Sudarshan Pharma Industries IPO vs Systango Technologies IPO

Comparision between Sudarshan Pharma Industries IPO and Systango Technologies IPO.

IPO Details

Sudarshan Pharma Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Systango Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Sudarshan Pharma Industries IPO	Systango Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Hem Securities Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sudarshan Pharma Industries IPO is up to ₹50.10 Cr whereas the issue size of the Systango Technologies IPO is up to ₹34.82 Cr. The final issue price of Sudarshan Pharma Industries IPO is ₹73.00 per share and of Systango Technologies IPO is ₹90.00 per share.

	Sudarshan Pharma Industries IPO	Systango Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹85.00 per share
Issue Price (Upper)	₹73.00 per share	₹90.00 per share
Issue Price (Final)	₹73.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	68,62,400 shares	38,68,800 shares
Fresh Issue Size (Amount)	up to ₹50.10 Cr	up to ₹34.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,62,400 shares	38,68,800 shares
Issue Size Total (Amount)	up to ₹50.10 Cr	up to ₹34.82 Cr

IPO Timetable

Sudarshan Pharma Industries IPO opens on Mar 09, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of Sudarshan Pharma Industries IPO and Systango Technologies IPO is Mar 14, 2023, and Mar 06, 2023, respectively.

	Sudarshan Pharma Industries IPO	Systango Technologies IPO
Anchor Bid Date	Mar 08, 2023
Issue Open	Mar 09, 2023	Mar 02, 2023
Issue Close	Mar 14, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 17, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 20, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 21, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 22, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 16, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 15, 2023	Jun 08, 2023

Financials

Sudarshan Pharma Industries IPO P/E ratio is 24.33, as compared to Systango Technologies IPO P/E ratio of 15.13.

Sudarshan Pharma Industries IPO

Systango Technologies IPO

Financial

Sudarshan Pharma Industries Ltd Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	9,926.02	19,372.82	267.12	2,250.74	1,296.05	2,977.09
31-Mar-22	13,752.18	35,755.89	530.37	2,977.53	2,002.63	3,059.24
30-Sep-22	16,402.22	19,589.87	360.70	5,108.79	3,996.89	4,940.50
Amount in ₹ Lakhs

Systango Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	744.32	1,455.31	251.88	476.81	421.81
31-Mar-21	1,537.57	2,388.09	568.26	1,045.50	775.50
31-Mar-22	2,288.97	3,392.10	676.99	1,722.49	1,452.49
30-Sep-22	2,732.41	2,301.30	572.30	2,296.98	2,026.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.28%

97.73%

Promoter Shareholding (Post-Issue)

71.96%

P/E Ratio

24.33

15.13

Market Cap

₹175.68 Cr.

₹132.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sudarshan Pharma Industries IPO retail investors (RII) are offered 36,51,200 shares while in Systango Technologies IPO retail investors are offered 36,51,200 shares. Qualified institutional buyers (QIB) are offered 5,21,600 shares in Sudarshan Pharma Industries IPO and 18,33,600 shares in Systango Technologies IPO.

	Sudarshan Pharma Industries IPO	Systango Technologies IPO
Anchor Investor Reserveration	7,80,800 shares
Market Maker Reserveration	3,44,000 shares	1,96,800 shares
QIB	5,21,600 shares	18,33,600 shares
NII	19,08,800 shares	5,52,000 shares
RII	36,51,200 shares	12,86,400 shares
Employee
Others
Total	60,81,600 shares	36,72,000 shares

Bids Received (Subscription)

Sudarshan Pharma Industries IPO subscribed 1.06x in total, whereas Systango Technologies IPO subscribed 64.99x.

	Sudarshan Pharma Industries IPO	Systango Technologies IPO
QIB (times)	1.01x	14.10x
NII (times)	0.81x	230.36x
Big NII (times)
Small NII (times)
RII (times)	1.20x	66.59x
Employee (times)
Other (times)
Total (times)	1.06x	64.99x

Compare with others

Sudarshan Pharma Industries IPO	Systango Technologies IPO
Labelkraft Technologies IPO	Prospect Commodities IPO
VELS Film International IPO	Quality Foils (India) IPO
Bright Outdoor Media IPO	Sudarshan Pharma Industries IPO
Prospect Commodities IPO	Vertexplus Technologies IPO
Quality Foils (India) IPO	MCON Rasayan IPO
Vertexplus Technologies IPO	Amanaya Ventures IPO
MCON Rasayan IPO	ResGen IPO
Systango Technologies IPO	Srivasavi Adhesive Tapes IPO
Amanaya Ventures IPO	SVJ Enterprises IPO
ResGen IPO	Sealmatic India IPO

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