Sahaj Fashions IPO vs Shoora Designs IPO

Comparision between Sahaj Fashions IPO and Shoora Designs IPO.

IPO Details

Sahaj Fashions IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shoora Designs IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Sahaj Fashions IPO	Shoora Designs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Khambatta Securities Limited	Swaraj shares and securities private limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Nnm Securities Private Limited	Rikhav Securities 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 Shoora Designs IPO is up to ₹2.03 Cr. The final issue price of Sahaj Fashions IPO is ₹30.00 per share and of Shoora Designs IPO is ₹48.00 per share.

	Sahaj Fashions IPO	Shoora Designs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	44,76,000 shares	4,23,000 shares
Fresh Issue Size (Amount)	up to ₹13.43 Cr	up to ₹2.03 Cr
OFS Issue Size	1,76,000 shares
OFS Issue Size (Amount)	up to ₹0.53 Cr
Issue Size Total	46,52,000 shares	4,24,000 shares
Issue Size Total (Amount)	up to ₹13.96 Cr	up to ₹2.03 Cr

IPO Timetable

Sahaj Fashions IPO opens on Aug 25, 2023, while Shoora Designs IPO opens on Aug 17, 2023. The closing date of Sahaj Fashions IPO and Shoora Designs IPO is Aug 29, 2023, and Aug 21, 2023, respectively.

	Sahaj Fashions IPO	Shoora Designs IPO
Anchor Bid Date
Issue Open	Aug 25, 2023	Aug 17, 2023
Issue Close	Aug 29, 2023	Aug 21, 2023
Basis Of Allotment (Tentative)	Sep 01, 2023	Aug 24, 2023
Initiation of Refunds (Tentative)	Sep 04, 2023	Aug 25, 2023
Credit of Share (Tentative)	Sep 05, 2023	Aug 28, 2023
Listing date (Tentative)	Sep 06, 2023	Aug 29, 2023
Anchor Lockin End date 1	Oct 01, 2023	Sep 23, 2023
Anchor Lockin End date 2	Nov 30, 2023	Nov 22, 2023

Financials

Sahaj Fashions IPO P/E ratio is , as compared to Shoora Designs IPO P/E ratio of 35.82.

Sahaj Fashions IPO

Shoora Designs 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

Shoora Designs IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	0.75	15.03	168.99
Revenue		16.26	210.61
Profit After Tax	-0.50	3.91	11.46
Net Worth	0.50	4.41	158.59
Reserves and Surplus	-0.50	3.41	51.02
Total Borrowing			0.30

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.95%

100.00%

Promoter Shareholding (Post-Issue)

71.77%

P/E Ratio

35.82

Market Cap

₹39.50 Cr.

₹7.19 Cr.

ROE

14.06%%

ROCE

9.89%%

Debt/Equity

EPS

₹1.34

RoNW

7.22%%

Shares Offered

In the Sahaj Fashions IPO retail investors (RII) are offered 22,08,000 shares while in Shoora Designs 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 Shoora Designs IPO.

	Sahaj Fashions IPO	Shoora Designs IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,36,000 shares	27,000 shares
QIB	0 shares	0 shares
NII	22,08,000 shares	1,98,000 shares
RII	22,08,000 shares	1,98,000 shares
Employee	0 shares	0 shares
Others
Total	44,16,000 shares	3,96,000 shares

Bids Received (Subscription)

Sahaj Fashions IPO subscribed 7.75x in total, whereas Shoora Designs IPO subscribed 64.52x.

	Sahaj Fashions IPO	Shoora Designs IPO
QIB (times)
NII (times)	3.78x	34.68x
Big NII (times)
Small NII (times)
RII (times)	11.72x	93.73x
Employee (times)
Other (times)
Total (times)	7.75x	64.52x

Compare with others

Sahaj Fashions IPO	Shoora Designs IPO
Saroja Pharma Industries IPO	Basilic Fly Studio IPO
Basilic Fly Studio IPO	C P S Shapers IPO
C P S Shapers IPO	Mono Pharmacare IPO
Mono Pharmacare IPO	Sungarner Energies IPO
Sungarner Energies IPO	Sahaj Fashions IPO
Shoora Designs IPO	Bondada Engineering IPO
Bondada Engineering IPO	Crop Life Science IPO
Crop Life Science IPO	Shelter Pharma IPO
Shelter Pharma IPO	Sangani Hospitals IPO
Sangani Hospitals IPO	Yudiz Solutions IPO

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