Comparison between City Crops Agro IPO and Karnika Industries IPO.
City Crops Agro IPO is a SME Fixed Price IPO proposed to list at BSE SME while Karnika Industries IPO is a SME Fixed Price proposed to list at NSE SME.
| City Crops Agro IPO | Karnika Industries 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. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Mnm Stock Broking Pvt.Ltd. | Spread X Securities 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 City Crops Agro IPO is up to ₹14.25 Cr whereas the issue size of the Karnika Industries IPO is up to ₹23.81 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Karnika Industries IPO is ₹76.00 per share.
| City Crops Agro IPO | Karnika Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹25.00 per share | ₹76.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 6000 shares | 1600 shares |
| Fresh Issue Size | 57,00,000 shares | 31,32,800 shares |
| Fresh Issue Size (Amount) | up to ₹14.25 Cr | up to ₹23.81 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 | 57,00,000 shares | 31,32,800 shares |
| Issue Size Total (Amount) | up to ₹14.25 Cr | up to ₹23.81 Cr |
City Crops Agro IPO opens on Sep 26, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of City Crops Agro IPO and Karnika Industries IPO is Sep 29, 2023, and Oct 05, 2023, respectively.
| City Crops Agro IPO | Karnika Industries 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 10, 2023 |
| Initiation of Refunds (Tentative) | Oct 06, 2023 | Oct 11, 2023 |
| Credit of Share (Tentative) | Oct 09, 2023 | Oct 12, 2023 |
| Listing date (Tentative) | Oct 10, 2023 | Oct 12, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
City Crops Agro IPO P/E ratio is 22.03, as compared to Karnika Industries IPO P/E ratio of 7.57.
| City Crops Agro IPO | Karnika Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 86.51 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 54.70 | 73.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 22.03 | 7.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹40.79 Cr. | ₹94.24 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.13 | ₹9.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 9.80% | 45.76% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the City Crops Agro IPO Retail Individual Investors (RII) are offered 28,50,000 shares while in Karnika Industries IPO retail investors are offered 28,50,000 shares. Qualified Institutional Buyers (QIB) are offered in City Crops Agro IPO and in Karnika Industries IPO.
| City Crops Agro IPO | Karnika Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 3,00,000 shares | 1,66,400 shares |
| QIB | ||
| NII | 28,50,000 shares | 15,66,400 shares |
| RII | 28,50,000 shares | 15,66,400 shares |
| Employee | ||
| Others | ||
| Total | 57,00,000 shares | 31,32,800 shares |
City Crops Agro IPO subscribed 3.47x in total, whereas Karnika Industries IPO subscribed 3.07x.
| City Crops Agro IPO | Karnika Industries IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.15x | 3.22x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 4.78x | 2.91x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.47x | 3.07x |
