Kesar India IPO vs Upsurge Seeds of Agriculture IPO

Comparision between Kesar India IPO and Upsurge Seeds of Agriculture IPO.

IPO Details

Kesar India IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Upsurge Seeds of Agriculture IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Kesar India IPO	Upsurge Seeds of Agriculture IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited Fedex Securities Pvt Ltd	Finshore Management Services Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
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 Kesar India IPO is up to ₹15.82 Cr whereas the issue size of the Upsurge Seeds of Agriculture IPO is up to ₹22.81 Cr. The final issue price of Kesar India IPO is ₹170.00 per share and of Upsurge Seeds of Agriculture IPO is ₹120.00 per share.

	Kesar India IPO	Upsurge Seeds of Agriculture IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹170.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	1200 shares
Fresh Issue Size	9,30,400 shares	19,00,800 shares
Fresh Issue Size (Amount)	up to ₹15.82 Cr	up to ₹22.81 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	9,30,400 shares	19,00,800 shares
Issue Size Total (Amount)	up to ₹15.82 Cr	up to ₹22.81 Cr

IPO Timetable

Kesar India IPO opens on Jun 30, 2022, while Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022. The closing date of Kesar India IPO and Upsurge Seeds of Agriculture IPO is Jul 04, 2022, and Aug 02, 2022, respectively.

	Kesar India IPO	Upsurge Seeds of Agriculture IPO
Anchor Bid Date
Issue Open	Jun 30, 2022	Jul 29, 2022
Issue Close	Jul 04, 2022	Aug 02, 2022
Basis Of Allotment (Tentative)	Jul 07, 2022	Aug 05, 2022
Initiation of Refunds (Tentative)	Jul 08, 2022	Aug 08, 2022
Credit of Share (Tentative)	Jul 11, 2022	Aug 10, 2022
Listing date (Tentative)	Jul 12, 2022	Aug 11, 2022
Anchor Lockin End date 1	Aug 06, 2022	Sep 04, 2022
Anchor Lockin End date 2	Oct 05, 2022	Nov 03, 2022

Financials

Kesar India IPO P/E ratio is 13.87, as compared to Upsurge Seeds of Agriculture IPO P/E ratio of 21.35.

Kesar India IPO

Upsurge Seeds of Agriculture IPO

Financial

Kesar India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-19	220.31	18.54	0.73	-85.88
31-Mar-20	243.2	57.7	3.73	-82.15
31-Mar-21	374.72	119.71	1.19	-80.96
31-Dec-21	818.31	695.5	324.49	243.65
Amount in ₹ Lakhs

Upsurge Seeds of Agriculture Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	835.39	1763.73	21.92	92.14	42.14
31-Mar-21	1811.8	6290.31	85.31	324.45	127.45
31-Mar-22	4087.49	7577.15	396.44	1119.3	603.4
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

96.92%

Promoter Shareholding (Post-Issue)

73.65%

70.82%

P/E Ratio

13.87

21.35

Market Cap

₹60.02 Cr.

₹84.72 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Kesar India IPO retail investors (RII) are offered 4,41,600 shares while in Upsurge Seeds of Agriculture IPO retail investors are offered 4,41,600 shares. Qualified institutional buyers (QIB) are offered in Kesar India IPO and in Upsurge Seeds of Agriculture IPO.

	Kesar India IPO	Upsurge Seeds of Agriculture IPO
Anchor Investor Reserveration
Market Maker Reserveration	47,200 shares	96,000 shares
QIB
NII	4,41,600 shares	9,02,400 shares
RII	4,41,600 shares	9,02,400 shares
Employee
Others
Total	8,83,200 shares	18,04,800 shares

Bids Received (Subscription)

Kesar India IPO subscribed 1.77x in total, whereas Upsurge Seeds of Agriculture IPO subscribed 80.50x.

	Kesar India IPO	Upsurge Seeds of Agriculture IPO
QIB (times)
NII (times)	2.62x	101.70x
Big NII (times)
Small NII (times)
RII (times)	0.91x	59.29x
Employee (times)
Other (times)
Total (times)	1.77x	80.50x

Compare with others

Kesar India IPO	Upsurge Seeds of Agriculture IPO
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Veekayem Fashion and Apparels IPO	Rhetan TMT IPO
Upsurge Seeds of Agriculture IPO	JFL Life Sciences IPO
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Healthy Life Agritec IPO	Veekayem Fashion and Apparels IPO
B Right Realestate IPO	Agni Green Power IPO
Jayant Infratech IPO	Healthy Life Agritec IPO
SKP Bearing Industries IPO	Kesar India IPO
Veerkrupa Jewellers IPO	B Right Realestate IPO
Sailani Tours N Travels IPO	Jayant Infratech IPO

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