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.

	Service Care IPO	Srivari Spices IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Integrated Registry Management Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

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 IPO	Srivari 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 Size	2000 shares	3000 shares
Fresh Issue Size	29,30,000 shares	20,34,000 shares
Fresh Issue Size (Amount)	up to ₹19.63 Cr	up to ₹8.54 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	29,30,000 shares	20,34,000 shares
Issue Size Total (Amount)	up to ₹19.63 Cr	up 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 IPO	Srivari Spices IPO
Anchor Bid Date		Aug 04, 2023
Issue Open	Jul 14, 2023	Aug 07, 2023
Issue Close	Jul 18, 2023	Aug 09, 2023
Basis Of Allotment (Tentative)	Jul 21, 2023	Aug 14, 2023
Initiation of Refunds (Tentative)	Jul 24, 2023	Aug 16, 2023
Credit of Share (Tentative)	Jul 25, 2023	Aug 17, 2023
Listing date (Tentative)	Jul 26, 2023	Aug 18, 2023
Anchor Lockin End date 1		Sep 13, 2023
Anchor Lockin End date 2		Nov 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 IPO

Srivari Spices IPO

Financials

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

Srivari Spices and Foods IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	235.88	627.38	1,067.62	2,568.13
Total Income	19.05	1,139.90	1,764.21	3,582.01
Profit After Tax	-10.69	35.26	72.84	312.61
Net Worth	177.54	426.91	499.75	910.02
Reserves and Surplus	-10.69	24.57	97.41	410.02
Total Borrowing			277.39	1,283.51

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

99.90

Promoter Shareholding (Post-Issue)

P/E Ratio

21.2

9.59

Market Cap

₹77.04 Cr.

₹30.00 Cr.

ROE

0.34

44.35%

ROCE

0.37

23.65%

Debt/Equity

1.41

EPS

₹1744.81

₹4.45

RoNW

26.65

24.79%

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 IPO	Srivari Spices IPO
Anchor Investor Reserveration		6,06,000 shares
Market Maker Reserveration	1,56,000 shares	1,08,000 shares
QIB	2,94,000 shares	4,08,000 shares
NII	13,18,000 shares	3,06,000 shares
RII	13,18,000 shares	7,14,000 shares
Employee
Others
Total	29,30,000 shares	20,34,000 shares

Bids Received (Subscription)

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

	Service Care IPO	Srivari Spices IPO
QIB (times)	5.10x	79.10x
NII (times)	2.64x	786.11x
Big NII (times)
Small NII (times)
RII (times)	10.54x	517.95x
Employee (times)
Other (times)
Total (times)	6.44x	450.03x

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