Comparison between Canarys Automations IPO and Vivaa Tradecom IPO.
Canarys Automations IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vivaa Tradecom IPO is a SME Fixed Price proposed to list at BSE SME.
| Canarys Automations IPO | Vivaa Tradecom IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Indorient Financial Services Ltd. | Interactive Financial Services Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Alacrity Securities Ltd. | Asnani Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Canarys Automations IPO is up to ₹44.68 Cr whereas the issue size of the Vivaa Tradecom IPO is up to ₹7.57 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Vivaa Tradecom IPO is ₹51.00 per share.
| Canarys Automations IPO | Vivaa Tradecom 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 | ₹51.00 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 | 14,84,000 shares |
| Fresh Issue Size (Amount) | up to ₹44.68 Cr | up to ₹7.57 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 | 1,44,12,000 shares | 14,84,000 shares |
| Issue Size Total (Amount) | up to ₹44.68 Cr | up to ₹7.57 Cr |
Canarys Automations IPO opens on Sep 27, 2023, while Vivaa Tradecom IPO opens on Sep 27, 2023. The closing date of Canarys Automations IPO and Vivaa Tradecom IPO is Oct 03, 2023, and Oct 04, 2023, respectively.
| Canarys Automations IPO | Vivaa Tradecom IPO | |
|---|---|---|
| Anchor Bid Date | Sep 26, 2023 | |
| Issue Open | Sep 27, 2023 | Sep 27, 2023 |
| Issue Close | Oct 03, 2023 | Oct 04, 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 |
Canarys Automations IPO P/E ratio is 15.82, as compared to Vivaa Tradecom IPO P/E ratio of 47.66.
| Canarys Automations IPO | Vivaa Tradecom IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials |
Amount in ₹ Lakhs |
Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 77.49 | 50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 30.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.82 | 47.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹174.17 Cr. | ₹20.08 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.92 | ₹11.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 31.64% | 2.10% |
In the Canarys Automations IPO Retail Individual Investors (RII) are offered 50,48,000 shares while in Vivaa Tradecom 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 Vivaa Tradecom IPO.
| Canarys Automations IPO | Vivaa Tradecom IPO | |
|---|---|---|
| Anchor Investor Reserveration | 32,32,000 shares | |
| Market Maker Reserveration | 7,60,000 shares | 82,000 shares |
| QIB | 39,68,000 shares | |
| NII | 21,64,000 shares | 7,42,000 shares |
| RII | 50,48,000 shares | 7,42,000 shares |
| Employee | ||
| Others | ||
| Total | 1,44,12,000 shares | 14,84,000 shares |
Canarys Automations IPO subscribed 9.94x in total, whereas Vivaa Tradecom IPO subscribed 1.81x.
| Canarys Automations IPO | Vivaa Tradecom IPO | |
|---|---|---|
| QIB (times) | 2.73x | |
| NII (times) | 14.29x | 0.70x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 11.70x | 2.86x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 9.94x | 1.81x |
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