Sabar Flex India IPO vs Tapi Fruit Processing IPO

Comparision between Sabar Flex India IPO and Tapi Fruit Processing IPO.

IPO Details

Sabar Flex India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Tapi Fruit Processing IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sabar Flex India IPO	Tapi Fruit Processing 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	GYR Capital Advisors Private Limited	Fedex Securities�Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Sabar Flex India IPO is up to ₹4.48 Cr whereas the issue size of the Tapi Fruit Processing IPO is up to ₹5.21 Cr. The final issue price of Sabar Flex India IPO is ₹11.00 per share and of Tapi Fruit Processing IPO is ₹48.00 per share.

	Sabar Flex India IPO	Tapi Fruit Processing IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹11.00 per share	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	3000 shares
Fresh Issue Size	40,70,000 shares	10,86,000 shares
Fresh Issue Size (Amount)	up to ₹4.48 Cr	up to ₹5.21 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,70,000 shares	10,86,000 shares
Issue Size Total (Amount)	up to ₹4.48 Cr	up to ₹5.21 Cr

IPO Timetable

Sabar Flex India IPO opens on Sep 08, 2022, while Tapi Fruit Processing IPO opens on Sep 12, 2022. The closing date of Sabar Flex India IPO and Tapi Fruit Processing IPO is Sep 13, 2022, and Sep 14, 2022, respectively.

	Sabar Flex India IPO	Tapi Fruit Processing IPO
Anchor Bid Date
Issue Open	Sep 08, 2022	Sep 12, 2022
Issue Close	Sep 13, 2022	Sep 14, 2022
Basis Of Allotment (Tentative)	Sep 16, 2022	Sep 19, 2022
Initiation of Refunds (Tentative)	Sep 19, 2022	Sep 20, 2022
Credit of Share (Tentative)	Sep 20, 2022	Sep 21, 2022
Listing date (Tentative)	Sep 21, 2022	Sep 22, 2022
Anchor Lockin End date 1	Oct 16, 2022	Oct 19, 2022
Anchor Lockin End date 2	Dec 15, 2022	Dec 18, 2022

Financials

Sabar Flex India IPO P/E ratio is 9.48, as compared to Tapi Fruit Processing IPO P/E ratio of 120.

Sabar Flex India IPO

Tapi Fruit Processing IPO

Financial

Sabar Flex India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	4090.92	6364.32	89.8	1258.44	158.49
31-Mar-21	5162.08	7397.88	139.84	1398.28	298.33
31-Mar-22	5187.24	7237.01	174.28	1572.56	472.61
Amount in ₹ Lakhs

Tapi Fruit Processing Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	589.18	1145.69	-0.86	17.36	-7.64
31-Mar-21	737.4	1312.5	10.06	27.42	2.42
31-Mar-22	802.88	1522.09	15.6	43.02	18.02
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

53.25%

99.94%

Promoter Shareholding (Post-Issue)

39.00%

P/E Ratio

9.48

120

Market Cap

₹16.58 Cr.

₹18.79 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sabar Flex India IPO retail investors (RII) are offered 19,30,000 shares while in Tapi Fruit Processing IPO retail investors are offered 19,30,000 shares. Qualified institutional buyers (QIB) are offered in Sabar Flex India IPO and in Tapi Fruit Processing IPO.

	Sabar Flex India IPO	Tapi Fruit Processing IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,10,000 shares	60 shares
QIB
NII	19,30,000 shares	5,13,000 shares
RII	19,30,000 shares	5,13,000 shares
Employee
Others
Total	38,60,000 shares	10,26,000 shares

Bids Received (Subscription)

Sabar Flex India IPO subscribed 85.47x in total, whereas Tapi Fruit Processing IPO subscribed 2.62x.

	Sabar Flex India IPO	Tapi Fruit Processing IPO
QIB (times)
NII (times)	116.46x	1.93x
Big NII (times)
Small NII (times)
RII (times)	54.47x	3.32x
Employee (times)
Other (times)
Total (times)	85.47x	2.62x

Compare with others

Sabar Flex India IPO	Tapi Fruit Processing IPO
Maks Energy IPO	Insolation Energy IPO
Varanium Cloud IPO	Containe Technologies IPO
Tapi Fruit Processing IPO	Kandarp Digi Smart BPO IPO
Annapurna Swadisht IPO	Maks Energy IPO
Ishan International IPO	Varanium Cloud IPO
Shantidoot Infra Services IPO	Annapurna Swadisht IPO
Mega Flex Plastics IPO	Ishan International IPO
Viviana Power Tech IPO	Sabar Flex India IPO
Virtuoso Optoelectronics IPO	Shantidoot Infra Services IPO
EP Biocomposites IPO	Mega Flex Plastics IPO

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