Mehul Colours IPO vs Shivashrit Foods IPO

Comparison between Mehul Colours IPO and Shivashrit Foods IPO.

IPO Details

Mehul Colours IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shivashrit Foods IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Mehul Colours IPO is up to ₹20.56 Cr whereas the issue size of the Shivashrit Foods IPO is up to ₹66.51 Cr. The final issue price of Mehul Colours IPO is ₹72.00 per share and of Shivashrit Foods IPO is ₹142.00 per share.

 Mehul Colours IPOShivashrit Foods IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹68.00 per share₹135.00 per share
Issue Price (Upper)₹72.00 per share₹142.00 per share
Issue Price (Final)₹72.00 per share₹142.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size28,56,000 shares40,68,000 shares
Fresh Issue Size (Amount)up to ₹20.56 Crup to ₹57.77 Cr
OFS Issue Size0 shares6,16,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹8.75 Cr
Issue Size Total28,56,000 shares46,84,000 shares
Issue Size Total (Amount)up to ₹20.56 Crup to ₹66.51 Cr

IPO Timetable

Mehul Colours IPO opens on Jul 30, 2025, while Shivashrit Foods IPO opens on Aug 22, 2025. The closing date of Mehul Colours IPO and Shivashrit Foods IPO is Aug 01, 2025, and Aug 26, 2025, respectively.

 Mehul Colours IPOShivashrit Foods IPO
Anchor Bid DateJul 29, 2025Aug 21, 2025
Issue OpenJul 30, 2025Aug 22, 2025
Issue CloseAug 01, 2025Aug 26, 2025
Basis Of Allotment (Tentative)Aug 04, 2025Aug 28, 2025
Initiation of Refunds (Tentative)Aug 05, 2025Aug 29, 2025
Credit of Share (Tentative)Aug 05, 2025Aug 29, 2025
Listing date (Tentative)Aug 06, 2025Sep 01, 2025
Anchor Lockin End date 1Sep 02, 2025Sep 27, 2025
Anchor Lockin End date 2Nov 01, 2025Nov 26, 2025

Financials & KPIs

Mehul Colours IPO P/E ratio is 9.87, as compared to Shivashrit Foods IPO P/E ratio of 16.44.

 Mehul Colours IPOShivashrit Foods IPO
Financials

Company Financials (Restated)

Mehul Colours Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 71% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets18.9513.8710.82
Total Income23.7122.6621.37
Profit After Tax5.503.222.94
EBITDA6.884.183.97
NET Worth17.0611.568.36
Reserves and Surplus9.5211.278.07
Total Borrowing0.36
Amount in ₹ Crore

Company Financials (Restated)

Shivashrit Foods Ltd.'s revenue increased by 36% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets108.7883.0748.48
Total Income105.8577.5545.61
Profit After Tax12.0611.611.52
EBITDA23.1019.874.95
NET Worth34.6022.5410.93
Reserves and Surplus20.6417.896.28
Total Borrowing47.9636.9722.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.86100
Promoter Shareholding (Post-Issue)69.2473.01
P/E Ratio9.8716.44
Market Cap₹75.95 Cr.₹259.42 Cr.
ROE38.4642
ROCE43.5342.73
Debt/Equity1.39
EPS₹7.30₹8.64
RoNW32.2634.85

Shares Offered

In the Mehul Colours IPO Retail Individual Investors (RII) are offered 10,01,600 shares while in Shivashrit Foods IPO retail investors are offered 10,01,600 shares. Qualified Institutional Buyers (QIB) are offered 5,71,200 shares in Mehul Colours IPO and 9,36,000 shares in Shivashrit Foods IPO.

 Mehul Colours IPOShivashrit Foods IPO
Anchor Investor Reservation8,54,400 shares14,03,000 shares
Market Maker Reservation1,52,000 shares2,48,000 shares
QIB5,71,200 shares9,36,000 shares
NII4,28,800 shares7,05,000 shares
RII10,01,600 shares16,40,000 shares
Employee0 shares0 shares
Others
Total28,56,000 shares46,84,000 shares

Bids Received (Subscription)

Mehul Colours IPO subscribed 7.98x in total, whereas Shivashrit Foods IPO subscribed 2.89x.

 Mehul Colours IPOShivashrit Foods IPO
QIB (times)13.54x1.59x
NII (times)10.91x5.16x
Big NII (times)14.27x6.38x
Small NII (times)5.24x2.73x
RII (times)3.56x2.65x
Employee (times)
Other (times)
Total (times)7.98x2.89x

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