Rulka Electricals IPO vs Sahaj Solar IPO

Comparision between Rulka Electricals IPO and Sahaj Solar IPO.

IPO Details

Rulka Electricals IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sahaj Solar IPO is a SME Book Built Issue proposed to list at NSE SME.

	Rulka Electricals IPO	Sahaj Solar 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	Kunvarji Finstock Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Sunflower Broking Private Limited	Aftertrade Broking Pvt Ltd
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 Rulka Electricals IPO is up to ₹26.40 Cr whereas the issue size of the Sahaj Solar IPO is up to ₹52.56 Cr. The final issue price of Rulka Electricals IPO is ₹235.00 per share and of Sahaj Solar IPO is ₹180.00 per share.

	Rulka Electricals IPO	Sahaj Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹223.00 per share	₹171.00 per share
Issue Price (Upper)	₹235.00 per share	₹180.00 per share
Issue Price (Final)	₹235.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)		₹15.00 per share
Market Lot Size	600 shares	800 shares
Fresh Issue Size	8,42,400 shares	29,20,000 shares
Fresh Issue Size (Amount)	up to ₹19.80 Cr	up to ₹52.56 Cr
OFS Issue Size	2,80,800 shares
OFS Issue Size (Amount)	up to ₹6.60 Cr
Issue Size Total	11,23,200 shares	29,20,000 shares
Issue Size Total (Amount)	up to ₹26.40 Cr	up to ₹52.56 Cr

IPO Timetable

Rulka Electricals IPO opens on May 16, 2024, while Sahaj Solar IPO opens on Jul 11, 2024. The closing date of Rulka Electricals IPO and Sahaj Solar IPO is May 21, 2024, and Jul 15, 2024, respectively.

	Rulka Electricals IPO	Sahaj Solar IPO
Anchor Bid Date	May 15, 2024	Jul 10, 2024
Issue Open	May 16, 2024	Jul 11, 2024
Issue Close	May 21, 2024	Jul 15, 2024
Basis Of Allotment (Tentative)	May 22, 2024	Jul 16, 2024
Initiation of Refunds (Tentative)	May 23, 2024	Jul 18, 2024
Credit of Share (Tentative)	May 23, 2024	Jul 18, 2024
Listing date (Tentative)	May 24, 2024	Jul 19, 2024
Anchor Lockin End date 1	Jun 21, 2024	Aug 15, 2024
Anchor Lockin End date 2	Aug 20, 2024	Oct 14, 2024

Financials

Rulka Electricals IPO P/E ratio is 28.62, as compared to Sahaj Solar IPO P/E ratio of 10.86.

Rulka Electricals IPO

Sahaj Solar IPO

Financial

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,082.09	2,826.95	1,919.04	982.41
Revenue	6,527.77	4,689.78	3,627.41	1,960.11
Profit After Tax	565.77	280.52	112.08	53.72
Net Worth	1,290.15	557.33	276.82	164.74
Reserves and Surplus	948.55	546.33	265.82	153.74
Total Borrowing	1,104.89	527.07	281.46	230.99
Amount in ₹ Lakhs

Sahaj Solar Limited Financial Information (Restated Consolidated)

Sahaj Solar Limited's revenue increased by 8.56% and profit after tax (PAT) rose by 106.25% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,936.40	9,081.50	6,103.22	3,463.94
Revenue	20,171.55	18,580.48	6,728.95	6,218.78
Profit After Tax	1,337.29	648.37	102.50	70.58
Net Worth	3,293.12	1,637.30	1,002.05	922.01
Reserves and Surplus	2,496.78	859.22	479.99	405.40
Total Borrowing	5,680.86	1,361.97	1,711.35	1,502.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.28%

97.09%

Promoter Shareholding (Post-Issue)

69.22%

71.28%

P/E Ratio

28.62

10.86

Market Cap

₹100.07 Cr.

₹197.75 Cr.

ROE

61.25%%

39.96%%

ROCE

33.67%%

26.47%%

Debt/Equity

2.16

EPS

₹8.21

₹16.58

RoNW

43.85%%

39.96%%

Shares Offered

In the Rulka Electricals IPO retail investors (RII) are offered 3,73,800 shares while in Sahaj Solar IPO retail investors are offered 3,73,800 shares. Qualified institutional buyers (QIB) are offered 2,13,600 shares in Rulka Electricals IPO and 5,50,400 shares in Sahaj Solar IPO.

	Rulka Electricals IPO	Sahaj Solar IPO
Anchor Investor Reserveration	3,19,200 shares	8,24,000 shares
Market Maker Reserveration	56,400 shares	1,46,400 shares
QIB	2,13,600 shares	5,50,400 shares
NII	1,60,200 shares	4,12,800 shares
RII	3,73,800 shares	9,62,400 shares
Employee	0 shares	0 shares
Others
Total	7,47,600 shares	19,49,600 shares

Bids Received (Subscription)

Rulka Electricals IPO subscribed 676.83x in total, whereas Sahaj Solar IPO subscribed 507.21x.

	Rulka Electricals IPO	Sahaj Solar IPO
QIB (times)	204.22x	214.27x
NII (times)	1,350.15x	862.35x
Big NII (times)
Small NII (times)
RII (times)	658.32x	535.03x
Employee (times)
Other (times)
Total (times)	676.83x	507.21x

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