Orient Technologies IPO vs Sanstar IPO

Comparision between Orient Technologies IPO and Sanstar IPO.

IPO Details

Orient Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sanstar IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Orient Technologies IPO	Sanstar IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Elara Capital (India) Private Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Orient Technologies IPO is up to ₹214.76 Cr whereas the issue size of the Sanstar IPO is up to ₹510.15 Cr. The final issue price of Orient Technologies IPO is ₹206.00 per share and of Sanstar IPO is ₹95.00 per share.

	Orient Technologies IPO	Sanstar IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹195.00 per share	₹90.00 per share
Issue Price (Upper)	₹206.00 per share	₹95.00 per share
Issue Price (Final)	₹206.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	72 shares	150 shares
Fresh Issue Size	58,25,243 shares	4,18,00,000 shares
Fresh Issue Size (Amount)	up to ₹120.00 Cr	up to ₹397.10 Cr
OFS Issue Size	46,00,000 shares	1,19,00,000 shares
OFS Issue Size (Amount)	up to ₹94.76 Cr	up to ₹113.05 Cr
Issue Size Total	1,04,25,243 shares	5,37,00,000 shares
Issue Size Total (Amount)	up to ₹214.76 Cr	up to ₹510.15 Cr

IPO Timetable

Orient Technologies IPO opens on Aug 21, 2024, while Sanstar IPO opens on Jul 19, 2024. The closing date of Orient Technologies IPO and Sanstar IPO is Aug 23, 2024, and Jul 23, 2024, respectively.

	Orient Technologies IPO	Sanstar IPO
Anchor Bid Date	Aug 19, 2024	Jul 18, 2024
Issue Open	Aug 21, 2024	Jul 19, 2024
Issue Close	Aug 23, 2024	Jul 23, 2024
Basis Of Allotment (Tentative)	Aug 26, 2024	Jul 24, 2024
Initiation of Refunds (Tentative)	Aug 27, 2024	Jul 25, 2024
Credit of Share (Tentative)	Aug 27, 2024	Jul 25, 2024
Listing date (Tentative)	Aug 28, 2024	Jul 26, 2024
Anchor Lockin End date 1	Sep 24, 2024	Aug 23, 2024
Anchor Lockin End date 2	Nov 23, 2024	Oct 22, 2024

Financials

Orient Technologies IPO P/E ratio is 17.8, as compared to Sanstar IPO P/E ratio of 19.98.

Orient Technologies IPO

Sanstar IPO

Financial

Orient Technologies Limited Financial Information (Restated)

Orient Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 8% 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	311.14	215.25	176.32	112.45
Revenue	606.86	542.01	469.12	248.96
Profit After Tax	41.45	38.3	33.49	0.13
Net Worth	175.31	128.82	94.11	61.29
Reserves and Surplus	138.79	111.32	76.61	44.79
Total Borrowing	4.82	12.86	2.28	9.22
Amount in ₹ Crore

Sanstar Limited Financial Information (Restated Consolidated)

Sanstar Limited's revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	527.57	368.35	207.45
Revenue	1,081.68	1,209.67	504.77
Profit After Tax	66.77	41.81	15.92
Net Worth	215.91	149.28	48.97
Reserves and Surplus	225.18	158.41	55.69
Total Borrowing	127.64	111.70	85.22
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.96%

99.77%

Promoter Shareholding (Post-Issue)

73.21%

70.37%

P/E Ratio

17.8

19.98

Market Cap

₹857.82 Cr.

₹1731.32 Cr.

ROE

27.26%

30.92%%

ROCE

28.42%

24.43%%

Debt/Equity

0.5

EPS

₹11.57

₹4.75

RoNW

23.64%

30.92%%

Shares Offered

In the Orient Technologies IPO retail investors (RII) are offered 36,48,835 shares while in Sanstar IPO retail investors are offered 36,48,835 shares. Qualified institutional buyers (QIB) are offered 20,85,049 shares in Orient Technologies IPO and 1,07,40,000 shares in Sanstar IPO.

	Orient Technologies IPO	Sanstar IPO
Anchor Investor Reserveration	31,27,522 shares	1,61,10,000 shares
Market Maker Reserveration
QIB	20,85,049 shares	1,07,40,000 shares
NII	15,63,786 shares	80,55,000 shares
RII	36,48,835 shares	1,87,95,000 shares
Employee	0 shares	0 shares
Others
Total	72,97,670 shares	3,75,90,000 shares

Bids Received (Subscription)

Orient Technologies IPO subscribed 154.84x in total, whereas Sanstar IPO subscribed 82.99x.

	Orient Technologies IPO	Sanstar IPO
QIB (times)	188.79x	145.68x
NII (times)	310.03x	136.49x
Big NII (times)	343.45x	149.44x
Small NII (times)	243.20x	110.61x
RII (times)	68.93x	24.23x
Employee (times)
Other (times)
Total (times)	154.84x	82.99x

Compare with others

Orient Technologies IPO	Sanstar IPO
Baazar Style Retail IPO	Orient Technologies IPO
Bajaj Housing Finance IPO	Unicommerce eSolutions IPO
ECO Mobility IPO	Brainbees Solutions (Firstcry) IPO
Premier Energies IPO	Ceigall India IPO
Interarch Building Products IPO	Akums Drugs and Pharmaceuticals IPO
Unicommerce eSolutions IPO	Bansal Wire IPO
Brainbees Solutions (Firstcry) IPO	Emcure Pharma IPO
Ceigall India IPO	OLA Electric IPO
Akums Drugs and Pharmaceuticals IPO	Vraj Iron and Steel IPO
Sanstar IPO	Aasaan Loans IPO

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