Innokaiz India IPO vs Krishca Strapping Solutions IPO

Comparision between Innokaiz India IPO and Krishca Strapping Solutions IPO.

IPO Details

Innokaiz India IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Krishca Strapping Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	Innokaiz India IPO	Krishca Strapping Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Share India Capital Services Private Limited
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Share India Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Innokaiz India IPO is up to ₹21.17 Cr whereas the issue size of the Krishca Strapping Solutions IPO is up to ₹17.93 Cr. The final issue price of Innokaiz India IPO is ₹78.00 per share and of Krishca Strapping Solutions IPO is ₹54.00 per share.

	Innokaiz India IPO	Krishca Strapping Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹76.00 per share	₹51.00 per share
Issue Price (Upper)	₹78.00 per share	₹54.00 per share
Issue Price (Final)	₹78.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	27,13,600 shares	33,20,000 shares
Fresh Issue Size (Amount)	up to ₹21.17 Cr	up to ₹17.93 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,13,600 shares	33,20,000 shares
Issue Size Total (Amount)	up to ₹21.17 Cr	up to ₹17.93 Cr

IPO Timetable

Innokaiz India IPO opens on Apr 28, 2023, while Krishca Strapping Solutions IPO opens on May 16, 2023. The closing date of Innokaiz India IPO and Krishca Strapping Solutions IPO is May 03, 2023, and May 19, 2023, respectively.

	Innokaiz India IPO	Krishca Strapping Solutions IPO
Anchor Bid Date	Apr 27, 2023
Issue Open	Apr 28, 2023	May 16, 2023
Issue Close	May 03, 2023	May 19, 2023
Basis Of Allotment (Tentative)	May 08, 2023	May 24, 2023
Initiation of Refunds (Tentative)	May 09, 2023	May 25, 2023
Credit of Share (Tentative)	May 10, 2023	May 26, 2023
Listing date (Tentative)	May 11, 2023	May 26, 2023
Anchor Lockin End date 1	Jun 07, 2023	Jun 23, 2023
Anchor Lockin End date 2	Aug 06, 2023	Aug 22, 2023

Financials

Innokaiz India IPO P/E ratio is , as compared to Krishca Strapping Solutions IPO P/E ratio of 3.43.

Innokaiz India IPO

Krishca Strapping Solutions IPO

Financial

Innokaiz India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,568.38	13,872.44	361.55	541.93	540.93	110.60
31-Mar-21	3,871.07	18,506.21	509.15	1,051.09	1,050.09	103.52
31-Mar-22	4,972.47	28,609.09	791.63	1,842.72	1,841.72	132.17
31-Oct-22	4,763.15	14,883.52	610.28	2,453.00	1,702.00	93.62
Amount in ₹ Lakhs

Krishca Strapping Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	915.75	98.15	-223.92	64.34	-237.02	827.36
31-Mar-21	1,292.02	971.05	-67.25	-120.28	-421.64	1,337.48
31-Mar-22	1,544.00	1,871.71	150.54	159.51	-340.49	939.28
15-Feb-23	2,696.96	6,351.23	785.75	945.26	445.26	1,193.01
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.00

86.34%

Promoter Shareholding (Post-Issue)

71.99

62.6%

P/E Ratio

3.43

Market Cap

₹65.18 Cr.

ROE

ROCE

Debt/Equity

EPS

₹15.71

RoNW

0.83%%

Shares Offered

In the Innokaiz India IPO retail investors (RII) are offered 9,02,400 shares while in Krishca Strapping Solutions IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 5,15,200 shares in Innokaiz India IPO and 12,08,000 shares in Krishca Strapping Solutions IPO.

	Innokaiz India IPO	Krishca Strapping Solutions IPO
Anchor Investor Reserveration	7,72,800 shares	9,04,000 shares
Market Maker Reserveration	1,36,000 shares	3,00,000 shares
QIB	5,15,200 shares	12,08,000 shares
NII	3,87,200 shares	3,62,400 shares
RII	9,02,400 shares	8,45,600 shares
Employee	0 shares	0 shares
Others
Total	18,04,800 shares	24,16,000 shares

Bids Received (Subscription)

Innokaiz India IPO subscribed 95.08x in total, whereas Krishca Strapping Solutions IPO subscribed 336.57x.

	Innokaiz India IPO	Krishca Strapping Solutions IPO
QIB (times)	23.93x	36.10x
NII (times)	303.92x	786.89x
Big NII (times)
Small NII (times)
RII (times)	46.10x	572.83x
Employee (times)
Other (times)
Total (times)	95.08x	336.57x

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