.

	Kalana Ispat IPO	Saj Hotels 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	Jawa Capital Services Private Limited	Corpwis Advisors Private Limited
Registrar	Skyline Financial Services Private Ltd	Satellite Corporate Services Private Limited
Market Maker	Aftertrade Broking Pvt Ltd	Nnm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kalana Ispat IPO is up to ₹32.59 Cr whereas the issue size of the Saj Hotels IPO is up to ₹27.63 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of Saj Hotels IPO is ₹65.00 per share.

	Kalana Ispat IPO	Saj Hotels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹66.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	49,38,000 shares	42,50,000 shares
Fresh Issue Size (Amount)	up to ₹32.59 Cr	up to ₹27.63 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,38,000 shares	42,50,000 shares
Issue Size Total (Amount)	up to ₹32.59 Cr	up to ₹27.63 Cr

IPO Timetable

Kalana Ispat IPO opens on Sep 19, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of Kalana Ispat IPO and Saj Hotels IPO is Sep 23, 2024, and Oct 01, 2024, respectively.

	Kalana Ispat IPO	Saj Hotels IPO
Anchor Bid Date
Issue Open	Sep 19, 2024	Sep 27, 2024
Issue Close	Sep 23, 2024	Oct 01, 2024
Basis Of Allotment (Tentative)	Sep 24, 2024	Oct 03, 2024
Initiation of Refunds (Tentative)	Sep 25, 2024	Oct 04, 2024
Credit of Share (Tentative)	Sep 25, 2024	Oct 04, 2024
Listing date (Tentative)	Sep 26, 2024	Oct 07, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Kalana Ispat IPO P/E ratio is 22.59, as compared to Saj Hotels IPO P/E ratio of 21.7.

Kalana Ispat IPO

Saj Hotels IPO

Financial

Kalana Ispat Limited Financial Information (Restated Standalone)

Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,885.71	1,617.46	1,264.89	1,330.7
Revenue	7,394.46	8,335.87	5,793.32	4,298.06
Profit After Tax	236.7	50.09	13.66	13.62
Net Worth	1,081.58	441.94	391.65	376.19
Reserves and Surplus	271.46	339.7	289.61	275.95
Total Borrowing	461.38	861.79	260.57	262.93
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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,808.46	9,892.53	9,626.45	3,286.02
Revenue	1,455.49	1,282.19	1,287.90	812.14
Profit After Tax	344.68	355.76	144.25	-120.18
Net Worth	1,734.49	1,316.84	891.08	754.46
Reserves and Surplus	7,721.70	8,325.19	7,977.20	1,748.59
Total Borrowing	291.52	614.14	1,053.54	938.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.72%

84.12%

Promoter Shareholding (Post-Issue)

51.38%

61.94%

P/E Ratio

22.59

21.7

Market Cap

₹86.08 Cr.

₹104.81 Cr.

ROE

31.12%%

19.91%%

ROCE

21.20%%

26.36%%

Debt/Equity

0.43

0.17

EPS

₹2.92

₹3.00

RoNW

21.88%%

19.91%%

Shares Offered

In the Kalana Ispat IPO retail investors (RII) are offered 23,45,000 shares while in Saj Hotels IPO retail investors are offered 23,45,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalana Ispat IPO and in Saj Hotels IPO.

	Kalana Ispat IPO	Saj Hotels IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,48,000 shares	2,14,000 shares
QIB	0 shares
NII	23,45,000 shares
RII	23,45,000 shares
Employee	0 shares
Others
Total	46,90,000 shares

Bids Received (Subscription)

Kalana Ispat IPO subscribed 59.92x in total, whereas Saj Hotels IPO subscribed .

	Kalana Ispat IPO	Saj Hotels IPO
QIB (times)
NII (times)	40.69x
Big NII (times)
Small NII (times)
RII (times)	74.54x
Employee (times)
Other (times)
Total (times)	59.92x

Compare with others

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Phoenix Overseas IPO	TechEra Engineering IPO
WOL 3D IPO	Divyadhan Recycling Industries IPO
SD Retail IPO	Kalana Ispat IPO

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