ABS Marine Services IPO vs Shivam Chemicals IPO

Comparision between ABS Marine Services IPO and Shivam Chemicals IPO.

IPO Details

ABS Marine Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shivam Chemicals IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	ABS Marine Services IPO	Shivam Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Aryaman Financial Services Limited
Registrar	Purva Sharegistry India Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Giriraj Stock Broking 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 ABS Marine Services IPO is up to ₹96.29 Cr whereas the issue size of the Shivam Chemicals IPO is up to ₹20.18 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Shivam Chemicals IPO is ₹44.00 per share.

	ABS Marine Services IPO	Shivam Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹140.00 per share
Issue Price (Upper)	₹147.00 per share
Issue Price (Final)	₹147.00 per share	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	3000 shares
Fresh Issue Size	65,50,000 shares	45,87,000 shares
Fresh Issue Size (Amount)	up to ₹96.29 Cr	up to ₹20.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	45,87,000 shares
Issue Size Total (Amount)	up to ₹96.29 Cr	up to ₹20.18 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Shivam Chemicals IPO opens on Apr 23, 2024. The closing date of ABS Marine Services IPO and Shivam Chemicals IPO is May 15, 2024, and Apr 25, 2024, respectively.

	ABS Marine Services IPO	Shivam Chemicals IPO
Anchor Bid Date	May 09, 2024
Issue Open	May 10, 2024	Apr 23, 2024
Issue Close	May 15, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	May 16, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	May 17, 2024	Apr 29, 2024
Credit of Share (Tentative)	May 17, 2024	Apr 29, 2024
Listing date (Tentative)	May 21, 2024	Apr 30, 2024
Anchor Lockin End date 1	Jun 15, 2024
Anchor Lockin End date 2	Aug 14, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Shivam Chemicals IPO P/E ratio of 15.26.

ABS Marine Services IPO

Shivam Chemicals IPO

Financial

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,480.99	17,552.50	16,663.28
Revenue	13,801.89	11,380.78	8,283.98
Profit After Tax	2,355.41	952.74	809.43
Net Worth	11,717.39	9,352.42	8,370.01
Reserves and Surplus	9,917.39	9,351.42	8,369.01
Total Borrowing	4,567.96	4,866.29	6,114.77
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)

86.50%

99.99%

Promoter Shareholding (Post-Issue)

63.42%

73.00%

P/E Ratio

11.23

15.26

Market Cap

₹360.88 Cr.

₹74.74 Cr.

ROE

5.13%%

ROCE

18.67%%

6.19%%

Debt/Equity

0.39

1.17

EPS

₹13.09

₹2.88

RoNW

20.10%%

5.06%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Shivam Chemicals IPO retail investors are offered 21,49,000 shares. Qualified institutional buyers (QIB) are offered 12,28,000 shares in ABS Marine Services IPO and 0 shares in Shivam Chemicals IPO.

	ABS Marine Services IPO	Shivam Chemicals IPO
Anchor Investor Reserveration	18,41,000 shares
Market Maker Reserveration	4,10,000 shares	2,31,000 shares
QIB	12,28,000 shares	0 shares
NII	9,22,000 shares	21,78,000 shares
RII	21,49,000 shares	21,78,000 shares
Employee	0 shares	0 shares
Others
Total	42,99,000 shares	43,56,000 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Shivam Chemicals IPO subscribed 6.61x.

	ABS Marine Services IPO	Shivam Chemicals IPO
QIB (times)	109.30x
NII (times)	270.94x	4.33x
Big NII (times)
Small NII (times)
RII (times)	110.24x	8.88x
Employee (times)
Other (times)
Total (times)	144.44x	6.61x

Compare with others

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

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