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Drone Destination IPO vs Khazanchi Jewellers IPO

Comparison between Drone Destination IPO and Khazanchi Jewellers IPO.

IPO Details

Drone Destination IPO is a SME Fixed Price IPO proposed to list at NSE SME while Khazanchi Jewellers IPO is a SME Fixed Price proposed to list at BSE SME.

 Drone Destination IPOKhazanchi Jewellers IPO
LogoDrone Destination IPO LogoKhazanchi Jewellers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersNarnolia Financial Services Ltd.Mark Corporate Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerNikunj Stock Brokers Ltd.Svcm Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Drone Destination IPO is up to ₹40.95 Cr whereas the issue size of the Khazanchi Jewellers IPO is up to ₹91.90 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Khazanchi Jewellers IPO is ₹140.00 per share.

 Drone Destination IPOKhazanchi Jewellers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹62.00 per share
Issue Price (Upper)₹65.00 per share
Issue Price (Final)₹65.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size63,00,000 shares65,64,000 shares
Fresh Issue Size (Amount)up to ₹40.95 Crup to ₹91.90 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total63,00,000 shares65,64,000 shares
Issue Size Total (Amount)up to ₹40.95 Crup to ₹91.90 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Khazanchi Jewellers IPO opens on Jul 24, 2023. The closing date of Drone Destination IPO and Khazanchi Jewellers IPO is Jul 13, 2023, and Jul 28, 2023, respectively.

 Drone Destination IPOKhazanchi Jewellers IPO
Anchor Bid DateJul 06, 2023
Issue OpenJul 07, 2023Jul 24, 2023
Issue CloseJul 13, 2023Jul 28, 2023
Basis Of Allotment (Tentative)Jul 18, 2023Aug 02, 2023
Initiation of Refunds (Tentative)Jul 19, 2023Aug 03, 2023
Credit of Share (Tentative)Jul 20, 2023Aug 04, 2023
Listing date (Tentative)Jul 21, 2023Aug 07, 2023
Anchor Lockin End date 1Aug 17, 2023
Anchor Lockin End date 2Oct 16, 2023

Financials & KPIs

Drone Destination IPO P/E ratio is 64.35, as compared to Khazanchi Jewellers IPO P/E ratio of 45.75.

 Drone Destination IPOKhazanchi Jewellers IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets23.592.780.96
Total Income12.082.570.39
Profit After Tax2.440.21-0.05
NET Worth17.570.230.02
Reserves and Surplus12.570.12-0.09
Total Borrowing1.591.5197.94
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets145.07124.36113.20103.80
Total Income481.82258.00382.43361.65
Profit After Tax7.563.272.762.31
NET Worth36.0528.7225.4522.69
Reserves and Surplus26.1218.7815.5212.76
Total Borrowing84.6284.1274.8077.86
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.12%100%
Promoter Shareholding (Post-Issue)61.3%72.08%
P/E Ratio64.3545.75
Market Cap₹157.95 Cr.₹346.46 Cr.
ROE13.9020.98
ROCE18.6518.91
Debt/Equity0.061.45
EPS₹25.80₹7.62
RoNW13.9020.98

Shares Offered

In the Drone Destination IPO Retail Individual Investors (RII) are offered 22,06,000 shares while in Khazanchi Jewellers IPO retail investors are offered 22,06,000 shares. Qualified Institutional Buyers (QIB) are offered 12,60,000 shares in Drone Destination IPO and in Khazanchi Jewellers IPO.

 Drone Destination IPOKhazanchi Jewellers IPO
Anchor Investor Reservation18,88,000 shares
Market Maker Reservation5,00,000 shares3,46,000 shares
QIB12,60,000 shares
NII9,46,000 shares32,82,000 shares
RII22,06,000 shares32,82,000 shares
Total63,00,000 shares65,64,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 134.22x in total, whereas Khazanchi Jewellers IPO subscribed 1.26x.

 Drone Destination IPOKhazanchi Jewellers IPO
QIB (times)50.54x
NII (times)243.59x1.74x
RII (times)249.98x0.78x
Total (times)134.22x1.26x

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Drone Destination IPO Vs Khazanchi Jewellers IPO