Comparison between Invicta Diagnostic IPO and Shri Kanha Stainless IPO.
Invicta Diagnostic IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shri Kanha Stainless IPO is a SME Fixed Price proposed to list at NSE SME.
| Invicta Diagnostic IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Socradamus Capital Pvt.Ltd. | Kreo Capital Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MAS Services Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Invicta Diagnostic IPO is up to ₹26.71 Cr whereas the issue size of the Shri Kanha Stainless IPO is up to ₹43.95 Cr. The final issue price of Invicta Diagnostic IPO is ₹85.00 per share and of Shri Kanha Stainless IPO is ₹90.00 per share.
| Invicta Diagnostic IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹80.00 per share | |
| Issue Price (Upper) | ₹85.00 per share | |
| Issue Price (Final) | ₹85.00 per share | ₹90.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 31,42,400 shares | 48,83,200 shares |
| Fresh Issue Size (Amount) | up to ₹26.71 Cr | up to ₹43.95 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 | 31,42,400 shares | 48,83,200 shares |
| Issue Size Total (Amount) | up to ₹26.71 Cr | up to ₹43.95 Cr |
Invicta Diagnostic IPO opens on Dec 01, 2025, while Shri Kanha Stainless IPO opens on Dec 03, 2025. The closing date of Invicta Diagnostic IPO and Shri Kanha Stainless IPO is Dec 03, 2025, and Dec 05, 2025, respectively.
| Invicta Diagnostic IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Anchor Bid Date | Nov 28, 2025 | |
| Issue Open | Dec 01, 2025 | Dec 03, 2025 |
| Issue Close | Dec 03, 2025 | Dec 05, 2025 |
| Basis Of Allotment (Tentative) | Dec 04, 2025 | Dec 08, 2025 |
| Initiation of Refunds (Tentative) | Dec 05, 2025 | Dec 09, 2025 |
| Credit of Share (Tentative) | Dec 05, 2025 | Dec 09, 2025 |
| Listing date (Tentative) | Dec 08, 2025 | Dec 10, 2025 |
| Anchor Lockin End date 1 | Jan 02, 2026 | |
| Anchor Lockin End date 2 | Mar 03, 2026 |
Invicta Diagnostic IPO P/E ratio is 14.51, as compared to Shri Kanha Stainless IPO P/E ratio of 16.23.
| Invicta Diagnostic IPO | Shri Kanha Stainless IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Invicta Diagnostic Ltd.'s revenue increased by 90% and profit after tax (PAT) rose by 30% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Shri Kanha Stainless Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 122% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 90.52 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.69 | 67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.51 | 16.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹106.86 Cr. | ₹140.24 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 44.28% | 47.61% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 42.00% | 19.20% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | 4.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.86 | ₹5.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 36.25% | 47.61% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Invicta Diagnostic IPO Retail Individual Investors (RII) are offered 12,67,200 shares while in Shri Kanha Stainless IPO retail investors are offered 12,67,200 shares. Qualified Institutional Buyers (QIB) are offered 5,34,400 shares in Invicta Diagnostic IPO and 0 shares in Shri Kanha Stainless IPO.
| Invicta Diagnostic IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,98,400 shares | 0 shares |
| Market Maker Reservation | 1,66,400 shares | 2,59,200 shares |
| QIB | 5,34,400 shares | 0 shares |
| NII | 5,42,400 shares | 24,41,600 shares |
| RII | 12,67,200 shares | 24,41,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 31,42,400 shares | 48,83,200 shares |
Invicta Diagnostic IPO subscribed 4.27x in total, whereas Shri Kanha Stainless IPO subscribed 2.81x.
| Invicta Diagnostic IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| QIB (times) | 3.51x | |
| NII (times) | 6.96x | 0.61x |
| Big NII (times) | 7.30x | |
| Small NII (times) | 6.27x | |
| RII (times) | 3.44x | 4.91x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.27x | 2.81x |
