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Shivam Chemicals IPO vs Varyaa Creations IPO

Comparision between Shivam Chemicals IPO and Varyaa Creations IPO.

IPO Details

Shivam Chemicals IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Varyaa Creations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Shivam Chemicals IPO Varyaa Creations IPO
Logo Shivam Chemicals IPO Logo Varyaa Creations IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Aryaman Financial Services Limited Inventure Merchant Banker Services Pvt Ltd
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Shreni Shares Limited Svcm Securities Private 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 Shivam Chemicals IPO is up to ₹20.18 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of Shivam Chemicals IPO is ₹44.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

  Shivam Chemicals IPO Varyaa Creations IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹44.00 per share ₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1000 shares
Fresh Issue Size 45,87,000 shares 13,40,000 shares
Fresh Issue Size (Amount) up to ₹20.18 Cr up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 45,87,000 shares 13,40,000 shares
Issue Size Total (Amount) up to ₹20.18 Cr up to ₹20.10 Cr

IPO Timetable

Shivam Chemicals IPO opens on Apr 23, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Shivam Chemicals IPO and Varyaa Creations IPO is Apr 25, 2024, and Apr 25, 2024, respectively.

  Shivam Chemicals IPO Varyaa Creations IPO
Anchor Bid Date
Issue Open Apr 23, 2024 Apr 22, 2024
Issue Close Apr 25, 2024 Apr 25, 2024
Basis Of Allotment (Tentative) Apr 26, 2024 Apr 26, 2024
Initiation of Refunds (Tentative) Apr 29, 2024 Apr 29, 2024
Credit of Share (Tentative) Apr 29, 2024 Apr 29, 2024
Listing date (Tentative) Apr 30, 2024 Apr 30, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Shivam Chemicals IPO P/E ratio is 15.26, as compared to Varyaa Creations IPO P/E ratio of 65.56.

  Shivam Chemicals IPO Varyaa Creations IPO
Financial

Shivam Chemicals Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202331 Mar 2023
Assets3,881.923,117.11
Revenue10,710.7015,658.34
Profit After Tax70.79357.44
Net Worth1,399.641,328.35
Reserves and Surplus159.641,288.85
Total Borrowing1,638.201,351.37
Amount in ₹ Lakhs

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,049.172,000.55143.78218.32
Revenue1,762.49538.03253.1312.05
Profit After Tax351.1178.9357.98-13.06
Net Worth410.5659.45-19.47-77.46
Reserves and Surplus65.5644.45-34.47-92.46
Total Borrowing44.81283.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 100.00%
Promoter Shareholding (Post-Issue) 73.00% 72.02%
P/E Ratio 15.26 65.56
Market Cap ₹74.74 Cr. ₹71.85 Cr.
ROE 5.13%% 85.52%%
ROCE 6.19%% 114.57%%
Debt/Equity 1.17
EPS ₹2.88 ₹2.29
RoNW 5.06%% 85.52%%

Shares Offered

In the Shivam Chemicals IPO retail investors (RII) are offered 21,78,000 shares while in Varyaa Creations IPO retail investors are offered 21,78,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Shivam Chemicals IPO and 0 shares in Varyaa Creations IPO.

  Shivam Chemicals IPO Varyaa Creations IPO
Anchor Investor Reserveration
Market Maker Reserveration 2,31,000 shares 70,000 shares
QIB 0 shares 0 shares
NII 21,78,000 shares 6,35,000 shares
RII 21,78,000 shares 6,35,000 shares
Employee 0 shares 0 shares
Others
Total 43,56,000 shares 12,70,000 shares

Bids Received (Subscription)

Shivam Chemicals IPO subscribed 6.61x in total, whereas Varyaa Creations IPO subscribed 3.59x.

  Shivam Chemicals IPO Varyaa Creations IPO
QIB (times)
NII (times) 4.33x 1.08x
Big NII (times)
Small NII (times)
RII (times) 8.88x 6.09x
Employee (times)
Other (times)
Total (times) 6.61x 3.59x

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