Protean eGov Technologies IPO vs Saraswati Saree Depot IPO

Comparision between Protean eGov Technologies IPO and Saraswati Saree Depot IPO.

IPO Details

Protean eGov Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE while Saraswati Saree Depot IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Protean eGov Technologies IPO	Saraswati Saree Depot IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Protean eGov Technologies IPO is up to ₹490.33 Cr whereas the issue size of the Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Protean eGov Technologies IPO is ₹792.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

	Protean eGov Technologies IPO	Saraswati Saree Depot IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹752.00 per share	₹152.00 per share
Issue Price (Upper)	₹792.00 per share	₹160.00 per share
Issue Price (Final)	₹792.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)	₹75.00 per share
Market Lot Size	18 shares	90 shares
Fresh Issue Size		64,99,800 shares
Fresh Issue Size (Amount)		up to ₹104.00 Cr
OFS Issue Size	61,91,000 shares	35,01,000 shares
OFS Issue Size (Amount)	up to ₹490.33 Cr	up to ₹56.02 Cr
Issue Size Total	61,91,000 shares	1,00,00,800 shares
Issue Size Total (Amount)	up to ₹490.33 Cr	up to ₹160.01 Cr

IPO Timetable

Protean eGov Technologies IPO opens on Nov 06, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Protean eGov Technologies IPO and Saraswati Saree Depot IPO is Nov 08, 2023, and Aug 14, 2024, respectively.

	Protean eGov Technologies IPO	Saraswati Saree Depot IPO
Anchor Bid Date	Nov 03, 2023	Aug 09, 2024
Issue Open	Nov 06, 2023	Aug 12, 2024
Issue Close	Nov 08, 2023	Aug 14, 2024
Basis Of Allotment (Tentative)	Nov 13, 2023	Aug 16, 2024
Initiation of Refunds (Tentative)	Nov 15, 2023	Aug 19, 2024
Credit of Share (Tentative)	Nov 16, 2023	Aug 19, 2024
Listing date (Tentative)	Nov 13, 2023	Aug 20, 2024
Anchor Lockin End date 1	Dec 13, 2023	Sep 15, 2024
Anchor Lockin End date 2	Feb 11, 2024	Nov 14, 2024

Financials

Protean eGov Technologies IPO P/E ratio is 29.91, as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

Protean eGov Technologies IPO

Saraswati Saree Depot IPO

Financial

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% 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	205.94	188.85	169.93
Revenue	612.58	603.52	550.31
Profit After Tax	29.53	22.97	12.31
Net Worth	64.91	35.38	12.41
Total Borrowing	43.49	41.43	66.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

74.75%

P/E Ratio

29.91

17.94

Market Cap

₹3203.38 Cr.

₹633.60 Cr.

ROE

12.49%%

58.88%

ROCE

16.13%%

64.46%

Debt/Equity

0.67

EPS

₹26.48

₹8.92

RoNW

12.49%%

45.49%

Shares Offered

In the Protean eGov Technologies IPO retail investors (RII) are offered 21,14,350 shares while in Saraswati Saree Depot IPO retail investors are offered 21,14,350 shares. Qualified institutional buyers (QIB) are offered 12,08,200 shares in Protean eGov Technologies IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

	Protean eGov Technologies IPO	Saraswati Saree Depot IPO
Anchor Investor Reserveration	18,12,300 shares
Market Maker Reserveration
QIB	12,08,200 shares	50,00,400 shares
NII	9,06,150 shares	15,00,120 shares
RII	21,14,350 shares	35,00,280 shares
Employee	1,50,000 shares	0 shares
Others
Total	43,78,700 shares	1,00,00,800 shares

Bids Received (Subscription)

Protean eGov Technologies IPO subscribed 23.86x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

	Protean eGov Technologies IPO	Saraswati Saree Depot IPO
QIB (times)	46.94x	64.12x
NII (times)	31.62x	358.47x
Big NII (times)	33.14x	389.28x
Small NII (times)	28.58x	296.85x
RII (times)	8.93x	61.59x
Employee (times)	1.49x
Other (times)
Total (times)	23.86x	107.39x

Compare with others

Protean eGov Technologies IPO	Saraswati Saree Depot IPO
ASK Automotive IPO	Cello World Limited IPO
ESAF Small Finance Bank IPO	Mamaearth IPO
Cello World Limited IPO	Blue Jet Healthcare IPO
Mamaearth IPO	Protean eGov Technologies IPO
Blue Jet Healthcare IPO	IRM Energy IPO
IRM Energy IPO	Plaza Wires IPO
Saraswati Saree Depot IPO	Updater Services IPO
Plaza Wires IPO	Valiant Laboratories IPO
Updater Services IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Valiant Laboratories IPO	JSW Infrastructure IPO

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