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Mehul Colours IPO vs Shipwaves Online IPO

Comparison between Mehul Colours IPO and Shipwaves Online IPO.

IPO Details

Mehul Colours IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shipwaves Online IPO is a SME Fixed Price proposed to list at BSE SME.

 Mehul Colours IPOShipwaves Online IPO
LogoMehul Colours IPO LogoShipwaves Online IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersSeren Capital Pvt.Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerAsnani Stock Broker Pvt.Ltd.Anant Securities
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Mehul Colours IPO is up to ₹20.56 Cr whereas the issue size of the Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of Mehul Colours IPO is ₹72.00 per share and of Shipwaves Online IPO is ₹12.00 per share.

 Mehul Colours IPOShipwaves Online IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹68.00 per share
Issue Price (Upper)₹72.00 per share
Issue Price (Final)₹72.00 per share₹12.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares10000 shares
Fresh Issue Size28,56,000 shares4,46,10,000 shares
Fresh Issue Size (Amount)up to ₹20.56 Crup to ₹53.53 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total28,56,000 shares4,46,10,000 shares
Issue Size Total (Amount)up to ₹20.56 Crup to ₹53.53 Cr

IPO Timetable

Mehul Colours IPO opens on Jul 30, 2025, while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of Mehul Colours IPO and Shipwaves Online IPO is Aug 01, 2025, and Dec 12, 2025, respectively.

 Mehul Colours IPOShipwaves Online IPO
Anchor Bid DateJul 29, 2025
Issue OpenJul 30, 2025Dec 10, 2025
Issue CloseAug 01, 2025Dec 12, 2025
Basis Of Allotment (Tentative)Aug 04, 2025Dec 15, 2025
Initiation of Refunds (Tentative)Aug 05, 2025Dec 16, 2025
Credit of Share (Tentative)Aug 05, 2025Dec 16, 2025
Listing date (Tentative)Aug 06, 2025Dec 17, 2025
Anchor Lockin End date 1Sep 02, 2025
Anchor Lockin End date 2Nov 01, 2025

Financials & KPIs

Mehul Colours IPO P/E ratio is 9.87, as compared to Shipwaves Online IPO P/E ratio of 9.3.

 Mehul Colours IPOShipwaves Online IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets18.9513.8710.82
Total Income23.7122.6621.37
Profit After Tax5.503.222.94
EBITDA6.884.183.97
NET Worth17.0611.568.36
Reserves and Surplus9.5211.278.07
Total Borrowing0.36
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets98.3781.8653.9826.43
Total Income41.71108.6597.2869.49
Profit After Tax4.6812.206.292.24
EBITDA7.8918.9611.044.06
NET Worth30.7725.8714.82-1.31
Reserves and Surplus21.3216.425.37-0.41
Total Borrowing40.0434.5224.148.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.8699.96
Promoter Shareholding (Post-Issue)69.2466.73
P/E Ratio9.879.3
Market Cap₹75.95 Cr.₹169.79 Cr.
ROE38.4650.85
ROCE43.5325.79
Debt/Equity1.33
EPS₹7.30₹1.29
RoNW32.2641.89

Shares Offered

In the Mehul Colours IPO Retail Individual Investors (RII) are offered 10,01,600 shares while in Shipwaves Online IPO retail investors are offered 10,01,600 shares. Qualified Institutional Buyers (QIB) are offered 5,71,200 shares in Mehul Colours IPO and 0 shares in Shipwaves Online IPO.

 Mehul Colours IPOShipwaves Online IPO
Anchor Investor Reservation8,54,400 shares0 shares
Market Maker Reservation1,52,000 shares23,50,000 shares
QIB5,71,200 shares0 shares
NII4,28,800 shares2,23,00,000 shares
RII10,01,600 shares2,23,10,000 shares
Employee0 shares0 shares
Others
Total28,56,000 shares4,46,10,000 shares

Bids Received (Subscription)

Mehul Colours IPO subscribed 5.60x in total, whereas Shipwaves Online IPO subscribed 1.64x.

 Mehul Colours IPOShipwaves Online IPO
QIB (times)13.54x
NII (times)10.91x0.36x
Big NII (times)14.27x
Small NII (times)5.24x
RII (times)3.56x2.92x
Employee (times)
Other (times)
Total (times)5.60x1.64x

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Compare:

Mehul Colours IPO Vs Shipwaves Online IPO