Comparison between Advance Technoforge IPO and Shivashrit Foods IPO.
Advance Technoforge IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shivashrit Foods IPO is a SME Bookbuilding proposed to list at NSE SME.
| Advance Technoforge IPO | Shivashrit Foods IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | Mark Corporate Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | JSK Securities & Services Pvt.Ltd. | Asnani Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Advance Technoforge IPO is up to ₹22.80 Cr whereas the issue size of the Shivashrit Foods IPO is up to ₹66.51 Cr. The final issue price of Advance Technoforge IPO is ₹95.00 per share and of Shivashrit Foods IPO is ₹142.00 per share.
| Advance Technoforge IPO | Shivashrit Foods IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹135.00 per share | |
| Issue Price (Upper) | ₹142.00 per share | |
| Issue Price (Final) | ₹95.00 per share | ₹142.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 24,00,000 shares | 40,68,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.80 Cr | up to ₹57.77 Cr |
| OFS Issue Size | 0 shares | 6,16,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹8.75 Cr |
| Issue Size Total | 24,00,000 shares | 46,84,000 shares |
| Issue Size Total (Amount) | up to ₹22.80 Cr | up to ₹66.51 Cr |
Advance Technoforge IPO opens on Jul 27, 2026, while Shivashrit Foods IPO opens on Aug 22, 2025. The closing date of Advance Technoforge IPO and Shivashrit Foods IPO is Jul 29, 2026, and Aug 26, 2025, respectively.
| Advance Technoforge IPO | Shivashrit Foods IPO | |
|---|---|---|
| Anchor Bid Date | Aug 21, 2025 | |
| Issue Open | Jul 27, 2026 | Aug 22, 2025 |
| Issue Close | Jul 29, 2026 | Aug 26, 2025 |
| Basis Of Allotment (Tentative) | Jul 30, 2026 | Aug 28, 2025 |
| Initiation of Refunds (Tentative) | Jul 31, 2026 | Aug 29, 2025 |
| Credit of Share (Tentative) | Jul 31, 2026 | Aug 29, 2025 |
| Listing date (Tentative) | Aug 03, 2026 | Sep 01, 2025 |
| Anchor Lockin End date 1 | Sep 27, 2025 | |
| Anchor Lockin End date 2 | Nov 26, 2025 |
Advance Technoforge IPO P/E ratio is 15.22, as compared to Shivashrit Foods IPO P/E ratio of 16.44.
| Advance Technoforge IPO | Shivashrit Foods IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)Advance Technoforge Ltd.'s revenue decreased by 1% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100% | 100% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.99% | 73.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.22 | 16.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹85.78 Cr. | ₹259.42 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.33 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.52 | 42.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.29 | 1.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.24 | ₹8.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.33 | 34.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Advance Technoforge IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in Shivashrit Foods IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Advance Technoforge IPO and 9,36,000 shares in Shivashrit Foods IPO.
| Advance Technoforge IPO | Shivashrit Foods IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 14,03,000 shares |
| Market Maker Reservation | 1,29,600 shares | 2,48,000 shares |
| QIB | 0 shares | 9,36,000 shares |
| NII | 12,00,000 shares | 7,05,000 shares |
| RII | 12,00,000 shares | 16,40,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 24,00,000 shares | 46,84,000 shares |
Advance Technoforge IPO subscribed in total, whereas Shivashrit Foods IPO subscribed 2.02x.
| Advance Technoforge IPO | Shivashrit Foods IPO | |
|---|---|---|
| QIB (times) | 1.59x | |
| NII (times) | 5.16x | |
| Big NII (times) | 6.38x | |
| Small NII (times) | 2.73x | |
| RII (times) | 2.65x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.02x |
