Saj Hotels IPO vs TechEra Engineering IPO

Comparision between Saj Hotels IPO and TechEra Engineering IPO.

IPO Details

Saj Hotels IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TechEra Engineering IPO is a SME Book Built Issue proposed to list at NSE SME.

	Saj Hotels IPO	TechEra Engineering 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	Corpwis Advisors Private Limited	SKI Capital Services Limited
Registrar	Satellite Corporate Services Private Limited	Kfin Technologies Limited
Market Maker	Nnm Securities Private Limited	SKI Capital Services 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 Saj Hotels IPO is up to ₹27.63 Cr whereas the issue size of the TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Saj Hotels IPO is ₹65.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

	Saj Hotels IPO	TechEra Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹75.00 per share
Issue Price (Upper)		₹82.00 per share
Issue Price (Final)	₹65.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	42,50,000 shares	43,77,600 shares
Fresh Issue Size (Amount)	up to ₹27.63 Cr	up to ₹35.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	42,50,000 shares	43,77,600 shares
Issue Size Total (Amount)	up to ₹27.63 Cr	up to ₹35.90 Cr

IPO Timetable

Saj Hotels IPO opens on Sep 27, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Saj Hotels IPO and TechEra Engineering IPO is Oct 01, 2024, and Sep 27, 2024, respectively.

	Saj Hotels IPO	TechEra Engineering IPO
Anchor Bid Date		Sep 24, 2024
Issue Open	Sep 27, 2024	Sep 25, 2024
Issue Close	Oct 01, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 03, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 04, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 04, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 07, 2024	Oct 03, 2024
Anchor Lockin End date 1		Oct 30, 2024
Anchor Lockin End date 2		Dec 29, 2024

Financials

Saj Hotels IPO P/E ratio is 21.7, as compared to TechEra Engineering IPO P/E ratio of 20.65.

Saj Hotels IPO

TechEra Engineering IPO

Financial

Saj Hotels Limited Financial Information (Restated Consolidated)

Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,808.46	9,892.53	9,626.45	3,286.02
Revenue	1,455.49	1,282.19	1,287.90	812.14
Profit After Tax	344.68	355.76	144.25	-120.18
Net Worth	1,734.49	1,316.84	891.08	754.46
Reserves and Surplus	7,721.70	8,325.19	7,977.20	1,748.59
Total Borrowing	291.52	614.14	1,053.54	938.51
Amount in ₹ Lakhs

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

84.12%

57.48%

Promoter Shareholding (Post-Issue)

61.94%

P/E Ratio

21.7

20.65

Market Cap

₹104.81 Cr.

₹135.47 Cr.

ROE

19.91%%

30.33%%

ROCE

26.36%%

23..47%%

Debt/Equity

0.17

0.9

EPS

₹3.00

₹3.97

RoNW

19.91%%

30.33%%

Shares Offered

In the Saj Hotels IPO retail investors (RII) are offered 20,18,000 shares while in TechEra Engineering IPO retail investors are offered 20,18,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Saj Hotels IPO and 8,32,000 shares in TechEra Engineering IPO.

	Saj Hotels IPO	TechEra Engineering IPO
Anchor Investor Reserveration		12,46,400 shares
Market Maker Reserveration	2,14,000 shares	2,19,200 shares
QIB	0 shares	8,32,000 shares
NII	20,18,000 shares	6,24,000 shares
RII	20,18,000 shares	14,56,000 shares
Employee	0 shares	0 shares
Others
Total	40,36,001 shares	29,12,000 shares

Bids Received (Subscription)

Saj Hotels IPO subscribed 5.46x in total, whereas TechEra Engineering IPO subscribed 69.80x.

	Saj Hotels IPO	TechEra Engineering IPO
QIB (times)		31.22x
NII (times)	2.12x	128.88x
Big NII (times)
Small NII (times)
RII (times)	8.65x	66.52x
Employee (times)
Other (times)
Total (times)	5.46x	69.80x

Compare with others

Saj Hotels IPO	TechEra Engineering IPO
Paramount Dye Tec IPO	Forge Auto International IPO
HVAX Technologies IPO	Sahasra Electronics Solutions IPO
Nexxus Petro Industries IPO	Saj Hotels IPO
Forge Auto International IPO	Thinking Hats Entertainment Solutions IPO
Sahasra Electronics Solutions IPO	Unilex Colours and Chemicals IPO
Thinking Hats Entertainment Solutions IPO	Divyadhan Recycling Industries IPO
Unilex Colours and Chemicals IPO	Kalana Ispat IPO
TechEra Engineering IPO	Avi Ansh Textile IPO
Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
Kalana Ispat IPO	Phoenix Overseas IPO

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