Sahaj Fashions IPO vs Saroja Pharma Industries IPO

Comparision between Sahaj Fashions IPO and Saroja Pharma Industries IPO.

IPO Details

Sahaj Fashions IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Saroja Pharma Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sahaj Fashions IPO	Saroja Pharma Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khambatta Securities Limited	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Nnm Securities Private Limited	Swastika Investmart Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sahaj Fashions IPO is up to ₹13.96 Cr whereas the issue size of the Saroja Pharma Industries IPO is up to ₹9.11 Cr. The final issue price of Sahaj Fashions IPO is ₹30.00 per share and of Saroja Pharma Industries IPO is ₹84.00 per share.

	Sahaj Fashions IPO	Saroja Pharma Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	44,76,000 shares	10,84,800 shares
Fresh Issue Size (Amount)	up to ₹13.43 Cr	up to ₹9.11 Cr
OFS Issue Size	1,76,000 shares
OFS Issue Size (Amount)	up to ₹0.53 Cr
Issue Size Total	46,52,000 shares	10,84,800 shares
Issue Size Total (Amount)	up to ₹13.96 Cr	up to ₹9.11 Cr

IPO Timetable

Sahaj Fashions IPO opens on Aug 25, 2023, while Saroja Pharma Industries IPO opens on Aug 31, 2023. The closing date of Sahaj Fashions IPO and Saroja Pharma Industries IPO is Aug 29, 2023, and Sep 05, 2023, respectively.

	Sahaj Fashions IPO	Saroja Pharma Industries IPO
Anchor Bid Date
Issue Open	Aug 25, 2023	Aug 31, 2023
Issue Close	Aug 29, 2023	Sep 05, 2023
Basis Of Allotment (Tentative)	Sep 01, 2023	Sep 08, 2023
Initiation of Refunds (Tentative)	Sep 04, 2023	Sep 11, 2023
Credit of Share (Tentative)	Sep 05, 2023	Sep 12, 2023
Listing date (Tentative)	Sep 06, 2023	Sep 13, 2023
Anchor Lockin End date 1	Oct 01, 2023	Oct 08, 2023
Anchor Lockin End date 2	Nov 30, 2023	Dec 07, 2023

Financials

Sahaj Fashions IPO P/E ratio is , as compared to Saroja Pharma Industries IPO P/E ratio of 23.27.

Sahaj Fashions IPO

Saroja Pharma Industries IPO

Financial

Sahaj Fashions IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	28 Feb 2023
Assets	6,476.39	6,711.73	6,998.59	7,179.34
Revenue	9,933.61	7,475.54	8,698.36	9,101.07
Profit After Tax	27.19	31.90	42.64	288.71
Net Worth	1,361.63	1,393.53	1,435.78	1,724.07
Reserves and Surplus	620.41	652.32	694.56	982.85
Total Borrowing	1,019.03	1,608.65	1,795.46	1,519.24

Amount in ₹ Lakhs

Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	822.39	1,551.19	2,133.99
Revenue	3,674.67	5,595.67	5,035.09
Profit After Tax	73.13	114.01	106.06
Net Worth	93.59	402.60	508.66
Reserves and Surplus	92.59	380.02	215.09
Total Borrowing	301.77	613.88	1,018.86

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.95%

100.00%

Promoter Shareholding (Post-Issue)

73.02%

P/E Ratio

23.27

Market Cap

₹39.50 Cr.

₹33.77 Cr.

ROE

0.15%%

ROCE

0.25%%

Debt/Equity

EPS

₹3.61

RoNW

20.85%%

Shares Offered

In the Sahaj Fashions IPO retail investors (RII) are offered 22,08,000 shares while in Saroja Pharma Industries IPO retail investors are offered 22,08,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sahaj Fashions IPO and 0 shares in Saroja Pharma Industries IPO.

	Sahaj Fashions IPO	Saroja Pharma Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,36,000 shares	54,400 shares
QIB	0 shares	0 shares
NII	22,08,000 shares	5,15,200 shares
RII	22,08,000 shares	5,15,200 shares
Employee	0 shares	0 shares
Others
Total	44,16,000 shares	10,30,400 shares

Bids Received (Subscription)

Sahaj Fashions IPO subscribed 7.75x in total, whereas Saroja Pharma Industries IPO subscribed 8.88x.

	Sahaj Fashions IPO	Saroja Pharma Industries IPO
QIB (times)
NII (times)	3.78x	2.90x
Big NII (times)
Small NII (times)
RII (times)	11.72x	14.83x
Employee (times)
Other (times)
Total (times)	7.75x	8.88x

Compare with others

Sahaj Fashions IPO	Saroja Pharma Industries IPO
Saroja Pharma Industries IPO	Chavda Infra IPO
Basilic Fly Studio IPO	Jiwanram Sheoduttrai Industries IPO
C P S Shapers IPO	Unihealth Consultancy IPO
Mono Pharmacare IPO	Kahan Packaging IPO
Sungarner Energies IPO	Pramara Promotions IPO
Shoora Designs IPO	Basilic Fly Studio IPO
Bondada Engineering IPO	C P S Shapers IPO
Crop Life Science IPO	Mono Pharmacare IPO
Shelter Pharma IPO	Sungarner Energies IPO
Sangani Hospitals IPO	Sahaj Fashions IPO

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