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Canarys Automations IPO vs Vivaa Tradecom IPO

Comparison between Canarys Automations IPO and Vivaa Tradecom IPO.

IPO Details

Canarys Automations IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vivaa Tradecom IPO is a SME Fixed Price proposed to list at BSE SME.

 Canarys Automations IPOVivaa Tradecom IPO
LogoCanarys Automations IPO LogoVivaa Tradecom IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersIndorient Financial Services Ltd.Interactive Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Asnani Stock Broker 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 Canarys Automations IPO is up to ₹44.68 Cr whereas the issue size of the Vivaa Tradecom IPO is up to ₹7.57 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Vivaa Tradecom IPO is ₹51.00 per share.

 Canarys Automations IPOVivaa Tradecom IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹29.00 per share
Issue Price (Upper)₹31.00 per share
Issue Price (Final)₹31.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares2000 shares
Fresh Issue Size1,44,12,000 shares14,84,000 shares
Fresh Issue Size (Amount)up to ₹44.68 Crup to ₹7.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total1,44,12,000 shares14,84,000 shares
Issue Size Total (Amount)up to ₹44.68 Crup to ₹7.57 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Vivaa Tradecom IPO opens on Sep 27, 2023. The closing date of Canarys Automations IPO and Vivaa Tradecom IPO is Oct 03, 2023, and Oct 04, 2023, respectively.

 Canarys Automations IPOVivaa Tradecom IPO
Anchor Bid DateSep 26, 2023
Issue OpenSep 27, 2023Sep 27, 2023
Issue CloseOct 03, 2023Oct 04, 2023
Basis Of Allotment (Tentative)Oct 06, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 09, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 10, 2023Oct 11, 2023
Listing date (Tentative)Oct 11, 2023Oct 12, 2023
Anchor Lockin End date 1Nov 05, 2023
Anchor Lockin End date 2Jan 04, 2024

Financials & KPIs

Canarys Automations IPO P/E ratio is 15.82, as compared to Vivaa Tradecom IPO P/E ratio of 47.66.

 Canarys Automations IPOVivaa Tradecom IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets63.7847.5420.03
Total Income75.4752.0025.78
Profit After Tax8.534.562.10
NET Worth25.3816.8312.58
Reserves and Surplus16.107.555.47
Total Borrowing14.168.79
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets49.1998.0394.30
Total Income134.03247.29147.35
Profit After Tax0.250.44-0.06
NET Worth12.1211.6311.19
Reserves and Surplus9.7511.6111.16
Total Borrowing4.5711.1313.55
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)77.49%50%
Promoter Shareholding (Post-Issue)56.57%30.11%
P/E Ratio15.8247.66
Market Cap₹174.17 Cr.₹20.08 Cr.
Debt/Equity0.38
EPS₹3.92₹11.07
RoNW31.642.10

Shares Offered

In the Canarys Automations IPO Retail Individual Investors (RII) are offered 50,48,000 shares while in Vivaa Tradecom IPO retail investors are offered 50,48,000 shares. Qualified Institutional Buyers (QIB) are offered 39,68,000 shares in Canarys Automations IPO and in Vivaa Tradecom IPO.

 Canarys Automations IPOVivaa Tradecom IPO
Anchor Investor Reservation32,32,000 shares
Market Maker Reservation7,60,000 shares82,000 shares
QIB39,68,000 shares
NII21,64,000 shares7,42,000 shares
RII50,48,000 shares7,42,000 shares
Total1,44,12,000 shares14,84,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 7.36x in total, whereas Vivaa Tradecom IPO subscribed 1.78x.

 Canarys Automations IPOVivaa Tradecom IPO
QIB (times)1.98x
NII (times)18.07x0.70x
RII (times)11.70x2.86x
Total (times)7.36x1.78x

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Compare:

Canarys Automations IPO Vs Vivaa Tradecom IPO