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Karnika Industries IPO vs WomanCart IPO

Comparision between Karnika Industries IPO and WomanCart IPO.

IPO Details

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

  Karnika Industries IPO WomanCart IPO
Logo Karnika Industries IPO Logo WomanCart IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Narnolia Financial Services Ltd
Registrar Skyline Financial Services Private Ltd Maashitla Securities Private Limited
Market Maker Spread X Securities Private Limited Nikunj Stock Brokers 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 Karnika Industries IPO is up to ₹25.07 Cr whereas the issue size of the WomanCart IPO is up to ₹9.56 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 IPO WomanCart 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)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 32,99,200 shares 11,12,000 shares
Fresh Issue Size (Amount) up to ₹25.07 Cr up to ₹9.56 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 32,99,200 shares 11,12,000 shares
Issue Size Total (Amount) up to ₹25.07 Cr up to ₹9.56 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 IPO WomanCart IPO
Anchor Bid Date
Issue Open Sep 29, 2023 Oct 16, 2023
Issue Close Oct 05, 2023 Oct 18, 2023
Basis Of Allotment (Tentative) Oct 10, 2023 Oct 23, 2023
Initiation of Refunds (Tentative) Oct 11, 2023 Oct 25, 2023
Credit of Share (Tentative) Oct 12, 2023 Oct 26, 2023
Listing date (Tentative) Oct 12, 2023 Oct 27, 2023
Anchor Lockin End date 1 Nov 09, 2023 Nov 22, 2023
Anchor Lockin End date 2 Jan 08, 2024 Jan 21, 2024

Financials

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

  Karnika Industries IPO WomanCart IPO
Financial
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

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
Revenue764.99874.95425.67135.15
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) 100.00% 78.01%
Promoter Shareholding (Post-Issue) 73.39% 57.40%
P/E Ratio 7.57 50.67
Market Cap ₹94.24 Cr. ₹36.19 Cr.
ROE 15.11%%
ROCE 17.97%%
Debt/Equity 2.9 0.1
EPS ₹9.66 ₹1.70
RoNW 45.76%% 15.11%%

Shares Offered

In the Karnika Industries IPO retail 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 0 shares in Karnika Industries IPO and 0 shares in WomanCart IPO.

  Karnika Industries IPO WomanCart IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,66,400 shares 56,000 shares
QIB 0 shares 0 shares
NII 15,66,400 shares 5,28,000 shares
RII 15,66,400 shares 5,28,000 shares
Employee 0 shares 0 shares
Others
Total 31,32,800 shares 10,56,000 shares

Bids Received (Subscription)

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

  Karnika Industries IPO WomanCart IPO
QIB (times)
NII (times) 3.22x 56.30x
Big NII (times)
Small NII (times)
RII (times) 2.91x 71.94x
Employee (times)
Other (times)
Total (times) 3.07x 67.48x

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