Rajgor Castor Derivatives IPO vs Saakshi Medtech and Panels IPO

Comparision between Rajgor Castor Derivatives IPO and Saakshi Medtech and Panels IPO.

IPO Details

Rajgor Castor Derivatives IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

	Rajgor Castor Derivatives IPO	Saakshi Medtech and Panels 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	Bigshare Services Pvt Ltd
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 Rajgor Castor Derivatives IPO is up to ₹47.81 Cr whereas the issue size of the Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Rajgor Castor Derivatives IPO is ₹50.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

	Rajgor Castor Derivatives IPO	Saakshi Medtech and Panels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹47.00 per share	₹92.00 per share
Issue Price (Upper)	₹50.00 per share	₹97.00 per share
Issue Price (Final)	₹50.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	88,95,000 shares	46,56,000 shares
Fresh Issue Size (Amount)	up to ₹44.48 Cr	up to ₹45.16 Cr
OFS Issue Size	6,66,000 shares
OFS Issue Size (Amount)	up to ₹3.33 Cr
Issue Size Total	95,61,000 shares	46,56,000 shares
Issue Size Total (Amount)	up to ₹47.81 Cr	up to ₹45.16 Cr

IPO Timetable

Rajgor Castor Derivatives IPO opens on Oct 17, 2023, while Saakshi Medtech and Panels IPO opens on Sep 25, 2023. The closing date of Rajgor Castor Derivatives IPO and Saakshi Medtech and Panels IPO is Oct 20, 2023, and Sep 27, 2023, respectively.

	Rajgor Castor Derivatives IPO	Saakshi Medtech and Panels IPO
Anchor Bid Date	Oct 16, 2023	Sep 22, 2023
Issue Open	Oct 17, 2023	Sep 25, 2023
Issue Close	Oct 20, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 26, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 27, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 30, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 31, 2023	Oct 03, 2023
Anchor Lockin End date 1	Nov 25, 2023	Nov 02, 2023
Anchor Lockin End date 2	Jan 24, 2024	Jan 01, 2024

Financials

Rajgor Castor Derivatives IPO P/E ratio is 1.66, as compared to Saakshi Medtech and Panels IPO P/E ratio of 10.18.

Rajgor Castor Derivatives IPO

Saakshi Medtech and Panels IPO

Financial

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% 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	31 Mar 2020
Assets	9,847.95	7,782.64	3,753.42	2,578.48	2,645.34
Revenue	11,276.10	42,887.35	4,091.30	1,100.69	1,497.33
Profit After Tax	192.57	554.47	52.19	-180.18	-97.02
Net Worth	2,558.24	2,365.55	201.90	149.71
Reserves and Surplus	2,343.54	2,150.97	190.12	137.93	318.12
Total Borrowing	5,178.96	4,450.93	1,809.51	2,286.28
Amount in ₹ Lakhs

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Revenue	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

73.63%

P/E Ratio

1.66

10.18

Market Cap

₹119.58 Cr.

₹171.26 Cr.

ROE

43.19%%

34.35%%

ROCE

22.97%%

28.57%%

Debt/Equity

1.88

0.48

EPS

₹30.06

₹9.53

RoNW

23.44%%

29.32%%

Shares Offered

In the Rajgor Castor Derivatives IPO retail investors (RII) are offered 31,42,000 shares while in Saakshi Medtech and Panels IPO retail investors are offered 31,42,000 shares. Qualified institutional buyers (QIB) are offered 17,22,000 shares in Rajgor Castor Derivatives IPO and 8,84,400 shares in Saakshi Medtech and Panels IPO.

	Rajgor Castor Derivatives IPO	Saakshi Medtech and Panels IPO
Anchor Investor Reserveration	27,12,000 shares	13,24,800 shares
Market Maker Reserveration	5,01,000 shares	2,35,200 shares
QIB	17,22,000 shares	8,84,400 shares
NII	13,62,000 shares	6,63,600 shares
RII	31,42,000 shares	15,48,000 shares
Employee	0 shares	0 shares
Others
Total	62,26,000 shares	30,96,000 shares

Bids Received (Subscription)

Rajgor Castor Derivatives IPO subscribed 107.43x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

	Rajgor Castor Derivatives IPO	Saakshi Medtech and Panels IPO
QIB (times)	35.52x	37.35x
NII (times)	260.01x	200.78x
Big NII (times)
Small NII (times)
RII (times)	80.70x	75.88x
Employee (times)
Other (times)
Total (times)	107.43x	91.65x

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