Sahaj Solar IPO vs Three M Paper Boards IPO

Comparision between Sahaj Solar IPO and Three M Paper Boards IPO.

IPO Details

Sahaj Solar IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Three M Paper Boards IPO is a SME Book Built Issue proposed to list at BSE SME.

	Sahaj Solar IPO	Three M Paper Boards IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Kunvarji Finstock Pvt Ltd	Comfort Securities Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Comfort Securities 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 Sahaj Solar IPO is up to ₹52.56 Cr whereas the issue size of the Three M Paper Boards IPO is up to ₹39.83 Cr. The final issue price of Sahaj Solar IPO is ₹180.00 per share and of Three M Paper Boards IPO is ₹69.00 per share.

	Sahaj Solar IPO	Three M Paper Boards IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹171.00 per share	₹67.00 per share
Issue Price (Upper)	₹180.00 per share	₹69.00 per share
Issue Price (Final)	₹180.00 per share	₹69.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	29,20,000 shares	57,72,000 shares
Fresh Issue Size (Amount)	up to ₹52.56 Cr	up to ₹39.83 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	29,20,000 shares	57,72,000 shares
Issue Size Total (Amount)	up to ₹52.56 Cr	up to ₹39.83 Cr

IPO Timetable

Sahaj Solar IPO opens on Jul 11, 2024, while Three M Paper Boards IPO opens on Jul 12, 2024. The closing date of Sahaj Solar IPO and Three M Paper Boards IPO is Jul 15, 2024, and Jul 16, 2024, respectively.

	Sahaj Solar IPO	Three M Paper Boards IPO
Anchor Bid Date	Jul 10, 2024	Jul 11, 2024
Issue Open	Jul 11, 2024	Jul 12, 2024
Issue Close	Jul 15, 2024	Jul 16, 2024
Basis Of Allotment (Tentative)	Jul 16, 2024	Jul 18, 2024
Initiation of Refunds (Tentative)	Jul 18, 2024	Jul 19, 2024
Credit of Share (Tentative)	Jul 18, 2024	Jul 19, 2024
Listing date (Tentative)	Jul 19, 2024	Jul 22, 2024
Anchor Lockin End date 1	Aug 15, 2024	Aug 17, 2024
Anchor Lockin End date 2	Oct 14, 2024	Oct 16, 2024

Financials

Sahaj Solar IPO P/E ratio is 10.86, as compared to Three M Paper Boards IPO P/E ratio of 8.19.

Sahaj Solar IPO

Three M Paper Boards IPO

Financial

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

Three M Paper Boards Limited Financial Information (Restated Consolidated)

Three M Paper Boards Limited's revenue decreased by -16.3% and profit after tax (PAT) rose by 71.53% 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	19,519.88	18,942.55	18,150.44	14,225.50
Revenue	27,601.56	32,974.92	31,600.49	16,552.14
Profit After Tax	1,134.72	661.53	327.56	172.63
Net Worth	6,110.39	4,725.67	4,064.14	3,736.58
Reserves and Surplus	4,763.85	4,070.65	3,409.12	3,081.56
Total Borrowing	7,264.08	8,182.40	7,802.06	5,353.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.09%

100.00%

Promoter Shareholding (Post-Issue)

71.28%

70.00%

P/E Ratio

10.86

8.19

Market Cap

₹197.75 Cr.

₹132.74 Cr.

ROE

39.96%%

18.57%%

ROCE

26.47%%

19.71%%

Debt/Equity

1.19

EPS

₹16.58

₹8.43

RoNW

39.96%%

18.51%%

Shares Offered

In the Sahaj Solar IPO retail investors (RII) are offered 9,62,400 shares while in Three M Paper Boards IPO retail investors are offered 9,62,400 shares. Qualified institutional buyers (QIB) are offered 5,50,400 shares in Sahaj Solar IPO and 10,96,000 shares in Three M Paper Boards IPO.

	Sahaj Solar IPO	Three M Paper Boards IPO
Anchor Investor Reserveration	8,24,000 shares	16,42,000 shares
Market Maker Reserveration	1,46,400 shares	2,90,000 shares
QIB	5,50,400 shares	10,96,000 shares
NII	4,12,800 shares	8,24,000 shares
RII	9,62,400 shares	19,20,000 shares
Employee	0 shares	0 shares
Others
Total	19,49,600 shares	38,40,000 shares

Bids Received (Subscription)

Sahaj Solar IPO subscribed 507.21x in total, whereas Three M Paper Boards IPO subscribed 171.33x.

	Sahaj Solar IPO	Three M Paper Boards IPO
QIB (times)	214.27x	79.37x
NII (times)	862.35x	284.67x
Big NII (times)
Small NII (times)
RII (times)	535.03x	175.19x
Employee (times)
Other (times)
Total (times)	507.21x	171.33x

Compare with others

Sahaj Solar IPO	Three M Paper Boards IPO
SAR Televenture FPO	RNFI Services IPO
Tunwal E-Motors IPO	Macobs Technologies IPO
Three M Paper Boards IPO	Kataria Industries IPO
Prizor Viztech IPO	SAR Televenture FPO
Sati Poly Plast IPO	Tunwal E-Motors IPO
Aelea Commodities IPO	Prizor Viztech IPO
Ganesh Green Bharat IPO	Sati Poly Plast IPO
Effwa Infra and Research IPO	Sahaj Solar IPO
Ambey Laboratories IPO	Aelea Commodities IPO
Nephro Care India IPO	Ganesh Green Bharat IPO

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