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.
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.
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 IPO | Scarnose International IPO |
|---|
| 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 |
Financials & KPIs
Modi's Navnirman IPO P/E ratio is 57.32, as compared to Scarnose International IPO P/E ratio of 51.89.
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 IPO | Scarnose International IPO |
|---|
| Market Maker Reservation | 68,000 shares | 60,000 shares |
| NII | 5,96,000 shares | 5,70,000 shares |
| RII | 5,96,000 shares | 5,70,000 shares |
| Total | 11,92,000 shares | 11,40,000 shares |
Bids Received (Subscription)
Modi's Navnirman IPO subscribed 1.99x in total, whereas Scarnose International IPO subscribed 2.22x.
