Shiv Texchem IPO vs Usha Financial IPO

Comparison between Shiv Texchem IPO and Usha Financial IPO.

IPO Details

Shiv Texchem IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Usha Financial IPO is a SME Bookbuilding proposed to list at NSE SME.

	Shiv Texchem IPO	Usha Financial IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Vivro Financial Services Pvt.Ltd.	Unistone Capital Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	SS Corporate Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Shiv Texchem IPO is up to ₹96.28 Cr whereas the issue size of the Usha Financial IPO is up to ₹93.06 Cr. The final issue price of Shiv Texchem IPO is ₹166.00 per share and of Usha Financial IPO is ₹168.00 per share.

	Shiv Texchem IPO	Usha Financial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹158.00 per share	₹160.00 per share
Issue Price (Upper)	₹166.00 per share	₹168.00 per share
Issue Price (Final)	₹166.00 per share	₹168.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	800 shares
Fresh Issue Size	58,00,000 shares	55,39,200 shares
Fresh Issue Size (Amount)	up to ₹96.28 Cr	up to ₹93.06 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	58,00,000 shares	55,39,200 shares
Issue Size Total (Amount)	up to ₹96.28 Cr	up to ₹93.06 Cr

IPO Timetable

Shiv Texchem IPO opens on Oct 08, 2024, while Usha Financial IPO opens on Oct 24, 2024. The closing date of Shiv Texchem IPO and Usha Financial IPO is Oct 10, 2024, and Oct 28, 2024, respectively.

	Shiv Texchem IPO	Usha Financial IPO
Anchor Bid Date	Oct 07, 2024	Oct 23, 2024
Issue Open	Oct 08, 2024	Oct 24, 2024
Issue Close	Oct 10, 2024	Oct 28, 2024
Basis Of Allotment (Tentative)	Oct 11, 2024	Oct 29, 2024
Initiation of Refunds (Tentative)	Oct 14, 2024	Oct 30, 2024
Credit of Share (Tentative)	Oct 14, 2024	Oct 30, 2024
Listing date (Tentative)	Oct 15, 2024	Oct 31, 2024
Anchor Lockin End date 1	Nov 10, 2024	Nov 28, 2024
Anchor Lockin End date 2	Jan 09, 2025	Jan 27, 2025

Financials & KPIs

Shiv Texchem IPO P/E ratio is 8.02, as compared to Usha Financial IPO P/E ratio of 19.83.

Shiv Texchem IPO

Usha Financial IPO

Financials

Shiv Texchem Limited Financial Information (Restated)

Shiv Texchem Limited's revenue increased by 37% and profit after tax (PAT) rose by 88% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	85,483.43	79,868.05	60,234.98	42,543.57
Total Income	56,707.83	1,53,668.79	1,11,866.98	86,547.46
Profit After Tax	1,005.89	3,011.3	1,602.72	1,386.48
Net Worth	20,293.58	19,287.69	12,276.39	10,673.68
Reserves and Surplus	20,080.25	19,074.36	12,116.39	10,513.68
Total Borrowing	27,085.63	29,665.25	32,914.39	12,034.33
Amount in ₹ Lakhs

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	35,133.66	33,585.81	37,222.64	16,428.07
Total Income	2,681.26	6,396.05	4,618.73	2,531.36
Profit After Tax	504.16	1,344.95	1,016.55	414.42
Net Worth	11,106.79	10,602.63	8,207.38	4,767.58
Reserves and Surplus	9,519.03	9,014.87	7,265.57	4,109.41
Total Borrowing	18,861.94	18,128.22	24,751.41	9,723.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

98.91

Promoter Shareholding (Post-Issue)

72.24

P/E Ratio

8.02

19.83

Market Cap

₹384.66 Cr.

₹365.19 Cr.

ROE

19.08%

9.29%

ROCE

26.99%

12.02%

Debt/Equity

1.54

1.70

EPS

₹165.42

₹8.47

RoNW

19.08%

9.29%

Shares Offered

In the Shiv Texchem IPO Retail Individual Investors (RII) are offered 20,30,400 shares while in Usha Financial IPO retail investors are offered 20,30,400 shares. Qualified Institutional Buyers (QIB) are offered 11,60,000 shares in Shiv Texchem IPO and 11,08,000 shares in Usha Financial IPO.

	Shiv Texchem IPO	Usha Financial IPO
Anchor Investor Reserveration	17,39,200 shares	16,60,800 shares
Market Maker Reserveration	3,05,600 shares	3,20,800 shares
QIB	11,60,000 shares	11,08,000 shares
NII	8,70,400 shares	8,31,200 shares
RII	20,30,400 shares	19,39,200 shares
Employee
Others
Total	58,00,000 shares	55,39,200 shares

Bids Received (Subscription)

Shiv Texchem IPO subscribed 156.55x in total, whereas Usha Financial IPO subscribed 19.37x.

	Shiv Texchem IPO	Usha Financial IPO
QIB (times)	86.70x	10.04x
NII (times)	455.58x	28.55x
Big NII (times)
Small NII (times)
RII (times)	68.27x	20.76x
Employee (times)
Other (times)
Total (times)	156.55x	19.37x

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