Shree OSFM E-Mobility IPO vs Siyaram Recycling IPO

Comparision between Shree OSFM E-Mobility IPO and Siyaram Recycling IPO.

IPO Details

Shree OSFM E-Mobility IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Siyaram Recycling IPO is a SME Book Built Issue proposed to list at BSE SME.

	Shree OSFM E-Mobility IPO	Siyaram Recycling IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Bhh Securities Private Limited	Hem Finlease Private 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 Shree OSFM E-Mobility IPO is up to ₹24.60 Cr whereas the issue size of the Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of Shree OSFM E-Mobility IPO is ₹65.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

	Shree OSFM E-Mobility IPO	Siyaram Recycling IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹43.00 per share
Issue Price (Upper)		₹46.00 per share
Issue Price (Final)	₹65.00 per share	₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	37,84,000 shares	49,92,000 shares
Fresh Issue Size (Amount)	up to ₹24.60 Cr	up to ₹22.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,84,000 shares	49,92,000 shares
Issue Size Total (Amount)	up to ₹24.60 Cr	up to ₹22.96 Cr

IPO Timetable

Shree OSFM E-Mobility IPO opens on Dec 14, 2023, while Siyaram Recycling IPO opens on Dec 14, 2023. The closing date of Shree OSFM E-Mobility IPO and Siyaram Recycling IPO is Dec 18, 2023, and Dec 18, 2023, respectively.

	Shree OSFM E-Mobility IPO	Siyaram Recycling IPO
Anchor Bid Date
Issue Open	Dec 14, 2023	Dec 14, 2023
Issue Close	Dec 18, 2023	Dec 18, 2023
Basis Of Allotment (Tentative)	Dec 19, 2023	Dec 19, 2023
Initiation of Refunds (Tentative)	Dec 20, 2023	Dec 20, 2023
Credit of Share (Tentative)	Dec 20, 2023	Dec 20, 2023
Listing date (Tentative)	Dec 21, 2023	Dec 21, 2023
Anchor Lockin End date 1	Jan 18, 2024	Jan 18, 2024
Anchor Lockin End date 2	Mar 18, 2024	Mar 18, 2024

Financials

Shree OSFM E-Mobility IPO P/E ratio is 22.08, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

Shree OSFM E-Mobility IPO

Siyaram Recycling IPO

Financial

Shree OSFM E-Mobility Limited Financial Information (Restated)

Shree OSFM E-Mobility Limited's revenue increased by 168.25% and profit after tax (PAT) rose by 89.88% 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	5,019.67	4,203.97	2,588.41	2,909.86
Revenue	5,597.09	8,261.01	3,079.58	2,978.51
Profit After Tax	222.59	309.09	162.78	73.76
Net Worth	2,267.95	2,045.36	1,736.27	1,607.99
Reserves and Surplus	1,217.95	995.36	1,586.27	1,457.99
Total Borrowing
Amount in ₹ Lakhs

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Revenue	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

76.02%

100%

Promoter Shareholding (Post-Issue)

55.88%

P/E Ratio

22.08

8.3

Market Cap

₹92.85 Cr.

₹86.47 Cr.

ROE

0.09%%

17.97%%

ROCE

0.21%%

13.42%%

Debt/Equity

0.45

1.44

EPS

₹2.94

₹5.54

RoNW

15.11%%

16.49%%

Shares Offered

In the Shree OSFM E-Mobility IPO retail investors (RII) are offered 17,92,000 shares while in Siyaram Recycling IPO retail investors are offered 17,92,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Shree OSFM E-Mobility IPO and 9,48,000 shares in Siyaram Recycling IPO.

	Shree OSFM E-Mobility IPO	Siyaram Recycling IPO
Anchor Investor Reserveration		14,22,000 shares
Market Maker Reserveration	2,00,000 shares	2,52,000 shares
QIB	0 shares	9,48,000 shares
NII	17,92,000 shares	7,11,000 shares
RII	17,92,000 shares	16,59,000 shares
Employee	0 shares	0 shares
Others
Total	35,84,000 shares	33,18,000 shares

Bids Received (Subscription)

Shree OSFM E-Mobility IPO subscribed 8.52x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

	Shree OSFM E-Mobility IPO	Siyaram Recycling IPO
QIB (times)		96.43x
NII (times)	6.82x	597.72x
Big NII (times)
Small NII (times)
RII (times)	9.30x	459.11x
Employee (times)
Other (times)
Total (times)	8.52x	385.19x

Compare with others

Shree OSFM E-Mobility IPO	Siyaram Recycling IPO
Sameera Agro IPO	Supreme Power Equipment IPO
Supreme Power Equipment IPO	Sahara Maritime IPO
Sahara Maritime IPO	Electro Force India IPO
Electro Force India IPO	Trident Techlabs IPO
Trident Techlabs IPO	Shree OSFM E-Mobility IPO
Siyaram Recycling IPO	Presstonic Engineering IPO
Presstonic Engineering IPO	S J Logistics IPO
S J Logistics IPO	Accent Microcell IPO
Accent Microcell IPO	Marinetrans India IPO
Marinetrans India IPO	Shanti Spintex IPO

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