BlackBuck IPO vs Sai Life Sciences IPO

Comparision between BlackBuck IPO and Sai Life Sciences IPO.

IPO Details

BlackBuck IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sai Life Sciences IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	BlackBuck IPO	Sai Life Sciences IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Morgan Stanley India Company Pvt Ltd Jm Financial Limited Iifl Securities Ltd	Kotak Mahindra Capital Company Limited Iifl Securities Ltd Jefferies India Private Limited Morgan Stanley India Company Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of BlackBuck IPO is up to ₹1,114.72 Cr whereas the issue size of the Sai Life Sciences IPO is up to ₹3,042.62 Cr. The final issue price of BlackBuck IPO is ₹273.00 per share and of Sai Life Sciences IPO is .

	BlackBuck IPO	Sai Life Sciences IPO
Face Value	₹1 per share	₹1 per share
Issue Price (Lower)	₹259.00 per share	₹522.00 per share
Issue Price (Upper)	₹273.00 per share	₹549.00 per share
Issue Price (Final)	₹273.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share
Market Lot Size	54 shares	27 shares
Fresh Issue Size	2,01,46,520 shares	1,73,04,189 shares
Fresh Issue Size (Amount)	up to ₹550.00 Cr	up to ₹950.00 Cr
OFS Issue Size	2,06,85,800 shares	3,81,16,934 shares
OFS Issue Size (Amount)	up to ₹564.72 Cr	up to ₹2,092.62 Cr
Issue Size Total	4,08,32,320 shares	5,54,21,123 shares
Issue Size Total (Amount)	up to ₹1,114.72 Cr	up to ₹3,042.62 Cr

IPO Timetable

BlackBuck IPO opens on Nov 13, 2024, while Sai Life Sciences IPO opens on Dec 11, 2024. The closing date of BlackBuck IPO and Sai Life Sciences IPO is Nov 18, 2024, and Dec 13, 2024, respectively.

	BlackBuck IPO	Sai Life Sciences IPO
Anchor Bid Date	Nov 12, 2024	Dec 10, 2024
Issue Open	Nov 13, 2024	Dec 11, 2024
Issue Close	Nov 18, 2024	Dec 13, 2024
Basis Of Allotment (Tentative)	Nov 19, 2024	Dec 16, 2024
Initiation of Refunds (Tentative)	Nov 20, 2024	Dec 17, 2024
Credit of Share (Tentative)	Nov 20, 2024	Dec 17, 2024
Listing date (Tentative)	Nov 22, 2024	Dec 18, 2024
Anchor Lockin End date 1	Dec 19, 2024	Jan 15, 2025
Anchor Lockin End date 2	Feb 17, 2025	Mar 16, 2025

Financials

BlackBuck IPO P/E ratio is -22, as compared to Sai Life Sciences IPO P/E ratio of 126.42.

BlackBuck IPO

Sai Life Sciences IPO

Financial

Zinka Logistics Solution Limited Financial Information (Restated Consolidated)

Zinka Logistics Solution Limited's revenue increased by 62.24% and profit after tax (PAT) rose by 33.24% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	629.41	654.32	654.25	899.68
Revenue	98.33	316.51	195.09	156.13
Profit After Tax	32.38	-193.95	-290.50	-284.56
Net Worth	344.98	311.29	352.66	585.08
Reserves and Surplus	339.07	311.03	66.55	377.58
Total Borrowing	161.01	173.74	165.84	199.00
Amount in ₹ Crore

Sai Life Sciences Limited Financial Information (Restated Consolidated)

Sai Life Sciences Limited's revenue increased by 20% and profit after tax (PAT) rose by 729% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,476.78	2,275.14	2,186.65	2,164.23
Revenue	693.35	1,494.27	1,245.11	897.74
Profit After Tax	28.01	82.81	9.99	6.23
Net Worth	1,044.75	974.34	887.29	877.76
Reserves and Surplus	1,025.44	953.99	867.43	859.17
Total Borrowing	764.49	710.16	699.23	751.32
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

32.91%

40.48%

Promoter Shareholding (Post-Issue)

27.84%

35.1%

P/E Ratio

-22

126.42

Market Cap

₹4817.81 Cr.

₹11418.63 Cr.

ROE

9.39%%

11.79%%

ROCE

1.50%%

15.96%%

Debt/Equity

0.47

EPS

₹-12.41

₹4.34

RoNW

9.39%%

8.13%%

Shares Offered

In the BlackBuck IPO retail investors (RII) are offered 40,80,870 shares while in Sai Life Sciences IPO retail investors are offered 40,80,870 shares. Qualified institutional buyers (QIB) are offered 1,22,42,611 shares in BlackBuck IPO and 1,10,84,225 shares in Sai Life Sciences IPO.

	BlackBuck IPO	Sai Life Sciences IPO
Anchor Investor Reserveration	1,83,63,915 shares	1,66,26,336 shares
Market Maker Reserveration
QIB	1,22,42,611 shares	1,10,84,225 shares
NII	61,21,305 shares	83,13,168 shares
RII	40,80,870 shares	1,93,97,392 shares
Employee	26,000 shares	0 shares
Others
Total	2,24,70,786 shares	3,87,94,785 shares

Bids Received (Subscription)

BlackBuck IPO subscribed 1.87x in total, whereas Sai Life Sciences IPO subscribed 1.26x.

	BlackBuck IPO	Sai Life Sciences IPO
QIB (times)	2.72x	3.20x
NII (times)	0.24x	0.60x
Big NII (times)	0.18x	0.59x
Small NII (times)	0.37x	0.63x
RII (times)	1.70x	0.42x
Employee (times)	9.86x
Other (times)
Total (times)	1.87x	1.26x

Compare with others

BlackBuck IPO	Sai Life Sciences IPO
Sai Life Sciences IPO	Indo Farm Equipment IPO
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Avanse Financial Services IPO	Vishal Mega Mart IPO
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Niva Bupa Health Insurance IPO	Property Share REIT IPO
Sagility India IPO	Enviro Infra Engineers IPO
ACME Solar Holdings IPO	BlackBuck IPO

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