Jiwanram Sheoduttrai Industries IPO vs Saroja Pharma Industries IPO

Comparision between Jiwanram Sheoduttrai Industries IPO and Saroja Pharma Industries IPO.

IPO Details

Jiwanram Sheoduttrai Industries 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.

	Jiwanram Sheoduttrai Industries IPO	Saroja Pharma Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Affinity Global Capital Market Private Limited	Swastika Investmart Ltd
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Giriraj Stock Broking Private Limited	Swastika Investmart 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 Jiwanram Sheoduttrai Industries IPO is up to ₹17.07 Cr whereas the issue size of the Saroja Pharma Industries IPO is up to ₹9.11 Cr. The final issue price of Jiwanram Sheoduttrai Industries IPO is ₹23.00 per share and of Saroja Pharma Industries IPO is ₹84.00 per share.

	Jiwanram Sheoduttrai Industries IPO	Saroja Pharma Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹23.00 per share	₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	1600 shares
Fresh Issue Size	74,22,000 shares	10,84,800 shares
Fresh Issue Size (Amount)	up to ₹17.07 Cr	up to ₹9.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	74,22,000 shares	10,84,800 shares
Issue Size Total (Amount)	up to ₹17.07 Cr	up to ₹9.11 Cr

IPO Timetable

Jiwanram Sheoduttrai Industries IPO opens on Sep 08, 2023, while Saroja Pharma Industries IPO opens on Aug 31, 2023. The closing date of Jiwanram Sheoduttrai Industries IPO and Saroja Pharma Industries IPO is Sep 12, 2023, and Sep 05, 2023, respectively.

	Jiwanram Sheoduttrai Industries IPO	Saroja Pharma Industries IPO
Anchor Bid Date
Issue Open	Sep 08, 2023	Aug 31, 2023
Issue Close	Sep 12, 2023	Sep 05, 2023
Basis Of Allotment (Tentative)	Sep 15, 2023	Sep 08, 2023
Initiation of Refunds (Tentative)	Sep 18, 2023	Sep 11, 2023
Credit of Share (Tentative)	Sep 20, 2023	Sep 12, 2023
Listing date (Tentative)	Sep 18, 2023	Sep 13, 2023
Anchor Lockin End date 1	Oct 15, 2023	Oct 08, 2023
Anchor Lockin End date 2	Dec 14, 2023	Dec 07, 2023

Financials

Jiwanram Sheoduttrai Industries IPO P/E ratio is 9.91, as compared to Saroja Pharma Industries IPO P/E ratio of 23.27.

Jiwanram Sheoduttrai Industries IPO

Saroja Pharma Industries IPO

Financial

Jiwanram Sheoduttrai Industries IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	12,104.17	11,377.25	12,112.36
Revenue	3,281.34	3,414.89	4,598.41
Profit After Tax	2.98	149.69	402.65
Net Worth	4,307.14	4,428.27	4,802.36
Reserves and Surplus	3,812.11	3,933.24	3,069.74
Total Borrowing	4,883.69	5,230.92	5,258.99

Amount in ₹ Lakhs

Saroja Pharma Industries IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	822.39	1,551.19	2,133.99
Revenue	3,674.67	5,595.67	5,035.09
Profit After Tax	73.13	114.01	106.06
Net Worth	93.59	402.60	508.66
Reserves and Surplus	92.59	380.02	215.09
Total Borrowing	301.77	613.88	1,018.86

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

70.01%

73.02%

P/E Ratio

9.91

23.27

Market Cap

₹56.92 Cr.

₹33.77 Cr.

ROE

8.38%%

0.15%%

ROCE

7.29%%

0.25%%

Debt/Equity

1.1

EPS

₹2.32

₹3.61

RoNW

8.38%%

20.85%%

Shares Offered

In the Jiwanram Sheoduttrai Industries IPO retail investors (RII) are offered 35,28,000 shares while in Saroja Pharma Industries IPO retail investors are offered 35,28,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Jiwanram Sheoduttrai Industries IPO and 0 shares in Saroja Pharma Industries IPO.

	Jiwanram Sheoduttrai Industries IPO	Saroja Pharma Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,72,000 shares	54,400 shares
QIB	0 shares	0 shares
NII	35,22,000 shares	5,15,200 shares
RII	35,28,000 shares	5,15,200 shares
Employee	0 shares	0 shares
Others
Total	70,50,000 shares	10,30,400 shares

Bids Received (Subscription)

Jiwanram Sheoduttrai Industries IPO subscribed 112.96x in total, whereas Saroja Pharma Industries IPO subscribed 8.88x.

	Jiwanram Sheoduttrai Industries IPO	Saroja Pharma Industries IPO
QIB (times)
NII (times)	69.75x	2.90x
Big NII (times)
Small NII (times)
RII (times)	151.47x	14.83x
Employee (times)
Other (times)
Total (times)	112.96x	8.88x

Compare with others

Jiwanram Sheoduttrai Industries IPO	Saroja Pharma Industries IPO
Madhusudan Masala IPO	Chavda Infra IPO
Cellecor Gadgets IPO	Jiwanram Sheoduttrai Industries IPO
Kundan Edifice IPO	Unihealth Consultancy IPO
Meson Valves India IPO	Kahan Packaging IPO
Chavda Infra IPO	Pramara Promotions IPO
Unihealth Consultancy IPO	Basilic Fly Studio IPO
Kahan Packaging IPO	C P S Shapers IPO
Pramara Promotions IPO	Mono Pharmacare IPO
Saroja Pharma Industries IPO	Sungarner Energies IPO
Basilic Fly Studio IPO	Sahaj Fashions IPO

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