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City Crops Agro IPO vs On Door Concepts IPO

Comparison between City Crops Agro IPO and On Door Concepts IPO.

IPO Details

City Crops Agro IPO is a SME Fixed Price IPO proposed to list at BSE SME while On Door Concepts IPO is a SME Fixed Price proposed to list at NSE SME.

 City Crops Agro IPOOn Door Concepts IPO
LogoCity Crops Agro IPO LogoOn Door Concepts IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersTurnaround Corporate Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerMnm Stock Broking Pvt.Ltd.Bhh Securities 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 City Crops Agro IPO is up to ₹14.25 Cr whereas the issue size of the On Door Concepts IPO is up to ₹29.38 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of On Door Concepts IPO is ₹208.00 per share.

 City Crops Agro IPOOn Door Concepts IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹25.00 per share₹208.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares600 shares
Fresh Issue Size57,00,000 shares14,12,400 shares
Fresh Issue Size (Amount)up to ₹14.25 Crup to ₹29.38 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares14,12,400 shares
Issue Size Total (Amount)up to ₹14.25 Crup to ₹29.38 Cr

IPO Timetable

City Crops Agro IPO opens on Sep 26, 2023, while On Door Concepts IPO opens on Oct 23, 2023. The closing date of City Crops Agro IPO and On Door Concepts IPO is Sep 29, 2023, and Oct 27, 2023, respectively.

 City Crops Agro IPOOn Door Concepts IPO
Anchor Bid Date
Issue OpenSep 26, 2023Oct 23, 2023
Issue CloseSep 29, 2023Oct 27, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Oct 31, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Nov 01, 2023
Credit of Share (Tentative)Oct 09, 2023Nov 01, 2023
Listing date (Tentative)Oct 10, 2023Nov 01, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

City Crops Agro IPO P/E ratio is 22.03, as compared to On Door Concepts IPO P/E ratio of 4.56.

 City Crops Agro IPOOn Door Concepts IPO
Financials
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

On Door Concepts Limited Financial Information (Restated)

On Door Concepts Limited's revenue increased by 3.93% and profit after tax (PAT) rose by 343.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets9,009.467,782.376,563.49
Total Income18,015.0217,333.0918,306.01
Profit After Tax1,306.18-536.98-523.44
Net Worth5,120.78-6,625.38-6,088.40
Reserves and Surplus4,734.32-6,827.89-6,290.91
Total Borrowing
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.5151.92
Promoter Shareholding (Post-Issue)54.7038.14
P/E Ratio22.034.56
Market Cap₹40.79 Cr.₹117.49 Cr.
ROE25.51%
ROCE50.90%
Debt/Equity
EPS₹1.13₹56.77
RoNW9.80%25.51%

Shares Offered

In the City Crops Agro IPO Retail Individual Investors (RII) are offered 28,50,000 shares while in On Door Concepts IPO retail investors are offered 28,50,000 shares. Qualified Institutional Buyers (QIB) are offered in City Crops Agro IPO and in On Door Concepts IPO.

 City Crops Agro IPOOn Door Concepts IPO
Anchor Investor Reserveration
Market Maker Reserveration3,00,000 shares86,400 shares
QIB
NII28,50,000 shares7,06,200 shares
RII28,50,000 shares7,06,200 shares
Employee
Others
Total57,00,000 shares14,12,400 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas On Door Concepts IPO subscribed 5.59x.

 City Crops Agro IPOOn Door Concepts IPO
QIB (times)
NII (times)2.15x3.16x
Big NII (times)
Small NII (times)
RII (times)4.78x7.87x
Employee (times)
Other (times)
Total (times)3.47x5.59x