City Crops Agro IPO vs Sharp Chucks IPO

Comparison between City Crops Agro IPO and Sharp Chucks IPO.

IPO Details

City Crops Agro IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sharp Chucks IPO is a SME Fixed Price proposed to list at NSE SME.

	City Crops Agro IPO	Sharp Chucks IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Turnaround Corporate Advisors Pvt.Ltd.	Fedex Securities Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Mnm Stock Broking Pvt.Ltd.	Nikunj Stock Brokers Ltd.
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 City Crops Agro IPO is up to ₹14.25 Cr whereas the issue size of the Sharp Chucks IPO is up to ₹15.98 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Sharp Chucks IPO is ₹58.00 per share.

	City Crops Agro IPO	Sharp Chucks IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹25.00 per share	₹58.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	6000 shares	2000 shares
Fresh Issue Size	57,00,000 shares	8,27,484 shares
Fresh Issue Size (Amount)	up to ₹14.25 Cr	up to ₹4.80 Cr
OFS Issue Size	0 shares	19,28,516 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹11.19 Cr
Issue Size Total	57,00,000 shares	27,56,000 shares
Issue Size Total (Amount)	up to ₹14.25 Cr	up to ₹15.98 Cr

IPO Timetable

City Crops Agro IPO opens on Sep 26, 2023, while Sharp Chucks IPO opens on Sep 29, 2023. The closing date of City Crops Agro IPO and Sharp Chucks IPO is Sep 29, 2023, and Oct 05, 2023, respectively.

	City Crops Agro IPO	Sharp Chucks IPO
Anchor Bid Date
Issue Open	Sep 26, 2023	Sep 29, 2023
Issue Close	Sep 29, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 05, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 09, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 10, 2023	Oct 12, 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 Sharp Chucks IPO P/E ratio of 11.2.

City Crops Agro IPO

Sharp Chucks IPO

Financials

City Crops Agro IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	246.99	1,298.96	1,402.71
Total Income	348.90	1,775.69	2,462.50
Profit After Tax	4.32	48.41	117.08
Net Worth	5.08	1,077.14	1,194.25
Reserves and Surplus	4.08	45.50	162.57
Total Borrowing	0.51	5.01	2.01

Amount in ₹ Lakhs

Sharp Chucks And Machines IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	13,397.98	18,392.09	18,003.58
Total Income	13,583.11	15,252.23	17,931.45
Profit After Tax	330.96	452.62	506.50
Net Worth	4,275.67	4,728.29	5,234.79
Reserves and Surplus	3,297.24	3,749.86	4,256.36
Total Borrowing	6,305.37	10,269.35	9,034.20

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.51

80.28

Promoter Shareholding (Post-Issue)

54.70

73.00

P/E Ratio

22.03

11.2

Market Cap

₹40.79 Cr.

₹62.41 Cr.

ROE

10.17%

ROCE

11.00%

Debt/Equity

1.73

EPS

₹1.13

₹5.18

RoNW

9.80%

9.68%

Shares Offered

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

	City Crops Agro IPO	Sharp Chucks IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,00,000 shares	1,48,000 shares
QIB
NII	28,50,000 shares	13,78,000 shares
RII	28,50,000 shares	13,78,000 shares
Employee
Others
Total	57,00,000 shares	27,56,000 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas Sharp Chucks IPO subscribed 54.20x.

	City Crops Agro IPO	Sharp Chucks IPO
QIB (times)
NII (times)	2.15x	38.76x
Big NII (times)
Small NII (times)
RII (times)	4.78x	63.69x
Employee (times)
Other (times)
Total (times)	3.47x	54.20x

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