City Crops Agro IPO vs Vinyas Innovative Technologies IPO

Comparison between City Crops Agro IPO and Vinyas Innovative Technologies IPO.

IPO Details

City Crops Agro IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vinyas Innovative Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of City Crops Agro IPO is up to ₹14.25 Cr whereas the issue size of the Vinyas Innovative Technologies IPO is up to ₹51.92 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Vinyas Innovative Technologies IPO is ₹165.00 per share.

 City Crops Agro IPOVinyas Innovative Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹162.00 per share
Issue Price (Upper)₹165.00 per share
Issue Price (Final)₹25.00 per share₹165.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares800 shares
Fresh Issue Size57,00,000 shares31,46,400 shares
Fresh Issue Size (Amount)up to ₹14.25 Crup to ₹51.92 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares31,46,400 shares
Issue Size Total (Amount)up to ₹14.25 Crup to ₹51.92 Cr

IPO Timetable

City Crops Agro IPO opens on Sep 26, 2023, while Vinyas Innovative Technologies IPO opens on Sep 27, 2023. The closing date of City Crops Agro IPO and Vinyas Innovative Technologies IPO is Sep 29, 2023, and Oct 03, 2023, respectively.

 City Crops Agro IPOVinyas Innovative Technologies IPO
Anchor Bid DateSep 26, 2023
Issue OpenSep 26, 2023Sep 27, 2023
Issue CloseSep 29, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Oct 05, 2023
Credit of Share (Tentative)Oct 09, 2023Oct 05, 2023
Listing date (Tentative)Oct 10, 2023Oct 06, 2023
Anchor Lockin End date 1Nov 03, 2023
Anchor Lockin End date 2Jan 02, 2024

Financials & KPIs

City Crops Agro IPO P/E ratio is 22.03, as compared to Vinyas Innovative Technologies IPO P/E ratio of 8.4.

 City Crops Agro IPOVinyas Innovative Technologies IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets14.0312.992.47
Total Income24.6217.763.49
Profit After Tax1.170.480.04
NET Worth11.9410.770.05
Reserves and Surplus1.630.450.04
Total Borrowing0.020.050.01
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets215.99221.49184.59
Total Income238.85212.16207.81
Profit After Tax7.341.011.23
NET Worth45.2331.4530.69
Reserves and Surplus41.7927.7126.95
Total Borrowing85.7195.4393.66
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.5139.87
Promoter Shareholding (Post-Issue)54.7029.37
P/E Ratio22.038.4
Market Cap₹40.79 Cr.₹207.65 Cr.
ROE16.13%
ROCE35.20%
Debt/Equity1.88
EPS₹1.13₹19.62
RoNW9.80%16.13%

Shares Offered

In the City Crops Agro IPO Retail Individual Investors (RII) are offered 28,50,000 shares while in Vinyas Innovative Technologies IPO retail investors are offered 28,50,000 shares. Qualified Institutional Buyers (QIB) are offered in City Crops Agro IPO and 6,29,600 shares in Vinyas Innovative Technologies IPO.

 City Crops Agro IPOVinyas Innovative Technologies IPO
Anchor Investor Reservation9,43,200 shares
Market Maker Reservation3,00,000 shares1,66,400 shares
QIB6,29,600 shares
NII28,50,000 shares4,72,000 shares
RII28,50,000 shares11,01,600 shares
Employee
Others
Total57,00,000 shares31,46,400 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas Vinyas Innovative Technologies IPO subscribed 43.24x.

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