Khazanchi Jewellers IPO vs Service Care IPO

Comparison between Khazanchi Jewellers IPO and Service Care IPO.

IPO Details

Khazanchi Jewellers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Service Care IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Khazanchi Jewellers IPO is up to ₹91.90 Cr whereas the issue size of the Service Care IPO is up to ₹19.63 Cr. The final issue price of Khazanchi Jewellers IPO is ₹140.00 per share and of Service Care IPO is ₹67.00 per share.

 Khazanchi Jewellers IPOService Care IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹63.00 per share
Issue Price (Upper)₹67.00 per share
Issue Price (Final)₹140.00 per share₹67.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares2000 shares
Fresh Issue Size65,64,000 shares29,30,000 shares
Fresh Issue Size (Amount)up to ₹91.90 Crup to ₹19.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total65,64,000 shares29,30,000 shares
Issue Size Total (Amount)up to ₹91.90 Crup to ₹19.63 Cr

IPO Timetable

Khazanchi Jewellers IPO opens on Jul 24, 2023, while Service Care IPO opens on Jul 14, 2023. The closing date of Khazanchi Jewellers IPO and Service Care IPO is Jul 28, 2023, and Jul 18, 2023, respectively.

 Khazanchi Jewellers IPOService Care IPO
Issue OpenJul 24, 2023Jul 14, 2023
Issue CloseJul 28, 2023Jul 18, 2023
Basis Of Allotment (Tentative)Aug 02, 2023Jul 21, 2023
Initiation of Refunds (Tentative)Aug 03, 2023Jul 24, 2023
Credit of Share (Tentative)Aug 04, 2023Jul 25, 2023
Listing date (Tentative)Aug 07, 2023Jul 26, 2023

Financials & KPIs

Khazanchi Jewellers IPO P/E ratio is 45.75, as compared to Service Care IPO P/E ratio of 21.2.

 Khazanchi Jewellers IPOService Care IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets145.07124.36113.20103.80
Total Income481.82258.00382.43361.65
Profit After Tax7.563.272.762.31
NET Worth36.0528.7225.4522.69
Reserves and Surplus26.1218.7815.5212.76
Total Borrowing84.6284.1274.8077.86
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets31.8124.3120.2019.21
Total Income132.17115.0289.33108.12
Profit After Tax3.021.740.231.36
NET Worth11.356.324.584.34
Reserves and Surplus11.336.314.574.33
Total Borrowing3.413.153.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)72.08%73.16%
P/E Ratio45.7521.2
Market Cap₹346.46 Cr.₹77.04 Cr.
ROE20.9832
ROCE18.9125
Debt/Equity1.450.54
EPS₹7.62₹1744.81
RoNW20.9827.59

Shares Offered

In the Khazanchi Jewellers IPO Retail Individual Investors (RII) are offered 32,82,000 shares while in Service Care IPO retail investors are offered 32,82,000 shares. Qualified Institutional Buyers (QIB) are offered in Khazanchi Jewellers IPO and 2,94,000 shares in Service Care IPO.

 Khazanchi Jewellers IPOService Care IPO
Market Maker Reservation3,46,000 shares1,56,000 shares
QIB2,94,000 shares
NII32,82,000 shares13,18,000 shares
RII32,82,000 shares13,18,000 shares
Total65,64,000 shares29,30,000 shares

Bids Received (Subscription)

Khazanchi Jewellers IPO subscribed 1.26x in total, whereas Service Care IPO subscribed 6.44x.

 Khazanchi Jewellers IPOService Care IPO
QIB (times)5.10x
NII (times)1.74x2.64x
RII (times)0.78x10.54x
Total (times)1.26x6.44x

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Khazanchi Jewellers IPO Vs Service Care IPO