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Innokaiz India IPO vs Krishca Strapping Solutions IPO

Comparison between Innokaiz India IPO and Krishca Strapping Solutions IPO.

IPO Details

Innokaiz India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Krishca Strapping Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.

 Innokaiz India IPOKrishca Strapping Solutions IPO
LogoInnokaiz India IPO LogoKrishca Strapping Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Share India Capital Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Innokaiz India IPO is up to ₹20.11 Cr whereas the issue size of the Krishca Strapping Solutions IPO is up to ₹16.31 Cr. The final issue price of Innokaiz India IPO is ₹78.00 per share and of Krishca Strapping Solutions IPO is ₹54.00 per share.

 Innokaiz India IPOKrishca Strapping Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹76.00 per share₹51.00 per share
Issue Price (Upper)₹78.00 per share₹54.00 per share
Issue Price (Final)₹78.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size25,77,600 shares30,20,000 shares
Fresh Issue Size (Amount)up to ₹20.11 Crup to ₹16.31 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,77,600 shares30,20,000 shares
Issue Size Total (Amount)up to ₹20.11 Crup to ₹16.31 Cr

IPO Timetable

Innokaiz India IPO opens on Apr 28, 2023, while Krishca Strapping Solutions IPO opens on May 16, 2023. The closing date of Innokaiz India IPO and Krishca Strapping Solutions IPO is May 03, 2023, and May 19, 2023, respectively.

 Innokaiz India IPOKrishca Strapping Solutions IPO
Anchor Bid DateApr 27, 2023May 15, 2023
Issue OpenApr 28, 2023May 16, 2023
Issue CloseMay 03, 2023May 19, 2023
Basis Of Allotment (Tentative)May 08, 2023May 24, 2023
Initiation of Refunds (Tentative)May 09, 2023May 25, 2023
Credit of Share (Tentative)May 10, 2023May 26, 2023
Listing date (Tentative)May 11, 2023May 26, 2023
Anchor Lockin End date 1Jun 07, 2023Jun 23, 2023
Anchor Lockin End date 2Aug 06, 2023Aug 22, 2023

Financials & KPIs

Innokaiz India IPO P/E ratio is , as compared to Krishca Strapping Solutions IPO P/E ratio of 3.43.

 Innokaiz India IPOKrishca Strapping Solutions IPO
Financials
Innokaiz India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,568.3813,872.44361.55541.93540.93110.60
31-Mar-213,871.0718,506.21509.151,051.091,050.09103.52
31-Mar-224,972.4728,609.09791.631,842.721,841.72132.17
31-Oct-224,763.1514,883.52610.282,453.001,702.0093.62
Amount in ₹ Lakhs
Krishca Strapping Solutions Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20915.7598.15-223.9264.34-237.02827.36
31-Mar-211,292.02971.05-67.25-120.28-421.641,337.48
31-Mar-221,544.001,871.71150.54159.51-340.49939.28
15-Feb-232,696.966,351.23785.75945.26445.261,193.01
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)98.0086.34
Promoter Shareholding (Post-Issue)71.9962.6
P/E Ratio3.43
Market Cap₹65.18 Cr.
ROE
ROCE
Debt/Equity
EPS₹15.71
RoNW0.83%

Shares Offered

In the Innokaiz India IPO Retail Individual Investors (RII) are offered 9,02,400 shares while in Krishca Strapping Solutions IPO retail investors are offered 9,02,400 shares. Qualified Institutional Buyers (QIB) are offered 5,15,200 shares in Innokaiz India IPO and 6,04,000 shares in Krishca Strapping Solutions IPO.

 Innokaiz India IPOKrishca Strapping Solutions IPO
Anchor Investor Reserveration7,72,800 shares9,04,000 shares
Market Maker Reserveration1,36,000 shares3,00,000 shares
QIB5,15,200 shares6,04,000 shares
NII3,87,200 shares4,54,000 shares
RII9,02,400 shares10,58,000 shares
Employee
Others
Total25,77,600 shares30,20,000 shares

Bids Received (Subscription)

Innokaiz India IPO subscribed 95.08x in total, whereas Krishca Strapping Solutions IPO subscribed 336.57x.

 Innokaiz India IPOKrishca Strapping Solutions IPO
QIB (times)23.93x36.10x
NII (times)303.92x786.89x
Big NII (times)
Small NII (times)
RII (times)46.10x572.83x
Employee (times)
Other (times)
Total (times)95.08x336.57x