Comparison between Modi's Navnirman IPO and Scarnose International IPO.
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 IPO | Scarnose International IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Aryaman Financial Services Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Aryaman Capital Markets Ltd. | Econo Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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 IPO | Scarnose International IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹180.00 per share | ₹55.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 2000 shares |
| Fresh Issue Size | 11,92,000 shares | 11,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹21.46 Cr | up to ₹6.27 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 11,92,000 shares | 11,40,000 shares |
| Issue Size Total (Amount) | up to ₹21.46 Cr | up to ₹6.27 Cr |
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 IPO | Scarnose International IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 23, 2022 | Jun 14, 2022 |
| Issue Close | Jun 28, 2022 | Jun 17, 2022 |
| Basis Of Allotment (Tentative) | Jul 01, 2022 | Jun 22, 2022 |
| Initiation of Refunds (Tentative) | Jul 04, 2022 | Jun 23, 2022 |
| Credit of Share (Tentative) | Jul 05, 2022 | Jun 24, 2022 |
| Listing date (Tentative) | Jul 06, 2022 | Jun 27, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
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 IPO | Scarnose International IPO | |||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.98 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.20 | 61.90 | ||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 57.32 | 51.89 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹76.14 Cr. | ₹17.33 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 4.95 | 0.85 | ||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.47 | ₹1.76 | ||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.81 | 9.86 | ||||||||||||||||||||||||||||||||||||||||||||||||
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 IPO | Scarnose International IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 68,000 shares | 60,000 shares |
| QIB | ||
| NII | 5,96,000 shares | 5,70,000 shares |
| RII | 5,96,000 shares | 5,70,000 shares |
| Employee | ||
| Others | ||
| Total | 11,92,000 shares | 11,40,000 shares |
Modi's Navnirman IPO subscribed 1.99x in total, whereas Scarnose International IPO subscribed 2.22x.
| Modi's Navnirman IPO | Scarnose International IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.76x | 2.09x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.22x | 2.34x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.99x | 2.22x |
