Comparison between Mehul Colours IPO and Shipwaves Online IPO.
Mehul Colours IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shipwaves Online IPO is a SME Fixed Price proposed to list at BSE SME.
| Mehul Colours IPO | Shipwaves Online IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Anant Securities |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Mehul Colours IPO is up to ₹20.56 Cr whereas the issue size of the Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of Mehul Colours IPO is ₹72.00 per share and of Shipwaves Online IPO is ₹12.00 per share.
| Mehul Colours IPO | Shipwaves Online IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹68.00 per share | |
| Issue Price (Upper) | ₹72.00 per share | |
| Issue Price (Final) | ₹72.00 per share | ₹12.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 10000 shares |
| Fresh Issue Size | 28,56,000 shares | 4,46,10,000 shares |
| Fresh Issue Size (Amount) | up to ₹20.56 Cr | up to ₹53.53 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 | 28,56,000 shares | 4,46,10,000 shares |
| Issue Size Total (Amount) | up to ₹20.56 Cr | up to ₹53.53 Cr |
Mehul Colours IPO opens on Jul 30, 2025, while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of Mehul Colours IPO and Shipwaves Online IPO is Aug 01, 2025, and Dec 12, 2025, respectively.
| Mehul Colours IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Bid Date | Jul 29, 2025 | |
| Issue Open | Jul 30, 2025 | Dec 10, 2025 |
| Issue Close | Aug 01, 2025 | Dec 12, 2025 |
| Basis Of Allotment (Tentative) | Aug 04, 2025 | Dec 15, 2025 |
| Initiation of Refunds (Tentative) | Aug 05, 2025 | Dec 16, 2025 |
| Credit of Share (Tentative) | Aug 05, 2025 | Dec 16, 2025 |
| Listing date (Tentative) | Aug 06, 2025 | Dec 17, 2025 |
| Anchor Lockin End date 1 | Sep 02, 2025 | |
| Anchor Lockin End date 2 | Nov 01, 2025 |
Mehul Colours IPO P/E ratio is 9.87, as compared to Shipwaves Online IPO P/E ratio of 9.3.
| Mehul Colours IPO | Shipwaves Online IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| Company Financials (Restated Consolidated)Shipwaves Online Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 96.86 | 99.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.24 | 66.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.87 | 9.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹75.95 Cr. | ₹169.79 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 38.46 | 50.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 43.53 | 25.79 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.30 | ₹1.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.26 | 41.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Mehul Colours IPO Retail Individual Investors (RII) are offered 10,01,600 shares while in Shipwaves Online IPO retail investors are offered 10,01,600 shares. Qualified Institutional Buyers (QIB) are offered 5,71,200 shares in Mehul Colours IPO and 0 shares in Shipwaves Online IPO.
| Mehul Colours IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,54,400 shares | 0 shares |
| Market Maker Reservation | 1,52,000 shares | 23,50,000 shares |
| QIB | 5,71,200 shares | 0 shares |
| NII | 4,28,800 shares | 2,23,00,000 shares |
| RII | 10,01,600 shares | 2,23,10,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 28,56,000 shares | 4,46,10,000 shares |
Mehul Colours IPO subscribed 7.98x in total, whereas Shipwaves Online IPO subscribed 1.64x.
| Mehul Colours IPO | Shipwaves Online IPO | |
|---|---|---|
| QIB (times) | 13.54x | |
| NII (times) | 10.91x | 0.36x |
| Big NII (times) | 14.27x | |
| Small NII (times) | 5.24x | |
| RII (times) | 3.56x | 2.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 7.98x | 1.64x |
