Sanstar IPO vs Vraj Iron and Steel IPO

Comparision between Sanstar IPO and Vraj Iron and Steel IPO.

IPO Details

Sanstar IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Sanstar IPO	Vraj Iron and Steel 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	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of Sanstar IPO is ₹95.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	Sanstar IPO	Vraj Iron and Steel IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹195.00 per share
Issue Price (Upper)	₹95.00 per share	₹207.00 per share
Issue Price (Final)	₹95.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	72 shares
Fresh Issue Size	4,18,00,000 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹397.10 Cr	up to ₹171.00 Cr
OFS Issue Size	1,19,00,000 shares
OFS Issue Size (Amount)	up to ₹113.05 Cr
Issue Size Total	5,37,00,000 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹510.15 Cr	up to ₹171.00 Cr

IPO Timetable

Sanstar IPO opens on Jul 19, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of Sanstar IPO and Vraj Iron and Steel IPO is Jul 23, 2024, and Jun 28, 2024, respectively.

	Sanstar IPO	Vraj Iron and Steel IPO
Anchor Bid Date	Jul 18, 2024	Jun 25, 2024
Issue Open	Jul 19, 2024	Jun 26, 2024
Issue Close	Jul 23, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Jul 24, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jul 25, 2024	Jul 02, 2024
Credit of Share (Tentative)	Jul 25, 2024	Jul 02, 2024
Listing date (Tentative)	Jul 26, 2024	Jul 03, 2024
Anchor Lockin End date 1	Aug 23, 2024	Jul 31, 2024
Anchor Lockin End date 2	Oct 22, 2024	Sep 29, 2024

Financials

Sanstar IPO P/E ratio is 19.98, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

Sanstar IPO

Vraj Iron and Steel 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

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Reserves and Surplus	162.78	135.97	82.19	52.85
Total Borrowing	49.30	22.98	42.51	45.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.77%

99.99%

Promoter Shareholding (Post-Issue)

70.37%

P/E Ratio

19.98

9.48

Market Cap

₹1731.32 Cr.

₹682.74 Cr.

ROE

30.92%%

23.78%%

ROCE

24.43%%

25.34%%

Debt/Equity

0.5

0.27

EPS

₹4.75

₹21.84

RoNW

30.92%%

23.78%%

Shares Offered

In the Sanstar IPO retail investors (RII) are offered 1,87,95,000 shares while in Vraj Iron and Steel 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 16,52,174 shares in Vraj Iron and Steel IPO.

	Sanstar IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	1,61,10,000 shares	24,78,259 shares
Market Maker Reserveration
QIB	1,07,40,000 shares	16,52,174 shares
NII	80,55,000 shares	12,39,130 shares
RII	1,87,95,000 shares	28,91,305 shares
Employee	0 shares	0 shares
Others
Total	3,75,90,000 shares	57,82,609 shares

Bids Received (Subscription)

Sanstar IPO subscribed 82.99x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	Sanstar IPO	Vraj Iron and Steel IPO
QIB (times)	145.68x	173.99x
NII (times)	136.49x	221.66x
Big NII (times)	149.44x	217.50x
Small NII (times)	110.61x	229.99x
RII (times)	24.23x	58.31x
Employee (times)
Other (times)
Total (times)	82.99x	126.36x

Compare with others

Sanstar IPO	Vraj Iron and Steel IPO
Orient Technologies IPO	Akums Drugs and Pharmaceuticals IPO
Unicommerce eSolutions IPO	Sanstar IPO
Brainbees Solutions (Firstcry) IPO	Bansal Wire IPO
Ceigall India IPO	Emcure Pharma IPO
Akums Drugs and Pharmaceuticals IPO	OLA Electric IPO
Bansal Wire IPO	Aasaan Loans IPO
Emcure Pharma IPO	Stanley Lifestyles IPO
OLA Electric IPO	DEE Piping Systems IPO
Vraj Iron and Steel IPO	ixigo IPO
Aasaan Loans IPO	Kronox Lab Sciences IPO

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