Shri Techtex IPO vs Srivari Spices IPO

Comparison between Shri Techtex IPO and Srivari Spices IPO.

IPO Details

Shri Techtex 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.

	Shri Techtex 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	Beeline Capital Advisors Pvt.Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.Ltd.	Nikunj Stock Brokers 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 Shri Techtex IPO is up to ₹42.87 Cr whereas the issue size of the Srivari Spices IPO is up to ₹8.54 Cr. The final issue price of Shri Techtex IPO is ₹61.00 per share and of Srivari Spices IPO is ₹42.00 per share.

	Shri Techtex IPO	Srivari Spices IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹54.00 per share	₹40.00 per share
Issue Price (Upper)	₹61.00 per share	₹42.00 per share
Issue Price (Final)	₹61.00 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	70,28,000 shares	20,34,000 shares
Fresh Issue Size (Amount)	up to ₹42.87 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	70,28,000 shares	20,34,000 shares
Issue Size Total (Amount)	up to ₹42.87 Cr	up to ₹8.54 Cr

IPO Timetable

Shri Techtex IPO opens on Jul 26, 2023, while Srivari Spices IPO opens on Aug 07, 2023. The closing date of Shri Techtex IPO and Srivari Spices IPO is Jul 28, 2023, and Aug 09, 2023, respectively.

	Shri Techtex IPO	Srivari Spices IPO
Anchor Bid Date	Jul 25, 2023	Aug 04, 2023
Issue Open	Jul 26, 2023	Aug 07, 2023
Issue Close	Jul 28, 2023	Aug 09, 2023
Basis Of Allotment (Tentative)	Aug 02, 2023	Aug 14, 2023
Initiation of Refunds (Tentative)	Aug 03, 2023	Aug 16, 2023
Credit of Share (Tentative)	Aug 04, 2023	Aug 17, 2023
Listing date (Tentative)	Aug 04, 2023	Aug 18, 2023
Anchor Lockin End date 1	Sep 01, 2023	Sep 13, 2023
Anchor Lockin End date 2	Oct 31, 2023	Nov 12, 2023

Financials & KPIs

Shri Techtex IPO P/E ratio is 16.71, as compared to Srivari Spices IPO P/E ratio of 9.59.

Shri Techtex IPO

Srivari Spices IPO

Financials

Shri Techtex Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,766.65	1,625.73	447.23	808.49	588.04	488.05
31-Mar-21	4,652.15	4,021.58	1,265.68	2,075.69	1,853.72	1,498.66
31-Mar-22	5,282.41	5,182.15	826.56	2,099.47	1,875.99	2,451.57
31-Mar-23	7,386.45	5,807.58	910.63	2,981.50	1,256.61	3,188.98
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)

70.34

P/E Ratio

16.71

9.59

Market Cap

₹152.20 Cr.

₹30.00 Cr.

ROE

35.84%

44.35%

ROCE

20.07%

23.65%

Debt/Equity

1.07

1.41

EPS

₹5.19

₹4.45

RoNW

30.54%

24.79%

Shares Offered

In the Shri Techtex IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in Srivari Spices IPO retail investors are offered 24,62,000 shares. Qualified Institutional Buyers (QIB) are offered 14,10,000 shares in Shri Techtex IPO and 4,08,000 shares in Srivari Spices IPO.

	Shri Techtex IPO	Srivari Spices IPO
Anchor Investor Reserveration	21,00,000 shares	6,06,000 shares
Market Maker Reserveration	3,72,000 shares	1,08,000 shares
QIB	14,10,000 shares	4,08,000 shares
NII	10,56,000 shares	3,06,000 shares
RII	24,62,000 shares	7,14,000 shares
Employee
Others
Total	70,28,000 shares	20,34,000 shares

Bids Received (Subscription)

Shri Techtex IPO subscribed 148.44x in total, whereas Srivari Spices IPO subscribed 450.03x.

	Shri Techtex IPO	Srivari Spices IPO
QIB (times)	58.03x	79.10x
NII (times)	250.65x	786.11x
Big NII (times)
Small NII (times)
RII (times)	156.37x	517.95x
Employee (times)
Other (times)
Total (times)	148.44x	450.03x

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