Khazanchi Jewellers IPO vs Srivari Spices and Foods IPO

Comparision between Khazanchi Jewellers IPO and Srivari Spices and Foods IPO.

IPO Details

Khazanchi Jewellers 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.

	Khazanchi Jewellers 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	Mark Corporate Advisors Private Limited	GYR Capital Advisors Private Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Svcm Securities Private 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 Khazanchi Jewellers IPO is up to ₹97.00 Cr whereas the issue size of the Srivari Spices and Foods IPO is up to ₹9.00 Cr. The final issue price of Khazanchi Jewellers IPO is ₹140.00 per share and of Srivari Spices and Foods IPO is ₹42.00 per share.

	Khazanchi Jewellers 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)	₹140.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	3000 shares
Fresh Issue Size	69,10,000 shares	21,42,000 shares
Fresh Issue Size (Amount)	up to ₹96.74 Cr	up to ₹9.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,10,000 shares	21,42,000 shares
Issue Size Total (Amount)	up to ₹97.00 Cr	up to ₹9.00 Cr

IPO Timetable

Khazanchi Jewellers IPO opens on Jul 24, 2023, while Srivari Spices and Foods IPO opens on Aug 07, 2023. The closing date of Khazanchi Jewellers IPO and Srivari Spices and Foods IPO is Jul 28, 2023, and Aug 09, 2023, respectively.

	Khazanchi Jewellers IPO	Srivari Spices and Foods IPO
Anchor Bid Date		Aug 04, 2023
Issue Open	Jul 24, 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 07, 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

Khazanchi Jewellers IPO P/E ratio is 45.75, as compared to Srivari Spices and Foods IPO P/E ratio of 9.59.

Khazanchi Jewellers IPO

Srivari Spices and Foods 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

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)

P/E Ratio

45.75

9.59

Market Cap

₹346.46 Cr.

₹30.00 Cr.

ROE

20.98%

44.35%%

ROCE

18.91%

23.65%%

Debt/Equity

1.45

1.41

EPS

₹7.62

₹4.45

RoNW

20.98%%

24.79%%

Shares Offered

In the Khazanchi Jewellers IPO retail investors (RII) are offered 32,82,000 shares while in Srivari Spices and Foods IPO retail investors are offered 32,82,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Khazanchi Jewellers IPO and 4,08,000 shares in Srivari Spices and Foods IPO.

	Khazanchi Jewellers IPO	Srivari Spices and Foods IPO
Anchor Investor Reserveration		6,06,000 shares
Market Maker Reserveration	3,46,000 shares	1,08,000 shares
QIB	0 shares	4,08,000 shares
NII	32,82,000 shares	3,06,000 shares
RII	32,82,000 shares	7,14,000 shares
Employee	0 shares	0 shares
Others
Total	65,64,000 shares	14,28,000 shares

Bids Received (Subscription)

Khazanchi Jewellers IPO subscribed 1.26x in total, whereas Srivari Spices and Foods IPO subscribed 450.03x.

	Khazanchi Jewellers IPO	Srivari Spices and Foods IPO
QIB (times)		79.10x
NII (times)	1.74x	786.11x
Big NII (times)
Small NII (times)
RII (times)	0.78x	517.95x
Employee (times)
Other (times)
Total (times)	1.26x	450.03x

Compare with others

Khazanchi Jewellers IPO	Srivari Spices and Foods IPO
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Shri Techtex IPO	Vinsys IT Services IPO
Vinsys IT Services IPO	Yasons Chemex Care IPO
Yasons Chemex Care IPO	Committed Cargo Care IPO
Committed Cargo Care IPO	Khazanchi Jewellers IPO
Srivari Spices and Foods IPO	Asarfi Hospital IPO
Asarfi Hospital IPO	Service Care IPO
Service Care IPO	Ahasolar Technologies IPO
Ahasolar Technologies IPO	Drone Destination IPO
Drone Destination IPO	AccelerateBS India IPO

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