Paramount Speciality Forgings IPO vs Sodhani Academy of Fintech Enablers IPO

Comparision between Paramount Speciality Forgings IPO and Sodhani Academy of Fintech Enablers IPO.

IPO Details

Paramount Speciality Forgings IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sodhani Academy of Fintech Enablers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Paramount Speciality Forgings IPO	Sodhani Academy of Fintech Enablers 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	Swaraj shares and securities private limited	Srujan Alpha Capital Advisors Llp
Registrar	Purva Sharegistry India Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Shreni Shares Limited	Prabhat Financial Services Ltd.
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 Paramount Speciality Forgings IPO is up to ₹32.34 Cr whereas the issue size of the Sodhani Academy of Fintech Enablers IPO is up to ₹6.12 Cr. The final issue price of Paramount Speciality Forgings IPO is ₹59.00 per share and of Sodhani Academy of Fintech Enablers IPO is ₹40.00 per share.

	Paramount Speciality Forgings IPO	Sodhani Academy of Fintech Enablers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹57.00 per share
Issue Price (Upper)	₹59.00 per share
Issue Price (Final)	₹59.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	48,02,000 shares	9,70,000 shares
Fresh Issue Size (Amount)	up to ₹28.33 Cr	up to ₹3.88 Cr
OFS Issue Size	6,80,000 shares	5,60,000 shares
OFS Issue Size (Amount)	up to ₹4.01 Cr	up to ₹2.24 Cr
Issue Size Total	54,82,000 shares	15,30,000 shares
Issue Size Total (Amount)	up to ₹32.34 Cr	up to ₹6.12 Cr

IPO Timetable

Paramount Speciality Forgings IPO opens on Sep 17, 2024, while Sodhani Academy of Fintech Enablers IPO opens on Sep 12, 2024. The closing date of Paramount Speciality Forgings IPO and Sodhani Academy of Fintech Enablers IPO is Sep 20, 2024, and Sep 17, 2024, respectively.

	Paramount Speciality Forgings IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Bid Date	Sep 16, 2024
Issue Open	Sep 17, 2024	Sep 12, 2024
Issue Close	Sep 20, 2024	Sep 17, 2024
Basis Of Allotment (Tentative)	Sep 23, 2024	Sep 18, 2024
Initiation of Refunds (Tentative)	Sep 24, 2024	Sep 19, 2024
Credit of Share (Tentative)	Sep 24, 2024	Sep 19, 2024
Listing date (Tentative)	Sep 25, 2024	Sep 20, 2024
Anchor Lockin End date 1	Oct 22, 2024
Anchor Lockin End date 2	Dec 21, 2024

Financials

Paramount Speciality Forgings IPO P/E ratio is 12.1, as compared to Sodhani Academy of Fintech Enablers IPO P/E ratio of 10.32.

Paramount Speciality Forgings IPO

Sodhani Academy of Fintech Enablers IPO

Financial

Paramount Speciality Forgings Limited Financial Information (Restated)

Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% 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	8,179.18	7,223.87	5,450.48
Revenue	11,363.62	11,224.1	9,243.16
Profit After Tax	725.36	275.84	313.44
Net Worth	2,291.49	1,566.14	1,970.49
Reserves and Surplus	803.49	1,565.14	1,969.49
Total Borrowing	2,492.82	2,027.65	1,176.93
Amount in ₹ Lakhs

Sodhani Academy of Fintech Enablers Limited Financial Information (Restated)

Sodhani Academy of Fintech Enablers Limited's revenue increased by 51% and profit after tax (PAT) rose by 32% 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	660.04	501.57	363.2
Revenue	306.95	203.45	188.19
Profit After Tax	183.17	138.6	123.91
Net Worth	656.22	476.85	338.25
Reserves and Surplus	183.72	341.85	311.25
Total Borrowing		2.65	4.1
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

72.15%

73.12%

P/E Ratio

12.1

10.32

Market Cap

₹116.12 Cr.

₹22.78 Cr.

ROE

32%%

27.91%%

ROCE

40%%

36.77%%

Debt/Equity

1.09

EPS

₹4.87

₹3.88

RoNW

31.65%%

27.91%%

Shares Offered

In the Paramount Speciality Forgings IPO retail investors (RII) are offered 18,24,000 shares while in Sodhani Academy of Fintech Enablers IPO retail investors are offered 18,24,000 shares. Qualified institutional buyers (QIB) are offered 10,40,000 shares in Paramount Speciality Forgings IPO and 0 shares in Sodhani Academy of Fintech Enablers IPO.

	Paramount Speciality Forgings IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Investor Reserveration	15,60,000 shares
Market Maker Reserveration	2,76,000 shares	78,000 shares
QIB	10,40,000 shares	0 shares
NII	7,82,000 shares	7,26,000 shares
RII	18,24,000 shares	7,26,000 shares
Employee	0 shares	0 shares
Others
Total	36,46,000 shares	14,52,000 shares

Bids Received (Subscription)

Paramount Speciality Forgings IPO subscribed 73.88x in total, whereas Sodhani Academy of Fintech Enablers IPO subscribed 438.72x.

	Paramount Speciality Forgings IPO	Sodhani Academy of Fintech Enablers IPO
QIB (times)	20.88x
NII (times)	220.24x	511.34x
Big NII (times)
Small NII (times)
RII (times)	41.35x	358.47x
Employee (times)
Other (times)
Total (times)	73.88x	438.72x

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WOL 3D IPO	BikeWo GreenTech IPO
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BikeWo GreenTech IPO	Osel Devices IPO
Pelatro IPO	Paramount Speciality Forgings IPO
Osel Devices IPO	Popular Foundations IPO
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Sodhani Academy of Fintech Enablers IPO	Envirotech Systems IPO
Deccan Transcon Leasing IPO	Trafiksol ITS Technologies IPO
Envirotech Systems IPO	Gajanand International IPO
Trafiksol ITS Technologies IPO	Innomet Advanced Materials IPO

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