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Karnika Industries IPO vs Paragon Fine IPO

Comparison between Karnika Industries IPO and Paragon Fine IPO.

IPO Details

Karnika Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Paragon Fine IPO is a SME Bookbuilding proposed to list at NSE SME.

 Karnika Industries IPOParagon Fine IPO
LogoKarnika Industries IPO LogoParagon Fine IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Hem Finlease 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 Karnika Industries IPO is up to ₹23.81 Cr whereas the issue size of the Paragon Fine IPO is up to ₹49.04 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of Paragon Fine IPO is ₹100.00 per share.

 Karnika Industries IPOParagon Fine IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹100.00 per share
Issue Price (Final)₹76.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1200 shares
Fresh Issue Size31,32,800 shares49,04,400 shares
Fresh Issue Size (Amount)up to ₹23.81 Crup to ₹49.04 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,32,800 shares49,04,400 shares
Issue Size Total (Amount)up to ₹23.81 Crup to ₹49.04 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while Paragon Fine IPO opens on Oct 26, 2023. The closing date of Karnika Industries IPO and Paragon Fine IPO is Oct 05, 2023, and Oct 30, 2023, respectively.

 Karnika Industries IPOParagon Fine IPO
Anchor Bid DateOct 25, 2023
Issue OpenSep 29, 2023Oct 26, 2023
Issue CloseOct 05, 2023Oct 30, 2023
Basis Of Allotment (Tentative)Oct 10, 2023Nov 02, 2023
Initiation of Refunds (Tentative)Oct 11, 2023Nov 03, 2023
Credit of Share (Tentative)Oct 12, 2023Nov 06, 2023
Listing date (Tentative)Oct 12, 2023Nov 03, 2023
Anchor Lockin End date 1Dec 02, 2023
Anchor Lockin End date 2Jan 31, 2024

Financials & KPIs

Karnika Industries IPO P/E ratio is 7.57, as compared to Paragon Fine IPO P/E ratio of 14.56.

 Karnika Industries IPOParagon Fine IPO
Financials

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

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets74.1270.9857.5149.83
Total Income29.00105.0184.5884.37
Profit After Tax3.629.894.494.40
NET Worth25.9622.3412.447.95
Reserves and Surplus22.3618.7412.347.85
Total Borrowing27.1025.2120.6821.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.39%73.6%
P/E Ratio7.5714.56
Market Cap₹94.24 Cr.₹195.66 Cr.
ROE56.89
ROCE38.86
Debt/Equity2.90
EPS₹9.66₹6.87
RoNW45.7644.29

Shares Offered

In the Karnika Industries IPO Retail Individual Investors (RII) are offered 15,66,400 shares while in Paragon Fine IPO retail investors are offered 15,66,400 shares. Qualified Institutional Buyers (QIB) are offered in Karnika Industries IPO and 9,81,600 shares in Paragon Fine IPO.

 Karnika Industries IPOParagon Fine IPO
Anchor Investor Reservation14,70,000 shares
Market Maker Reservation1,66,400 shares2,61,600 shares
QIB9,81,600 shares
NII15,66,400 shares7,35,600 shares
RII15,66,400 shares17,17,200 shares
Total31,32,800 shares49,04,400 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas Paragon Fine IPO subscribed 144.07x.

 Karnika Industries IPOParagon Fine IPO
QIB (times)81.38x
NII (times)3.22x419.46x
RII (times)2.91x185.28x
Total (times)3.07x144.07x

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Compare:

Karnika Industries IPO Vs Paragon Fine IPO