Comrade Appliances IPO vs Cosmic CRF IPO

Comparison between Comrade Appliances IPO and Cosmic CRF IPO.

IPO Details

Comrade Appliances IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Cosmic CRF IPO is a SME Bookbuilding proposed to list at BSE SME.

	Comrade Appliances IPO	Cosmic CRF IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Ltd.	Horizon Management Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	MAS Services Ltd.
Market Maker	Gretex Share Broking Pvt.Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Comrade Appliances IPO is up to ₹11.69 Cr whereas the issue size of the Cosmic CRF IPO is up to ₹54.35 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Cosmic CRF IPO is ₹314.00 per share.

	Comrade Appliances IPO	Cosmic CRF IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share	₹298.00 per share
Issue Price (Upper)	₹54.00 per share	₹314.00 per share
Issue Price (Final)	₹54.00 per share	₹314.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	400 shares
Fresh Issue Size	21,64,000 shares	17,30,800 shares
Fresh Issue Size (Amount)	up to ₹11.69 Cr	up to ₹54.35 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	21,64,000 shares	17,30,800 shares
Issue Size Total (Amount)	up to ₹11.69 Cr	up to ₹54.35 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Cosmic CRF IPO opens on Jun 14, 2023. The closing date of Comrade Appliances IPO and Cosmic CRF IPO is Jun 05, 2023, and Jun 21, 2023, respectively.

	Comrade Appliances IPO	Cosmic CRF IPO
Anchor Bid Date	May 30, 2023
Issue Open	May 31, 2023	Jun 14, 2023
Issue Close	Jun 05, 2023	Jun 21, 2023
Basis Of Allotment (Tentative)	Jun 08, 2023	Jun 26, 2023
Initiation of Refunds (Tentative)	Jun 09, 2023	Jun 27, 2023
Credit of Share (Tentative)	Jun 12, 2023	Jun 29, 2023
Listing date (Tentative)	Jun 13, 2023	Jun 30, 2023
Anchor Lockin End date 1	Jul 08, 2023
Anchor Lockin End date 2	Sep 06, 2023

Financials & KPIs

Comrade Appliances IPO P/E ratio is 17.14, as compared to Cosmic CRF IPO P/E ratio of 35.64.

Comrade Appliances IPO

Cosmic CRF IPO

Financials

Comrade Appliances Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,678.98	2,162.29	41.80	293.40	-38.97	400.93
31-Mar-21	3,140.65	2,603.85	20.21	241.77	-90.60	1,412.38
31-Mar-22	2,527.31	2,973.28	38.75	502.43	-14.87	1,113.79
31-Mar-23	2,753.18	2,699.43	163.57	689.41	164.33	1,766.48
Amount in ₹ Lakhs

Cosmic CRF Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1,605.02		-11.80	873.10	-11.80	671.72
31-Mar-23	6,875.24	12,149.31	641.20	1,629.40	629.40	3,151.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

98.42

Promoter Shareholding (Post-Issue)

69.74

72.52

P/E Ratio

17.14

35.64

Market Cap

₹40.66 Cr.

₹228.43 Cr.

ROE

0.27%

ROCE

0.16%

Debt/Equity

1.96

EPS

₹3.15

₹13.50

RoNW

23.73%

39.35

Shares Offered

In the Comrade Appliances IPO Retail Individual Investors (RII) are offered 7,58,000 shares while in Cosmic CRF IPO retail investors are offered 7,58,000 shares. Qualified Institutional Buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 34,400 shares in Cosmic CRF IPO.

	Comrade Appliances IPO	Cosmic CRF IPO
Anchor Investor Reserveration	6,48,000 shares
Market Maker Reserveration	1,14,000 shares	91,200 shares
QIB	4,32,000 shares	34,400 shares
NII	3,26,000 shares	3,98,400 shares
RII	7,58,000 shares	12,98,000 shares
Employee
Others
Total	21,64,000 shares	17,30,800 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 77.25x in total, whereas Cosmic CRF IPO subscribed 1.16x.

	Comrade Appliances IPO	Cosmic CRF IPO
QIB (times)	21.86x	3.76x
NII (times)	162.67x	2.76x
Big NII (times)
Small NII (times)
RII (times)	72.08x	0.60x
Employee (times)
Other (times)
Total (times)	77.25x	1.16x

Compare with others

Comrade Appliances IPO	Cosmic CRF IPO
Cosmic CRF IPO	Essen Speciality Films IPO
Sonalis Consumer Products IPO	Vilin Bio Med IPO
Kore Digital IPO	Cell Point IPO
Sahana System IPO	Bizotic Commercial IPO
CFF Fluid Control IPO	Urban Enviro Waste Management IPO
Infollion Research IPO	Sonalis Consumer Products IPO
Proventus Agrocom IPO	Kore Digital IPO
Hemant Surgical Industries IPO	Sahana System IPO
Vasa Denticity IPO	CFF Fluid Control IPO
Spectrum Talent Management IPO	Comrade Appliances IPO