Service Care IPO vs Srivari Spices IPO

Comparison between Service Care IPO and Srivari Spices IPO.

IPO Details

Service Care IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Srivari Spices IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Service Care IPO is up to ₹19.63 Cr whereas the issue size of the Srivari Spices IPO is up to ₹8.54 Cr. The final issue price of Service Care IPO is ₹67.00 per share and of Srivari Spices IPO is ₹42.00 per share.

 Service Care IPOSrivari Spices IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹63.00 per share₹40.00 per share
Issue Price (Upper)₹67.00 per share₹42.00 per share
Issue Price (Final)₹67.00 per share₹42.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size29,30,000 shares20,34,000 shares
Fresh Issue Size (Amount)up to ₹19.63 Crup to ₹8.54 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total29,30,000 shares20,34,000 shares
Issue Size Total (Amount)up to ₹19.63 Crup to ₹8.54 Cr

IPO Timetable

Service Care IPO opens on Jul 14, 2023, while Srivari Spices IPO opens on Aug 07, 2023. The closing date of Service Care IPO and Srivari Spices IPO is Jul 18, 2023, and Aug 09, 2023, respectively.

 Service Care IPOSrivari Spices IPO
Anchor Bid DateAug 04, 2023
Issue OpenJul 14, 2023Aug 07, 2023
Issue CloseJul 18, 2023Aug 09, 2023
Basis Of Allotment (Tentative)Jul 21, 2023Aug 14, 2023
Initiation of Refunds (Tentative)Jul 24, 2023Aug 16, 2023
Credit of Share (Tentative)Jul 25, 2023Aug 17, 2023
Listing date (Tentative)Jul 26, 2023Aug 18, 2023
Anchor Lockin End date 1Sep 13, 2023
Anchor Lockin End date 2Nov 12, 2023

Financials & KPIs

Service Care IPO P/E ratio is 21.2, as compared to Srivari Spices IPO P/E ratio of 9.59.

 Service Care IPOSrivari Spices IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets31.8124.3120.2019.21
Total Income132.17115.0289.33108.12
Profit After Tax3.021.740.231.36
NET Worth11.356.324.584.34
Reserves and Surplus11.336.314.574.33
Total Borrowing3.413.153.06
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets25.6810.686.272.36
Total Income35.8217.6411.400.19
Profit After Tax3.130.730.35-0.11
NET Worth9.105.004.271.78
Reserves and Surplus4.100.970.25-0.11
Total Borrowing12.842.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10099.90
Promoter Shareholding (Post-Issue)
P/E Ratio21.29.59
Market Cap₹77.04 Cr.₹30.00 Cr.
ROE3244.35
ROCE2523.65
Debt/Equity0.541.41
EPS₹1744.81₹4.45
RoNW27.5924.79

Shares Offered

In the Service Care IPO Retail Individual Investors (RII) are offered 13,18,000 shares while in Srivari Spices IPO retail investors are offered 13,18,000 shares. Qualified Institutional Buyers (QIB) are offered 2,94,000 shares in Service Care IPO and 4,08,000 shares in Srivari Spices IPO.

 Service Care IPOSrivari Spices IPO
Anchor Investor Reservation6,06,000 shares
Market Maker Reservation1,56,000 shares1,08,000 shares
QIB2,94,000 shares4,08,000 shares
NII13,18,000 shares3,06,000 shares
RII13,18,000 shares7,14,000 shares
Employee
Others
Total29,30,000 shares20,34,000 shares

Bids Received (Subscription)

Service Care IPO subscribed 6.44x in total, whereas Srivari Spices IPO subscribed 450.03x.

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Service Care IPO Vs Srivari Spices IPO