Shivam Chemicals IPO vs Varyaa Creations IPO

Comparision between Shivam Chemicals IPO and Varyaa Creations IPO.

IPO Details

Shivam Chemicals IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Varyaa Creations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Shivam Chemicals IPO	Varyaa Creations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Aryaman Financial Services Limited	Inventure Merchant Banker Services Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Svcm Securities Private 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 Shivam Chemicals IPO is up to ₹20.18 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of Shivam Chemicals IPO is ₹44.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

	Shivam Chemicals IPO	Varyaa Creations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹44.00 per share	₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	45,87,000 shares	13,40,000 shares
Fresh Issue Size (Amount)	up to ₹20.18 Cr	up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	45,87,000 shares	13,40,000 shares
Issue Size Total (Amount)	up to ₹20.18 Cr	up to ₹20.10 Cr

IPO Timetable

Shivam Chemicals IPO opens on Apr 23, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Shivam Chemicals IPO and Varyaa Creations IPO is Apr 25, 2024, and Apr 25, 2024, respectively.

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

Financials

Shivam Chemicals IPO P/E ratio is 15.26, as compared to Varyaa Creations IPO P/E ratio of 65.56.

Shivam Chemicals IPO

Varyaa Creations IPO

Financial

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

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,049.17	2,000.55	143.78	218.32
Revenue	1,762.49	538.03	253.13	12.05
Profit After Tax	351.11	78.93	57.98	-13.06
Net Worth	410.56	59.45	-19.47	-77.46
Reserves and Surplus	65.56	44.45	-34.47	-92.46
Total Borrowing			44.81	283.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

73.00%

72.02%

P/E Ratio

15.26

65.56

Market Cap

₹74.74 Cr.

₹71.85 Cr.

ROE

5.13%%

85.52%%

ROCE

6.19%%

114.57%%

Debt/Equity

1.17

EPS

₹2.88

₹2.29

RoNW

5.06%%

85.52%%

Shares Offered

In the Shivam Chemicals IPO retail investors (RII) are offered 21,78,000 shares while in Varyaa Creations IPO retail investors are offered 21,78,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Shivam Chemicals IPO and 0 shares in Varyaa Creations IPO.

	Shivam Chemicals IPO	Varyaa Creations IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,31,000 shares	70,000 shares
QIB	0 shares	0 shares
NII	21,78,000 shares	6,35,000 shares
RII	21,78,000 shares	6,35,000 shares
Employee	0 shares	0 shares
Others
Total	43,56,000 shares	12,70,000 shares

Bids Received (Subscription)

Shivam Chemicals IPO subscribed 6.61x in total, whereas Varyaa Creations IPO subscribed 3.59x.

	Shivam Chemicals IPO	Varyaa Creations IPO
QIB (times)
NII (times)	4.33x	1.08x
Big NII (times)
Small NII (times)
RII (times)	8.88x	6.09x
Employee (times)
Other (times)
Total (times)	6.61x	3.59x

Compare with others

Shivam Chemicals IPO	Varyaa Creations 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
ABS Marine Services IPO	Shivam Chemicals 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
Greenhitech Ventures IPO	Finelistings Technologies IPO

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