Canarys Automations IPO vs Sharp Chucks IPO

Comparison between Canarys Automations IPO and Sharp Chucks IPO.

IPO Details

Canarys Automations IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sharp Chucks IPO is a SME Fixed Price proposed to list at NSE SME.

	Canarys Automations IPO	Sharp Chucks IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd.	Fedex Securities Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Alacrity Securities Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Canarys Automations IPO is up to ₹44.68 Cr whereas the issue size of the Sharp Chucks IPO is up to ₹15.98 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Sharp Chucks IPO is ₹58.00 per share.

	Canarys Automations IPO	Sharp Chucks IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹29.00 per share
Issue Price (Upper)	₹31.00 per share
Issue Price (Final)	₹31.00 per share	₹58.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	1,44,12,000 shares	8,27,484 shares
Fresh Issue Size (Amount)	up to ₹44.68 Cr	up to ₹4.80 Cr
OFS Issue Size	0 shares	19,28,516 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹11.19 Cr
Issue Size Total	1,44,12,000 shares	27,56,000 shares
Issue Size Total (Amount)	up to ₹44.68 Cr	up to ₹15.98 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Sharp Chucks IPO opens on Sep 29, 2023. The closing date of Canarys Automations IPO and Sharp Chucks IPO is Oct 03, 2023, and Oct 05, 2023, respectively.

	Canarys Automations IPO	Sharp Chucks IPO
Anchor Bid Date	Sep 26, 2023
Issue Open	Sep 27, 2023	Sep 29, 2023
Issue Close	Oct 03, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 09, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 10, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 05, 2023
Anchor Lockin End date 2	Jan 04, 2024

Financials & KPIs

Canarys Automations IPO P/E ratio is 15.82, as compared to Sharp Chucks IPO P/E ratio of 11.2.

Canarys Automations IPO

Sharp Chucks IPO

Financials

Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,003.04	4,753.57	6,377.89
Total Income	2,578.22	5,199.93	7,547.28
Profit After Tax	210.42	455.81	852.51
Net Worth	1,258.17	1,683.44	2,537.91
Reserves and Surplus	546.90	755.40	1,609.87
Total Borrowing		879.33	1,415.61

Amount in ₹ Lakhs

Sharp Chucks And Machines IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	13,397.98	18,392.09	18,003.58
Total Income	13,583.11	15,252.23	17,931.45
Profit After Tax	330.96	452.62	506.50
Net Worth	4,275.67	4,728.29	5,234.79
Reserves and Surplus	3,297.24	3,749.86	4,256.36
Total Borrowing	6,305.37	10,269.35	9,034.20

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

77.49

80.28

Promoter Shareholding (Post-Issue)

73.00

P/E Ratio

15.82

11.2

Market Cap

₹174.17 Cr.

₹62.41 Cr.

ROE

10.17%

ROCE

11.00%

Debt/Equity

1.73

EPS

₹3.92

₹5.18

RoNW

31.64%

9.68%

Shares Offered

In the Canarys Automations IPO Retail Individual Investors (RII) are offered 50,48,000 shares while in Sharp Chucks IPO retail investors are offered 50,48,000 shares. Qualified Institutional Buyers (QIB) are offered 39,68,000 shares in Canarys Automations IPO and in Sharp Chucks IPO.

	Canarys Automations IPO	Sharp Chucks IPO
Anchor Investor Reserveration	32,32,000 shares
Market Maker Reserveration	7,60,000 shares	1,48,000 shares
QIB	39,68,000 shares
NII	21,64,000 shares	13,78,000 shares
RII	50,48,000 shares	13,78,000 shares
Employee
Others
Total	1,44,12,000 shares	27,56,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Sharp Chucks IPO subscribed 54.20x.

	Canarys Automations IPO	Sharp Chucks IPO
QIB (times)	2.73x
NII (times)	14.29x	38.76x
Big NII (times)
Small NII (times)
RII (times)	11.70x	63.69x
Employee (times)
Other (times)
Total (times)	9.94x	54.20x

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