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Canarys Automations IPO vs Kontor Space IPO

Comparison between Canarys Automations IPO and Kontor Space IPO.

IPO Details

Canarys Automations IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kontor Space IPO is a SME Fixed Price proposed to list at NSE SME.

 Canarys Automations IPOKontor Space IPO
LogoCanarys Automations IPO LogoKontor Space IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Srujan Alpha Capital Advisors LLP
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerAlacrity Securities Ltd.Rikhav Securities 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 Canarys Automations IPO is up to ₹44.68 Cr whereas the issue size of the Kontor Space IPO is up to ₹14.82 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Kontor Space IPO is ₹93.00 per share.

 Canarys Automations IPOKontor Space IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹29.00 per share
Issue Price (Upper)₹31.00 per share
Issue Price (Final)₹31.00 per share₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1200 shares
Fresh Issue Size1,44,12,000 shares15,93,600 shares
Fresh Issue Size (Amount)up to ₹44.68 Crup to ₹14.82 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total1,44,12,000 shares15,93,600 shares
Issue Size Total (Amount)up to ₹44.68 Crup to ₹14.82 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Kontor Space IPO opens on Sep 27, 2023. The closing date of Canarys Automations IPO and Kontor Space IPO is Oct 03, 2023, and Oct 03, 2023, respectively.

 Canarys Automations IPOKontor Space IPO
Anchor Bid DateSep 26, 2023
Issue OpenSep 27, 2023Sep 27, 2023
Issue CloseOct 03, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Oct 06, 2023Oct 05, 2023
Initiation of Refunds (Tentative)Oct 09, 2023Oct 06, 2023
Credit of Share (Tentative)Oct 10, 2023Oct 09, 2023
Listing date (Tentative)Oct 11, 2023Oct 10, 2023
Anchor Lockin End date 1Nov 05, 2023
Anchor Lockin End date 2Jan 04, 2024

Financials & KPIs

Canarys Automations IPO P/E ratio is 15.82, as compared to Kontor Space IPO P/E ratio of 22.27.

 Canarys Automations IPOKontor Space IPO
Financials
Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,003.044,753.576,377.89
Total Income2,578.225,199.937,547.28
Profit After Tax210.42455.81852.51
Net Worth1,258.171,683.442,537.91
Reserves and Surplus546.90755.401,609.87
Total Borrowing879.331,415.61
Amount in ₹ Lakhs
Kontor Space IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets535.84580.821,295.31
Total Income390.24403.75917.84
Profit After Tax-61.7530.44187.88
Net Worth44.8775.31464.67
Reserves and Surplus-155.13-124.6964.67
Total Borrowing203.75210.32552.79
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)77.4998.20
Promoter Shareholding (Post-Issue)
P/E Ratio15.8222.27
Market Cap₹174.17 Cr.₹57.47 Cr.
ROE40.82%
ROCE31.19%
Debt/Equity1.19
EPS₹3.92₹9.46
RoNW31.64%40.82%

Shares Offered

In the Canarys Automations IPO Retail Individual Investors (RII) are offered 50,48,000 shares while in Kontor Space IPO retail investors are offered 50,48,000 shares. Qualified Institutional Buyers (QIB) are offered 39,68,000 shares in Canarys Automations IPO and in Kontor Space IPO.

 Canarys Automations IPOKontor Space IPO
Anchor Investor Reserveration32,32,000 shares
Market Maker Reserveration7,60,000 shares86,400 shares
QIB39,68,000 shares
NII21,64,000 shares7,96,800 shares
RII50,48,000 shares7,96,800 shares
Employee
Others
Total1,44,12,000 shares15,93,600 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Kontor Space IPO subscribed 70.97x.

 Canarys Automations IPOKontor Space IPO
QIB (times)2.73x
NII (times)14.29x41.87x
Big NII (times)
Small NII (times)
RII (times)11.70x95.49x
Employee (times)
Other (times)
Total (times)9.94x70.97x