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City Crops Agro IPO vs Plada Infotech IPO

Comparison between City Crops Agro IPO and Plada Infotech IPO.

IPO Details

City Crops Agro IPO is a SME Fixed Price IPO proposed to list at BSE SME while Plada Infotech IPO is a SME Fixed Price proposed to list at NSE SME.

 City Crops Agro IPOPlada Infotech IPO
LogoCity Crops Agro IPO LogoPlada Infotech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersTurnaround Corporate Advisors Pvt.Ltd.Indorient Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerMnm Stock Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of City Crops Agro IPO is up to ₹14.25 Cr whereas the issue size of the Plada Infotech IPO is up to ₹11.74 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Plada Infotech IPO is ₹48.00 per share.

 City Crops Agro IPOPlada Infotech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹25.00 per share₹48.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares3000 shares
Fresh Issue Size57,00,000 shares24,45,000 shares
Fresh Issue Size (Amount)up to ₹14.25 Crup to ₹11.74 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares24,45,000 shares
Issue Size Total (Amount)up to ₹14.25 Crup to ₹11.74 Cr

IPO Timetable

City Crops Agro IPO opens on Sep 26, 2023, while Plada Infotech IPO opens on Sep 29, 2023. The closing date of City Crops Agro IPO and Plada Infotech IPO is Sep 29, 2023, and Oct 05, 2023, respectively.

 City Crops Agro IPOPlada Infotech IPO
Anchor Bid Date
Issue OpenSep 26, 2023Sep 29, 2023
Issue CloseSep 29, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 09, 2023Oct 11, 2023
Listing date (Tentative)Oct 10, 2023Oct 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

City Crops Agro IPO P/E ratio is 22.03, as compared to Plada Infotech IPO P/E ratio of 12.31.

 City Crops Agro IPOPlada Infotech IPO
Financials
City Crops Agro IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets246.991,298.961,402.71
Total Income348.901,775.692,462.50
Profit After Tax4.3248.41117.08
Net Worth5.081,077.141,194.25
Reserves and Surplus4.0845.50162.57
Total Borrowing0.515.012.01
Amount in ₹ Lakhs
Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets2,711.292,760.032,720.302,811.09
Total Income5,068.204,460.864,887.396,275.12
Profit After Tax119.9366.71109.87233.82
Net Worth342.60408.44518.10752.70
Reserves and Surplus341.60407.44498.10552.70
Total Borrowing1,989.851,952.591,771.671,654.13
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.5189.50
Promoter Shareholding (Post-Issue)54.7062.64
P/E Ratio22.0312.31
Market Cap₹40.79 Cr.₹41.16 Cr.
ROE37%
ROCE21%
Debt/Equity2.20
EPS₹1.13₹3.90
RoNW9.80%31.07%

Shares Offered

In the City Crops Agro IPO Retail Individual Investors (RII) are offered 28,50,000 shares while in Plada Infotech IPO retail investors are offered 28,50,000 shares. Qualified Institutional Buyers (QIB) are offered in City Crops Agro IPO and in Plada Infotech IPO.

 City Crops Agro IPOPlada Infotech IPO
Anchor Investor Reserveration
Market Maker Reserveration3,00,000 shares1,29,000 shares
QIB
NII28,50,000 shares12,22,500 shares
RII28,50,000 shares12,22,500 shares
Employee
Others
Total57,00,000 shares24,45,000 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas Plada Infotech IPO subscribed 57.85x.

 City Crops Agro IPOPlada Infotech IPO
QIB (times)
NII (times)2.15x39.81x
Big NII (times)
Small NII (times)
RII (times)4.78x73.78x
Employee (times)
Other (times)
Total (times)3.47x57.85x