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Arvind & Co.Shipping IPO vs City Crops Agro IPO

Comparison between Arvind & Co.Shipping IPO and City Crops Agro IPO.

IPO Details

Arvind & Co.Shipping IPO is a SME Fixed Price IPO proposed to list at NSE SME while City Crops Agro IPO is a SME Fixed Price proposed to list at BSE SME.

 Arvind & Co.Shipping IPOCity Crops Agro IPO
LogoArvind & Co.Shipping IPO LogoCity Crops Agro IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Turnaround Corporate Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Mnm Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Arvind & Co.Shipping IPO is up to ₹13.99 Cr whereas the issue size of the City Crops Agro IPO is up to ₹14.25 Cr. The final issue price of Arvind & Co.Shipping IPO is ₹45.00 per share and of City Crops Agro IPO is ₹25.00 per share.

 Arvind & Co.Shipping IPOCity Crops Agro IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹45.00 per share₹25.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares6000 shares
Fresh Issue Size31,08,000 shares57,00,000 shares
Fresh Issue Size (Amount)up to ₹13.99 Crup to ₹14.25 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,08,000 shares57,00,000 shares
Issue Size Total (Amount)up to ₹13.99 Crup to ₹14.25 Cr

IPO Timetable

Arvind & Co.Shipping IPO opens on Oct 12, 2023, while City Crops Agro IPO opens on Sep 26, 2023. The closing date of Arvind & Co.Shipping IPO and City Crops Agro IPO is Oct 16, 2023, and Sep 29, 2023, respectively.

 Arvind & Co.Shipping IPOCity Crops Agro IPO
Anchor Bid Date
Issue OpenOct 12, 2023Sep 26, 2023
Issue CloseOct 16, 2023Sep 29, 2023
Basis Of Allotment (Tentative)Oct 19, 2023Oct 05, 2023
Initiation of Refunds (Tentative)Oct 20, 2023Oct 06, 2023
Credit of Share (Tentative)Oct 23, 2023Oct 09, 2023
Listing date (Tentative)Oct 25, 2023Oct 10, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Arvind & Co.Shipping IPO P/E ratio is 9.74, as compared to City Crops Agro IPO P/E ratio of 22.03.

 Arvind & Co.Shipping IPOCity Crops Agro IPO
Financials

Arvind and Company Shipping Agency Limited Financial Information (Restated Standalone)

Arvind and Company Shipping Agency Limited's revenue increased by 153.77% and profit after tax (PAT) rose by 246.15% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets3,381.181,860.94578.46
Total Income841.10331.4452.51
Profit After Tax347.12100.2823.75
Net Worth914.05566.92467.61
Reserves and Surplus913.05565.92466.61
Total Borrowing2,232.211,221.04105.84
Amount in ₹ Lakhs
City Crops Agro IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets246.991,298.961,402.71
Total Income348.901,775.692,462.50
Profit After Tax4.3248.41117.08
Net Worth5.081,077.141,194.25
Reserves and Surplus4.0845.50162.57
Total Borrowing0.515.012.01
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10086.51
Promoter Shareholding (Post-Issue)7354.70
P/E Ratio9.7422.03
Market Cap₹54.62 Cr.₹40.79 Cr.
ROE46.88%
ROCE37.44%
Debt/Equity2.44
EPS₹4.62₹1.13
RoNW46.88%9.80%

Shares Offered

In the Arvind & Co.Shipping IPO Retail Individual Investors (RII) are offered 15,54,000 shares while in City Crops Agro IPO retail investors are offered 15,54,000 shares. Qualified Institutional Buyers (QIB) are offered in Arvind & Co.Shipping IPO and in City Crops Agro IPO.

 Arvind & Co.Shipping IPOCity Crops Agro IPO
Anchor Investor Reserveration
Market Maker Reserveration1,68,000 shares3,00,000 shares
QIB
NII15,54,000 shares28,50,000 shares
RII15,54,000 shares28,50,000 shares
Employee
Others
Total31,08,000 shares57,00,000 shares

Bids Received (Subscription)

Arvind & Co.Shipping IPO subscribed 385.03x in total, whereas City Crops Agro IPO subscribed 3.47x.

 Arvind & Co.Shipping IPOCity Crops Agro IPO
QIB (times)
NII (times)436.05x2.15x
Big NII (times)
Small NII (times)
RII (times)321.97x4.78x
Employee (times)
Other (times)
Total (times)385.03x3.47x