Newjaisa Technologies IPO vs Organic Recycling Systems IPO

Comparision between Newjaisa Technologies IPO and Organic Recycling Systems IPO.

IPO Details

Newjaisa Technologies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Newjaisa Technologies IPO	Organic Recycling Systems IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Indorient Financial Services Ltd	Arihant Capital Markets Ltd
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Nikunj Stock Brokers Limited	Arihant Capital Markets Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Organic Recycling Systems IPO is up to ₹50.00 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

	Newjaisa Technologies IPO	Organic Recycling Systems IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹44.00 per share
Issue Price (Upper)	₹47.00 per share
Issue Price (Final)	₹47.00 per share	₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	600 shares
Fresh Issue Size	84,96,000 shares	25,00,200 shares
Fresh Issue Size (Amount)	up to ₹39.93 Cr	up to ₹50.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	84,96,000 shares	25,00,200 shares
Issue Size Total (Amount)	up to ₹39.93 Cr	up to ₹50.00 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Newjaisa Technologies IPO and Organic Recycling Systems IPO is Sep 27, 2023, and Sep 26, 2023, respectively.

	Newjaisa Technologies IPO	Organic Recycling Systems IPO
Anchor Bid Date	Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 21, 2023
Issue Close	Sep 27, 2023	Sep 26, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Sep 29, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 03, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 04, 2023
Listing date (Tentative)	Oct 05, 2023	Oct 06, 2023
Anchor Lockin End date 1	Nov 03, 2023	Oct 29, 2023
Anchor Lockin End date 2	Jan 02, 2024	Dec 28, 2023

Financials

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

Newjaisa Technologies IPO

Organic Recycling Systems 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

Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	10,272.69	10,669.35	11,931.10
Revenue	1,578.18	1,756.67	2,534.10
Profit After Tax	-449.37	-535.03	365.38
Net Worth	1,343.88	808.86	2,550.07
Reserves and Surplus	1,298.11	763.08	2,014.40
Total Borrowing	5,449.89	5,418.38	6,981.41

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.23%

30.14%

Promoter Shareholding (Post-Issue)

20.35%

P/E Ratio

15.51

25.54

Market Cap

₹151.26 Cr.

₹153.99 Cr.

ROE

72.63%%

21.76%%

ROCE

72.63%%

13.06%%

Debt/Equity

2.7

EPS

₹3.03

₹7.83

RoNW

72.63%%

14.33%%

Shares Offered

In the Newjaisa Technologies IPO retail investors (RII) are offered 28,26,000 shares while in Organic Recycling Systems IPO retail investors are offered 28,26,000 shares. Qualified institutional buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and 0 shares in Organic Recycling Systems IPO.

	Newjaisa Technologies IPO	Organic Recycling Systems IPO
Anchor Investor Reserveration	24,18,000 shares
Market Maker Reserveration	4,26,000 shares	1,30,200 shares
QIB	16,14,000 shares	0 shares
NII	12,12,000 shares	11,85,000 shares
RII	28,26,000 shares	11,85,000 shares
Employee	0 shares	0 shares
Others
Total	56,52,000 shares	23,70,000 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 6.85x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

	Newjaisa Technologies IPO	Organic Recycling Systems IPO
QIB (times)	1.02x
NII (times)	15.34x	4.28x
Big NII (times)
Small NII (times)
RII (times)	6.54x	2.21x
Employee (times)
Other (times)
Total (times)	6.85x	3.24x

Compare with others

Newjaisa Technologies IPO	Organic Recycling Systems IPO
Kontor Space IPO	Arabian Petroleum IPO
Vishnusurya Projects and Infra IPO	Newjaisa Technologies IPO
E Factor Experiences IPO	Inspire Films IPO
Rajgor Castor Derivatives IPO	Goyal Salt IPO
Arabian Petroleum IPO	Saakshi Medtech and Panels IPO
Inspire Films IPO	Sunita Tools IPO
Goyal Salt IPO	Marco Cables & Conductors IPO
Saakshi Medtech and Panels IPO	Mangalam Alloys IPO
Organic Recycling Systems IPO	Master Components IPO
Sunita Tools IPO	Techknowgreen Solutions IPO

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