Khazanchi Jewellers IPO vs Service Care IPO

Comparison between Khazanchi Jewellers IPO and Service Care IPO.

IPO Details

Khazanchi Jewellers 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.

	Khazanchi Jewellers 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	Mark Corporate Advisors Pvt.Ltd.	Swastika Investmart Ltd.
Registrar	Cameo Corporate Services Ltd.	Integrated Registry Management Services Pvt.Ltd.
Market Maker	Svcm Securities Pvt.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 Khazanchi Jewellers IPO is up to ₹91.90 Cr whereas the issue size of the Service Care IPO is up to ₹19.63 Cr. The final issue price of Khazanchi Jewellers IPO is ₹140.00 per share and of Service Care IPO is ₹67.00 per share.

	Khazanchi Jewellers 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)	₹140.00 per share	₹67.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	65,64,000 shares	29,30,000 shares
Fresh Issue Size (Amount)	up to ₹91.90 Cr	up to ₹19.63 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	65,64,000 shares	29,30,000 shares
Issue Size Total (Amount)	up to ₹91.90 Cr	up to ₹19.63 Cr

IPO Timetable

Khazanchi Jewellers IPO opens on Jul 24, 2023, while Service Care IPO opens on Jul 14, 2023. The closing date of Khazanchi Jewellers IPO and Service Care IPO is Jul 28, 2023, and Jul 18, 2023, respectively.

	Khazanchi Jewellers IPO	Service Care IPO
Anchor Bid Date
Issue Open	Jul 24, 2023	Jul 14, 2023
Issue Close	Jul 28, 2023	Jul 18, 2023
Basis Of Allotment (Tentative)	Aug 02, 2023	Jul 21, 2023
Initiation of Refunds (Tentative)	Aug 03, 2023	Jul 24, 2023
Credit of Share (Tentative)	Aug 04, 2023	Jul 25, 2023
Listing date (Tentative)	Aug 07, 2023	Jul 26, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Khazanchi Jewellers IPO P/E ratio is 45.75, as compared to Service Care IPO P/E ratio of 21.2.

Khazanchi Jewellers IPO

Service Care IPO

Financials

Khazanchi Jewellers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	10,379.93	36,165.36	230.71	2,269.33	1,276.21	7,786.00
31-Mar-21	11,319.79	38,242.89	275.58	2,544.91	1,551.79	7,480.12
31-Mar-22	12,436.20	25,799.75	326.62	2,871.53	1,878.41	8,412.38
31-Mar-23	14,506.80	48,181.65	756.49	3,604.99	2,611.87	8,462.47
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)

P/E Ratio

45.75

21.2

Market Cap

₹346.46 Cr.

₹77.04 Cr.

ROE

20.98

0.34

ROCE

18.91

0.37

Debt/Equity

1.45

EPS

₹7.62

₹1744.81

RoNW

20.98%

26.65

Shares Offered

In the Khazanchi Jewellers IPO Retail Individual Investors (RII) are offered 32,82,000 shares while in Service Care IPO retail investors are offered 32,82,000 shares. Qualified Institutional Buyers (QIB) are offered in Khazanchi Jewellers IPO and 2,94,000 shares in Service Care IPO.

	Khazanchi Jewellers IPO	Service Care IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,46,000 shares	1,56,000 shares
QIB		2,94,000 shares
NII	32,82,000 shares	13,18,000 shares
RII	32,82,000 shares	13,18,000 shares
Employee
Others
Total	65,64,000 shares	29,30,000 shares

Bids Received (Subscription)

Khazanchi Jewellers IPO subscribed 1.26x in total, whereas Service Care IPO subscribed 6.44x.

	Khazanchi Jewellers IPO	Service Care IPO
QIB (times)		5.10x
NII (times)	1.74x	2.64x
Big NII (times)
Small NII (times)
RII (times)	0.78x	10.54x
Employee (times)
Other (times)
Total (times)	1.26x	6.44x

Compare with others

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Vinsys IT IPO	Khazanchi Jewellers IPO
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Service Care IPO	AccelerateBS IPO
Ahasolar Technologies IPO	Synoptics Technologies IPO
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