AccelerateBS IPO vs Service Care IPO

Comparison between AccelerateBS IPO and Service Care IPO.

IPO Details

AccelerateBS IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Service Care IPO is a SME Bookbuilding proposed to list at NSE SME.

	AccelerateBS IPO	Service Care IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	Swastika Investmart Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Integrated Registry Management Services Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Service Care IPO is up to ₹19.63 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Service Care IPO is ₹67.00 per share.

	AccelerateBS IPO	Service Care IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹63.00 per share
Issue Price (Upper)		₹67.00 per share
Issue Price (Final)	₹90.00 per share	₹67.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	1,55,200 shares	29,30,000 shares
Fresh Issue Size (Amount)	up to ₹1.40 Cr	up to ₹19.63 Cr
OFS Issue Size	4,43,200 shares	0 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr	up to ₹0.00 Cr
Issue Size Total	5,98,400 shares	29,30,000 shares
Issue Size Total (Amount)	up to ₹5.39 Cr	up to ₹19.63 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Service Care IPO opens on Jul 14, 2023. The closing date of AccelerateBS IPO and Service Care IPO is Jul 11, 2023, and Jul 18, 2023, respectively.

	AccelerateBS IPO	Service Care IPO
Anchor Bid Date
Issue Open	Jul 06, 2023	Jul 14, 2023
Issue Close	Jul 11, 2023	Jul 18, 2023
Basis Of Allotment (Tentative)	Jul 14, 2023	Jul 21, 2023
Initiation of Refunds (Tentative)	Jul 17, 2023	Jul 24, 2023
Credit of Share (Tentative)	Jul 18, 2023	Jul 25, 2023
Listing date (Tentative)	Jul 19, 2023	Jul 26, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Service Care IPO P/E ratio of 21.2.

AccelerateBS IPO

Service Care IPO

Financials

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
Amount in ₹ Lakhs

Service Care Private Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,920.92	10,812.34	136.28	434.38	433.38	306.01
31-Mar-21	2,019.92	8,933.38	23.46	457.84	456.84	314.56
31-Mar-22	2,430.89	11,501.64	174.48	632.32	631.32	341.47
31-Jan-23	3,181.30	13,217.29	302.34	1,134.66	1,133.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

100

Promoter Shareholding (Post-Issue)

70.59

P/E Ratio

27.27

21.2

Market Cap

₹19.34 Cr.

₹77.04 Cr.

ROE

15.80%

0.34

ROCE

19.44%

0.37

Debt/Equity

0.16

EPS

₹1.38

₹1744.81

RoNW

12.77%

26.65

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Service Care IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered in AccelerateBS IPO and 2,94,000 shares in Service Care IPO.

	AccelerateBS IPO	Service Care IPO
Anchor Investor Reserveration
Market Maker Reserveration	33,600 shares	1,56,000 shares
QIB		2,94,000 shares
NII	2,99,200 shares	13,18,000 shares
RII	2,99,200 shares	13,18,000 shares
Employee
Others
Total	5,98,400 shares	29,30,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.19x in total, whereas Service Care IPO subscribed 6.44x.

	AccelerateBS IPO	Service Care IPO
QIB (times)		5.10x
NII (times)	39.25x	2.64x
Big NII (times)
Small NII (times)
RII (times)	59.11x	10.54x
Employee (times)
Other (times)
Total (times)	49.19x	6.44x

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