Comparison between INDO SMC IPO and Shivchem Agro IPO.
INDO SMC IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shivchem Agro IPO is a SME Bookbuilding proposed to list at BSE SME.
| INDO SMC IPO | Shivchem Agro IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Shannon Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | ||
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of INDO SMC IPO is up to ₹87.34 Cr whereas the issue size of the Shivchem Agro IPO is up to ₹0.00 Cr. The final issue price of INDO SMC IPO is ₹149.00 per share and of Shivchem Agro IPO is .
| INDO SMC IPO | Shivchem Agro IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹141.00 per share | |
| Issue Price (Upper) | ₹149.00 per share | |
| Issue Price (Final) | ₹149.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 58,62,000 shares | 23,80,800 shares |
| Fresh Issue Size (Amount) | up to ₹87.34 Cr | up to ₹0.00 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 | 58,62,000 shares | 23,80,800 shares |
| Issue Size Total (Amount) | up to ₹87.34 Cr | up to ₹0.00 Cr |
INDO SMC IPO opens on Jan 13, 2026, while Shivchem Agro IPO opens on . The closing date of INDO SMC IPO and Shivchem Agro IPO is Jan 16, 2026, and , respectively.
| INDO SMC IPO | Shivchem Agro IPO | |
|---|---|---|
| Anchor Bid Date | Jan 12, 2026 | |
| Issue Open | Jan 13, 2026 | |
| Issue Close | Jan 16, 2026 | |
| Basis Of Allotment (Tentative) | Jan 19, 2026 | |
| Initiation of Refunds (Tentative) | Jan 20, 2026 | |
| Credit of Share (Tentative) | Jan 20, 2026 | |
| Listing date (Tentative) | Jan 21, 2026 | |
| Anchor Lockin End date 1 | Feb 15, 2026 | |
| Anchor Lockin End date 2 | Apr 16, 2026 |
INDO SMC IPO P/E ratio is 16.1, as compared to Shivchem Agro IPO P/E ratio of .
| INDO SMC IPO | Shivchem Agro IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Shivchem Agro Ltd.'s revenue increased by 151% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 82.30 | 89.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹340.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 74.45 | 45.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 31.39 | 31.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.00 | 0.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.27 | 45.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the INDO SMC IPO Retail Individual Investors (RII) are offered 20,52,000 shares while in Shivchem Agro IPO retail investors are offered 20,52,000 shares. Qualified Institutional Buyers (QIB) are offered 11,72,000 shares in INDO SMC IPO and 0 shares in Shivchem Agro IPO.
| INDO SMC IPO | Shivchem Agro IPO | |
|---|---|---|
| Anchor Investor Reservation | 17,56,000 shares | 0 shares |
| Market Maker Reservation | 3,09,000 shares | 0 shares |
| QIB | 11,72,000 shares | 0 shares |
| NII | 8,82,000 shares | 0 shares |
| RII | 20,52,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 58,62,000 shares | 0 shares |
INDO SMC IPO subscribed 77.39x in total, whereas Shivchem Agro IPO subscribed .
| INDO SMC IPO | Shivchem Agro IPO | |
|---|---|---|
| QIB (times) | 94.94x | |
| NII (times) | 164.59x | |
| Big NII (times) | 193.37x | |
| Small NII (times) | 107.02x | |
| RII (times) | 96.13x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 77.39x |
