Amkay Products IPO vs Shivam Chemicals IPO

Comparision between Amkay Products IPO and Shivam Chemicals IPO.

IPO Details

Amkay Products 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.

	Amkay Products 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	Hem Securities Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Hem Finlease 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 Amkay Products IPO is up to ₹12.61 Cr whereas the issue size of the Shivam Chemicals IPO is up to ₹20.18 Cr. The final issue price of Amkay Products IPO is ₹55.00 per share and of Shivam Chemicals IPO is ₹44.00 per share.

	Amkay Products IPO	Shivam Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹55.00 per share
Issue Price (Final)	₹55.00 per share	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	22,92,000 shares	45,87,000 shares
Fresh Issue Size (Amount)	up to ₹12.61 Cr	up to ₹20.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,92,000 shares	45,87,000 shares
Issue Size Total (Amount)	up to ₹12.61 Cr	up to ₹20.18 Cr

IPO Timetable

Amkay Products IPO opens on Apr 30, 2024, while Shivam Chemicals IPO opens on Apr 23, 2024. The closing date of Amkay Products IPO and Shivam Chemicals IPO is May 03, 2024, and Apr 25, 2024, respectively.

	Amkay Products IPO	Shivam Chemicals IPO
Anchor Bid Date	Apr 29, 2024
Issue Open	Apr 30, 2024	Apr 23, 2024
Issue Close	May 03, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	May 06, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	May 07, 2024	Apr 29, 2024
Credit of Share (Tentative)	May 07, 2024	Apr 29, 2024
Listing date (Tentative)	May 08, 2024	Apr 30, 2024
Anchor Lockin End date 1	Jun 05, 2024
Anchor Lockin End date 2	Aug 04, 2024

Financials

Amkay Products IPO P/E ratio is 23.18, as compared to Shivam Chemicals IPO P/E ratio of 15.26.

Amkay Products IPO

Shivam Chemicals IPO

Financial

Amkay Products Limited Financial Information (Restated)

Amkay Products Limited's revenue decreased by -23.22% and profit after tax (PAT) rose by 2.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,887.52	1,563.77	1,580.64	1,393.47
Revenue	2,385.56	2,825.05	3,679.45	4,071.74
Profit After Tax	215.34	151.02	146.71	312.68
Net Worth	986.96	771.62	620.60	473.90
Reserves and Surplus	350.59	743.95	592.93	446.23
Total Borrowing	476.22	469.98	433.59	136.54
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)

99.89%

99.99%

Promoter Shareholding (Post-Issue)

73.44%

73.00%

P/E Ratio

23.18

15.26

Market Cap

₹47.61 Cr.

₹74.74 Cr.

ROE

24.49%%

5.13%%

ROCE

21.54%%

6.19%%

Debt/Equity

0.48

1.17

EPS

₹2.37

₹2.88

RoNW

21.82%%

5.06%%

Shares Offered

In the Amkay Products IPO retail investors (RII) are offered 7,62,000 shares while in Shivam Chemicals IPO retail investors are offered 7,62,000 shares. Qualified institutional buyers (QIB) are offered 4,34,000 shares in Amkay Products IPO and 0 shares in Shivam Chemicals IPO.

	Amkay Products IPO	Shivam Chemicals IPO
Anchor Investor Reserveration	6,50,000 shares
Market Maker Reserveration	1,20,000 shares	2,31,000 shares
QIB	4,34,000 shares	0 shares
NII	3,26,000 shares	21,78,000 shares
RII	7,62,000 shares	21,78,000 shares
Employee	0 shares	0 shares
Others
Total	15,22,000 shares	43,56,000 shares

Bids Received (Subscription)

Amkay Products IPO subscribed 748.03x in total, whereas Shivam Chemicals IPO subscribed 6.61x.

	Amkay Products IPO	Shivam Chemicals IPO
QIB (times)	173.04x
NII (times)	987.34x	4.33x
Big NII (times)
Small NII (times)
RII (times)	973.14x	8.88x
Employee (times)
Other (times)
Total (times)	748.03x	6.61x

Compare with others

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

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