Comparison between Canarys Automations IPO and Karnika Industries IPO.
Canarys Automations IPO is a SME Fixed Price IPO proposed to list at NSE SME while Karnika Industries IPO is a SME Fixed Price proposed to list at NSE SME.
| Canarys Automations IPO | Karnika Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Indorient Financial Services Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Alacrity Securities Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Canarys Automations IPO is up to ₹44.68 Cr whereas the issue size of the Karnika Industries IPO is up to ₹23.81 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Karnika Industries IPO is ₹76.00 per share.
| Canarys Automations IPO | Karnika Industries IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹29.00 per share | |
| Issue Price (Upper) | ₹31.00 per share | |
| Issue Price (Final) | ₹31.00 per share | ₹76.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 1600 shares |
| Fresh Issue Size | 1,44,12,000 shares | 31,32,800 shares |
| Fresh Issue Size (Amount) | up to ₹44.68 Cr | up to ₹23.81 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,44,12,000 shares | 31,32,800 shares |
| Issue Size Total (Amount) | up to ₹44.68 Cr | up to ₹23.81 Cr |
Canarys Automations IPO opens on Sep 27, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of Canarys Automations IPO and Karnika Industries IPO is Oct 03, 2023, and Oct 05, 2023, respectively.
| Canarys Automations IPO | Karnika Industries IPO | |
|---|---|---|
| Anchor Bid Date | Sep 26, 2023 | |
| Issue Open | Sep 27, 2023 | Sep 29, 2023 |
| Issue Close | Oct 03, 2023 | Oct 05, 2023 |
| Basis Of Allotment (Tentative) | Oct 06, 2023 | Oct 10, 2023 |
| Initiation of Refunds (Tentative) | Oct 09, 2023 | Oct 11, 2023 |
| Credit of Share (Tentative) | Oct 10, 2023 | Oct 12, 2023 |
| Listing date (Tentative) | Oct 11, 2023 | Oct 12, 2023 |
| Anchor Lockin End date 1 | Nov 05, 2023 | |
| Anchor Lockin End date 2 | Jan 04, 2024 |
Canarys Automations IPO P/E ratio is 15.82, as compared to Karnika Industries IPO P/E ratio of 7.57.
| Canarys Automations IPO | Karnika Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 77.49 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.82 | 7.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹174.17 Cr. | ₹94.24 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.92 | ₹9.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 31.64% | 45.76% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Canarys Automations IPO Retail Individual Investors (RII) are offered 50,48,000 shares while in Karnika Industries IPO retail investors are offered 50,48,000 shares. Qualified Institutional Buyers (QIB) are offered 39,68,000 shares in Canarys Automations IPO and in Karnika Industries IPO.
| Canarys Automations IPO | Karnika Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 32,32,000 shares | |
| Market Maker Reservation | 7,60,000 shares | 1,66,400 shares |
| QIB | 39,68,000 shares | |
| NII | 21,64,000 shares | 15,66,400 shares |
| RII | 50,48,000 shares | 15,66,400 shares |
| Employee | ||
| Others | ||
| Total | 1,44,12,000 shares | 31,32,800 shares |
Canarys Automations IPO subscribed 9.94x in total, whereas Karnika Industries IPO subscribed 3.07x.
| Canarys Automations IPO | Karnika Industries IPO | |
|---|---|---|
| QIB (times) | 2.73x | |
| NII (times) | 14.29x | 3.22x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 11.70x | 2.91x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 9.94x | 3.07x |
