Service Care IPO vs Srivari Spices and Foods IPO

Comparision between Service Care IPO and Srivari Spices and Foods IPO.

IPO Details

Service Care IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Srivari Spices and Foods IPO is a SME Book Built Issue proposed to list at NSE SME.

	Service Care IPO	Srivari Spices and Foods IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	GYR Capital Advisors Private Limited
Registrar	Integrated Registry Management Services Private Limited	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Nikunj Stock Brokers 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 Service Care IPO is up to ₹20.68 Cr whereas the issue size of the Srivari Spices and Foods IPO is up to ₹9.00 Cr. The final issue price of Service Care IPO is ₹67.00 per share and of Srivari Spices and Foods IPO is ₹42.00 per share.

	Service Care IPO	Srivari Spices and Foods IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share	₹40.00 per share
Issue Price (Upper)	₹67.00 per share	₹42.00 per share
Issue Price (Final)	₹67.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	30,86,000 shares	21,42,000 shares
Fresh Issue Size (Amount)	up to ₹20.68 Cr	up to ₹9.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,86,000 shares	21,42,000 shares
Issue Size Total (Amount)	up to ₹20.68 Cr	up to ₹9.00 Cr

IPO Timetable

Service Care IPO opens on Jul 14, 2023, while Srivari Spices and Foods IPO opens on Aug 07, 2023. The closing date of Service Care IPO and Srivari Spices and Foods IPO is Jul 18, 2023, and Aug 09, 2023, respectively.

	Service Care IPO	Srivari Spices and Foods IPO
Anchor Bid Date		Aug 04, 2023
Issue Open	Jul 14, 2023	Aug 07, 2023
Issue Close	Jul 18, 2023	Aug 09, 2023
Basis Of Allotment (Tentative)	Jul 21, 2023	Aug 14, 2023
Initiation of Refunds (Tentative)	Jul 24, 2023	Aug 16, 2023
Credit of Share (Tentative)	Jul 25, 2023	Aug 17, 2023
Listing date (Tentative)	Jul 26, 2023	Aug 18, 2023
Anchor Lockin End date 1	Aug 20, 2023	Sep 13, 2023
Anchor Lockin End date 2	Oct 19, 2023	Nov 12, 2023

Financials

Service Care IPO P/E ratio is 21.2, as compared to Srivari Spices and Foods IPO P/E ratio of 9.59.

Service Care IPO

Srivari Spices and Foods IPO

Financial

Service Care Private Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,920.92	10,812.34	136.28	434.38	433.38	306.01
31-Mar-21	2,019.92	8,933.38	23.46	457.84	456.84	314.56
31-Mar-22	2,430.89	11,501.64	174.48	632.32	631.32	341.47
31-Jan-23	3,181.30	13,217.29	302.34	1,134.66	1,133.41
Amount in ₹ Lakhs

Srivari Spices and Foods IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	235.88	627.38	1,067.62	2,568.13
Revenue	19.05	1,139.90	1,764.21	3,582.01
Profit After Tax	-10.69	35.26	72.84	312.61
Net Worth	177.54	426.91	499.75	910.02
Reserves and Surplus	-10.69	24.57	97.41	410.02
Total Borrowing			277.39	1,283.51

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.90%

Promoter Shareholding (Post-Issue)

P/E Ratio

21.2

9.59

Market Cap

₹77.04 Cr.

₹30.00 Cr.

ROE

0.34%

44.35%%

ROCE

0.37%

23.65%%

Debt/Equity

1.41

EPS

₹1744.81

₹4.45

RoNW

26.65%

24.79%%

Shares Offered

In the Service Care IPO retail investors (RII) are offered 13,18,000 shares while in Srivari Spices and Foods IPO retail investors are offered 13,18,000 shares. Qualified institutional buyers (QIB) are offered 2,94,000 shares in Service Care IPO and 4,08,000 shares in Srivari Spices and Foods IPO.

	Service Care IPO	Srivari Spices and Foods IPO
Anchor Investor Reserveration		6,06,000 shares
Market Maker Reserveration	1,56,000 shares	1,08,000 shares
QIB	2,94,000 shares	4,08,000 shares
NII	13,18,000 shares	3,06,000 shares
RII	13,18,000 shares	7,14,000 shares
Employee	0 shares	0 shares
Others
Total	29,30,000 shares	14,28,000 shares

Bids Received (Subscription)

Service Care IPO subscribed 6.44x in total, whereas Srivari Spices and Foods IPO subscribed 450.03x.

	Service Care IPO	Srivari Spices and Foods IPO
QIB (times)	5.10x	79.10x
NII (times)	2.64x	786.11x
Big NII (times)
Small NII (times)
RII (times)	10.54x	517.95x
Employee (times)
Other (times)
Total (times)	6.44x	450.03x

Compare with others

Service Care IPO	Srivari Spices and Foods IPO
Yasons Chemex Care IPO	Shri Techtex IPO
Committed Cargo Care IPO	Vinsys IT Services IPO
Khazanchi Jewellers IPO	Yasons Chemex Care IPO
Srivari Spices and Foods IPO	Committed Cargo Care IPO
Asarfi Hospital IPO	Khazanchi Jewellers IPO
Ahasolar Technologies IPO	Asarfi Hospital IPO
Drone Destination IPO	Service Care IPO
AccelerateBS India IPO	Ahasolar Technologies IPO
Synoptics Technologies IPO	Drone Destination IPO
Alphalogic Industries IPO	AccelerateBS India IPO

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