Ganesh Green Bharat IPO vs Sahaj Solar IPO

Comparision between Ganesh Green Bharat IPO and Sahaj Solar IPO.

IPO Details

Ganesh Green Bharat 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.

	Ganesh Green Bharat 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	Hem Securities Limited	Kunvarji Finstock Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker	Hem Finlease 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 Ganesh Green Bharat IPO is up to ₹125.23 Cr whereas the issue size of the Sahaj Solar IPO is up to ₹52.56 Cr. The final issue price of Ganesh Green Bharat IPO is ₹190.00 per share and of Sahaj Solar IPO is ₹180.00 per share.

	Ganesh Green Bharat IPO	Sahaj Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹181.00 per share	₹171.00 per share
Issue Price (Upper)	₹190.00 per share	₹180.00 per share
Issue Price (Final)	₹190.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)		₹15.00 per share
Market Lot Size	600 shares	800 shares
Fresh Issue Size	65,91,000 shares	29,20,000 shares
Fresh Issue Size (Amount)	up to ₹125.23 Cr	up to ₹52.56 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,91,000 shares	29,20,000 shares
Issue Size Total (Amount)	up to ₹125.23 Cr	up to ₹52.56 Cr

IPO Timetable

Ganesh Green Bharat IPO opens on Jul 05, 2024, while Sahaj Solar IPO opens on Jul 11, 2024. The closing date of Ganesh Green Bharat IPO and Sahaj Solar IPO is Jul 09, 2024, and Jul 15, 2024, respectively.

	Ganesh Green Bharat IPO	Sahaj Solar IPO
Anchor Bid Date	Jul 04, 2024	Jul 10, 2024
Issue Open	Jul 05, 2024	Jul 11, 2024
Issue Close	Jul 09, 2024	Jul 15, 2024
Basis Of Allotment (Tentative)	Jul 10, 2024	Jul 16, 2024
Initiation of Refunds (Tentative)	Jul 11, 2024	Jul 18, 2024
Credit of Share (Tentative)	Jul 11, 2024	Jul 18, 2024
Listing date (Tentative)	Jul 12, 2024	Jul 19, 2024
Anchor Lockin End date 1	Aug 09, 2024	Aug 15, 2024
Anchor Lockin End date 2	Oct 08, 2024	Oct 14, 2024

Financials

Ganesh Green Bharat IPO P/E ratio is 15.85, as compared to Sahaj Solar IPO P/E ratio of 10.86.

Ganesh Green Bharat IPO

Sahaj Solar IPO

Financial

Ganesh Green Bharat Limited Financial Information (Restated Consolidated)

Ganesh Green Bharat Limited's revenue increased by 89.82% and profit after tax (PAT) rose by 167.67% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	15,029.82	8,786.05	8,835.50
Revenue	17,196.48	9,059.53	10,612.10
Profit After Tax	2,183.02	815.57	520.75
Net Worth	5,727.64	2,707.34	2,707.34
Reserves and Surplus	3,906.64	3,402.91	2,587.34
Total Borrowing	5,370.17	2,738.89	2,247.06
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)

100%

97.09%

Promoter Shareholding (Post-Issue)

73.42%

71.28%

P/E Ratio

15.85

10.86

Market Cap

₹509.22 Cr.

₹197.75 Cr.

ROE

46.42%%

39.96%%

ROCE

29.98%%

26.47%%

Debt/Equity

0.94

EPS

₹11.99

₹16.58

RoNW

34.72%%

39.96%%

Shares Offered

In the Ganesh Green Bharat IPO retail investors (RII) are offered 21,68,400 shares while in Sahaj Solar IPO retail investors are offered 21,68,400 shares. Qualified institutional buyers (QIB) are offered 12,38,400 shares in Ganesh Green Bharat IPO and 5,50,400 shares in Sahaj Solar IPO.

	Ganesh Green Bharat IPO	Sahaj Solar IPO
Anchor Investor Reserveration	18,57,600 shares	8,24,000 shares
Market Maker Reserveration	3,31,200 shares	1,46,400 shares
QIB	12,38,400 shares	5,50,400 shares
NII	9,29,400 shares	4,12,800 shares
RII	21,68,400 shares	9,62,400 shares
Employee	0 shares	0 shares
Others
Total	44,02,200 shares	19,49,600 shares

Bids Received (Subscription)

Ganesh Green Bharat IPO subscribed 229.92x in total, whereas Sahaj Solar IPO subscribed 507.21x.

	Ganesh Green Bharat IPO	Sahaj Solar IPO
QIB (times)	154.50x	214.27x
NII (times)	470.44x	862.35x
Big NII (times)
Small NII (times)
RII (times)	176.88x	535.03x
Employee (times)
Other (times)
Total (times)	229.92x	507.21x

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Aelea Commodities IPO	Sati Poly Plast IPO
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