Shelter Pharma IPO vs Sungarner Energies IPO

Comparision between Shelter Pharma IPO and Sungarner Energies IPO.

IPO Details

Shelter Pharma IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sungarner Energies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Shelter Pharma IPO	Sungarner Energies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Fast Track Finsec Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Gretex Share Broking Private Limited	Nikunj Stock Brokers 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 Shelter Pharma IPO is up to ₹16.03 Cr whereas the issue size of the Sungarner Energies IPO is up to ₹5.31 Cr. The final issue price of Shelter Pharma IPO is ₹42.00 per share and of Sungarner Energies IPO is ₹83.00 per share.

	Shelter Pharma IPO	Sungarner Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	38,16,000 shares	6,40,000 shares
Fresh Issue Size (Amount)	up to ₹16.03 Cr	up to ₹5.31 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,16,000 shares	6,40,000 shares
Issue Size Total (Amount)	up to ₹16.03 Cr	up to ₹5.31 Cr

IPO Timetable

Shelter Pharma IPO opens on Aug 10, 2023, while Sungarner Energies IPO opens on Aug 21, 2023. The closing date of Shelter Pharma IPO and Sungarner Energies IPO is Aug 14, 2023, and Aug 23, 2023, respectively.

	Shelter Pharma IPO	Sungarner Energies IPO
Anchor Bid Date
Issue Open	Aug 10, 2023	Aug 21, 2023
Issue Close	Aug 14, 2023	Aug 23, 2023
Basis Of Allotment (Tentative)	Aug 18, 2023	Aug 28, 2023
Initiation of Refunds (Tentative)	Aug 21, 2023	Aug 29, 2023
Credit of Share (Tentative)	Aug 22, 2023	Aug 30, 2023
Listing date (Tentative)	Aug 23, 2023	Aug 31, 2023
Anchor Lockin End date 1	Sep 17, 2023	Sep 27, 2023
Anchor Lockin End date 2	Nov 16, 2023	Nov 26, 2023

Financials

Shelter Pharma IPO P/E ratio is 5.62, as compared to Sungarner Energies IPO P/E ratio of 13.07.

Shelter Pharma IPO

Sungarner Energies IPO

Financial

Shelter Pharma IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,020.24	1,283.93	2,144.90
Revenue	2,248.86	3,005.84	3,615.51
Profit After Tax	-23.88	183.70	578.33
Net Worth	711.17	880.42	1,451.06
Reserves and Surplus	667.40	844.45	676.68
Total Borrowing	0.46	13.12	178.41

Amount in ₹ Lakhs

Sungarner Energies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	318.19	536.27	1,014.67
Revenue	536.43	797.66	1,765.33
Profit After Tax	15.72	57.50	74.31
Net Worth	98.73	156.23	320.54
Reserves and Surplus	52.23	109.73	152.66
Total Borrowing	103.78	226.62	424.11

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.92%

84.94%

Promoter Shareholding (Post-Issue)

56.89%

61.49%

P/E Ratio

5.62

13.07

Market Cap

₹48.55 Cr.

₹19.25 Cr.

ROE

31.17%%

ROCE

25.28%%

Debt/Equity

1.32

EPS

₹7.47

₹6.35

RoNW

39.86%%

23.18%%

Shares Offered

In the Shelter Pharma IPO retail investors (RII) are offered 18,12,000 shares while in Sungarner Energies IPO retail investors are offered 18,12,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Shelter Pharma IPO and 0 shares in Sungarner Energies IPO.

	Shelter Pharma IPO	Sungarner Energies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,94,000 shares	57,600 shares
QIB	0 shares	0 shares
NII	18,10,000 shares	2,91,200 shares
RII	18,12,000 shares	2,91,200 shares
Employee	0 shares	0 shares
Others
Total	34,30,000 shares	5,82,400 shares

Bids Received (Subscription)

Shelter Pharma IPO subscribed 15.25x in total, whereas Sungarner Energies IPO subscribed 152.40x.

	Shelter Pharma IPO	Sungarner Energies IPO
QIB (times)
NII (times)	6.59x	110.59x
Big NII (times)
Small NII (times)
RII (times)	22.28x	192.93x
Employee (times)
Other (times)
Total (times)	15.25x	152.40x

Compare with others

Shelter Pharma IPO	Sungarner Energies IPO
Sungarner Energies IPO	Pramara Promotions IPO
Sahaj Fashions IPO	Saroja Pharma Industries IPO
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Crop Life Science IPO	Mono Pharmacare IPO
Sangani Hospitals IPO	Sahaj Fashions IPO
Yudiz Solutions IPO	Shoora Designs IPO
Zeal Global Services IPO	Bondada Engineering IPO
Oriana Power IPO	Crop Life Science IPO
Innovatus Entertainment Networks IPO	Shelter Pharma IPO

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