Sai Silks (Kalamandir) IPO vs Updater Services IPO

Comparision between Sai Silks (Kalamandir) IPO and Updater Services IPO.

IPO Details

Sai Silks (Kalamandir) IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Updater Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Sai Silks (Kalamandir) IPO	Updater Services 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	Motilal Oswal Investment Advisors Limited Hdfc Bank Limited Nuvama Wealth Management Limited	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
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 Sai Silks (Kalamandir) IPO is up to ₹1,201.00 Cr whereas the issue size of the Updater Services IPO is up to ₹640.00 Cr. The final issue price of Sai Silks (Kalamandir) IPO is ₹222.00 per share and of Updater Services IPO is ₹300.00 per share.

	Sai Silks (Kalamandir) IPO	Updater Services IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹210.00 per share	₹280.00 per share
Issue Price (Upper)	₹222.00 per share	₹300.00 per share
Issue Price (Final)	₹222.00 per share	₹300.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	67 shares	50 shares
Fresh Issue Size	2,70,27,027 shares	1,33,33,333 shares
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹400.00 Cr
OFS Issue Size	2,70,72,000 shares	80,00,000 shares
OFS Issue Size (Amount)	up to ₹601.00 Cr	up to ₹240.00 Cr
Issue Size Total	5,40,99,027 shares	2,13,33,333 shares
Issue Size Total (Amount)	up to ₹1,201.00 Cr	up to ₹640.00 Cr

IPO Timetable

Sai Silks (Kalamandir) IPO opens on Sep 20, 2023, while Updater Services IPO opens on Sep 25, 2023. The closing date of Sai Silks (Kalamandir) IPO and Updater Services IPO is Sep 22, 2023, and Sep 27, 2023, respectively.

	Sai Silks (Kalamandir) IPO	Updater Services IPO
Anchor Bid Date	Sep 18, 2023	Sep 22, 2023
Issue Open	Sep 20, 2023	Sep 25, 2023
Issue Close	Sep 22, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Sep 27, 2023	Sep 28, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Sep 29, 2023
Credit of Share (Tentative)	Oct 03, 2023	Oct 03, 2023
Listing date (Tentative)	Sep 27, 2023	Oct 04, 2023
Anchor Lockin End date 1	Oct 27, 2023	Oct 28, 2023
Anchor Lockin End date 2	Dec 26, 2023	Dec 27, 2023

Financials

Sai Silks (Kalamandir) IPO P/E ratio is 27.37, as compared to Updater Services IPO P/E ratio of 44.31.

Sai Silks (Kalamandir) IPO

Updater Services IPO

Financial

Sai Silks (Kalamandir) Limited Financial Information (Restated)

Sai Silks (Kalamandir) Limited's revenue increased by 19.94% and profit after tax (PAT) rose by 69.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	1,220.45	842.49	665.42	692.76
Revenue	1,358.92	1,133.02	679.10	1,178.62
Profit After Tax	97.59	57.69	5.13	42.10
Net Worth	397.33	300.66	242.99	231.51
Reserves and Surplus	373.27	276.60	218.93	208.05
Total Borrowing	345.50	260.49	217.22	164.70
Amount in ₹ Crore

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

95.23%

80.58%

Promoter Shareholding (Post-Issue)

60.80%

58.47%

P/E Ratio

27.37

44.31

Market Cap

₹3404.73 Cr.

₹2001.00 Cr.

ROE

27.96%%

9.40%%

ROCE

23.55%%

14.17%%

Debt/Equity

0.87

0.46

EPS

₹8.11

₹6.77

RoNW

24.56%%

9.34%%

Shares Offered

In the Sai Silks (Kalamandir) IPO retail investors (RII) are offered 1,89,34,659 shares while in Updater Services IPO retail investors are offered 1,89,34,659 shares. Qualified institutional buyers (QIB) are offered 1,08,19,807 shares in Sai Silks (Kalamandir) IPO and 64,00,000 shares in Updater Services IPO.

	Sai Silks (Kalamandir) IPO	Updater Services IPO
Anchor Investor Reserveration	1,62,29,707 shares	96,00,000 shares
Market Maker Reserveration
QIB	1,08,19,807 shares	64,00,000 shares
NII	81,14,854 shares	32,00,000 shares
RII	1,89,34,659 shares	21,33,333 shares
Employee	0 shares	0 shares
Others
Total	3,78,69,320 shares	1,17,33,333 shares

Bids Received (Subscription)

Sai Silks (Kalamandir) IPO subscribed 4.47x in total, whereas Updater Services IPO subscribed 2.96x.

	Sai Silks (Kalamandir) IPO	Updater Services IPO
QIB (times)	12.17x	4.50x
NII (times)	2.54x	0.89x
Big NII (times)	3.03x	1.07x
Small NII (times)	1.57x	0.53x
RII (times)	0.91x	1.45x
Employee (times)
Other (times)
Total (times)	4.47x	2.96x

Compare with others

Sai Silks (Kalamandir) IPO	Updater Services IPO
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Zaggle Prepaid Ocean Services IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
R R Kabel IPO	JSW Infrastructure IPO
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EMS IPO	Yatra Online IPO

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