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Comrade Appliances IPO vs Kore Digital IPO

Comparison between Comrade Appliances IPO and Kore Digital IPO.

IPO Details

Comrade Appliances IPO is a SME Fixed Price IPO proposed to list at BSE SME while Kore Digital IPO is a SME Fixed Price proposed to list at NSE SME.

 Comrade Appliances IPOKore Digital IPO
LogoComrade Appliances IPO LogoKore Digital IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO 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 Kore Digital IPO is up to ₹17.06 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Kore Digital IPO is ₹180.00 per share.

 Comrade Appliances IPOKore Digital IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹54.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares800 shares
Fresh Issue Size21,64,000 shares9,48,000 shares
Fresh Issue Size (Amount)up to ₹11.69 Crup to ₹17.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,64,000 shares9,48,000 shares
Issue Size Total (Amount)up to ₹11.69 Crup to ₹17.06 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Kore Digital IPO opens on Jun 02, 2023. The closing date of Comrade Appliances IPO and Kore Digital IPO is Jun 05, 2023, and Jun 07, 2023, respectively.

 Comrade Appliances IPOKore Digital IPO
Anchor Bid DateMay 30, 2023
Issue OpenMay 31, 2023Jun 02, 2023
Issue CloseJun 05, 2023Jun 07, 2023
Basis Of Allotment (Tentative)Jun 08, 2023Jun 12, 2023
Initiation of Refunds (Tentative)Jun 09, 2023Jun 13, 2023
Credit of Share (Tentative)Jun 12, 2023Jun 14, 2023
Listing date (Tentative)Jun 13, 2023Jun 14, 2023
Anchor Lockin End date 1Jul 08, 2023
Anchor Lockin End date 2Sep 06, 2023

Financials & KPIs

Comrade Appliances IPO P/E ratio is 17.14, as compared to Kore Digital IPO P/E ratio of 17.86.

 Comrade Appliances IPOKore Digital IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets27.5325.2731.4116.79
Total Income26.9929.7326.0421.62
Profit After Tax1.640.390.200.42
NET Worth6.895.022.422.93
Reserves and Surplus1.64-0.15-0.91-0.39
Total Borrowing17.6611.1414.124.01
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets15.7314.425.851.89
Total Income11.9616.943.980.88
Profit After Tax2.542.180.260.02
NET Worth5.062.520.340.08
Reserves and Surplus2.542.510.330.07
Total Borrowing1.840.180.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.7%
Promoter Shareholding (Post-Issue)69.74%71.38%
P/E Ratio17.1417.86
Market Cap₹40.66 Cr.₹63.36 Cr.
ROE0.270.67
ROCE0.160.49
Debt/Equity1.960.36
EPS₹3.15₹10.08
RoNW23.7350.18

Shares Offered

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

 Comrade Appliances IPOKore Digital IPO
Anchor Investor Reservation6,48,000 shares
Market Maker Reservation1,14,000 shares52,000 shares
QIB4,32,000 shares
NII3,26,000 shares4,74,000 shares
RII7,58,000 shares4,74,000 shares
Total21,64,000 shares9,48,000 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 54.12x in total, whereas Kore Digital IPO subscribed 41.47x.

 Comrade Appliances IPOKore Digital IPO
QIB (times)21.86x
NII (times)162.67x49.67x
RII (times)72.08x33.26x
Total (times)54.12x41.47x

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Compare:

Comrade Appliances IPO Vs Kore Digital IPO