Purv Flexipack IPO vs Sadhav Shipping IPO

Comparision between Purv Flexipack IPO and Sadhav Shipping IPO.

IPO Details

Purv Flexipack IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Purv Flexipack IPO	Sadhav Shipping IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Holani Consultants Private Limited	Isk Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Maashitla Securities Private Limited
Market Maker	Holani Consultants Private Limited	Sunflower Broking Private Limited
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 Purv Flexipack IPO is up to ₹40.21 Cr whereas the issue size of the Sadhav Shipping IPO is up to ₹38.18 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

	Purv Flexipack IPO	Sadhav Shipping IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹70.00 per share
Issue Price (Upper)	₹71.00 per share
Issue Price (Final)	₹71.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	56,64,000 shares	40,18,800 shares
Fresh Issue Size (Amount)	up to ₹40.21 Cr	up to ₹38.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,64,000 shares	40,18,800 shares
Issue Size Total (Amount)	up to ₹40.21 Cr	up to ₹38.18 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of Purv Flexipack IPO and Sadhav Shipping IPO is Feb 29, 2024, and Feb 27, 2024, respectively.

	Purv Flexipack IPO	Sadhav Shipping IPO
Anchor Bid Date	Feb 26, 2024
Issue Open	Feb 27, 2024	Feb 23, 2024
Issue Close	Feb 29, 2024	Feb 27, 2024
Basis Of Allotment (Tentative)	Mar 01, 2024	Feb 28, 2024
Initiation of Refunds (Tentative)	Mar 04, 2024	Feb 29, 2024
Credit of Share (Tentative)	Mar 04, 2024	Feb 29, 2024
Listing date (Tentative)	Mar 05, 2024	Mar 01, 2024
Anchor Lockin End date 1	Mar 31, 2024
Anchor Lockin End date 2	May 30, 2024

Financials

Purv Flexipack IPO P/E ratio is 13.17, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

Purv Flexipack IPO

Sadhav Shipping IPO

Financial

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% 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	28,315.64	25,852.83	18,146.73	15,417.62
Revenue	13,935.79	34,107.83	22,943.81	13,780.26
Profit After Tax	430.13	826.13	626.73	567.50
Net Worth	8,152.42	7,619.22	6,793.09	5,898.36
Reserves and Surplus	6,740.54	6,207.34	5,381.21	4,486.48
Total Borrowing	15,013.96	12,350.98	8,340.10	7,077.77
Amount in ₹ Lakhs

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% 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	13,113.49	11,628.71	6,909.44	6,117.64
Revenue	3,385.69	7,890.59	6,977.94	6,123.67
Profit After Tax	406.97	775.44	300.93	330.77
Net Worth	4,501.44	4,094.46	3,503.51	3,205.61
Reserves and Surplus	4,206.18	3,799.21	3,208.26	2,910.36
Total Borrowing	6,681.84	5,527.45	2,083.08	1,776.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.17%

96.44%

Promoter Shareholding (Post-Issue)

69.44%

P/E Ratio

13.17

12.66

Market Cap

₹148.98 Cr.

₹136.35 Cr.

ROE

11.46%%

20.41%%

ROCE

18.50%%

14.36%%

Debt/Equity

1.62

EPS

₹5.39

₹7.50

RoNW

10.84%%

18.94%%

Shares Offered

In the Purv Flexipack IPO retail investors (RII) are offered 19,00,800 shares while in Sadhav Shipping IPO retail investors are offered 19,00,800 shares. Qualified institutional buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and 0 shares in Sadhav Shipping IPO.

	Purv Flexipack IPO	Sadhav Shipping IPO
Anchor Investor Reserveration	15,16,800 shares
Market Maker Reserveration	3,48,800 shares	2,02,800 shares
QIB	10,52,800 shares	0 shares
NII	8,44,800 shares	19,08,000 shares
RII	19,00,800 shares	19,08,000 shares
Employee	0 shares	0 shares
Others
Total	37,98,400 shares	38,16,000 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

	Purv Flexipack IPO	Sadhav Shipping IPO
QIB (times)	157.32x
NII (times)	690.72x	184.58x
Big NII (times)
Small NII (times)
RII (times)	448.73x	65.52x
Employee (times)
Other (times)
Total (times)	421.78x	135.69x

Compare with others

Purv Flexipack IPO	Sadhav Shipping IPO
V R Infraspace IPO	Sona Machinery IPO
Sona Machinery IPO	Pune E-Stock Broking IPO
Pune E-Stock Broking IPO	M.V.K. Agro Food IPO
M.V.K. Agro Food IPO	Owais Metal and Mineral Processing IPO
Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
Sadhav Shipping IPO	Deem Roll Tech IPO
Deem Roll Tech IPO	Zenith Drugs IPO
Zenith Drugs IPO	Esconet Technologies IPO
Esconet Technologies IPO	Trust Fintech IPO
Trust Fintech IPO	Interiors and More IPO

Comments

Add a public comment...