Chavda Infra IPO vs Kahan Packaging IPO

Comparison between Chavda Infra IPO and Kahan Packaging IPO.

IPO Details

Chavda Infra IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kahan Packaging IPO is a SME Fixed Price proposed to list at BSE SME.

	Chavda Infra IPO	Kahan Packaging IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Hem Securities Ltd.
Registrar	Kfin Technologies Ltd.	Purva Sharegistry (India) Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Hem Finlease 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 Chavda Infra IPO is up to ₹41.08 Cr whereas the issue size of the Kahan Packaging IPO is up to ₹5.44 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Kahan Packaging IPO is ₹80.00 per share.

	Chavda Infra IPO	Kahan Packaging IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share
Issue Price (Upper)	₹65.00 per share
Issue Price (Final)	₹65.00 per share	₹80.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	63,20,000 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹41.08 Cr	up to ₹5.44 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	63,20,000 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹41.08 Cr	up to ₹5.44 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Kahan Packaging IPO opens on Sep 06, 2023. The closing date of Chavda Infra IPO and Kahan Packaging IPO is Sep 14, 2023, and Sep 08, 2023, respectively.

	Chavda Infra IPO	Kahan Packaging IPO
Anchor Bid Date	Sep 11, 2023
Issue Open	Sep 12, 2023	Sep 06, 2023
Issue Close	Sep 14, 2023	Sep 08, 2023
Basis Of Allotment (Tentative)	Sep 20, 2023	Sep 13, 2023
Initiation of Refunds (Tentative)	Sep 21, 2023	Sep 14, 2023
Credit of Share (Tentative)	Sep 22, 2023	Sep 15, 2023
Listing date (Tentative)	Sep 25, 2023	Sep 15, 2023
Anchor Lockin End date 1	Oct 20, 2023
Anchor Lockin End date 2	Dec 19, 2023

Financials & KPIs

Chavda Infra IPO P/E ratio is 9.72, as compared to Kahan Packaging IPO P/E ratio of 7.74.

Chavda Infra IPO

Kahan Packaging IPO

Financials

Chavda Infra IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	8,668.11	10,880.79	15,424.40
Total Income	9,131.05	10,987.68	16,203.37
Profit After Tax	443.84	521.46	1,204.62
Net Worth	1,314.28	1,835.74	3,040.36
Reserves and Surplus	1,164.28	1,685.74	1,240.36
Total Borrowing	3,330.32	4,993.14	5,328.95

Amount in ₹ Lakhs

Kahan Packaging IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,046.79	898.33	975.15	1,449.34
Total Income	1,357.76	1,212.81	1,590.63	1,755.93
Profit After Tax	1.05	1.57	19.77	103.38
Net Worth	48.19	49.75	69.53	172.91
Reserves and Surplus	-1.81	-0.25	19.53	72.91
Total Borrowing	490.93	442.29	616.58	773.90

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

99.95

Promoter Shareholding (Post-Issue)

73.49

P/E Ratio

9.72

7.74

Market Cap

₹160.26 Cr.

₹21.76 Cr.

ROE

49.41%

85.28%

ROCE

43.62%

19.77%

Debt/Equity

1.75

4.48

EPS

₹6.69

₹10.34

RoNW

39.62%

59.79%

Shares Offered

In the Chavda Infra IPO Retail Individual Investors (RII) are offered 22,12,000 shares while in Kahan Packaging IPO retail investors are offered 22,12,000 shares. Qualified Institutional Buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and in Kahan Packaging IPO.

	Chavda Infra IPO	Kahan Packaging IPO
Anchor Investor Reserveration	18,96,000 shares
Market Maker Reserveration	3,36,000 shares	40,000 shares
QIB	12,64,000 shares
NII	9,48,000 shares	3,39,200 shares
RII	22,12,000 shares	3,40,800 shares
Employee
Others
Total	63,20,000 shares	6,80,000 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Kahan Packaging IPO subscribed 730.45x.

	Chavda Infra IPO	Kahan Packaging IPO
QIB (times)	95.10x
NII (times)	241.96x	405.59x
Big NII (times)
Small NII (times)
RII (times)	202.07x	1,042.37x
Employee (times)
Other (times)
Total (times)	180.06x	730.45x

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