Kesar India IPO vs Upsurge Seeds of Agriculture IPO

Comparison between Kesar India IPO and Upsurge Seeds of Agriculture IPO.

IPO Details

Kesar India IPO is a SME Fixed Price IPO proposed to list at BSE SME while Upsurge Seeds of Agriculture IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Kesar India IPO is up to ₹15.01 Cr whereas the issue size of the Upsurge Seeds of Agriculture IPO is up to ₹21.66 Cr. The final issue price of Kesar India IPO is ₹170.00 per share and of Upsurge Seeds of Agriculture IPO is ₹120.00 per share.

 Kesar India IPOUpsurge Seeds of Agriculture IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹170.00 per share₹120.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size800 shares1200 shares
Fresh Issue Size8,83,200 shares18,04,800 shares
Fresh Issue Size (Amount)up to ₹15.01 Crup to ₹21.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,83,200 shares18,04,800 shares
Issue Size Total (Amount)up to ₹15.01 Crup to ₹21.66 Cr

IPO Timetable

Kesar India IPO opens on Jun 30, 2022, while Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022. The closing date of Kesar India IPO and Upsurge Seeds of Agriculture IPO is Jul 04, 2022, and Aug 02, 2022, respectively.

 Kesar India IPOUpsurge Seeds of Agriculture IPO
Issue OpenJun 30, 2022Jul 29, 2022
Issue CloseJul 04, 2022Aug 02, 2022
Basis Of Allotment (Tentative)Jul 07, 2022Aug 05, 2022
Initiation of Refunds (Tentative)Jul 08, 2022Aug 08, 2022
Credit of Share (Tentative)Jul 11, 2022Aug 10, 2022
Listing date (Tentative)Jul 12, 2022Aug 11, 2022

Financials & KPIs

Kesar India IPO P/E ratio is 13.87, as compared to Upsurge Seeds of Agriculture IPO P/E ratio of 21.35.

 Kesar India IPOUpsurge Seeds of Agriculture IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets8.183.752.432.20
Total Income6.961.200.580.19
Profit After Tax3.240.010.040.01
NET Worth2.44-0.81-0.82-0.86
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets40.8718.128.35
Total Income75.7762.9017.64
Profit After Tax3.960.850.22
NET Worth11.193.240.92
Reserves and Surplus6.031.270.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%96.92%
Promoter Shareholding (Post-Issue)73.65%70.82%
P/E Ratio13.8721.35
Market Cap₹60.02 Cr.₹84.72 Cr.
ROE-235.42
ROCE-236.45
Debt/Equity1.280.16
EPS₹7.54₹9.79
RoNW-1.5235.42

Shares Offered

In the Kesar India IPO Retail Individual Investors (RII) are offered 4,41,600 shares while in Upsurge Seeds of Agriculture IPO retail investors are offered 4,41,600 shares. Qualified Institutional Buyers (QIB) are offered in Kesar India IPO and in Upsurge Seeds of Agriculture IPO.

 Kesar India IPOUpsurge Seeds of Agriculture IPO
Market Maker Reservation47,200 shares96,000 shares
NII4,41,600 shares9,02,400 shares
RII4,41,600 shares9,02,400 shares
Total8,83,200 shares18,04,800 shares

Bids Received (Subscription)

Kesar India IPO subscribed 1.77x in total, whereas Upsurge Seeds of Agriculture IPO subscribed 80.50x.

 Kesar India IPOUpsurge Seeds of Agriculture IPO
NII (times)2.62x101.70x
RII (times)0.91x59.29x
Total (times)1.77x80.50x

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