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Chavda Infra IPO vs Saroja Pharma Industries IPO

Comparision between Chavda Infra IPO and Saroja Pharma Industries IPO.

IPO Details

Chavda Infra IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Saroja Pharma Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Chavda Infra IPO Saroja Pharma Industries IPO
Logo Chavda Infra IPO Logo Saroja Pharma Industries 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 Beeline Capital Advisors Pvt Ltd Swastika Investmart Ltd
Registrar Kfin Technologies Limited Kfin Technologies Limited
Market Maker Spread X Securities Private Limited Swastika Investmart Limited
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 Chavda Infra IPO is up to ₹43.26 Cr whereas the issue size of the Saroja Pharma Industries IPO is up to ₹9.11 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Saroja Pharma Industries IPO is ₹84.00 per share.

  Chavda Infra IPO Saroja Pharma Industries IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹60.00 per share
Issue Price (Upper) ₹65.00 per share
Issue Price (Final) ₹65.00 per share ₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 66,56,000 shares 10,84,800 shares
Fresh Issue Size (Amount) up to ₹43.26 Cr up to ₹9.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 66,56,000 shares 10,84,800 shares
Issue Size Total (Amount) up to ₹43.26 Cr up to ₹9.11 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Saroja Pharma Industries IPO opens on Aug 31, 2023. The closing date of Chavda Infra IPO and Saroja Pharma Industries IPO is Sep 14, 2023, and Sep 05, 2023, respectively.

  Chavda Infra IPO Saroja Pharma Industries IPO
Anchor Bid Date Sep 11, 2023
Issue Open Sep 12, 2023 Aug 31, 2023
Issue Close Sep 14, 2023 Sep 05, 2023
Basis Of Allotment (Tentative) Sep 20, 2023 Sep 08, 2023
Initiation of Refunds (Tentative) Sep 21, 2023 Sep 11, 2023
Credit of Share (Tentative) Sep 22, 2023 Sep 12, 2023
Listing date (Tentative) Sep 25, 2023 Sep 13, 2023
Anchor Lockin End date 1 Oct 20, 2023 Oct 08, 2023
Anchor Lockin End date 2 Dec 19, 2023 Dec 07, 2023

Financials

Chavda Infra IPO P/E ratio is 9.72, as compared to Saroja Pharma Industries IPO P/E ratio of 23.27.

  Chavda Infra IPO Saroja Pharma Industries IPO
Financial
Chavda Infra IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets8,668.1110,880.7915,424.40
Revenue9,131.0510,987.6816,203.37
Profit After Tax443.84521.461,204.62
Net Worth1,314.281,835.743,040.36
Reserves and Surplus1,164.281,685.741,240.36
Total Borrowing3,330.324,993.145,328.95
Amount in ₹ Lakhs
Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets822.391,551.192,133.99
Revenue3,674.675,595.675,035.09
Profit After Tax73.13114.01106.06
Net Worth93.59402.60508.66
Reserves and Surplus92.59380.02215.09
Total Borrowing301.77613.881,018.86
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 73% 73.02%
P/E Ratio 9.72 23.27
Market Cap ₹160.26 Cr. ₹33.77 Cr.
ROE 49.41%% 0.15%%
ROCE 43.62%% 0.25%%
Debt/Equity 1.75 2
EPS ₹6.69 ₹3.61
RoNW 39.62%% 20.85%%

Shares Offered

In the Chavda Infra IPO retail investors (RII) are offered 22,12,000 shares while in Saroja Pharma Industries IPO retail investors are offered 22,12,000 shares. Qualified institutional buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and 0 shares in Saroja Pharma Industries IPO.

  Chavda Infra IPO Saroja Pharma Industries IPO
Anchor Investor Reserveration 18,96,000 shares
Market Maker Reserveration 3,36,000 shares 54,400 shares
QIB 12,64,000 shares 0 shares
NII 9,48,000 shares 5,15,200 shares
RII 22,12,000 shares 5,15,200 shares
Employee 0 shares 0 shares
Others
Total 44,24,000 shares 10,30,400 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Saroja Pharma Industries IPO subscribed 8.88x.

  Chavda Infra IPO Saroja Pharma Industries IPO
QIB (times) 95.10x
NII (times) 241.96x 2.90x
Big NII (times)
Small NII (times)
RII (times) 202.07x 14.83x
Employee (times)
Other (times)
Total (times) 180.06x 8.88x

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