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Canarys Automations IPO vs Karnika Industries IPO

Comparision between Canarys Automations IPO and Karnika Industries IPO.

IPO Details

Canarys Automations IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Karnika Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Canarys Automations IPO Karnika Industries IPO
Logo Canarys Automations IPO Logo Karnika Industries IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Indorient Financial Services Ltd Beeline Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd Skyline Financial Services Private Ltd
Market Maker Alacrity Securities Ltd. Spread X Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Canarys Automations IPO is up to ₹47.03 Cr whereas the issue size of the Karnika Industries IPO is up to ₹25.07 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Karnika Industries IPO is ₹76.00 per share.

  Canarys Automations IPO Karnika Industries 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 ₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1600 shares
Fresh Issue Size 1,51,72,000 shares 32,99,200 shares
Fresh Issue Size (Amount) up to ₹47.03 Cr up to ₹25.07 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 1,51,72,000 shares 32,99,200 shares
Issue Size Total (Amount) up to ₹47.03 Cr up to ₹25.07 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of Canarys Automations IPO and Karnika Industries IPO is Oct 03, 2023, and Oct 05, 2023, respectively.

  Canarys Automations IPO Karnika Industries IPO
Anchor Bid Date Sep 26, 2023
Issue Open Sep 27, 2023 Sep 29, 2023
Issue Close Oct 03, 2023 Oct 05, 2023
Basis Of Allotment (Tentative) Oct 06, 2023 Oct 10, 2023
Initiation of Refunds (Tentative) Oct 09, 2023 Oct 11, 2023
Credit of Share (Tentative) Oct 10, 2023 Oct 12, 2023
Listing date (Tentative) Oct 11, 2023 Oct 12, 2023
Anchor Lockin End date 1 Nov 05, 2023 Nov 09, 2023
Anchor Lockin End date 2 Jan 04, 2024 Jan 08, 2024

Financials

Canarys Automations IPO P/E ratio is 15.82, as compared to Karnika Industries IPO P/E ratio of 7.57.

  Canarys Automations IPO Karnika Industries IPO
Financial
Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,003.044,753.576,377.89
Revenue2,578.225,199.937,547.28
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
Karnika Industries IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets3,055.875,921.4210,071.04
Revenue4,779.319,892.5212,605.62
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
Promoter Shareholding (Pre-Issue) 77.49% 100.00%
Promoter Shareholding (Post-Issue) 73.39%
P/E Ratio 15.82 7.57
Market Cap ₹174.17 Cr. ₹94.24 Cr.
ROE
ROCE
Debt/Equity 2.9
EPS ₹3.92 ₹9.66
RoNW 31.64%% 45.76%%

Shares Offered

In the Canarys Automations IPO retail investors (RII) are offered 50,48,000 shares while in Karnika Industries IPO retail investors are offered 50,48,000 shares. Qualified institutional buyers (QIB) are offered 28,80,000 shares in Canarys Automations IPO and 0 shares in Karnika Industries IPO.

  Canarys Automations IPO Karnika Industries IPO
Anchor Investor Reserveration 32,32,000 shares
Market Maker Reserveration 7,60,000 shares 1,66,400 shares
QIB 28,80,000 shares 0 shares
NII 27,36,000 shares 15,66,400 shares
RII 50,48,000 shares 15,66,400 shares
Employee 0 shares 0 shares
Others
Total 1,06,64,000 shares 31,32,800 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Karnika Industries IPO subscribed 3.07x.

  Canarys Automations IPO Karnika Industries IPO
QIB (times) 2.73x
NII (times) 14.29x 3.22x
Big NII (times)
Small NII (times)
RII (times) 11.70x 2.91x
Employee (times)
Other (times)
Total (times) 9.94x 3.07x

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