Sanstar IPO vs Unicommerce eSolutions IPO

Comparision between Sanstar IPO and Unicommerce eSolutions IPO.

IPO Details

Sanstar IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Unicommerce eSolutions IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Sanstar IPO	Unicommerce eSolutions IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Iifl Securities Ltd Clsa India Private Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Sanstar IPO is up to ₹510.15 Cr whereas the issue size of the Unicommerce eSolutions IPO is up to ₹276.57 Cr. The final issue price of Sanstar IPO is ₹95.00 per share and of Unicommerce eSolutions IPO is ₹108.00 per share.

	Sanstar IPO	Unicommerce eSolutions IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹90.00 per share	₹102.00 per share
Issue Price (Upper)	₹95.00 per share	₹108.00 per share
Issue Price (Final)	₹95.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	138 shares
Fresh Issue Size	4,18,00,000 shares
Fresh Issue Size (Amount)	up to ₹397.10 Cr
OFS Issue Size	1,19,00,000 shares	2,56,08,512 shares
OFS Issue Size (Amount)	up to ₹113.05 Cr	up to ₹276.57 Cr
Issue Size Total	5,37,00,000 shares	2,56,08,512 shares
Issue Size Total (Amount)	up to ₹510.15 Cr	up to ₹276.57 Cr

IPO Timetable

Sanstar IPO opens on Jul 19, 2024, while Unicommerce eSolutions IPO opens on Aug 06, 2024. The closing date of Sanstar IPO and Unicommerce eSolutions IPO is Jul 23, 2024, and Aug 08, 2024, respectively.

	Sanstar IPO	Unicommerce eSolutions IPO
Anchor Bid Date	Jul 18, 2024	Aug 05, 2024
Issue Open	Jul 19, 2024	Aug 06, 2024
Issue Close	Jul 23, 2024	Aug 08, 2024
Basis Of Allotment (Tentative)	Jul 24, 2024	Aug 09, 2024
Initiation of Refunds (Tentative)	Jul 25, 2024	Aug 12, 2024
Credit of Share (Tentative)	Jul 25, 2024	Aug 12, 2024
Listing date (Tentative)	Jul 26, 2024	Aug 13, 2024
Anchor Lockin End date 1	Aug 23, 2024	Sep 08, 2024
Anchor Lockin End date 2	Oct 22, 2024	Nov 07, 2024

Financials

Sanstar IPO P/E ratio is 19.98, as compared to Unicommerce eSolutions IPO P/E ratio of 84.59.

Sanstar IPO

Unicommerce eSolutions IPO

Financial

Sanstar Limited Financial Information (Restated Consolidated)

Sanstar Limited's revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% 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	527.57	368.35	207.45
Revenue	1,081.68	1,209.67	504.77
Profit After Tax	66.77	41.81	15.92
Net Worth	215.91	149.28	48.97
Reserves and Surplus	225.18	158.41	55.69
Total Borrowing	127.64	111.70	85.22
Amount in ₹ Crore

Unicommerce eSolutions Limited Financial Information (Restated)

Unicommerce eSolutions Limited's revenue increased by 17.71% and profit after tax (PAT) rose by 101.95% 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	109.11	81.74	59.03
Revenue	109.43	92.97	61.36
Profit After Tax	13.08	6.48	6.01
Net Worth	68.91	51.89	41.37
Reserves and Surplus	45.87	37.70	31.47
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.77%

53.38%

Promoter Shareholding (Post-Issue)

70.37%

P/E Ratio

19.98

84.59

Market Cap

₹1731.32 Cr.

₹1106.29 Cr.

ROE

30.92%%

17.36%%

ROCE

24.43%%

25.93%%

Debt/Equity

0.5

EPS

₹4.75

₹1.28

RoNW

30.92%%

18.98%%

Shares Offered

In the Sanstar IPO retail investors (RII) are offered 1,87,95,000 shares while in Unicommerce eSolutions IPO retail investors are offered 1,87,95,000 shares. Qualified institutional buyers (QIB) are offered 1,07,40,000 shares in Sanstar IPO and 76,82,554 shares in Unicommerce eSolutions IPO.

	Sanstar IPO	Unicommerce eSolutions IPO
Anchor Investor Reserveration	1,61,10,000 shares	1,15,23,831 shares
Market Maker Reserveration
QIB	1,07,40,000 shares	76,82,554 shares
NII	80,55,000 shares	38,41,276 shares
RII	1,87,95,000 shares	25,60,851 shares
Employee	0 shares	0 shares
Others
Total	3,75,90,000 shares	1,40,84,681 shares

Bids Received (Subscription)

Sanstar IPO subscribed 82.99x in total, whereas Unicommerce eSolutions IPO subscribed 168.35x.

	Sanstar IPO	Unicommerce eSolutions IPO
QIB (times)	145.68x	138.75x
NII (times)	136.49x	252.46x
Big NII (times)	149.44x	266.49x
Small NII (times)	110.61x	224.38x
RII (times)	24.23x	130.99x
Employee (times)
Other (times)
Total (times)	82.99x	168.35x

Compare with others

Sanstar IPO	Unicommerce eSolutions IPO
Orient Technologies IPO	Interarch Building Products IPO
Unicommerce eSolutions IPO	Orient Technologies IPO
Brainbees Solutions (Firstcry) IPO	Brainbees Solutions (Firstcry) IPO
Ceigall India IPO	Ceigall India IPO
Akums Drugs and Pharmaceuticals IPO	Akums Drugs and Pharmaceuticals IPO
Bansal Wire IPO	Sanstar IPO
Emcure Pharma IPO	Bansal Wire IPO
OLA Electric IPO
Vraj Iron and Steel IPO
Aasaan Loans IPO

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