Newjaisa Technologies IPO vs Saakshi Medtech and Panels IPO

Comparision between Newjaisa Technologies IPO and Saakshi Medtech and Panels IPO.

IPO Details

Newjaisa Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

	Newjaisa Technologies IPO	Saakshi Medtech and Panels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Newjaisa Technologies IPO is up to ₹39.93 Cr whereas the issue size of the Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

	Newjaisa Technologies IPO	Saakshi Medtech and Panels IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹44.00 per share	₹92.00 per share
Issue Price (Upper)	₹47.00 per share	₹97.00 per share
Issue Price (Final)	₹47.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	84,96,000 shares	46,56,000 shares
Fresh Issue Size (Amount)	up to ₹39.93 Cr	up to ₹45.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	84,96,000 shares	46,56,000 shares
Issue Size Total (Amount)	up to ₹39.93 Cr	up to ₹45.16 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Saakshi Medtech and Panels IPO opens on Sep 25, 2023. The closing date of Newjaisa Technologies IPO and Saakshi Medtech and Panels IPO is Sep 27, 2023, and Sep 27, 2023, respectively.

	Newjaisa Technologies IPO	Saakshi Medtech and Panels IPO
Anchor Bid Date	Sep 22, 2023	Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 25, 2023
Issue Close	Sep 27, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 05, 2023	Oct 03, 2023
Anchor Lockin End date 1	Nov 03, 2023	Nov 02, 2023
Anchor Lockin End date 2	Jan 02, 2024	Jan 01, 2024

Financials

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Saakshi Medtech and Panels IPO P/E ratio of 10.18.

Newjaisa Technologies IPO

Saakshi Medtech and Panels IPO

Financial

Newjaisa Technologies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	337.99	559.15	2,208.70
Revenue	960.71	2,792.50	4,453.23
Profit After Tax	73.36	180.19	675.57
Net Worth	74.36	254.55	930.12
Reserves and Surplus	73.36	218.55	894.12
Total Borrowing	162.64	181.82	743.70

Amount in ₹ Lakhs

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Revenue	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.23%

100.00%

Promoter Shareholding (Post-Issue)

73.63%

P/E Ratio

15.51

10.18

Market Cap

₹151.26 Cr.

₹171.26 Cr.

ROE

72.63%%

34.35%%

ROCE

72.63%%

28.57%%

Debt/Equity

0.48

EPS

₹3.03

₹9.53

RoNW

72.63%%

29.32%%

Shares Offered

In the Newjaisa Technologies IPO retail investors (RII) are offered 28,26,000 shares while in Saakshi Medtech and Panels IPO retail investors are offered 28,26,000 shares. Qualified institutional buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and 8,84,400 shares in Saakshi Medtech and Panels IPO.

	Newjaisa Technologies IPO	Saakshi Medtech and Panels IPO
Anchor Investor Reserveration	24,18,000 shares	13,24,800 shares
Market Maker Reserveration	4,26,000 shares	2,35,200 shares
QIB	16,14,000 shares	8,84,400 shares
NII	12,12,000 shares	6,63,600 shares
RII	28,26,000 shares	15,48,000 shares
Employee	0 shares	0 shares
Others
Total	56,52,000 shares	30,96,000 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 6.85x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

	Newjaisa Technologies IPO	Saakshi Medtech and Panels IPO
QIB (times)	1.02x	37.35x
NII (times)	15.34x	200.78x
Big NII (times)
Small NII (times)
RII (times)	6.54x	75.88x
Employee (times)
Other (times)
Total (times)	6.85x	91.65x

Compare with others

Newjaisa Technologies IPO	Saakshi Medtech and Panels IPO
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Inspire Films IPO	Organic Recycling Systems IPO
Goyal Salt IPO	Sunita Tools IPO
Saakshi Medtech and Panels IPO	Marco Cables & Conductors IPO
Organic Recycling Systems IPO	Mangalam Alloys IPO
Sunita Tools IPO	Master Components IPO

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