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Canarys Automations IPO vs WomanCart IPO

Comparison between Canarys Automations IPO and WomanCart IPO.

IPO Details

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

 Canarys Automations IPOWomanCart IPO
LogoCanarys Automations IPO LogoWomanCart IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Narnolia Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO 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 WomanCart IPO is up to ₹9.08 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of WomanCart IPO is ₹86.00 per share.

 Canarys Automations IPOWomanCart 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₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1600 shares
Fresh Issue Size1,44,12,000 shares10,56,000 shares
Fresh Issue Size (Amount)up to ₹44.68 Crup to ₹9.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total1,44,12,000 shares10,56,000 shares
Issue Size Total (Amount)up to ₹44.68 Crup to ₹9.08 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while WomanCart IPO opens on Oct 16, 2023. The closing date of Canarys Automations IPO and WomanCart IPO is Oct 03, 2023, and Oct 18, 2023, respectively.

 Canarys Automations IPOWomanCart IPO
Anchor Bid DateSep 26, 2023
Issue OpenSep 27, 2023Oct 16, 2023
Issue CloseOct 03, 2023Oct 18, 2023
Basis Of Allotment (Tentative)Oct 06, 2023Oct 23, 2023
Initiation of Refunds (Tentative)Oct 09, 2023Oct 25, 2023
Credit of Share (Tentative)Oct 10, 2023Oct 26, 2023
Listing date (Tentative)Oct 11, 2023Oct 27, 2023
Anchor Lockin End date 1Nov 05, 2023
Anchor Lockin End date 2Jan 04, 2024

Financials & KPIs

Canarys Automations IPO P/E ratio is 15.82, as compared to WomanCart IPO P/E ratio of 50.67.

 Canarys Automations IPOWomanCart IPO
Financials
Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,003.044,753.576,377.89
Total Income2,578.225,199.937,547.28
Profit After Tax210.42455.81852.51
Net Worth1,258.171,683.442,537.91
Reserves and Surplus546.90755.401,609.87
Total Borrowing879.331,415.61
Amount in ₹ Lakhs

WomenCart Limited Financial Information (Restated Standalone)

WomenCart Limited's revenue decreased by -12.57% and profit after tax (PAT) rose by 15.62% between the financial year ending with August 31, 2023 and March 31, 2023.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets879.25515.09385.41134.96
Total Income764.99874.95425.67135.15
Profit After Tax54.3547.0120.74-17.94
Net Worth561.08311.13264.1216.38
Reserves and Surplus251.48200.33153.32-18.62
Total Borrowing169.99122.1579.1192.28
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)77.4978.01
Promoter Shareholding (Post-Issue)57.40
P/E Ratio15.8250.67
Market Cap₹174.17 Cr.₹36.19 Cr.
ROE15.11%
ROCE17.97%
Debt/Equity0.10
EPS₹3.92₹1.70
RoNW31.64%15.11%

Shares Offered

In the Canarys Automations IPO Retail Individual Investors (RII) are offered 50,48,000 shares while in WomanCart 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 WomanCart IPO.

 Canarys Automations IPOWomanCart IPO
Anchor Investor Reserveration32,32,000 shares
Market Maker Reserveration7,60,000 shares56,000 shares
QIB39,68,000 shares
NII21,64,000 shares5,28,000 shares
RII50,48,000 shares5,28,000 shares
Employee
Others
Total1,44,12,000 shares10,56,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas WomanCart IPO subscribed 67.48x.

 Canarys Automations IPOWomanCart IPO
QIB (times)2.73x
NII (times)14.29x56.30x
Big NII (times)
Small NII (times)
RII (times)11.70x71.94x
Employee (times)
Other (times)
Total (times)9.94x67.48x