Arvind and Company Shipping Agencies IPO vs Canarys Automations IPO

Comparision between Arvind and Company Shipping Agencies IPO and Canarys Automations IPO.

IPO Details

Arvind and Company Shipping Agencies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Canarys Automations IPO is a SME Book Built Issue proposed to list at NSE SME.

	Arvind and Company Shipping Agencies IPO	Canarys Automations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Indorient Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Spread X Securities Private Limited	Alacrity Securities Ltd.
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 Arvind and Company Shipping Agencies IPO is up to ₹14.74 Cr whereas the issue size of the Canarys Automations IPO is up to ₹47.03 Cr. The final issue price of Arvind and Company Shipping Agencies IPO is ₹45.00 per share and of Canarys Automations IPO is ₹31.00 per share.

	Arvind and Company Shipping Agencies IPO	Canarys Automations IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)		₹29.00 per share
Issue Price (Upper)		₹31.00 per share
Issue Price (Final)	₹45.00 per share	₹31.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	32,76,000 shares	1,51,72,000 shares
Fresh Issue Size (Amount)	up to ₹14.74 Cr	up to ₹47.03 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,76,000 shares	1,51,72,000 shares
Issue Size Total (Amount)	up to ₹14.74 Cr	up to ₹47.03 Cr

IPO Timetable

Arvind and Company Shipping Agencies IPO opens on Oct 12, 2023, while Canarys Automations IPO opens on Sep 27, 2023. The closing date of Arvind and Company Shipping Agencies IPO and Canarys Automations IPO is Oct 16, 2023, and Oct 03, 2023, respectively.

	Arvind and Company Shipping Agencies IPO	Canarys Automations IPO
Anchor Bid Date		Sep 26, 2023
Issue Open	Oct 12, 2023	Sep 27, 2023
Issue Close	Oct 16, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Oct 19, 2023	Oct 06, 2023
Initiation of Refunds (Tentative)	Oct 20, 2023	Oct 09, 2023
Credit of Share (Tentative)	Oct 23, 2023	Oct 10, 2023
Listing date (Tentative)	Oct 25, 2023	Oct 11, 2023
Anchor Lockin End date 1	Nov 18, 2023	Nov 05, 2023
Anchor Lockin End date 2	Jan 17, 2024	Jan 04, 2024

Financials

Arvind and Company Shipping Agencies IPO P/E ratio is 9.74, as compared to Canarys Automations IPO P/E ratio of 15.82.

Arvind and Company Shipping Agencies IPO

Canarys Automations IPO

Financial

Arvind and Company Shipping Agency Limited Financial Information (Restated Standalone)

Arvind and Company Shipping Agency Limited's revenue increased by 153.77% and profit after tax (PAT) rose by 246.15% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,381.18	1,860.94	578.46
Revenue	841.10	331.44	52.51
Profit After Tax	347.12	100.28	23.75
Net Worth	914.05	566.92	467.61
Reserves and Surplus	913.05	565.92	466.61
Total Borrowing	2,232.21	1,221.04	105.84
Amount in ₹ Lakhs

Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,003.04	4,753.57	6,377.89
Revenue	2,578.22	5,199.93	7,547.28
Profit After Tax	210.42	455.81	852.51
Net Worth	1,258.17	1,683.44	2,537.91
Reserves and Surplus	546.90	755.40	1,609.87
Total Borrowing		879.33	1,415.61

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

77.49%

Promoter Shareholding (Post-Issue)

73%

P/E Ratio

9.74

15.82

Market Cap

₹54.62 Cr.

₹174.17 Cr.

ROE

46.88%%

ROCE

37.44%%

Debt/Equity

2.44

EPS

₹4.62

₹3.92

RoNW

46.88%%

31.64%%

Shares Offered

In the Arvind and Company Shipping Agencies IPO retail investors (RII) are offered 15,54,000 shares while in Canarys Automations IPO retail investors are offered 15,54,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arvind and Company Shipping Agencies IPO and 28,80,000 shares in Canarys Automations IPO.

	Arvind and Company Shipping Agencies IPO	Canarys Automations IPO
Anchor Investor Reserveration		32,32,000 shares
Market Maker Reserveration	1,68,000 shares	7,60,000 shares
QIB	0 shares	28,80,000 shares
NII	15,54,000 shares	27,36,000 shares
RII	15,54,000 shares	50,48,000 shares
Employee	0 shares	0 shares
Others
Total	31,08,000 shares	1,06,64,000 shares

Bids Received (Subscription)

Arvind and Company Shipping Agencies IPO subscribed 385.03x in total, whereas Canarys Automations IPO subscribed 9.94x.

	Arvind and Company Shipping Agencies IPO	Canarys Automations IPO
QIB (times)		2.73x
NII (times)	436.05x	14.29x
Big NII (times)
Small NII (times)
RII (times)	321.97x	11.70x
Employee (times)
Other (times)
Total (times)	385.03x	9.94x

Compare with others

Arvind and Company Shipping Agencies IPO	Canarys Automations IPO
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Canarys Automations IPO	Kontor Space IPO

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