Comparison between Karnika Industries IPO and Paragon Fine IPO.
Karnika Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Paragon Fine IPO is a SME Bookbuilding proposed to list at NSE SME.
| Karnika Industries IPO | Paragon Fine IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Hem Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services 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 |
The total issue size of Karnika Industries IPO is up to ₹23.81 Cr whereas the issue size of the Paragon Fine IPO is up to ₹49.04 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of Paragon Fine IPO is ₹100.00 per share.
| Karnika Industries IPO | Paragon Fine IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹95.00 per share | |
| Issue Price (Upper) | ₹100.00 per share | |
| Issue Price (Final) | ₹76.00 per share | ₹100.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 31,32,800 shares | 49,04,400 shares |
| Fresh Issue Size (Amount) | up to ₹23.81 Cr | up to ₹49.04 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 | 31,32,800 shares | 49,04,400 shares |
| Issue Size Total (Amount) | up to ₹23.81 Cr | up to ₹49.04 Cr |
Karnika Industries IPO opens on Sep 29, 2023, while Paragon Fine IPO opens on Oct 26, 2023. The closing date of Karnika Industries IPO and Paragon Fine IPO is Oct 05, 2023, and Oct 30, 2023, respectively.
| Karnika Industries IPO | Paragon Fine IPO | |
|---|---|---|
| Anchor Bid Date | Oct 25, 2023 | |
| Issue Open | Sep 29, 2023 | Oct 26, 2023 |
| Issue Close | Oct 05, 2023 | Oct 30, 2023 |
| Basis Of Allotment (Tentative) | Oct 10, 2023 | Nov 02, 2023 |
| Initiation of Refunds (Tentative) | Oct 11, 2023 | Nov 03, 2023 |
| Credit of Share (Tentative) | Oct 12, 2023 | Nov 06, 2023 |
| Listing date (Tentative) | Oct 12, 2023 | Nov 03, 2023 |
| Anchor Lockin End date 1 | Dec 02, 2023 | |
| Anchor Lockin End date 2 | Jan 31, 2024 |
Karnika Industries IPO P/E ratio is 7.57, as compared to Paragon Fine IPO P/E ratio of 14.56.
| Karnika Industries IPO | Paragon Fine IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials |
Amount in ₹ Lakhs | Paragon Fine And Speciality Chemicals Limited Financial Information (Restated)Paragon Fine And Speciality Chemicals Limited's revenue increased by 24.16% and profit after tax (PAT) rose by 120.3% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.39 | 73.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 7.57 | 14.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹94.24 Cr. | ₹195.66 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 56.89% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 38.86% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.66 | ₹6.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 45.76% | 44.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Karnika Industries IPO Retail Individual Investors (RII) are offered 15,66,400 shares while in Paragon Fine IPO retail investors are offered 15,66,400 shares. Qualified Institutional Buyers (QIB) are offered in Karnika Industries IPO and 9,81,600 shares in Paragon Fine IPO.
| Karnika Industries IPO | Paragon Fine IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,70,000 shares | |
| Market Maker Reserveration | 1,66,400 shares | 2,61,600 shares |
| QIB | 9,81,600 shares | |
| NII | 15,66,400 shares | 7,35,600 shares |
| RII | 15,66,400 shares | 17,17,200 shares |
| Employee | ||
| Others | ||
| Total | 31,32,800 shares | 49,04,400 shares |
Karnika Industries IPO subscribed 3.07x in total, whereas Paragon Fine IPO subscribed 205.74x.
| Karnika Industries IPO | Paragon Fine IPO | |
|---|---|---|
| QIB (times) | 81.38x | |
| NII (times) | 3.22x | 419.46x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 2.91x | 185.28x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.07x | 205.74x |
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