Sah Polymers IPO vs Sula Vineyards IPO

Comparision between Sah Polymers IPO and Sula Vineyards IPO.

IPO Details

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

	Sah Polymers IPO	Sula Vineyards 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	Pantomath Capital Advisors Pvt Ltd	Kotak Mahindra Capital Company Limited Clsa India Private Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
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 Sah Polymers IPO is up to ₹66.30 Cr whereas the issue size of the Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Sah Polymers IPO is ₹65.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

	Sah Polymers IPO	Sula Vineyards IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹61.00 per share	₹340.00 per share
Issue Price (Upper)	₹65.00 per share	₹357.00 per share
Issue Price (Final)	₹65.00 per share	₹357.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	230 shares	42 shares
Fresh Issue Size	1,02,00,000 shares
Fresh Issue Size (Amount)	up to ₹66.30 Cr
OFS Issue Size		2,69,00,530 shares
OFS Issue Size (Amount)		up to ₹960.35 Cr
Issue Size Total	1,02,00,000 shares	2,69,00,530 shares
Issue Size Total (Amount)	up to ₹66.30 Cr	up to ₹960.35 Cr

IPO Timetable

Sah Polymers IPO opens on Dec 30, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Sah Polymers IPO and Sula Vineyards IPO is Jan 04, 2023, and Dec 14, 2022, respectively.

	Sah Polymers IPO	Sula Vineyards IPO
Anchor Bid Date	Dec 29, 2022	Dec 09, 2022
Issue Open	Dec 30, 2022	Dec 12, 2022
Issue Close	Jan 04, 2023	Dec 14, 2022
Basis Of Allotment (Tentative)	Jan 09, 2023	Dec 19, 2022
Initiation of Refunds (Tentative)	Jan 10, 2023	Dec 20, 2022
Credit of Share (Tentative)	Jan 11, 2023	Dec 21, 2022
Listing date (Tentative)	Jan 12, 2023	Dec 22, 2022
Anchor Lockin End date 1	Feb 08, 2023	Jan 18, 2023
Anchor Lockin End date 2	Apr 09, 2023	Mar 19, 2023

Financials

Sah Polymers IPO P/E ratio is 33.51, as compared to Sula Vineyards IPO P/E ratio of 49.24.

Sah Polymers IPO

Sula Vineyards IPO

Financial

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

Sula Vineyards Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	831.04	523.21	-15.94	299.95	368.24
31-Mar-21	751.6	421.53	3.01	304.74	301.26
30-Sep-21	717.55	160.46	4.53	344.32	262.45
31-Mar-22	758.56	456.7	52.14	395.26	228.93
30-Sep-22	770.95	225.76	30.51	449.18	214.64
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

28.44%

Promoter Shareholding (Post-Issue)

60.46%

27.33%

P/E Ratio

33.51

49.24

Market Cap

₹167.67 Cr.

₹3005.90 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sah Polymers IPO retail investors (RII) are offered 10,20,000 shares while in Sula Vineyards IPO retail investors are offered 10,20,000 shares. Qualified institutional buyers (QIB) are offered 30,60,000 shares in Sah Polymers IPO and 53,80,106 shares in Sula Vineyards IPO.

	Sah Polymers IPO	Sula Vineyards IPO
Anchor Investor Reserveration	45,90,000 shares
Market Maker Reserveration
QIB	30,60,000 shares	53,80,106 shares
NII	15,30,000 shares	40,35,080 shares
RII	10,20,000 shares	94,15,186 shares
Employee	0 shares	0 shares
Others
Total	56,10,000 shares	1,88,30,372 shares

Bids Received (Subscription)

Sah Polymers IPO subscribed 17.46x in total, whereas Sula Vineyards IPO subscribed 2.33x.

	Sah Polymers IPO	Sula Vineyards IPO
QIB (times)	2.40x	4.13x
NII (times)	32.69x	1.51x
Big NII (times)	33.94x	1.69x
Small NII (times)	30.20x	1.15x
RII (times)	39.78x	1.65x
Employee (times)
Other (times)
Total (times)	17.46x	2.33x

Compare with others

Sah Polymers IPO	Sula Vineyards IPO
Divgi TorqTransfer Systems IPO	Radiant Cash Management IPO
Signatureglobal India IPO	KFin Technologies IPO
Radiant Cash Management IPO	Abans Holdings IPO
KFin Technologies IPO	Sah Polymers IPO
Abans Holdings IPO	Elin Electronics IPO
Elin Electronics IPO	Dharmaj Crop Guard IPO
Sula Vineyards IPO	Landmark Cars IPO
Dharmaj Crop Guard IPO	Keystone Realtors IPO
Landmark Cars IPO	Inox Green Energy IPO
Keystone Realtors IPO	Archean Chemical IPO

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