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City Crops Agro IPO vs Karnika Industries IPO

Comparision between City Crops Agro IPO and Karnika Industries IPO.

IPO Details

City Crops Agro IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Karnika Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  City Crops Agro IPO Karnika Industries IPO
Logo City Crops Agro IPO Logo Karnika Industries IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Turnaround Corporate Advisors Private Limited Beeline Capital Advisors Pvt Ltd
Registrar Skyline Financial Services Private Ltd Skyline Financial Services Private Ltd
Market Maker Mnm Stock Broking Private Limited Spread X Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of City Crops Agro IPO is up to ₹15.00 Cr whereas the issue size of the Karnika Industries IPO is up to ₹25.07 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Karnika Industries IPO is ₹76.00 per share.

  City Crops Agro IPO Karnika Industries IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹25.00 per share ₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 6000 shares 1600 shares
Fresh Issue Size 60,00,000 shares 32,99,200 shares
Fresh Issue Size (Amount) up to ₹15.00 Cr up to ₹25.07 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 60,00,000 shares 32,99,200 shares
Issue Size Total (Amount) up to ₹15.00 Cr up to ₹25.07 Cr

IPO Timetable

City Crops Agro IPO opens on Sep 26, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of City Crops Agro IPO and Karnika Industries IPO is Sep 29, 2023, and Oct 05, 2023, respectively.

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

Financials

City Crops Agro IPO P/E ratio is 22.03, as compared to Karnika Industries IPO P/E ratio of 7.57.

  City Crops Agro IPO Karnika Industries IPO
Financial
City Crops Agro IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets246.991,298.961,402.71
Revenue348.901,775.692,462.50
Profit After Tax4.3248.41117.08
Net Worth5.081,077.141,194.25
Reserves and Surplus4.0845.50162.57
Total Borrowing0.515.012.01
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) 86.51% 100.00%
Promoter Shareholding (Post-Issue) 54.70% 73.39%
P/E Ratio 22.03 7.57
Market Cap ₹40.79 Cr. ₹94.24 Cr.
ROE
ROCE
Debt/Equity 2.9
EPS ₹1.13 ₹9.66
RoNW 9.80%% 45.76%%

Shares Offered

In the City Crops Agro IPO retail investors (RII) are offered 28,50,000 shares while in Karnika Industries IPO retail investors are offered 28,50,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in City Crops Agro IPO and 0 shares in Karnika Industries IPO.

  City Crops Agro IPO Karnika Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,00,000 shares 1,66,400 shares
QIB 0 shares 0 shares
NII 28,50,000 shares 15,66,400 shares
RII 28,50,000 shares 15,66,400 shares
Employee 0 shares 0 shares
Others
Total 57,00,000 shares 31,32,800 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas Karnika Industries IPO subscribed 3.07x.

  City Crops Agro IPO Karnika Industries IPO
QIB (times)
NII (times) 2.15x 3.22x
Big NII (times)
Small NII (times)
RII (times) 4.78x 2.91x
Employee (times)
Other (times)
Total (times) 3.47x 3.07x

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