Committed Cargo Care IPO vs Service Care IPO

Comparision between Committed Cargo Care IPO and Service Care IPO.

IPO Details

Committed Cargo Care IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Service Care IPO is a SME Book Built Issue proposed to list at NSE SME.

	Committed Cargo Care IPO	Service Care IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt Ltd	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Integrated Registry Management Services Private Limited
Market Maker	Nikunj Stock Brokers Limited	Rikhav Securities 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 Committed Cargo Care IPO is up to ₹24.98 Cr whereas the issue size of the Service Care IPO is up to ₹20.68 Cr. The final issue price of Committed Cargo Care IPO is ₹77.00 per share and of Service Care IPO is ₹67.00 per share.

	Committed Cargo Care IPO	Service 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)	₹77.00 per share	₹67.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	32,44,000 shares	30,86,000 shares
Fresh Issue Size (Amount)	up to ₹24.98 Cr	up to ₹20.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,44,000 shares	30,86,000 shares
Issue Size Total (Amount)	up to ₹24.98 Cr	up to ₹20.68 Cr

IPO Timetable

Committed Cargo Care IPO opens on Oct 06, 2023, while Service Care IPO opens on Jul 14, 2023. The closing date of Committed Cargo Care IPO and Service Care IPO is Oct 10, 2023, and Jul 18, 2023, respectively.

	Committed Cargo Care IPO	Service Care IPO
Anchor Bid Date
Issue Open	Oct 06, 2023	Jul 14, 2023
Issue Close	Oct 10, 2023	Jul 18, 2023
Basis Of Allotment (Tentative)	Oct 13, 2023	Jul 21, 2023
Initiation of Refunds (Tentative)	Oct 16, 2023	Jul 24, 2023
Credit of Share (Tentative)	Oct 17, 2023	Jul 25, 2023
Listing date (Tentative)	Oct 18, 2023	Jul 26, 2023
Anchor Lockin End date 1	Nov 12, 2023	Aug 20, 2023
Anchor Lockin End date 2	Jan 11, 2024	Oct 19, 2023

Financials

Committed Cargo Care IPO P/E ratio is 10.94, as compared to Service Care IPO P/E ratio of 21.2.

Committed Cargo Care IPO

Service Care IPO

Financial

Committed Cargo Care Limited Financial Information (Restated Standalone)

Committed Cargo Care Limited's revenue decreased by -16.22% and profit after tax (PAT) rose by 72.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	4,015.13	3,309.84	3,035.65	2,599.79
Revenue	12,242.77	14,612.17	11,385.89	8,404.10
Profit After Tax	533.17	308.72	232.20	151.10
Net Worth	2,884.79	2,351.63	2,042.90	1,810.70
Reserves and Surplus	2,127.83	1,594.67	1,285.94	1,053.74
Total Borrowing	67.34	14.69	31.42	65.19
Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

98.00%

100%

Promoter Shareholding (Post-Issue)

68.63%

P/E Ratio

10.94

21.2

Market Cap

₹83.23 Cr.

₹77.04 Cr.

ROE

18.48%%

0.34%

ROCE

24.06%%

0.37%

Debt/Equity

EPS

₹7.04

₹1744.81

RoNW

18.48%%

26.65%

Shares Offered

In the Committed Cargo Care IPO retail investors (RII) are offered 15,37,600 shares while in Service Care IPO retail investors are offered 15,37,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Committed Cargo Care IPO and 2,94,000 shares in Service Care IPO.

	Committed Cargo Care IPO	Service Care IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,64,800 shares	1,56,000 shares
QIB	0 shares	2,94,000 shares
NII	15,37,600 shares	13,18,000 shares
RII	15,37,600 shares	13,18,000 shares
Employee	0 shares	0 shares
Others
Total	30,75,200 shares	29,30,000 shares

Bids Received (Subscription)

Committed Cargo Care IPO subscribed 87.78x in total, whereas Service Care IPO subscribed 6.44x.

	Committed Cargo Care IPO	Service Care IPO
QIB (times)		5.10x
NII (times)	94.20x	2.64x
Big NII (times)
Small NII (times)
RII (times)	78.73x	10.54x
Employee (times)
Other (times)
Total (times)	87.78x	6.44x

Compare with others

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

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