Saraswati Saree Depot IPO vs Updater Services IPO

Comparision between Saraswati Saree Depot IPO and Updater Services IPO.

IPO Details

Saraswati Saree Depot IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Updater Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Saraswati Saree Depot IPO	Updater Services 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	Unistone Capital Pvt Ltd	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
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 Saraswati Saree Depot IPO is up to ₹160.01 Cr whereas the issue size of the Updater Services IPO is up to ₹640.00 Cr. The final issue price of Saraswati Saree Depot IPO is ₹160.00 per share and of Updater Services IPO is ₹300.00 per share.

	Saraswati Saree Depot IPO	Updater Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹152.00 per share	₹280.00 per share
Issue Price (Upper)	₹160.00 per share	₹300.00 per share
Issue Price (Final)	₹160.00 per share	₹300.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	90 shares	50 shares
Fresh Issue Size	64,99,800 shares	1,33,33,333 shares
Fresh Issue Size (Amount)	up to ₹104.00 Cr	up to ₹400.00 Cr
OFS Issue Size	35,01,000 shares	80,00,000 shares
OFS Issue Size (Amount)	up to ₹56.02 Cr	up to ₹240.00 Cr
Issue Size Total	1,00,00,800 shares	2,13,33,333 shares
Issue Size Total (Amount)	up to ₹160.01 Cr	up to ₹640.00 Cr

IPO Timetable

Saraswati Saree Depot IPO opens on Aug 12, 2024, while Updater Services IPO opens on Sep 25, 2023. The closing date of Saraswati Saree Depot IPO and Updater Services IPO is Aug 14, 2024, and Sep 27, 2023, respectively.

	Saraswati Saree Depot IPO	Updater Services IPO
Anchor Bid Date	Aug 09, 2024	Sep 22, 2023
Issue Open	Aug 12, 2024	Sep 25, 2023
Issue Close	Aug 14, 2024	Sep 27, 2023
Basis Of Allotment (Tentative)	Aug 16, 2024	Sep 28, 2023
Initiation of Refunds (Tentative)	Aug 19, 2024	Sep 29, 2023
Credit of Share (Tentative)	Aug 19, 2024	Oct 03, 2023
Listing date (Tentative)	Aug 20, 2024	Oct 04, 2023
Anchor Lockin End date 1	Sep 15, 2024	Oct 28, 2023
Anchor Lockin End date 2	Nov 14, 2024	Dec 27, 2023

Financials

Saraswati Saree Depot IPO P/E ratio is 17.94, as compared to Updater Services IPO P/E ratio of 44.31.

Saraswati Saree Depot IPO

Updater Services IPO

Financial

Saraswati Saree Depot Limited Financial Information (Restated Consolidated)

Saraswati Saree Depot Limited's revenue increased by 2% and profit after tax (PAT) rose by 29% 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	205.94	188.85	169.93
Revenue	612.58	603.52	550.31
Profit After Tax	29.53	22.97	12.31
Net Worth	64.91	35.38	12.41
Total Borrowing	43.49	41.43	66.62
Amount in ₹ Crore

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

80.58%

Promoter Shareholding (Post-Issue)

74.75%

58.47%

P/E Ratio

17.94

44.31

Market Cap

₹633.60 Cr.

₹2001.00 Cr.

ROE

58.88%

9.40%%

ROCE

64.46%

14.17%%

Debt/Equity

0.67

0.46

EPS

₹8.92

₹6.77

RoNW

45.49%

9.34%%

Shares Offered

In the Saraswati Saree Depot IPO retail investors (RII) are offered 35,00,280 shares while in Updater Services IPO retail investors are offered 35,00,280 shares. Qualified institutional buyers (QIB) are offered 50,00,400 shares in Saraswati Saree Depot IPO and 64,00,000 shares in Updater Services IPO.

	Saraswati Saree Depot IPO	Updater Services IPO
Anchor Investor Reserveration		96,00,000 shares
Market Maker Reserveration
QIB	50,00,400 shares	64,00,000 shares
NII	15,00,120 shares	32,00,000 shares
RII	35,00,280 shares	21,33,333 shares
Employee	0 shares	0 shares
Others
Total	1,00,00,800 shares	1,17,33,333 shares

Bids Received (Subscription)

Saraswati Saree Depot IPO subscribed 107.39x in total, whereas Updater Services IPO subscribed 2.96x.

	Saraswati Saree Depot IPO	Updater Services IPO
QIB (times)	64.12x	4.50x
NII (times)	358.47x	0.89x
Big NII (times)	389.28x	1.07x
Small NII (times)	296.85x	0.53x
RII (times)	61.59x	1.45x
Employee (times)
Other (times)
Total (times)	107.39x	2.96x

Compare with others

Saraswati Saree Depot IPO	Updater Services IPO
Cello World Limited IPO	Blue Jet Healthcare IPO
Mamaearth IPO	Protean eGov Technologies IPO
Blue Jet Healthcare IPO	IRM Energy IPO
Protean eGov Technologies IPO	Saraswati Saree Depot IPO
IRM Energy IPO	Plaza Wires IPO
Plaza Wires IPO	Valiant Laboratories IPO
Updater Services IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Valiant Laboratories IPO	JSW Infrastructure IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
JSW Infrastructure IPO	Yatra Online IPO

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