Khazanchi Jewellers IPO vs Shri Techtex IPO

Comparision between Khazanchi Jewellers IPO and Shri Techtex IPO.

IPO Details

Khazanchi Jewellers IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Shri Techtex IPO is a SME Book Built Issue proposed to list at NSE SME.

	Khazanchi Jewellers IPO	Shri Techtex 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	Mark Corporate Advisors Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
Market Maker	Svcm Securities Private Limited	Sunflower Broking Private 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 Khazanchi Jewellers IPO is up to ₹97.00 Cr whereas the issue size of the Shri Techtex IPO is up to ₹45.14 Cr. The final issue price of Khazanchi Jewellers IPO is ₹140.00 per share and of Shri Techtex IPO is ₹61.00 per share.

	Khazanchi Jewellers IPO	Shri Techtex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹54.00 per share
Issue Price (Upper)		₹61.00 per share
Issue Price (Final)	₹140.00 per share	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	69,10,000 shares	74,00,000 shares
Fresh Issue Size (Amount)	up to ₹96.74 Cr	up to ₹45.14 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,10,000 shares	74,00,000 shares
Issue Size Total (Amount)	up to ₹97.00 Cr	up to ₹45.14 Cr

IPO Timetable

Khazanchi Jewellers IPO opens on Jul 24, 2023, while Shri Techtex IPO opens on Jul 26, 2023. The closing date of Khazanchi Jewellers IPO and Shri Techtex IPO is Jul 28, 2023, and Jul 28, 2023, respectively.

	Khazanchi Jewellers IPO	Shri Techtex IPO
Anchor Bid Date		Jul 25, 2023
Issue Open	Jul 24, 2023	Jul 26, 2023
Issue Close	Jul 28, 2023	Jul 28, 2023
Basis Of Allotment (Tentative)	Aug 02, 2023	Aug 02, 2023
Initiation of Refunds (Tentative)	Aug 03, 2023	Aug 03, 2023
Credit of Share (Tentative)	Aug 04, 2023	Aug 04, 2023
Listing date (Tentative)	Aug 07, 2023	Aug 04, 2023
Anchor Lockin End date 1	Sep 01, 2023	Sep 01, 2023
Anchor Lockin End date 2	Oct 31, 2023	Oct 31, 2023

Financials

Khazanchi Jewellers IPO P/E ratio is 45.75, as compared to Shri Techtex IPO P/E ratio of 16.71.

Khazanchi Jewellers IPO

Shri Techtex IPO

Financial

Khazanchi Jewellers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	10,379.93	36,165.36	230.71	2,269.33	1,276.21	7,786.00
31-Mar-21	11,319.79	38,242.89	275.58	2,544.91	1,551.79	7,480.12
31-Mar-22	12,436.20	25,799.75	326.62	2,871.53	1,878.41	8,412.38
31-Mar-23	14,506.80	48,181.65	756.49	3,604.99	2,611.87	8,462.47
Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

70.34%

P/E Ratio

45.75

16.71

Market Cap

₹346.46 Cr.

₹152.20 Cr.

ROE

20.98%

35.84%%

ROCE

18.91%

20.07%%

Debt/Equity

1.45

1.07

EPS

₹7.62

₹5.19

RoNW

20.98%%

30.54%%

Shares Offered

In the Khazanchi Jewellers IPO retail investors (RII) are offered 32,82,000 shares while in Shri Techtex IPO retail investors are offered 32,82,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Khazanchi Jewellers IPO and 14,10,000 shares in Shri Techtex IPO.

	Khazanchi Jewellers IPO	Shri Techtex IPO
Anchor Investor Reserveration		21,00,000 shares
Market Maker Reserveration	3,46,000 shares	3,72,000 shares
QIB	0 shares	14,10,000 shares
NII	32,82,000 shares	10,56,000 shares
RII	32,82,000 shares	24,62,000 shares
Employee	0 shares	0 shares
Others
Total	65,64,000 shares	49,28,000 shares

Bids Received (Subscription)

Khazanchi Jewellers IPO subscribed 1.26x in total, whereas Shri Techtex IPO subscribed 148.44x.

	Khazanchi Jewellers IPO	Shri Techtex IPO
QIB (times)		58.03x
NII (times)	1.74x	250.65x
Big NII (times)
Small NII (times)
RII (times)	0.78x	156.37x
Employee (times)
Other (times)
Total (times)	1.26x	148.44x

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