Mamaearth IPO vs Saraswati Saree Depot IPO

Comparision between Mamaearth IPO and Saraswati Saree Depot IPO.

IPO Details

Mamaearth IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Saraswati Saree Depot IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mamaearth IPO	Saraswati Saree Depot 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jm Financial Limited J.P. Morgan India Private Limited	Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mamaearth IPO is up to ₹1,701.44 Cr whereas the issue size of the Saraswati Saree Depot IPO is up to ₹160.01 Cr. The final issue price of Mamaearth IPO is ₹324.00 per share and of Saraswati Saree Depot IPO is ₹160.00 per share.

	Mamaearth IPO	Saraswati Saree Depot IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹308.00 per share	₹152.00 per share
Issue Price (Upper)	₹324.00 per share	₹160.00 per share
Issue Price (Final)	₹324.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)	₹30.00 per share
Market Lot Size	46 shares	90 shares
Fresh Issue Size	1,12,68,580 shares	64,99,800 shares
Fresh Issue Size (Amount)	up to ₹365.00 Cr	up to ₹104.00 Cr
OFS Issue Size	4,12,48,162 shares	35,01,000 shares
OFS Issue Size (Amount)	up to ₹1,336.40 Cr	up to ₹56.02 Cr
Issue Size Total	5,25,16,742 shares	1,00,00,800 shares
Issue Size Total (Amount)	up to ₹1,701.44 Cr	up to ₹160.01 Cr

IPO Timetable

Mamaearth IPO opens on Oct 31, 2023, while Saraswati Saree Depot IPO opens on Aug 12, 2024. The closing date of Mamaearth IPO and Saraswati Saree Depot IPO is Nov 02, 2023, and Aug 14, 2024, respectively.

	Mamaearth IPO	Saraswati Saree Depot IPO
Anchor Bid Date	Oct 30, 2023	Aug 09, 2024
Issue Open	Oct 31, 2023	Aug 12, 2024
Issue Close	Nov 02, 2023	Aug 14, 2024
Basis Of Allotment (Tentative)	Nov 06, 2023	Aug 16, 2024
Initiation of Refunds (Tentative)	Nov 06, 2023	Aug 19, 2024
Credit of Share (Tentative)	Nov 06, 2023	Aug 19, 2024
Listing date (Tentative)	Nov 07, 2023	Aug 20, 2024
Anchor Lockin End date 1	Dec 06, 2023	Sep 15, 2024
Anchor Lockin End date 2	Feb 04, 2024	Nov 14, 2024

Financials

Mamaearth IPO P/E ratio is , as compared to Saraswati Saree Depot IPO P/E ratio of 17.94.

Mamaearth IPO

Saraswati Saree Depot IPO

Financial

Honasa Consumer Limited Financial Information (Restated Consolidated)

Honasa Consumer Limited's revenue increased by 57.13% and profit after tax (PAT) dropped by -1145.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,048.03	966.42	1,035.01	302.64
Revenue	477.10	1,515.27	964.35	472.10
Profit After Tax	24.72	-150.97	14.44	-1,324.61
Net Worth	638.26	605.90	705.62	-1,765.14
Reserves and Surplus	-1,290.94	-1,323.32	-1,087.33
Total Borrowing	6.79	3.61	3.59
Amount in ₹ Crore

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% 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	205.94	188.85	169.93
Revenue	612.58	603.52	550.31
Profit After Tax	29.53	22.97	12.31
Net Worth	64.91	35.38	12.41
Total Borrowing	43.49	41.43	66.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

37.41%

100%

Promoter Shareholding (Post-Issue)

35.34%

74.75%

P/E Ratio

17.94

Market Cap

₹10425.00 Cr.

₹633.60 Cr.

ROE

58.88%

ROCE

64.46%

Debt/Equity

0.67

EPS

₹4.66

₹8.92

RoNW

-23.57%%

45.49%

Shares Offered

In the Mamaearth IPO retail investors (RII) are offered 52,48,272 shares while in Saraswati Saree Depot IPO retail investors are offered 52,48,272 shares. Qualified institutional buyers (QIB) are offered 1,57,44,820 shares in Mamaearth IPO and 50,00,400 shares in Saraswati Saree Depot IPO.

	Mamaearth IPO	Saraswati Saree Depot IPO
Anchor Investor Reserveration	2,36,17,228 shares
Market Maker Reserveration
QIB	1,57,44,820 shares	50,00,400 shares
NII	78,72,409 shares	15,00,120 shares
RII	52,48,272 shares	35,00,280 shares
Employee	34,013 shares	0 shares
Others
Total	2,88,99,514 shares	1,00,00,800 shares

Bids Received (Subscription)

Mamaearth IPO subscribed 7.61x in total, whereas Saraswati Saree Depot IPO subscribed 107.39x.

	Mamaearth IPO	Saraswati Saree Depot IPO
QIB (times)	11.50x	64.12x
NII (times)	4.02x	358.47x
Big NII (times)	4.85x	389.28x
Small NII (times)	2.36x	296.85x
RII (times)	1.35x	61.59x
Employee (times)	4.88x
Other (times)
Total (times)	7.61x	107.39x

Compare with others

Mamaearth IPO	Saraswati Saree Depot IPO
Fedbank Financial Services IPO	Cello World Limited IPO
Gandhar Oil Refinery India IPO	Mamaearth IPO
ASK Automotive IPO	Blue Jet Healthcare IPO
ESAF Small Finance Bank IPO	Protean eGov Technologies IPO
Cello World Limited IPO	IRM Energy IPO
Blue Jet Healthcare IPO	Plaza Wires IPO
Protean eGov Technologies IPO	Updater Services IPO
IRM Energy IPO	Valiant Laboratories IPO
Saraswati Saree Depot IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Plaza Wires IPO	JSW Infrastructure IPO

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