Karnika Industries IPO vs Vivaa Tradecom IPO

Comparision between Karnika Industries IPO and Vivaa Tradecom IPO.

IPO Details

Karnika Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vivaa Tradecom IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Karnika Industries IPO	Vivaa Tradecom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Asnani Stock Broker Private Limited
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 Karnika Industries IPO is up to ₹25.07 Cr whereas the issue size of the Vivaa Tradecom IPO is up to ₹7.99 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of Vivaa Tradecom IPO is ₹51.00 per share.

	Karnika Industries IPO	Vivaa Tradecom IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹76.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	32,99,200 shares	15,66,000 shares
Fresh Issue Size (Amount)	up to ₹25.07 Cr	up to ₹7.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,99,200 shares	15,66,000 shares
Issue Size Total (Amount)	up to ₹25.07 Cr	up to ₹7.99 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while Vivaa Tradecom IPO opens on Sep 27, 2023. The closing date of Karnika Industries IPO and Vivaa Tradecom IPO is Oct 05, 2023, and Oct 04, 2023, respectively.

	Karnika Industries IPO	Vivaa Tradecom IPO
Anchor Bid Date
Issue Open	Sep 29, 2023	Sep 27, 2023
Issue Close	Oct 05, 2023	Oct 04, 2023
Basis Of Allotment (Tentative)	Oct 10, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 11, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 12, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 12, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 09, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 08, 2024	Jan 07, 2024

Financials

Karnika Industries IPO P/E ratio is 7.57, as compared to Vivaa Tradecom IPO P/E ratio of 47.66.

Karnika Industries IPO

Vivaa Tradecom IPO

Financial

Karnika Industries IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	3,055.87	5,921.42	10,071.04
Revenue	4,779.31	9,892.52	12,605.62
Profit After Tax	81.61	454.01	826.74
Net Worth	378.14	1,860.88	1,806.83
Reserves and Surplus			896.80
Total Borrowing	1,570.94	2,224.13	5,245.53

Amount in ₹ Lakhs

Vivaa Tradecom IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,430.20	9,803.46	4,918.80
Revenue	14,734.56	24,728.70	13,402.83
Profit After Tax	-6.48	44.39	25.48
Net Worth	1,118.58	1,162.97	1,211.70
Reserves and Surplus	1,116.26	1,160.65	974.55
Total Borrowing	1,354.91	1,113.05	457.36

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

50%

Promoter Shareholding (Post-Issue)

73.39%

30.11%

P/E Ratio

7.57

47.66

Market Cap

₹94.24 Cr.

₹20.08 Cr.

ROE

ROCE

Debt/Equity

2.9

0.38

EPS

₹9.66

₹11.07

RoNW

45.76%%

2.10%%

Shares Offered

In the Karnika Industries IPO retail investors (RII) are offered 15,66,400 shares while in Vivaa Tradecom IPO retail investors are offered 15,66,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Karnika Industries IPO and 0 shares in Vivaa Tradecom IPO.

	Karnika Industries IPO	Vivaa Tradecom IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,66,400 shares	82,000 shares
QIB	0 shares	0 shares
NII	15,66,400 shares	7,42,000 shares
RII	15,66,400 shares	7,42,000 shares
Employee	0 shares	0 shares
Others
Total	31,32,800 shares	14,84,000 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas Vivaa Tradecom IPO subscribed 1.81x.

	Karnika Industries IPO	Vivaa Tradecom IPO
QIB (times)
NII (times)	3.22x	0.70x
Big NII (times)
Small NII (times)
RII (times)	2.91x	2.86x
Employee (times)
Other (times)
Total (times)	3.07x	1.81x

Compare with others

Karnika Industries IPO	Vivaa Tradecom IPO
Paragon Fine And Speciality Chemicals IPO	Shanthala FMCG Products IPO
On Door Concepts IPO	Paragon Fine And Speciality Chemicals IPO
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WomanCart IPO	Arvind and Company Shipping Agencies IPO
Vivaa Tradecom IPO	WomanCart IPO
City Crops Agro IPO	Karnika Industries IPO
Canarys Automations IPO	City Crops Agro IPO
Oneclick Logistics India IPO	Canarys Automations IPO
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Plada Infotech Services IPO	Vinyas Innovative Technologies IPO

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