Owais Metal and Mineral Processing IPO vs Sona Machinery IPO

Comparision between Owais Metal and Mineral Processing IPO and Sona Machinery IPO.

IPO Details

Owais Metal and Mineral Processing IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sona Machinery IPO is a SME Book Built Issue proposed to list at NSE SME.

	Owais Metal and Mineral Processing IPO	Sona Machinery 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	Gretex Corporate Services Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Gretex Share Broking Private 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 Owais Metal and Mineral Processing IPO is up to ₹42.69 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of Owais Metal and Mineral Processing IPO is ₹87.00 per share and of Sona Machinery IPO is ₹143.00 per share.

	Owais Metal and Mineral Processing IPO	Sona Machinery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹83.00 per share	₹136.00 per share
Issue Price (Upper)	₹87.00 per share	₹143.00 per share
Issue Price (Final)	₹87.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	49,07,200 shares	36,24,000 shares
Fresh Issue Size (Amount)	up to ₹42.69 Cr	up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,07,200 shares	36,24,000 shares
Issue Size Total (Amount)	up to ₹42.69 Cr	up to ₹51.82 Cr

IPO Timetable

Owais Metal and Mineral Processing IPO opens on Feb 26, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Owais Metal and Mineral Processing IPO and Sona Machinery IPO is Feb 28, 2024, and Mar 07, 2024, respectively.

	Owais Metal and Mineral Processing IPO	Sona Machinery IPO
Anchor Bid Date	Feb 23, 2024	Mar 04, 2024
Issue Open	Feb 26, 2024	Mar 05, 2024
Issue Close	Feb 28, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Feb 29, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Mar 01, 2024	Mar 12, 2024
Credit of Share (Tentative)	Mar 01, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 04, 2024	Mar 13, 2024
Anchor Lockin End date 1	Mar 30, 2024	Apr 10, 2024
Anchor Lockin End date 2	May 29, 2024	Jun 09, 2024

Financials

Owais Metal and Mineral Processing IPO P/E ratio is 21.35, as compared to Sona Machinery IPO P/E ratio of 18.8.

Owais Metal and Mineral Processing IPO

Sona Machinery IPO

Financial

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended	31 Dec 2023	31 Mar 2023
Assets	5,164.23	379.62
Revenue	3,977.54
Profit After Tax	765.47	-12.72
Net Worth	2,122.77	57.28
Reserves and Surplus	795.25	44.28
Total Borrowing	1,350.59	321.29
Amount in ₹ Lakhs

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,211.30	2,858.19	1,516.58	732.21
Revenue	6,288.11	8,118.06	4,453.07	606.33
Profit After Tax	647.82	768.36	326.47	27.81
Net Worth	1,780.16	1,132.34	363.98	37.51
Reserves and Surplus	770.16	1,122.34	353.98	27.51
Total Borrowing	112.94	252.60	236.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.01%

73.59%

P/E Ratio

21.35

18.8

Market Cap

₹158.19 Cr.

₹196.25 Cr.

ROE

-5.35%%

44.49%%

ROCE

46.61%%

Debt/Equity

5.61

0.06

EPS

₹4.08

₹7.61

RoNW

-22.22%%

36.39%%

Shares Offered

In the Owais Metal and Mineral Processing IPO retail investors (RII) are offered 15,98,400 shares while in Sona Machinery IPO retail investors are offered 15,98,400 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Owais Metal and Mineral Processing IPO and 6,88,000 shares in Sona Machinery IPO.

	Owais Metal and Mineral Processing IPO	Sona Machinery IPO
Anchor Investor Reserveration	13,68,000 shares	10,32,000 shares
Market Maker Reserveration	3,44,000 shares	1,82,000 shares
QIB	9,12,000 shares	6,88,000 shares
NII	6,84,800 shares	5,17,000 shares
RII	15,98,400 shares	12,05,000 shares
Employee	0 shares	0 shares
Others
Total	31,95,200 shares	24,10,000 shares

Bids Received (Subscription)

Owais Metal and Mineral Processing IPO subscribed 221.18x in total, whereas Sona Machinery IPO subscribed 273.50x.

	Owais Metal and Mineral Processing IPO	Sona Machinery IPO
QIB (times)	92.06x	129.72x
NII (times)	329.36x	554.42x
Big NII (times)
Small NII (times)
RII (times)	248.50x	235.06x
Employee (times)
Other (times)
Total (times)	221.18x	273.50x

Compare with others

Owais Metal and Mineral Processing IPO	Sona Machinery IPO
Shree Karni Fabcom IPO	Signoria Creation IPO
V R Infraspace IPO	Pratham EPC Projects IPO
Sona Machinery IPO	Koura Fine Diamond Jewelry IPO
Pune E-Stock Broking IPO	Shree Karni Fabcom IPO
M.V.K. Agro Food IPO	V R Infraspace IPO
Purv Flexipack IPO	Pune E-Stock Broking IPO
Sadhav Shipping IPO	M.V.K. Agro Food IPO
Deem Roll Tech IPO	Owais Metal and Mineral Processing IPO
Zenith Drugs IPO	Purv Flexipack IPO
Esconet Technologies IPO	Sadhav Shipping IPO

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