Comparison between Drone Destination IPO and Srivari Spices IPO.
Drone Destination IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Srivari Spices IPO is a SME Bookbuilding proposed to list at NSE SME.
| Drone Destination IPO | Srivari Spices IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Drone Destination IPO is up to ₹40.95 Cr whereas the issue size of the Srivari Spices IPO is up to ₹8.54 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Srivari Spices IPO is ₹42.00 per share.
| Drone Destination IPO | Srivari Spices IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | ₹40.00 per share |
| Issue Price (Upper) | ₹65.00 per share | ₹42.00 per share |
| Issue Price (Final) | ₹65.00 per share | ₹42.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 63,00,000 shares | 20,34,000 shares |
| Fresh Issue Size (Amount) | up to ₹40.95 Cr | up to ₹8.54 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 | 63,00,000 shares | 20,34,000 shares |
| Issue Size Total (Amount) | up to ₹40.95 Cr | up to ₹8.54 Cr |
Drone Destination IPO opens on Jul 07, 2023, while Srivari Spices IPO opens on Aug 07, 2023. The closing date of Drone Destination IPO and Srivari Spices IPO is Jul 13, 2023, and Aug 09, 2023, respectively.
| Drone Destination IPO | Srivari Spices IPO | |
|---|---|---|
| Anchor Bid Date | Jul 06, 2023 | Aug 04, 2023 |
| Issue Open | Jul 07, 2023 | Aug 07, 2023 |
| Issue Close | Jul 13, 2023 | Aug 09, 2023 |
| Basis Of Allotment (Tentative) | Jul 18, 2023 | Aug 14, 2023 |
| Initiation of Refunds (Tentative) | Jul 19, 2023 | Aug 16, 2023 |
| Credit of Share (Tentative) | Jul 20, 2023 | Aug 17, 2023 |
| Listing date (Tentative) | Jul 21, 2023 | Aug 18, 2023 |
| Anchor Lockin End date 1 | Aug 17, 2023 | Sep 13, 2023 |
| Anchor Lockin End date 2 | Oct 16, 2023 | Nov 12, 2023 |
Drone Destination IPO P/E ratio is 64.35, as compared to Srivari Spices IPO P/E ratio of 9.59.
| Drone Destination IPO | Srivari Spices IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 85.14 | 99.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 64.35 | 9.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹157.95 Cr. | ₹30.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.90 | 44.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.65 | 23.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.06 | 1.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹25.80 | ₹4.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.90 | 24.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Drone Destination IPO Retail Individual Investors (RII) are offered 22,06,000 shares while in Srivari Spices IPO retail investors are offered 22,06,000 shares. Qualified Institutional Buyers (QIB) are offered 12,60,000 shares in Drone Destination IPO and 4,08,000 shares in Srivari Spices IPO.
| Drone Destination IPO | Srivari Spices IPO | |
|---|---|---|
| Anchor Investor Reservation | 18,88,000 shares | 6,06,000 shares |
| Market Maker Reservation | 5,00,000 shares | 1,08,000 shares |
| QIB | 12,60,000 shares | 4,08,000 shares |
| NII | 9,46,000 shares | 3,06,000 shares |
| RII | 22,06,000 shares | 7,14,000 shares |
| Employee | ||
| Others | ||
| Total | 63,00,000 shares | 20,34,000 shares |
Drone Destination IPO subscribed 191.65x in total, whereas Srivari Spices IPO subscribed 450.03x.
| Drone Destination IPO | Srivari Spices IPO | |
|---|---|---|
| QIB (times) | 50.46x | 79.10x |
| NII (times) | 243.85x | 786.11x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 250.09x | 517.95x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 191.65x | 450.03x |
