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Evoq Remedies IPO vs Krishna Defence IPO

Comparison between Evoq Remedies IPO and Krishna Defence IPO.

IPO Details

Evoq Remedies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Krishna Defence IPO is a SME Bookbuilding proposed to list at NSE SME.

 Evoq Remedies IPOKrishna Defence IPO
LogoEvoq Remedies IPO LogoKrishna Defence IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Hem Finlease 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 Evoq Remedies IPO is up to ₹9.23 Cr whereas the issue size of the Krishna Defence IPO is up to ₹11.28 Cr. The final issue price of Evoq Remedies IPO is ₹27.00 per share and of Krishna Defence IPO is ₹39.00 per share.

 Evoq Remedies IPOKrishna Defence IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹37.00 per share
Issue Price (Upper)₹39.00 per share
Issue Price (Final)₹27.00 per share₹39.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares3000 shares
Fresh Issue Size34,20,000 shares28,92,000 shares
Fresh Issue Size (Amount)up to ₹9.23 Crup to ₹11.28 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,20,000 shares28,92,000 shares
Issue Size Total (Amount)up to ₹9.23 Crup to ₹11.28 Cr

IPO Timetable

Evoq Remedies IPO opens on Mar 17, 2022, while Krishna Defence IPO opens on Mar 25, 2022. The closing date of Evoq Remedies IPO and Krishna Defence IPO is Mar 22, 2022, and Mar 29, 2022, respectively.

 Evoq Remedies IPOKrishna Defence IPO
Anchor Bid DateMar 24, 2022
Issue OpenMar 17, 2022Mar 25, 2022
Issue CloseMar 22, 2022Mar 29, 2022
Basis Of Allotment (Tentative)Mar 25, 2022Apr 01, 2022
Initiation of Refunds (Tentative)Mar 28, 2022Apr 04, 2022
Credit of Share (Tentative)Mar 29, 2022Apr 05, 2022
Listing date (Tentative)Mar 30, 2022Apr 06, 2022
Anchor Lockin End date 1May 01, 2022
Anchor Lockin End date 2Jun 30, 2022

Financials & KPIs

Evoq Remedies IPO P/E ratio is 33.75, as compared to Krishna Defence IPO P/E ratio of 18.

 Evoq Remedies IPOKrishna Defence IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakh)
  10-Feb-22 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2660.58 804.63 565.22 214.78
Total Revenue 1056.58 1002.48 907.21 325
Profit After Tax 93.67 71.38 0.03 1.11
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 5,804.14 5,620.06 6,141.36 6,599.65
Total Revenue 2,098.20 3,618.84 2,572.37 5,890.85
Profit After Tax 122.11 193.65 74.61 206.44
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)73.5373.38
P/E Ratio33.7518
Market Cap₹36.72 Cr.₹44.65 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Evoq Remedies IPO Retail Individual Investors (RII) are offered 17,10,000 shares while in Krishna Defence IPO retail investors are offered 17,10,000 shares. Qualified Institutional Buyers (QIB) are offered in Evoq Remedies IPO and 5,79,000 shares in Krishna Defence IPO.

 Evoq Remedies IPOKrishna Defence IPO
Anchor Investor Reserveration8,64,000 shares
Market Maker Reserveration1,80,000 shares1,56,000 shares
QIB5,79,000 shares
NII17,10,000 shares4,35,000 shares
RII17,10,000 shares10,14,000 shares
Employee
Others
Total34,20,000 shares28,92,000 shares

Bids Received (Subscription)

Evoq Remedies IPO subscribed 1.67x in total, whereas Krishna Defence IPO subscribed 74.84x.

 Evoq Remedies IPOKrishna Defence IPO
QIB (times)8.84x
NII (times)0.30x159.90x
Big NII (times)
Small NII (times)
RII (times)3.03x132.28x
Employee (times)
Other (times)
Total (times)1.67x74.84x