Birdy's IPO vs Shivam Chemicals IPO

Comparision between Birdy's IPO and Shivam Chemicals IPO.

IPO Details

Birdy's 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.

	Birdy's IPO	Shivam Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Rikhav Securities Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Birdy's IPO is up to ₹16.47 Cr whereas the issue size of the Shivam Chemicals IPO is up to ₹20.18 Cr. The final issue price of Birdy's IPO is ₹120.00 per share and of Shivam Chemicals IPO is ₹44.00 per share.

	Birdy's IPO	Shivam Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹120.00 per share	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	13,72,800 shares	45,87,000 shares
Fresh Issue Size (Amount)	up to ₹16.47 Cr	up to ₹20.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,72,800 shares	45,87,000 shares
Issue Size Total (Amount)	up to ₹16.47 Cr	up to ₹20.18 Cr

IPO Timetable

Birdy's IPO opens on Apr 15, 2024, while Shivam Chemicals IPO opens on Apr 23, 2024. The closing date of Birdy's IPO and Shivam Chemicals IPO is Apr 18, 2024, and Apr 25, 2024, respectively.

	Birdy's IPO	Shivam Chemicals IPO
Anchor Bid Date
Issue Open	Apr 15, 2024	Apr 23, 2024
Issue Close	Apr 18, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	Apr 19, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	Apr 22, 2024	Apr 29, 2024
Credit of Share (Tentative)	Apr 22, 2024	Apr 29, 2024
Listing date (Tentative)	Apr 23, 2024	Apr 30, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Birdy's IPO P/E ratio is 23.12, as compared to Shivam Chemicals IPO P/E ratio of 15.26.

Birdy's IPO

Shivam Chemicals IPO

Financial

Grill Splendour Services Limited Financial Information (Restated)

Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,211.54	764.02	290.59	265.98
Revenue	885.64	1,531.62	1,152.27	825.22
Profit After Tax	61.65	199.10	3.46	-3.63
Net Worth	494.98	200.79	1.69	-1.77
Reserves and Surplus	111.44	199.79	0.69	-2.77
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)

49.75%

99.99%

Promoter Shareholding (Post-Issue)

36.64%

73.00%

P/E Ratio

23.12

15.26

Market Cap

₹62.50 Cr.

₹74.74 Cr.

ROE

5.13%%

ROCE

6.19%%

Debt/Equity

1.5

1.17

EPS

₹5.19

₹2.88

RoNW

12.46%%

5.06%%

Shares Offered

In the Birdy's IPO retail investors (RII) are offered 6,51,600 shares while in Shivam Chemicals IPO retail investors are offered 6,51,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Birdy's IPO and 0 shares in Shivam Chemicals IPO.

	Birdy's IPO	Shivam Chemicals IPO
Anchor Investor Reserveration
Market Maker Reserveration	69,600 shares	2,31,000 shares
QIB	0 shares	0 shares
NII	6,51,600 shares	21,78,000 shares
RII	6,51,600 shares	21,78,000 shares
Employee	0 shares	0 shares
Others
Total	13,03,200 shares	43,56,000 shares

Bids Received (Subscription)

Birdy's IPO subscribed 8.68x in total, whereas Shivam Chemicals IPO subscribed 6.61x.

	Birdy's IPO	Shivam Chemicals IPO
QIB (times)
NII (times)	4.59x	4.33x
Big NII (times)
Small NII (times)
RII (times)	12.78x	8.88x
Employee (times)
Other (times)
Total (times)	8.68x	6.61x

Compare with others

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

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