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Modi's Navnirman IPO vs Scarnose International IPO

Comparison between Modi's Navnirman IPO and Scarnose International IPO.

IPO Details

Modi's Navnirman IPO is a SME Fixed Price IPO proposed to list at BSE SME while Scarnose International IPO is a SME Fixed Price proposed to list at BSE SME.

 Modi's Navnirman IPOScarnose International IPO
LogoModi's Navnirman IPO LogoScarnose International IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerAryaman Capital Markets Ltd.Econo Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Modi's Navnirman IPO is up to ₹21.46 Cr whereas the issue size of the Scarnose International IPO is up to ₹6.27 Cr. The final issue price of Modi's Navnirman IPO is ₹180.00 per share and of Scarnose International IPO is ₹55.00 per share.

 Modi's Navnirman IPOScarnose International IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹180.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size800 shares2000 shares
Fresh Issue Size11,92,000 shares11,40,000 shares
Fresh Issue Size (Amount)up to ₹21.46 Crup to ₹6.27 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,92,000 shares11,40,000 shares
Issue Size Total (Amount)up to ₹21.46 Crup to ₹6.27 Cr

IPO Timetable

Modi's Navnirman IPO opens on Jun 23, 2022, while Scarnose International IPO opens on Jun 14, 2022. The closing date of Modi's Navnirman IPO and Scarnose International IPO is Jun 28, 2022, and Jun 17, 2022, respectively.

 Modi's Navnirman IPOScarnose International IPO
Issue OpenJun 23, 2022Jun 14, 2022
Issue CloseJun 28, 2022Jun 17, 2022
Basis Of Allotment (Tentative)Jul 01, 2022Jun 22, 2022
Initiation of Refunds (Tentative)Jul 04, 2022Jun 23, 2022
Credit of Share (Tentative)Jul 05, 2022Jun 24, 2022
Listing date (Tentative)Jul 06, 2022Jun 27, 2022

Financials & KPIs

Modi's Navnirman IPO P/E ratio is 57.32, as compared to Scarnose International IPO P/E ratio of 51.89.

 Modi's Navnirman IPOScarnose International IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets30.987.359.98
Total Income11.5113.2221.95
Profit After Tax1.330.381.40
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets12.424.5812.05
Total Income95.9332.5612.05
Profit After Tax0.330.230.03
NET Worth3.391.910.04
Reserves and Surplus1.441.490.03
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%99.99%
Promoter Shareholding (Post-Issue)70.2%61.9%
P/E Ratio57.3251.89
Market Cap₹76.14 Cr.₹17.33 Cr.
Debt/Equity4.950.85
EPS₹4.47₹1.76
RoNW34.819.86

Shares Offered

In the Modi's Navnirman IPO Retail Individual Investors (RII) are offered 5,96,000 shares while in Scarnose International IPO retail investors are offered 5,96,000 shares. Qualified Institutional Buyers (QIB) are offered in Modi's Navnirman IPO and in Scarnose International IPO.

 Modi's Navnirman IPOScarnose International IPO
Market Maker Reservation68,000 shares60,000 shares
NII5,96,000 shares5,70,000 shares
RII5,96,000 shares5,70,000 shares
Total11,92,000 shares11,40,000 shares

Bids Received (Subscription)

Modi's Navnirman IPO subscribed 1.99x in total, whereas Scarnose International IPO subscribed 2.22x.

 Modi's Navnirman IPOScarnose International IPO
NII (times)2.76x2.09x
RII (times)1.22x2.34x
Total (times)1.99x2.22x

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Compare:

Modi's Navnirman IPO Vs Scarnose International IPO