Pratham EPC Projects IPO vs Sona Machinery IPO

Comparision between Pratham EPC Projects IPO and Sona Machinery IPO.

IPO Details

Pratham EPC Projects 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.

	Pratham EPC Projects 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	Beeline Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Maashitla Securities Private Limited
Market Maker	Spread X Securities 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 Pratham EPC Projects IPO is up to ₹36.00 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of Pratham EPC Projects IPO is ₹75.00 per share and of Sona Machinery IPO is ₹143.00 per share.

	Pratham EPC Projects IPO	Sona Machinery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹136.00 per share
Issue Price (Upper)	₹75.00 per share	₹143.00 per share
Issue Price (Final)	₹75.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	48,00,000 shares	36,24,000 shares
Fresh Issue Size (Amount)	up to ₹36.00 Cr	up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	48,00,000 shares	36,24,000 shares
Issue Size Total (Amount)	up to ₹36.00 Cr	up to ₹51.82 Cr

IPO Timetable

Pratham EPC Projects IPO opens on Mar 11, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Pratham EPC Projects IPO and Sona Machinery IPO is Mar 13, 2024, and Mar 07, 2024, respectively.

	Pratham EPC Projects IPO	Sona Machinery IPO
Anchor Bid Date	Mar 07, 2024	Mar 04, 2024
Issue Open	Mar 11, 2024	Mar 05, 2024
Issue Close	Mar 13, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Mar 14, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Mar 15, 2024	Mar 12, 2024
Credit of Share (Tentative)	Mar 15, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 18, 2024	Mar 13, 2024
Anchor Lockin End date 1	Apr 13, 2024	Apr 10, 2024
Anchor Lockin End date 2	Jun 12, 2024	Jun 09, 2024

Financials

Pratham EPC Projects IPO P/E ratio is 12.72, as compared to Sona Machinery IPO P/E ratio of 18.8.

Pratham EPC Projects IPO

Sona Machinery IPO

Financial

Pratham EPC Projects Limited Financial Information (Restated Standalone)

Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,643.75	4,849.75	2,850.17	2,041.93
Revenue	3,581.37	5,167.29	5,062.66	3,085.03
Profit After Tax	523.41	764.12	441.32	112.85
Net Worth	2,321.26	1,797.86	1,033.73	592.41
Reserves and Surplus	1,025.26	1,716.86	952.73	511.41
Total Borrowing	952.27	1,418.83	246.26	199.48
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)

72.97%

73.59%

P/E Ratio

12.72

18.8

Market Cap

₹133.20 Cr.

₹196.25 Cr.

ROE

45.10%

44.49%%

ROCE

24.81%

46.61%%

Debt/Equity

0.06

EPS

₹5.90

₹7.61

RoNW

22.55%

36.39%%

Shares Offered

In the Pratham EPC Projects IPO retail investors (RII) are offered 15,96,800 shares while in Sona Machinery IPO retail investors are offered 15,96,800 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Pratham EPC Projects IPO and 6,88,000 shares in Sona Machinery IPO.

	Pratham EPC Projects IPO	Sona Machinery IPO
Anchor Investor Reserveration	13,66,400 shares	10,32,000 shares
Market Maker Reserveration	2,40,000 shares	1,82,000 shares
QIB	9,12,000 shares	6,88,000 shares
NII	6,84,800 shares	5,17,000 shares
RII	15,96,800 shares	12,05,000 shares
Employee	0 shares	0 shares
Others
Total	31,93,600 shares	24,10,000 shares

Bids Received (Subscription)

Pratham EPC Projects IPO subscribed 178.54x in total, whereas Sona Machinery IPO subscribed 273.50x.

	Pratham EPC Projects IPO	Sona Machinery IPO
QIB (times)	70.28x	129.72x
NII (times)	320.53x	554.42x
Big NII (times)
Small NII (times)
RII (times)	179.48x	235.06x
Employee (times)
Other (times)
Total (times)	178.54x	273.50x

Compare with others

Pratham EPC Projects IPO	Sona Machinery IPO
Enfuse Solutions IPO	Signoria Creation IPO
KP Green Engineering IPO	Pratham EPC Projects IPO
Royal Sense IPO	Koura Fine Diamond Jewelry IPO
AVP Infracon IPO	Shree Karni Fabcom IPO
Signoria Creation IPO	V R Infraspace 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	Owais Metal and Mineral Processing IPO
Sona Machinery IPO	Purv Flexipack IPO
Pune E-Stock Broking IPO	Sadhav Shipping IPO

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