Comparison between Neochem Bio IPO and Sihora Industries IPO.
Neochem Bio IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sihora Industries IPO is a SME Fixed Price proposed to list at BSE SME.
| Neochem Bio IPO | Sihora Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Aftertrade Broking Pvt.Ltd. |
| 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 Neochem Bio IPO is up to ₹42.69 Cr whereas the issue size of the Sihora Industries IPO is up to ₹10.03 Cr. The final issue price of Neochem Bio IPO is ₹98.00 per share and of Sihora Industries IPO is ₹66.00 per share.
| Neochem Bio IPO | Sihora Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹93.00 per share | |
| Issue Price (Upper) | ₹98.00 per share | |
| Issue Price (Final) | ₹98.00 per share | ₹66.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 43,56,000 shares | 15,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹42.69 Cr | up to ₹10.03 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 | 43,56,000 shares | 15,20,000 shares |
| Issue Size Total (Amount) | up to ₹42.69 Cr | up to ₹10.03 Cr |
Neochem Bio IPO opens on Dec 02, 2025, while Sihora Industries IPO opens on Oct 10, 2025. The closing date of Neochem Bio IPO and Sihora Industries IPO is Dec 04, 2025, and Oct 14, 2025, respectively.
| Neochem Bio IPO | Sihora Industries IPO | |
|---|---|---|
| Anchor Bid Date | Dec 01, 2025 | |
| Issue Open | Dec 02, 2025 | Oct 10, 2025 |
| Issue Close | Dec 04, 2025 | Oct 14, 2025 |
| Basis Of Allotment (Tentative) | Dec 05, 2025 | Oct 15, 2025 |
| Initiation of Refunds (Tentative) | Dec 08, 2025 | Oct 16, 2025 |
| Credit of Share (Tentative) | Dec 08, 2025 | Oct 16, 2025 |
| Listing date (Tentative) | Dec 09, 2025 | Oct 17, 2025 |
| Anchor Lockin End date 1 | Jan 04, 2026 | |
| Anchor Lockin End date 2 | Mar 05, 2026 |
Neochem Bio IPO P/E ratio is 15.85, as compared to Sihora Industries IPO P/E ratio of 13.14.
| Neochem Bio IPO | Sihora Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Neochem Bio Solutions Ltd.'s revenue increased by 39% and profit after tax (PAT) rose by 330% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Sihora Industries Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 214% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 91.12 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.7 | 69.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.85 | 13.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹167.78 Cr. | ₹35.16 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 48.82 | 35.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 41.67 | 31.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.80 | 0.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.18 | ₹5.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 48.82 | 35.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Neochem Bio IPO Retail Individual Investors (RII) are offered 15,26,400 shares while in Sihora Industries IPO retail investors are offered 15,26,400 shares. Qualified Institutional Buyers (QIB) are offered 8,71,200 shares in Neochem Bio IPO and 0 shares in Sihora Industries IPO.
| Neochem Bio IPO | Sihora Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,03,200 shares | 0 shares |
| Market Maker Reservation | 2,32,800 shares | 80,000 shares |
| QIB | 8,71,200 shares | 0 shares |
| NII | 6,55,200 shares | 7,60,000 shares |
| RII | 15,26,400 shares | 7,60,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 43,56,000 shares | 15,20,000 shares |
Neochem Bio IPO subscribed 15.52x in total, whereas Sihora Industries IPO subscribed 1.27x.
| Neochem Bio IPO | Sihora Industries IPO | |
|---|---|---|
| QIB (times) | 21.97x | |
| NII (times) | 21.15x | 1.18x |
| Big NII (times) | 25.78x | |
| Small NII (times) | 11.88x | |
| RII (times) | 9.42x | 1.37x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.52x | 1.27x |
