Emmforce Autotech IPO vs Shivam Chemicals IPO

Comparision between Emmforce Autotech IPO and Shivam Chemicals IPO.

IPO Details

Emmforce Autotech IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shivam Chemicals IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Emmforce Autotech IPO	Shivam Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker	Spread X Securities Private Limited	Shreni Shares 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 Emmforce Autotech IPO is up to ₹53.90 Cr whereas the issue size of the Shivam Chemicals IPO is up to ₹20.18 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Shivam Chemicals IPO is ₹44.00 per share.

	Emmforce Autotech IPO	Shivam Chemicals 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	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	54,99,600 shares	45,87,000 shares
Fresh Issue Size (Amount)	up to ₹53.90 Cr	up to ₹20.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,99,600 shares	45,87,000 shares
Issue Size Total (Amount)	up to ₹53.90 Cr	up to ₹20.18 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Shivam Chemicals IPO opens on Apr 23, 2024. The closing date of Emmforce Autotech IPO and Shivam Chemicals IPO is Apr 25, 2024, and Apr 25, 2024, respectively.

	Emmforce Autotech IPO	Shivam Chemicals IPO
Anchor Bid Date	Apr 22, 2024
Issue Open	Apr 23, 2024	Apr 23, 2024
Issue Close	Apr 25, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	Apr 29, 2024
Credit of Share (Tentative)	Apr 29, 2024	Apr 29, 2024
Listing date (Tentative)	Apr 30, 2024	Apr 30, 2024
Anchor Lockin End date 1	May 26, 2024
Anchor Lockin End date 2	Jul 25, 2024

Financials

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Shivam Chemicals IPO P/E ratio of 15.26.

Emmforce Autotech IPO

Shivam Chemicals IPO

Financial

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,597.13	4,895.40	5,257.36	3,384.41
Revenue	4,790.31	4,875.32	7,138.13	5,185.32
Profit After Tax	511.78	438.85	732.58	508.91
Net Worth	1,500.00	2,344.95	2,129.09	1,524.82
Reserves and Surplus	43.72
Total Borrowing	2,404.25	1,535.43	1,651.09	501.70
Amount in ₹ Lakhs

Shivam Chemicals Limited Financial Information (Restated Consolidated)

Period Ended	31 Dec 2023	31 Mar 2023
Assets	3,881.92	3,117.11
Revenue	10,710.70	15,658.34
Profit After Tax	70.79	357.44
Net Worth	1,399.64	1,328.35
Reserves and Surplus	159.64	1,288.85
Total Borrowing	1,638.20	1,351.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

73.17%

73.00%

P/E Ratio

33.5

15.26

Market Cap

₹200.90 Cr.

₹74.74 Cr.

ROE

5.13%%

ROCE

6.19%%

Debt/Equity

1.17

EPS

₹2.93

₹2.88

RoNW

2.83%

5.06%%

Shares Offered

In the Emmforce Autotech IPO retail investors (RII) are offered 18,28,800 shares while in Shivam Chemicals IPO retail investors are offered 18,28,800 shares. Qualified institutional buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and 0 shares in Shivam Chemicals IPO.

	Emmforce Autotech IPO	Shivam Chemicals IPO
Anchor Investor Reserveration	15,66,000 shares
Market Maker Reserveration	2,76,000 shares	2,31,000 shares
QIB	10,45,200 shares	0 shares
NII	7,83,600 shares	21,78,000 shares
RII	18,28,800 shares	21,78,000 shares
Employee	0 shares	0 shares
Others
Total	36,57,600 shares	43,56,000 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 364.37x in total, whereas Shivam Chemicals IPO subscribed 6.61x.

	Emmforce Autotech IPO	Shivam Chemicals IPO
QIB (times)	160.58x
NII (times)	861.98x	4.33x
Big NII (times)
Small NII (times)
RII (times)	267.62x	8.88x
Employee (times)
Other (times)
Total (times)	364.37x	6.61x

Compare with others

Emmforce Autotech IPO	Shivam Chemicals IPO
Mandeep Auto Industries IPO	Sai Swami Metals and Alloys IPO
ABS Marine Services IPO	Amkay Products IPO
Shivam Chemicals IPO	Storage Technologies Racks and Rollers IPO
Varyaa Creations IPO	Mandeep Auto Industries IPO
Faalcon Concepts IPO	ABS Marine Services IPO
Birdy's IPO	Varyaa Creations IPO
Greenhitech Ventures IPO	Faalcon Concepts IPO
Finelistings Technologies IPO	Emmforce Autotech IPO
Ramdevbaba Solvent IPO	Birdy's IPO
Teerth Gopicon IPO	Greenhitech Ventures IPO

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