Newjaisa Technologies IPO vs Sunita Tools IPO

Comparision between Newjaisa Technologies IPO and Sunita Tools IPO.

IPO Details

Newjaisa Technologies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sunita Tools IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Newjaisa Technologies IPO	Sunita Tools IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Indorient Financial Services Ltd	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	Ss Corporate Securities 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 Newjaisa Technologies IPO is up to ₹39.93 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Sunita Tools IPO is ₹145.00 per share.

	Newjaisa Technologies IPO	Sunita Tools IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹44.00 per share
Issue Price (Upper)	₹47.00 per share
Issue Price (Final)	₹47.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	84,96,000 shares	13,20,000 shares
Fresh Issue Size (Amount)	up to ₹39.93 Cr	up to ₹19.14 Cr
OFS Issue Size		2,00,000 shares
OFS Issue Size (Amount)		up to ₹2.90 Cr
Issue Size Total	84,96,000 shares	15,20,000 shares
Issue Size Total (Amount)	up to ₹39.93 Cr	up to ₹22.04 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Newjaisa Technologies IPO and Sunita Tools IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

	Newjaisa Technologies IPO	Sunita Tools IPO
Anchor Bid Date	Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 26, 2023
Issue Close	Sep 27, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 05, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 06, 2023
Listing date (Tentative)	Oct 05, 2023	Oct 11, 2023
Anchor Lockin End date 1	Nov 03, 2023	Nov 03, 2023
Anchor Lockin End date 2	Jan 02, 2024	Jan 02, 2024

Financials

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Sunita Tools IPO P/E ratio of 16.88.

Newjaisa Technologies IPO

Sunita Tools IPO

Financial

Newjaisa Technologies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	337.99	559.15	2,208.70
Revenue	960.71	2,792.50	4,453.23
Profit After Tax	73.36	180.19	675.57
Net Worth	74.36	254.55	930.12
Reserves and Surplus	73.36	218.55	894.12
Total Borrowing	162.64	181.82	743.70

Amount in ₹ Lakhs

Sunita Tools IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,351.82	1,422.66	2,537.71
Revenue	691.50	888.88	1,417.33
Profit After Tax	26.66	80.99	337.71
Net Worth	-348.02	-267.02	320.69
Reserves and Surplus	-528.52	-447.52	-109.81
Total Borrowing	1,334.63	1,249.16	1,659.96

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.23%

100.00%

Promoter Shareholding (Post-Issue)

72.97%

P/E Ratio

15.51

16.88

Market Cap

₹151.26 Cr.

₹81.56 Cr.

ROE

72.63%%

12.59%

ROCE

72.63%%

0.38%

Debt/Equity

5.17

EPS

₹3.03

₹13.96

RoNW

72.63%%

105.31%%

Shares Offered

In the Newjaisa Technologies IPO retail investors (RII) are offered 28,26,000 shares while in Sunita Tools IPO retail investors are offered 28,26,000 shares. Qualified institutional buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and 0 shares in Sunita Tools IPO.

	Newjaisa Technologies IPO	Sunita Tools IPO
Anchor Investor Reserveration	24,18,000 shares
Market Maker Reserveration	4,26,000 shares	78,000 shares
QIB	16,14,000 shares	0 shares
NII	12,12,000 shares	7,21,000 shares
RII	28,26,000 shares	7,21,000 shares
Employee	0 shares	0 shares
Others
Total	56,52,000 shares	14,42,000 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 6.85x in total, whereas Sunita Tools IPO subscribed 13.24x.

	Newjaisa Technologies IPO	Sunita Tools IPO
QIB (times)	1.02x
NII (times)	15.34x	5.27x
Big NII (times)
Small NII (times)
RII (times)	6.54x	21.10x
Employee (times)
Other (times)
Total (times)	6.85x	13.24x

Compare with others

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Sunita Tools IPO	Hi-Green Carbon IPO

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