Abans Holdings IPO vs Sah Polymers IPO

Comparision between Abans Holdings IPO and Sah Polymers IPO.

IPO Details

Abans Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sah Polymers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Abans Holdings IPO	Sah Polymers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Aryaman Financial Services Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private 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 Abans Holdings IPO is up to ₹345.60 Cr whereas the issue size of the Sah Polymers IPO is up to ₹66.30 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Sah Polymers IPO is ₹65.00 per share.

	Abans Holdings IPO	Sah Polymers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹256.00 per share	₹61.00 per share
Issue Price (Upper)	₹270.00 per share	₹65.00 per share
Issue Price (Final)	₹270.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	230 shares
Fresh Issue Size	38,00,000 shares	1,02,00,000 shares
Fresh Issue Size (Amount)	up to ₹102.60 Cr	up to ₹66.30 Cr
OFS Issue Size	90,00,000 shares
OFS Issue Size (Amount)	up to ₹243.00 Cr
Issue Size Total	1,28,00,000 shares	1,02,00,000 shares
Issue Size Total (Amount)	up to ₹345.60 Cr	up to ₹66.30 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Sah Polymers IPO opens on Dec 30, 2022. The closing date of Abans Holdings IPO and Sah Polymers IPO is Dec 15, 2022, and Jan 04, 2023, respectively.

	Abans Holdings IPO	Sah Polymers IPO
Anchor Bid Date	Dec 09, 2022	Dec 29, 2022
Issue Open	Dec 12, 2022	Dec 30, 2022
Issue Close	Dec 15, 2022	Jan 04, 2023
Basis Of Allotment (Tentative)	Dec 20, 2022	Jan 09, 2023
Initiation of Refunds (Tentative)	Dec 21, 2022	Jan 10, 2023
Credit of Share (Tentative)	Dec 22, 2022	Jan 11, 2023
Listing date (Tentative)	Dec 23, 2022	Jan 12, 2023
Anchor Lockin End date 1	Jan 19, 2023	Feb 08, 2023
Anchor Lockin End date 2	Mar 20, 2023	Apr 09, 2023

Financials

Abans Holdings IPO P/E ratio is 18.96, as compared to Sah Polymers IPO P/E ratio of 33.51.

Abans Holdings IPO

Sah Polymers IPO

Financial

Abans Holdings Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1212.98	2771.88	39.22	499.55	318.79
31-Mar-21	1181.51	1331.37	45.8	561.95	267.39
31-Mar-22	1168.69	646.23	61.97	631.11	85.9
31-Aug-22	1230.72	288.31	29.74	678.17	76.92
Amount in ₹ Crore

Sah Polymers Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	35.93	49.91	0.3	18.81	10.37
31-Mar-21	40.58	55.34	1.27	20.09	13.79
31-Mar-22	68.67	81.23	4.38	26.65	30.54
30-Jun-22	75.35	27.59	1.25	27.74	33.15
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.42%

100%

Promoter Shareholding (Post-Issue)

72.09%

60.46%

P/E Ratio

18.96

33.51

Market Cap

₹1353.94 Cr.

₹167.67 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Abans Holdings IPO retail investors (RII) are offered 76,80,000 shares while in Sah Polymers IPO retail investors are offered 76,80,000 shares. Qualified institutional buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 30,60,000 shares in Sah Polymers IPO.

	Abans Holdings IPO	Sah Polymers IPO
Anchor Investor Reserveration		45,90,000 shares
Market Maker Reserveration
QIB	12,80,000 shares	30,60,000 shares
NII	38,40,000 shares	15,30,000 shares
RII	76,80,000 shares	10,20,000 shares
Employee	0 shares	0 shares
Others
Total	1,28,00,000 shares	56,10,000 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Sah Polymers IPO subscribed 17.46x.

	Abans Holdings IPO	Sah Polymers IPO
QIB (times)	4.10x	2.40x
NII (times)	1.48x	32.69x
Big NII (times)	2.15x	33.94x
Small NII (times)	0.13x	30.20x
RII (times)	0.40x	39.78x
Employee (times)
Other (times)
Total (times)	1.10x	17.46x

Compare with others

Abans Holdings IPO	Sah Polymers IPO
Global Surfaces IPO	Divgi TorqTransfer Systems IPO
Divgi TorqTransfer Systems IPO	Signatureglobal India IPO
Signatureglobal India IPO	Radiant Cash Management IPO
Radiant Cash Management IPO	KFin Technologies IPO
KFin Technologies IPO	Abans Holdings IPO
Sah Polymers IPO	Elin Electronics IPO
Elin Electronics IPO	Sula Vineyards IPO
Sula Vineyards IPO	Dharmaj Crop Guard IPO
Dharmaj Crop Guard IPO	Landmark Cars IPO
Landmark Cars IPO	Keystone Realtors IPO

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