Innokaiz India IPO vs Retina Paints IPO

Comparision between Innokaiz India IPO and Retina Paints IPO.

IPO Details

Innokaiz India IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Retina Paints IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Innokaiz India IPO	Retina Paints IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Innokaiz India IPO is up to ₹21.17 Cr whereas the issue size of the Retina Paints IPO is up to ₹11.10 Cr. The final issue price of Innokaiz India IPO is ₹78.00 per share and of Retina Paints IPO is ₹30.00 per share.

	Innokaiz India IPO	Retina Paints IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹76.00 per share
Issue Price (Upper)	₹78.00 per share
Issue Price (Final)	₹78.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	4000 shares
Fresh Issue Size	27,13,600 shares	37,00,000 shares
Fresh Issue Size (Amount)	up to ₹21.17 Cr	up to ₹11.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,13,600 shares	37,00,000 shares
Issue Size Total (Amount)	up to ₹21.17 Cr	up to ₹11.10 Cr

IPO Timetable

Innokaiz India IPO opens on Apr 28, 2023, while Retina Paints IPO opens on Apr 19, 2023. The closing date of Innokaiz India IPO and Retina Paints IPO is May 03, 2023, and Apr 24, 2023, respectively.

	Innokaiz India IPO	Retina Paints IPO
Anchor Bid Date	Apr 27, 2023
Issue Open	Apr 28, 2023	Apr 19, 2023
Issue Close	May 03, 2023	Apr 24, 2023
Basis Of Allotment (Tentative)	May 08, 2023	Apr 27, 2023
Initiation of Refunds (Tentative)	May 09, 2023	Apr 28, 2023
Credit of Share (Tentative)	May 10, 2023	May 02, 2023
Listing date (Tentative)	May 11, 2023	May 03, 2023
Anchor Lockin End date 1	Jun 07, 2023	May 27, 2023
Anchor Lockin End date 2	Aug 06, 2023	Jul 26, 2023

Financials

Innokaiz India IPO P/E ratio is , as compared to Retina Paints IPO P/E ratio of .

Innokaiz India IPO

Retina Paints IPO

Financial

Innokaiz India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,568.38	13,872.44	361.55	541.93	540.93	110.60
31-Mar-21	3,871.07	18,506.21	509.15	1,051.09	1,050.09	103.52
31-Mar-22	4,972.47	28,609.09	791.63	1,842.72	1,841.72	132.17
31-Oct-22	4,763.15	14,883.52	610.28	2,453.00	1,702.00	93.62
Amount in ₹ Lakhs

Retina Paints Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	670.34	681.44	4.67	90.86	18.86	319.10
31-Mar-21	986.71	685.99	4.55	95.41	23.41	614.11
31-Mar-22	1,162.77	647.24	11.33	219.74	34.74	588.01
30-Nov-22	2,074.77	533.88	39.99	1,240.73	728.73	433.44
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.00

80.70%

Promoter Shareholding (Post-Issue)

71.99

59.28%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Innokaiz India IPO retail investors (RII) are offered 9,02,400 shares while in Retina Paints IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 5,15,200 shares in Innokaiz India IPO and 0 shares in Retina Paints IPO.

	Innokaiz India IPO	Retina Paints IPO
Anchor Investor Reserveration	7,72,800 shares
Market Maker Reserveration	1,36,000 shares	1,88,000 shares
QIB	5,15,200 shares	0 shares
NII	3,87,200 shares	18,50,000 shares
RII	9,02,400 shares	18,50,000 shares
Employee	0 shares	0 shares
Others
Total	18,04,800 shares	37,00,000 shares

Bids Received (Subscription)

Innokaiz India IPO subscribed 95.08x in total, whereas Retina Paints IPO subscribed 8.29x.

	Innokaiz India IPO	Retina Paints IPO
QIB (times)	23.93x
NII (times)	303.92x	6.10x
Big NII (times)
Small NII (times)
RII (times)	46.10x	10.41x
Employee (times)
Other (times)
Total (times)	95.08x	8.29x

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A G Universal IPO	Sotac Pharmaceuticals IPO

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