Accent Microcell IPO vs Siyaram Recycling IPO

Comparision between Accent Microcell IPO and Siyaram Recycling IPO.

IPO Details

Accent Microcell IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Siyaram Recycling IPO is a SME Book Built Issue proposed to list at BSE SME.

	Accent Microcell IPO	Siyaram Recycling IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Hem Securities Limited
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
Market Maker	Prabhat Financial Services Ltd.	Hem Finlease Private Limited
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 Accent Microcell IPO is up to ₹78.40 Cr whereas the issue size of the Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of Accent Microcell IPO is ₹140.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

	Accent Microcell IPO	Siyaram Recycling IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹43.00 per share
Issue Price (Upper)	₹140.00 per share	₹46.00 per share
Issue Price (Final)	₹140.00 per share	₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	3000 shares
Fresh Issue Size	56,00,000 shares	49,92,000 shares
Fresh Issue Size (Amount)	up to ₹78.40 Cr	up to ₹22.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,00,000 shares	49,92,000 shares
Issue Size Total (Amount)	up to ₹78.40 Cr	up to ₹22.96 Cr

IPO Timetable

Accent Microcell IPO opens on Dec 08, 2023, while Siyaram Recycling IPO opens on Dec 14, 2023. The closing date of Accent Microcell IPO and Siyaram Recycling IPO is Dec 12, 2023, and Dec 18, 2023, respectively.

	Accent Microcell IPO	Siyaram Recycling IPO
Anchor Bid Date	Dec 07, 2023
Issue Open	Dec 08, 2023	Dec 14, 2023
Issue Close	Dec 12, 2023	Dec 18, 2023
Basis Of Allotment (Tentative)	Dec 13, 2023	Dec 19, 2023
Initiation of Refunds (Tentative)	Dec 14, 2023	Dec 20, 2023
Credit of Share (Tentative)	Dec 14, 2023	Dec 20, 2023
Listing date (Tentative)	Dec 15, 2023	Dec 21, 2023
Anchor Lockin End date 1	Jan 12, 2024	Jan 18, 2024
Anchor Lockin End date 2	Mar 12, 2024	Mar 18, 2024

Financials

Accent Microcell IPO P/E ratio is 13.92, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

Accent Microcell IPO

Siyaram Recycling IPO

Financial

Accent Microcell Limited Financial Information (Restated)

Accent Microcell Limited's revenue increased by 23.53% and profit after tax (PAT) rose by 120.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,214.89	11,409.69	9,461.04	8,070.45
Revenue	5,992.95	20,696.75	16,753.97	13,481.59
Profit After Tax	705.53	1,301.02	589.31	480.29
Net Worth	5,125.44	4,419.91	3,209.32	2,663.02
Reserves and Surplus	3,831.14	3,125.61	1,919.02	2,232.92
Total Borrowing	2,105.73	2,278.23	2,409.53	3,063.76
Amount in ₹ Lakhs

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Revenue	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

73.13%

100%

Promoter Shareholding (Post-Issue)

53.67%

P/E Ratio

13.92

8.3

Market Cap

₹294.60 Cr.

₹86.47 Cr.

ROE

34.11%%

17.97%%

ROCE

26.46%%

13.42%%

Debt/Equity

0.52

1.44

EPS

₹10.06

₹5.54

RoNW

29.44%%

16.49%%

Shares Offered

In the Accent Microcell IPO retail investors (RII) are offered 18,62,000 shares while in Siyaram Recycling IPO retail investors are offered 18,62,000 shares. Qualified institutional buyers (QIB) are offered 10,64,000 shares in Accent Microcell IPO and 9,48,000 shares in Siyaram Recycling IPO.

	Accent Microcell IPO	Siyaram Recycling IPO
Anchor Investor Reserveration	15,96,000 shares	14,22,000 shares
Market Maker Reserveration	2,80,000 shares	2,52,000 shares
QIB	10,64,000 shares	9,48,000 shares
NII	7,98,000 shares	7,11,000 shares
RII	18,62,000 shares	16,59,000 shares
Employee	0 shares	0 shares
Others
Total	37,24,000 shares	33,18,000 shares

Bids Received (Subscription)

Accent Microcell IPO subscribed 362.41x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

	Accent Microcell IPO	Siyaram Recycling IPO
QIB (times)	118.48x	96.43x
NII (times)	576.70x	597.72x
Big NII (times)
Small NII (times)
RII (times)	409.95x	459.11x
Employee (times)
Other (times)
Total (times)	362.41x	385.19x

Compare with others

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Siyaram Recycling IPO	Electro Force India IPO
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S J Logistics IPO	Shree OSFM E-Mobility IPO
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Shanti Spintex IPO	S J Logistics IPO
Graphisads IPO	Accent Microcell IPO
AMIC Forging IPO	Marinetrans India IPO
Net Avenue Technologies IPO	Shanti Spintex IPO

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