Pune E-Stock Broking IPO vs Sona Machinery IPO

Comparision between Pune E-Stock Broking IPO and Sona Machinery IPO.

IPO Details

Pune E-Stock Broking IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sona Machinery IPO is a SME Book Built Issue proposed to list at NSE SME.

	Pune E-Stock Broking IPO	Sona Machinery IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Share India Securities 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 Pune E-Stock Broking IPO is up to ₹38.23 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of Pune E-Stock Broking IPO is ₹83.00 per share and of Sona Machinery IPO is ₹143.00 per share.

	Pune E-Stock Broking IPO	Sona Machinery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹78.00 per share	₹136.00 per share
Issue Price (Upper)	₹83.00 per share	₹143.00 per share
Issue Price (Final)	₹83.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	46,06,400 shares	36,24,000 shares
Fresh Issue Size (Amount)	up to ₹38.23 Cr	up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	46,06,400 shares	36,24,000 shares
Issue Size Total (Amount)	up to ₹38.23 Cr	up to ₹51.82 Cr

IPO Timetable

Pune E-Stock Broking IPO opens on Mar 07, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Pune E-Stock Broking IPO and Sona Machinery IPO is Mar 12, 2024, and Mar 07, 2024, respectively.

	Pune E-Stock Broking IPO	Sona Machinery IPO
Anchor Bid Date	Mar 06, 2024	Mar 04, 2024
Issue Open	Mar 07, 2024	Mar 05, 2024
Issue Close	Mar 12, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Mar 13, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Mar 14, 2024	Mar 12, 2024
Credit of Share (Tentative)	Mar 14, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 15, 2024	Mar 13, 2024
Anchor Lockin End date 1	Apr 12, 2024	Apr 10, 2024
Anchor Lockin End date 2	Jun 11, 2024	Jun 09, 2024

Financials

Pune E-Stock Broking IPO P/E ratio is 9.5, as compared to Sona Machinery IPO P/E ratio of 18.8.

Pune E-Stock Broking IPO

Sona Machinery IPO

Financial

Pune E-Stock Broking Limited Financial Information (Restated Consolidated)

Pune E-Stock Broking Limited's revenue decreased by -12.06% and profit after tax (PAT) dropped by -4.69% 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	22,224.76	15,801.00	16,314.24	13,288.68
Revenue	3,010.80	4,103.10	4,665.70	3,474.64
Profit After Tax	610.67	964.52	1,012.03	650.48
Net Worth	8,259.66	7,654.66	6,754.55	5,806.65
Reserves and Surplus	7,155.22	6,918.36	6,018.26	5,070.35
Total Borrowing	826.19	1,853.74	1,640.17	1,195.00
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)

72.75%

100.00%

Promoter Shareholding (Post-Issue)

51.34%

73.59%

P/E Ratio

9.5

18.8

Market Cap

₹129.90 Cr.

₹196.25 Cr.

ROE

7.30%%

44.49%%

ROCE

8.25%%

46.61%%

Debt/Equity

0.06

EPS

₹8.73

₹7.61

RoNW

7.39%%

36.39%%

Shares Offered

In the Pune E-Stock Broking IPO retail investors (RII) are offered 13,71,200 shares while in Sona Machinery IPO retail investors are offered 13,71,200 shares. Qualified institutional buyers (QIB) are offered 7,82,400 shares in Pune E-Stock Broking IPO and 6,88,000 shares in Sona Machinery IPO.

	Pune E-Stock Broking IPO	Sona Machinery IPO
Anchor Investor Reserveration	11,72,800 shares	10,32,000 shares
Market Maker Reserveration	6,91,200 shares	1,82,000 shares
QIB	7,82,400 shares	6,88,000 shares
NII	5,88,800 shares	5,17,000 shares
RII	13,71,200 shares	12,05,000 shares
Employee	0 shares	0 shares
Others
Total	27,42,400 shares	24,10,000 shares

Bids Received (Subscription)

Pune E-Stock Broking IPO subscribed 371.16x in total, whereas Sona Machinery IPO subscribed 273.50x.

	Pune E-Stock Broking IPO	Sona Machinery IPO
QIB (times)	123.02x	129.72x
NII (times)	775.99x	554.42x
Big NII (times)
Small NII (times)
RII (times)	338.92x	235.06x
Employee (times)
Other (times)
Total (times)	371.16x	273.50x

Compare with others

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

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