Comparison between City Crops Agro IPO and Karnika Industries IPO.
IPO Details
City Crops Agro IPO is a SME Fixed Price IPO proposed to list at BSE SME while Karnika Industries IPO is a SME Fixed Price proposed to list at NSE SME.
Issue Size and Price
The total issue size of City Crops Agro IPO is up to ₹14.25 Cr whereas the issue size of the Karnika Industries IPO is up to ₹23.81 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Karnika Industries IPO is ₹76.00 per share.
IPO Timetable
City Crops Agro IPO opens on Sep 26, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of City Crops Agro IPO and Karnika Industries IPO is Sep 29, 2023, and Oct 05, 2023, respectively.
| | City Crops Agro IPO | Karnika Industries IPO |
|---|
| Issue Open | Sep 26, 2023 | Sep 29, 2023 |
| Issue Close | Sep 29, 2023 | Oct 05, 2023 |
| Basis Of Allotment (Tentative) | Oct 05, 2023 | Oct 10, 2023 |
| Initiation of Refunds (Tentative) | Oct 06, 2023 | Oct 11, 2023 |
| Credit of Share (Tentative) | Oct 09, 2023 | Oct 12, 2023 |
| Listing date (Tentative) | Oct 10, 2023 | Oct 12, 2023 |
Financials & KPIs
City Crops Agro IPO P/E ratio is 22.03, as compared to Karnika Industries IPO P/E ratio of 7.57.
Shares Offered
In the City Crops Agro IPO Retail Individual Investors (RII) are offered 28,50,000 shares while in Karnika Industries IPO retail investors are offered 28,50,000 shares. Qualified Institutional Buyers (QIB) are offered in City Crops Agro IPO and in Karnika Industries IPO.
| | City Crops Agro IPO | Karnika Industries IPO |
|---|
| Market Maker Reservation | 3,00,000 shares | 1,66,400 shares |
| NII | 28,50,000 shares | 15,66,400 shares |
| RII | 28,50,000 shares | 15,66,400 shares |
| Total | 57,00,000 shares | 31,32,800 shares |
Bids Received (Subscription)
City Crops Agro IPO subscribed 3.47x in total, whereas Karnika Industries IPO subscribed 3.07x.
