Saj Hotels IPO vs Thinking Hats Entertainment Solutions IPO

Comparision between Saj Hotels IPO and Thinking Hats Entertainment Solutions IPO.

IPO Details

Saj Hotels IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thinking Hats Entertainment Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	Saj Hotels IPO	Thinking Hats Entertainment Solutions 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	Horizon Financial Pvt Ltd
Registrar	Satellite Corporate Services Private Limited	Mas Services Limited
Market Maker	Nnm Securities Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
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 Thinking Hats Entertainment Solutions IPO is up to ₹15.09 Cr. The final issue price of Saj Hotels IPO is ₹65.00 per share and of Thinking Hats Entertainment Solutions IPO is ₹44.00 per share.

	Saj Hotels IPO	Thinking Hats Entertainment Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹42.00 per share
Issue Price (Upper)		₹44.00 per share
Issue Price (Final)	₹65.00 per share	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	42,50,000 shares	34,29,000 shares
Fresh Issue Size (Amount)	up to ₹27.63 Cr	up to ₹15.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	42,50,000 shares	34,29,000 shares
Issue Size Total (Amount)	up to ₹27.63 Cr	up to ₹15.09 Cr

IPO Timetable

Saj Hotels IPO opens on Sep 27, 2024, while Thinking Hats Entertainment Solutions IPO opens on Sep 25, 2024. The closing date of Saj Hotels IPO and Thinking Hats Entertainment Solutions IPO is Oct 01, 2024, and Sep 27, 2024, respectively.

	Saj Hotels IPO	Thinking Hats Entertainment Solutions IPO
Anchor Bid Date
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
Anchor Lockin End date 2

Financials

Saj Hotels IPO P/E ratio is 21.7, as compared to Thinking Hats Entertainment Solutions IPO P/E ratio of 12.89.

Saj Hotels IPO

Thinking Hats Entertainment Solutions 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

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% 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	2,403.22	1,456.81	641.14
Revenue	2,670.1	2,227.8	1,245.2
Profit After Tax	309.16	200.79	37.21
Net Worth	1,099.86	573.26	372.47
Reserves and Surplus	1,012.28	497.01	296.22
Total Borrowing	543.46	413.65	29.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.12%

78.29%

Promoter Shareholding (Post-Issue)

61.94%

P/E Ratio

21.7

12.89

Market Cap

₹104.81 Cr.

₹54.94 Cr.

ROE

19.91%%

28.11%%

ROCE

26.36%%

29.37%%

Debt/Equity

0.17

0.49

EPS

₹3.00

₹3.41

RoNW

19.91%%

28.11%%

Shares Offered

In the Saj Hotels IPO retail investors (RII) are offered while in Thinking Hats Entertainment Solutions IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Saj Hotels IPO and 3,24,000 shares in Thinking Hats Entertainment Solutions IPO.

	Saj Hotels IPO	Thinking Hats Entertainment Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,14,000 shares	1,80,000 shares
QIB		3,24,000 shares
NII		8,76,000 shares
RII		20,49,000 shares
Employee		0 shares
Others
Total		32,49,000 shares

Bids Received (Subscription)

Saj Hotels IPO subscribed in total, whereas Thinking Hats Entertainment Solutions IPO subscribed 67.22x.

	Saj Hotels IPO	Thinking Hats Entertainment Solutions IPO
QIB (times)		20.07x
NII (times)		30.66x
Big NII (times)
Small NII (times)
RII (times)		90.30x
Employee (times)
Other (times)
Total (times)		67.22x

Compare with others

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

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