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Hi-Green Carbon IPO vs Kody Technolab IPO

Comparison between Hi-Green Carbon IPO and Kody Technolab IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kody Technolab IPO is a SME Fixed Price proposed to list at NSE SME.

 Hi-Green Carbon IPOKody Technolab IPO
LogoHi-Green Carbon IPO LogoKody Technolab IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSpread X Securities Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Hi-Green Carbon IPO is up to ₹49.64 Cr whereas the issue size of the Kody Technolab IPO is up to ₹26.14 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Kody Technolab IPO is ₹160.00 per share.

 Hi-Green Carbon IPOKody Technolab IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹75.00 per share₹160.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares800 shares
Fresh Issue Size55,69,200 shares16,33,600 shares
Fresh Issue Size (Amount)up to ₹41.77 Crup to ₹26.14 Cr
OFS Issue Size10,50,000 shares0 shares
OFS Issue Size (Amount)up to ₹7.88 Crup to ₹0.00 Cr
Issue Size Total66,19,200 shares16,33,600 shares
Issue Size Total (Amount)up to ₹49.64 Crup to ₹26.14 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Kody Technolab IPO opens on Sep 15, 2023. The closing date of Hi-Green Carbon IPO and Kody Technolab IPO is Sep 25, 2023, and Sep 20, 2023, respectively.

 Hi-Green Carbon IPOKody Technolab IPO
Anchor Bid DateSep 20, 2023
Issue OpenSep 21, 2023Sep 15, 2023
Issue CloseSep 25, 2023Sep 20, 2023
Basis Of Allotment (Tentative)Sep 28, 2023Sep 25, 2023
Initiation of Refunds (Tentative)Sep 29, 2023Sep 26, 2023
Credit of Share (Tentative)Oct 03, 2023Sep 27, 2023
Listing date (Tentative)Sep 28, 2023Sep 27, 2023
Anchor Lockin End date 1Oct 28, 2023
Anchor Lockin End date 2Dec 27, 2023

Financials & KPIs

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Kody Technolab IPO P/E ratio of 22.66.

 Hi-Green Carbon IPOKody Technolab IPO
Financials
Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets3,310.913,424.364,387.83
Total Income2,429.395,113.957,903.90
Profit After Tax9.59367.951,084.78
Net Worth806.281,174.232,259.02
Reserves and Surplus-1,093.72-725.77359.02
Total Borrowing1,783.101,586.701,362.19
Amount in ₹ Lakhs
Kody Technolab IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets115.14238.041,452.55
Total Income248.16384.201,109.10
Profit After Tax-10.8062.13318.09
Net Worth-171.16-109.03469.35
Reserves and Surplus-172.16-110.03123.99
Total Borrowing150.39161.47746.79
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)71.8373.01
P/E Ratio13.1322.66
Market Cap₹187.43 Cr.₹101.98 Cr.
ROE63.19%176.59%
ROCE64.70%97.37%
Debt/Equity0.601.59
EPS₹5.71₹7.06
RoNW48.02%67.77%

Shares Offered

In the Hi-Green Carbon IPO Retail Individual Investors (RII) are offered 23,16,800 shares while in Kody Technolab IPO retail investors are offered 23,16,800 shares. Qualified Institutional Buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and in Kody Technolab IPO.

 Hi-Green Carbon IPOKody Technolab IPO
Anchor Investor Reserveration19,84,000 shares
Market Maker Reserveration4,20,800 shares86,400 shares
QIB13,23,200 shares
NII9,95,200 shares8,16,800 shares
RII23,16,800 shares8,16,800 shares
Employee
Others
Total66,19,200 shares16,33,600 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Kody Technolab IPO subscribed 51.55x.

 Hi-Green Carbon IPOKody Technolab IPO
QIB (times)69.95x
NII (times)236.76x41.17x
Big NII (times)
Small NII (times)
RII (times)196.35x53.56x
Employee (times)
Other (times)
Total (times)168.92x51.55x