Sadhav Shipping IPO vs Sona Machinery IPO

Comparision between Sadhav Shipping IPO and Sona Machinery IPO.

IPO Details

Sadhav Shipping IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sona Machinery IPO is a SME Book Built Issue proposed to list at NSE SME.

	Sadhav Shipping IPO	Sona Machinery IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Isk Advisors Pvt Ltd	Hem Securities Limited
Registrar	Maashitla Securities Private Limited	Maashitla Securities Private Limited
Market Maker	Sunflower Broking Private Limited	Hem Finlease Private 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 Sadhav Shipping IPO is up to ₹38.18 Cr whereas the issue size of the Sona Machinery IPO is up to ₹51.82 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Sona Machinery IPO is ₹143.00 per share.

	Sadhav Shipping IPO	Sona Machinery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹136.00 per share
Issue Price (Upper)		₹143.00 per share
Issue Price (Final)	₹95.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	40,18,800 shares	36,24,000 shares
Fresh Issue Size (Amount)	up to ₹38.18 Cr	up to ₹51.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,18,800 shares	36,24,000 shares
Issue Size Total (Amount)	up to ₹38.18 Cr	up to ₹51.82 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Sona Machinery IPO opens on Mar 05, 2024. The closing date of Sadhav Shipping IPO and Sona Machinery IPO is Feb 27, 2024, and Mar 07, 2024, respectively.

	Sadhav Shipping IPO	Sona Machinery IPO
Anchor Bid Date		Mar 04, 2024
Issue Open	Feb 23, 2024	Mar 05, 2024
Issue Close	Feb 27, 2024	Mar 07, 2024
Basis Of Allotment (Tentative)	Feb 28, 2024	Mar 11, 2024
Initiation of Refunds (Tentative)	Feb 29, 2024	Mar 12, 2024
Credit of Share (Tentative)	Feb 29, 2024	Mar 12, 2024
Listing date (Tentative)	Mar 01, 2024	Mar 13, 2024
Anchor Lockin End date 1		Apr 10, 2024
Anchor Lockin End date 2		Jun 09, 2024

Financials

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Sona Machinery IPO P/E ratio of 18.8.

Sadhav Shipping IPO

Sona Machinery IPO

Financial

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,113.49	11,628.71	6,909.44	6,117.64
Revenue	3,385.69	7,890.59	6,977.94	6,123.67
Profit After Tax	406.97	775.44	300.93	330.77
Net Worth	4,501.44	4,094.46	3,503.51	3,205.61
Reserves and Surplus	4,206.18	3,799.21	3,208.26	2,910.36
Total Borrowing	6,681.84	5,527.45	2,083.08	1,776.04
Amount in ₹ Lakhs

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,211.30	2,858.19	1,516.58	732.21
Revenue	6,288.11	8,118.06	4,453.07	606.33
Profit After Tax	647.82	768.36	326.47	27.81
Net Worth	1,780.16	1,132.34	363.98	37.51
Reserves and Surplus	770.16	1,122.34	353.98	27.51
Total Borrowing	112.94	252.60	236.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.44%

100.00%

Promoter Shareholding (Post-Issue)

69.44%

73.59%

P/E Ratio

12.66

18.8

Market Cap

₹136.35 Cr.

₹196.25 Cr.

ROE

20.41%%

44.49%%

ROCE

14.36%%

46.61%%

Debt/Equity

0.06

EPS

₹7.50

₹7.61

RoNW

18.94%%

36.39%%

Shares Offered

In the Sadhav Shipping IPO retail investors (RII) are offered 19,08,000 shares while in Sona Machinery IPO retail investors are offered 19,08,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sadhav Shipping IPO and 6,88,000 shares in Sona Machinery IPO.

	Sadhav Shipping IPO	Sona Machinery IPO
Anchor Investor Reserveration		10,32,000 shares
Market Maker Reserveration	2,02,800 shares	1,82,000 shares
QIB	0 shares	6,88,000 shares
NII	19,08,000 shares	5,17,000 shares
RII	19,08,000 shares	12,05,000 shares
Employee	0 shares	0 shares
Others
Total	38,16,000 shares	24,10,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 135.69x in total, whereas Sona Machinery IPO subscribed 273.50x.

	Sadhav Shipping IPO	Sona Machinery IPO
QIB (times)		129.72x
NII (times)	184.58x	554.42x
Big NII (times)
Small NII (times)
RII (times)	65.52x	235.06x
Employee (times)
Other (times)
Total (times)	135.69x	273.50x

Compare with others

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Purv Flexipack IPO	V R Infraspace IPO
Deem Roll Tech IPO	Pune E-Stock Broking IPO
Zenith Drugs IPO	M.V.K. Agro Food IPO
Esconet Technologies IPO	Owais Metal and Mineral Processing IPO
Trust Fintech IPO	Purv Flexipack IPO
Interiors and More IPO	Sadhav Shipping IPO

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