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Karnika Industries IPO vs WomanCart IPO

Comparison between Karnika Industries IPO and WomanCart IPO.

IPO Details

Karnika Industries 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.

 Karnika Industries IPOWomanCart IPO
LogoKarnika Industries IPO LogoWomanCart IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Karnika Industries IPO is up to ₹23.81 Cr whereas the issue size of the WomanCart IPO is up to ₹9.08 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of WomanCart IPO is ₹86.00 per share.

 Karnika Industries IPOWomanCart IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹76.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size31,32,800 shares10,56,000 shares
Fresh Issue Size (Amount)up to ₹23.81 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 Total31,32,800 shares10,56,000 shares
Issue Size Total (Amount)up to ₹23.81 Crup to ₹9.08 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while WomanCart IPO opens on Oct 16, 2023. The closing date of Karnika Industries IPO and WomanCart IPO is Oct 05, 2023, and Oct 18, 2023, respectively.

 Karnika Industries IPOWomanCart IPO
Anchor Bid Date
Issue OpenSep 29, 2023Oct 16, 2023
Issue CloseOct 05, 2023Oct 18, 2023
Basis Of Allotment (Tentative)Oct 10, 2023Oct 23, 2023
Initiation of Refunds (Tentative)Oct 11, 2023Oct 25, 2023
Credit of Share (Tentative)Oct 12, 2023Oct 26, 2023
Listing date (Tentative)Oct 12, 2023Oct 27, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Karnika Industries IPO P/E ratio is 7.57, as compared to WomanCart IPO P/E ratio of 50.67.

 Karnika Industries IPOWomanCart IPO
Financials
Karnika Industries IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets3,055.875,921.4210,071.04
Total Income4,779.319,892.5212,605.62
Profit After Tax81.61454.01826.74
Net Worth378.141,860.881,806.83
Reserves and Surplus896.80
Total Borrowing1,570.942,224.135,245.53
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)100.0078.01
Promoter Shareholding (Post-Issue)73.3957.40
P/E Ratio7.5750.67
Market Cap₹94.24 Cr.₹36.19 Cr.
ROE15.11%
ROCE17.97%
Debt/Equity2.900.10
EPS₹9.66₹1.70
RoNW45.76%15.11%

Shares Offered

In the Karnika Industries IPO Retail Individual Investors (RII) are offered 15,66,400 shares while in WomanCart IPO retail investors are offered 15,66,400 shares. Qualified Institutional Buyers (QIB) are offered in Karnika Industries IPO and in WomanCart IPO.

 Karnika Industries IPOWomanCart IPO
Anchor Investor Reserveration
Market Maker Reserveration1,66,400 shares56,000 shares
QIB
NII15,66,400 shares5,28,000 shares
RII15,66,400 shares5,28,000 shares
Employee
Others
Total31,32,800 shares10,56,000 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas WomanCart IPO subscribed 67.48x.

 Karnika Industries IPOWomanCart IPO
QIB (times)
NII (times)3.22x56.30x
Big NII (times)
Small NII (times)
RII (times)2.91x71.94x
Employee (times)
Other (times)
Total (times)3.07x67.48x