AccelerateBS India IPO vs Srivari Spices and Foods IPO

Comparision between AccelerateBS India IPO and Srivari Spices and Foods IPO.

IPO Details

AccelerateBS India IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Srivari Spices and Foods IPO is a SME Book Built Issue proposed to list at NSE SME.

	AccelerateBS India IPO	Srivari Spices and Foods IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS India IPO is up to ₹5.69 Cr whereas the issue size of the Srivari Spices and Foods IPO is up to ₹9.00 Cr. The final issue price of AccelerateBS India IPO is ₹90.00 per share and of Srivari Spices and Foods IPO is ₹42.00 per share.

	AccelerateBS India IPO	Srivari Spices and Foods IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹40.00 per share
Issue Price (Upper)		₹42.00 per share
Issue Price (Final)	₹90.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	1,88,800 shares	21,42,000 shares
Fresh Issue Size (Amount)	up to ₹1.70 Cr	up to ₹9.00 Cr
OFS Issue Size	4,43,200 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr
Issue Size Total	6,32,000 shares	21,42,000 shares
Issue Size Total (Amount)	up to ₹5.69 Cr	up to ₹9.00 Cr

IPO Timetable

AccelerateBS India IPO opens on Jul 06, 2023, while Srivari Spices and Foods IPO opens on Aug 07, 2023. The closing date of AccelerateBS India IPO and Srivari Spices and Foods IPO is Jul 11, 2023, and Aug 09, 2023, respectively.

	AccelerateBS India IPO	Srivari Spices and Foods IPO
Anchor Bid Date		Aug 04, 2023
Issue Open	Jul 06, 2023	Aug 07, 2023
Issue Close	Jul 11, 2023	Aug 09, 2023
Basis Of Allotment (Tentative)	Jul 14, 2023	Aug 14, 2023
Initiation of Refunds (Tentative)	Jul 17, 2023	Aug 16, 2023
Credit of Share (Tentative)	Jul 18, 2023	Aug 17, 2023
Listing date (Tentative)	Jul 19, 2023	Aug 18, 2023
Anchor Lockin End date 1	Aug 13, 2023	Sep 13, 2023
Anchor Lockin End date 2	Oct 12, 2023	Nov 12, 2023

Financials

AccelerateBS India IPO P/E ratio is 27.27, as compared to Srivari Spices and Foods IPO P/E ratio of 9.59.

AccelerateBS India IPO

Srivari Spices and Foods IPO

Financial

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
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
Revenue	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)

100.00%

99.90%

Promoter Shareholding (Post-Issue)

70.59%

P/E Ratio

27.27

9.59

Market Cap

₹19.34 Cr.

₹30.00 Cr.

ROE

15.80%%

44.35%%

ROCE

19.44%%

23.65%%

Debt/Equity

0.16

1.41

EPS

₹1.38

₹4.45

RoNW

12.77%%

24.79%%

Shares Offered

In the AccelerateBS India IPO retail investors (RII) are offered 2,99,200 shares while in Srivari Spices and Foods IPO retail investors are offered 2,99,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in AccelerateBS India IPO and 4,08,000 shares in Srivari Spices and Foods IPO.

	AccelerateBS India IPO	Srivari Spices and Foods IPO
Anchor Investor Reserveration		6,06,000 shares
Market Maker Reserveration	33,600 shares	1,08,000 shares
QIB	0 shares	4,08,000 shares
NII	2,99,200 shares	3,06,000 shares
RII	2,99,200 shares	7,14,000 shares
Employee	0 shares	0 shares
Others
Total	5,98,400 shares	14,28,000 shares

Bids Received (Subscription)

AccelerateBS India IPO subscribed 49.19x in total, whereas Srivari Spices and Foods IPO subscribed 450.03x.

	AccelerateBS India IPO	Srivari Spices and Foods IPO
QIB (times)		79.10x
NII (times)	39.25x	786.11x
Big NII (times)
Small NII (times)
RII (times)	59.11x	517.95x
Employee (times)
Other (times)
Total (times)	49.19x	450.03x

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Tridhya Tech IPO	Drone Destination IPO
Magson IPO	AccelerateBS India IPO

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