Comparison between Karnavati Finance IPO and SSPN Finance IPO.
Karnavati Finance IPO is a SME Fixed Price IPO proposed to list at BSE SME while SSPN Finance IPO is a SME Fixed Price proposed to list at BSE SME.
| Karnavati Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Corporate Strategic Allianz Ltd. | First Overseas Capital Ltd. |
| Registrar | Satellite Corporate Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | NNM Securities Pvt.Ltd. | Choice Equity Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Karnavati Finance IPO is up to ₹2.44 Cr whereas the issue size of the SSPN Finance IPO is up to ₹1.42 Cr. The final issue price of Karnavati Finance IPO is ₹10.00 per share and of SSPN Finance IPO is ₹20.00 per share.
| Karnavati Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹10.00 per share | ₹20.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 10000 shares | 6000 shares |
| Fresh Issue Size | 24,40,000 shares | 7,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹2.44 Cr | up to ₹1.42 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 | 24,40,000 shares | 7,08,000 shares |
| Issue Size Total (Amount) | up to ₹2.44 Cr | up to ₹1.42 Cr |
Karnavati Finance IPO opens on Jan 19, 2015, while SSPN Finance IPO opens on Mar 10, 2015. The closing date of Karnavati Finance IPO and SSPN Finance IPO is Jan 21, 2015, and Mar 12, 2015, respectively.
| Karnavati Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 19, 2015 | Mar 10, 2015 |
| Issue Close | Jan 21, 2015 | Mar 12, 2015 |
| Basis Of Allotment (Tentative) | ||
| Initiation of Refunds (Tentative) | ||
| Credit of Share (Tentative) | ||
| Listing date (Tentative) | Feb 05, 2015 | Mar 16, 2015 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Karnavati Finance IPO P/E ratio is , as compared to SSPN Finance IPO P/E ratio of .
| Karnavati Finance IPO | SSPN Finance IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 98.2 | |||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | ||||||
| Market Cap | ₹8.36 Cr. | ₹3.79 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW | 1.44 |
In the Karnavati Finance IPO Retail Individual Investors (RII) are offered 12,20,000 shares while in SSPN Finance IPO retail investors are offered 12,20,000 shares. Qualified Institutional Buyers (QIB) are offered in Karnavati Finance IPO and in SSPN Finance IPO.
| Karnavati Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,40,000 shares | 42,000 shares |
| QIB | ||
| NII | 12,20,000 shares | 3,54,000 shares |
| RII | 12,20,000 shares | 3,54,000 shares |
| Employee | ||
| Others | ||
| Total | 24,40,000 shares | 7,08,000 shares |
Karnavati Finance IPO subscribed 1.20x in total, whereas SSPN Finance IPO subscribed 1.18x.
| Karnavati Finance IPO | SSPN Finance IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.48x | 1.36x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.93x | 1.00x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.20x | 1.18x |
