Sahana System IPO vs Urban Enviro Waste Management IPO

Comparision between Sahana System IPO and Urban Enviro Waste Management IPO.

IPO Details

Sahana System IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Urban Enviro Waste Management IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sahana System IPO	Urban Enviro Waste Management IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt Ltd Interactive Financial Services Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Asnani Stock Broker Private 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 Sahana System IPO is up to ₹32.74 Cr whereas the issue size of the Urban Enviro Waste Management IPO is up to ₹11.42 Cr. The final issue price of Sahana System IPO is ₹135.00 per share and of Urban Enviro Waste Management IPO is ₹100.00 per share.

	Sahana System IPO	Urban Enviro Waste Management IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹132.00 per share
Issue Price (Upper)	₹135.00 per share
Issue Price (Final)	₹135.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	24,25,000 shares	9,20,000 shares
Fresh Issue Size (Amount)	up to ₹32.74 Cr	up to ₹9.20 Cr
OFS Issue Size		2,22,400 shares
OFS Issue Size (Amount)		up to ₹2.22 Cr
Issue Size Total	24,25,000 shares	11,42,400 shares
Issue Size Total (Amount)	up to ₹32.74 Cr	up to ₹11.42 Cr

IPO Timetable

Sahana System IPO opens on May 31, 2023, while Urban Enviro Waste Management IPO opens on Jun 12, 2023. The closing date of Sahana System IPO and Urban Enviro Waste Management IPO is Jun 02, 2023, and Jun 14, 2023, respectively.

	Sahana System IPO	Urban Enviro Waste Management IPO
Anchor Bid Date
Issue Open	May 31, 2023	Jun 12, 2023
Issue Close	Jun 02, 2023	Jun 14, 2023
Basis Of Allotment (Tentative)	Jun 07, 2023	Jun 19, 2023
Initiation of Refunds (Tentative)	Jun 08, 2023	Jun 20, 2023
Credit of Share (Tentative)	Jun 09, 2023	Jun 21, 2023
Listing date (Tentative)	Jun 12, 2023	Jun 22, 2023
Anchor Lockin End date 1	Jul 07, 2023	Jul 19, 2023
Anchor Lockin End date 2	Sep 05, 2023	Sep 17, 2023

Financials

Sahana System IPO P/E ratio is 16.88, as compared to Urban Enviro Waste Management IPO P/E ratio of 30.49.

Sahana System IPO

Urban Enviro Waste Management IPO

Financial

Sahana System Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	772.93	331.47	16.44	17.44	16.44	723.25
31-Mar-22	1,498.91	1,217.39	141.18	452.06	142.53	512.59
31-Mar-23	2,417.82	2,414.23	639.64	1,079.71	522.56	477.04
Amount in ₹ Lakhs

Urban Enviro Waste Management Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	751.08	1,279.82	75.07	105.00	104.00	96.24
31-Mar-21	701.25	1,587.48	82.88	187.88	186.88	186.23
31-Mar-22	2,115.98	1,977.36	129.35	317.23	316.23	1,218.11
31-Dec-22	2,333.27	2,646.80	106.42	423.65	82.65	1,213.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.25%

Promoter Shareholding (Post-Issue)

59.06

P/E Ratio

16.88

30.49

Market Cap

₹107.95 Cr.

ROE

83.52%%

ROCE

61.05%%

Debt/Equity

0.44

EPS

₹11.48

₹3.07

RoNW

59.24%%

47.01%%

Shares Offered

In the Sahana System IPO retail investors (RII) are offered 10,35,000 shares while in Urban Enviro Waste Management IPO retail investors are offered 10,35,000 shares. Qualified institutional buyers (QIB) are offered 2,30,000 shares in Sahana System IPO and 0 shares in Urban Enviro Waste Management IPO.

	Sahana System IPO	Urban Enviro Waste Management IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,25,000 shares	57,600 shares
QIB	2,30,000 shares	0 shares
NII	10,35,000 shares	5,42,400 shares
RII	10,35,000 shares	5,42,400 shares
Employee	0 shares	0 shares
Others
Total	23,00,000 shares	10,84,800 shares

Bids Received (Subscription)

Sahana System IPO subscribed 9.99x in total, whereas Urban Enviro Waste Management IPO subscribed 255.49x.

	Sahana System IPO	Urban Enviro Waste Management IPO
QIB (times)	9.70x
NII (times)	7.07x	281.41x
Big NII (times)
Small NII (times)
RII (times)	12.97x	220.65x
Employee (times)
Other (times)
Total (times)	9.99x	255.49x

Compare with others

Sahana System IPO	Urban Enviro Waste Management IPO
Bizotic Commercial IPO	Aatmaj Healthcare IPO
Urban Enviro Waste Management IPO	Essen Speciality Films IPO
Cosmic CRF IPO	Vilin Bio Med IPO
Sonalis Consumer Products IPO	Cell Point (India) IPO
Kore Digital IPO	Bizotic Commercial IPO
CFF Fluid Control IPO	Cosmic CRF IPO
Comrade Appliances IPO	Sonalis Consumer Products IPO
Infollion Research Services IPO	Kore Digital IPO
Proventus Agrocom IPO	Sahana System IPO
Hemant Surgical Industries IPO	CFF Fluid Control IPO

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