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City Crops Agro IPO vs Karnika Industries IPO

Comparison between City Crops Agro IPO and Karnika Industries IPO.

IPO Details

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

 City Crops Agro IPOKarnika Industries IPO
LogoCity Crops Agro IPO LogoKarnika Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersTurnaround Corporate Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerMNM Stock Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of City Crops Agro IPO is up to ₹14.25 Cr whereas the issue size of the Karnika Industries IPO is up to ₹23.81 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 IPOKarnika Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹25.00 per share₹76.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares1600 shares
Fresh Issue Size57,00,000 shares31,32,800 shares
Fresh Issue Size (Amount)up to ₹14.25 Crup to ₹23.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total57,00,000 shares31,32,800 shares
Issue Size Total (Amount)up to ₹14.25 Crup to ₹23.81 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 IPOKarnika Industries IPO
Issue OpenSep 26, 2023Sep 29, 2023
Issue CloseSep 29, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 05, 2023Oct 10, 2023
Initiation of Refunds (Tentative)Oct 06, 2023Oct 11, 2023
Credit of Share (Tentative)Oct 09, 2023Oct 12, 2023
Listing date (Tentative)Oct 10, 2023Oct 12, 2023

Financials & KPIs

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 IPOKarnika Industries IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets14.0312.992.47
Total Income24.6217.763.49
Profit After Tax1.170.480.04
NET Worth11.9410.770.05
Reserves and Surplus1.630.450.04
Total Borrowing0.020.050.01
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets100.7159.2130.56
Total Income126.0698.9347.79
Profit After Tax8.274.540.82
NET Worth18.0718.613.78
Reserves and Surplus8.97
Total Borrowing52.4622.2415.71
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.51%100%
Promoter Shareholding (Post-Issue)54.7%73.39%
P/E Ratio22.037.57
Market Cap₹40.79 Cr.₹94.24 Cr.
Debt/Equity2.90
EPS₹1.13₹9.66
RoNW9.8045.76

Shares Offered

In the City Crops Agro IPO Retail Individual 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 in City Crops Agro IPO and in Karnika Industries IPO.

 City Crops Agro IPOKarnika Industries IPO
Market Maker Reservation3,00,000 shares1,66,400 shares
NII28,50,000 shares15,66,400 shares
RII28,50,000 shares15,66,400 shares
Total57,00,000 shares31,32,800 shares

Bids Received (Subscription)

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

 City Crops Agro IPOKarnika Industries IPO
NII (times)2.15x3.22x
RII (times)4.78x2.91x
Total (times)3.47x3.07x

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Compare:

City Crops Agro IPO Vs Karnika Industries IPO