Comparison between Indus Net Technologies IPO and Kiaasa Retail IPO.
Indus Net Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Kiaasa Retail IPO is a SME Bookbuilding proposed to list at BSE SME.
| Indus Net Technologies IPO | Kiaasa Retail IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Expert Global Consultants Pvt.Ltd. |
| Registrar | MAS Services Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Prabhat Financial Services Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Indus Net Technologies IPO is up to ₹0.00 Cr whereas the issue size of the Kiaasa Retail IPO is up to ₹66.24 Cr. The final issue price of Indus Net Technologies IPO is and of Kiaasa Retail IPO is ₹127.00 per share.
| Indus Net Technologies IPO | Kiaasa Retail IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹121.00 per share | |
| Issue Price (Upper) | ₹127.00 per share | |
| Issue Price (Final) | ₹127.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 36,00,000 shares | 52,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹66.24 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 | 36,00,000 shares | 52,16,000 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹66.24 Cr |
Indus Net Technologies IPO opens on , while Kiaasa Retail IPO opens on Feb 23, 2026. The closing date of Indus Net Technologies IPO and Kiaasa Retail IPO is , and Feb 25, 2026, respectively.
| Indus Net Technologies IPO | Kiaasa Retail IPO | |
|---|---|---|
| Anchor Bid Date | Feb 20, 2026 | |
| Issue Open | Feb 23, 2026 | |
| Issue Close | Feb 25, 2026 | |
| Basis Of Allotment (Tentative) | Feb 26, 2026 | |
| Initiation of Refunds (Tentative) | Feb 27, 2026 | |
| Credit of Share (Tentative) | Feb 27, 2026 | |
| Listing date (Tentative) | Mar 02, 2026 | |
| Anchor Lockin End date 1 | Mar 28, 2026 | |
| Anchor Lockin End date 2 | May 27, 2026 |
Indus Net Technologies IPO P/E ratio is , as compared to Kiaasa Retail IPO P/E ratio of 19.31.
| Indus Net Technologies IPO | Kiaasa Retail IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.24 | 71.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 50.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹231.51 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.53% | 42.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.57% | 20.34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.10% | 20.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Indus Net Technologies IPO Retail Individual Investors (RII) are offered while in Kiaasa Retail IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Indus Net Technologies IPO and 52,000 shares in Kiaasa Retail IPO.
| Indus Net Technologies IPO | Kiaasa Retail IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 2,75,000 shares | |
| QIB | 52,000 shares | |
| NII | 20,87,000 shares | |
| RII | 30,76,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 52,15,000 shares |
Indus Net Technologies IPO subscribed in total, whereas Kiaasa Retail IPO subscribed 2.05x.
| Indus Net Technologies IPO | Kiaasa Retail IPO | |
|---|---|---|
| QIB (times) | 14.98x | |
| NII (times) | 1.16x | |
| Big NII (times) | 1.29x | |
| Small NII (times) | 0.90x | |
| RII (times) | 2.43x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.05x |
