Canarys Automations IPO vs Plada Infotech Services IPO

Comparision between Canarys Automations IPO and Plada Infotech Services IPO.

IPO Details

Canarys Automations IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Plada Infotech Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Canarys Automations IPO	Plada Infotech Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd	Indorient Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Alacrity Securities Ltd.	Nikunj Stock Brokers 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 Canarys Automations IPO is up to ₹47.03 Cr whereas the issue size of the Plada Infotech Services IPO is up to ₹12.36 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Plada Infotech Services IPO is ₹48.00 per share.

	Canarys Automations IPO	Plada Infotech Services 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	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	1,51,72,000 shares	25,74,000 shares
Fresh Issue Size (Amount)	up to ₹47.03 Cr	up to ₹12.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,51,72,000 shares	25,74,000 shares
Issue Size Total (Amount)	up to ₹47.03 Cr	up to ₹12.36 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Plada Infotech Services IPO opens on Sep 29, 2023. The closing date of Canarys Automations IPO and Plada Infotech Services IPO is Oct 03, 2023, and Oct 05, 2023, respectively.

	Canarys Automations IPO	Plada Infotech Services IPO
Anchor Bid Date	Sep 26, 2023
Issue Open	Sep 27, 2023	Sep 29, 2023
Issue Close	Oct 03, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 09, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 10, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 13, 2023
Anchor Lockin End date 1	Nov 05, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 04, 2024	Jan 07, 2024

Financials

Canarys Automations IPO P/E ratio is 15.82, as compared to Plada Infotech Services IPO P/E ratio of 12.31.

Canarys Automations IPO

Plada Infotech Services IPO

Financial

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

Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,711.29	2,760.03	2,720.30	2,811.09
Revenue	5,068.20	4,460.86	4,887.39	6,275.12
Profit After Tax	119.93	66.71	109.87	233.82
Net Worth	342.60	408.44	518.10	752.70
Reserves and Surplus	341.60	407.44	498.10	552.70
Total Borrowing	1,989.85	1,952.59	1,771.67	1,654.13

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

77.49%

89.50%

Promoter Shareholding (Post-Issue)

62.64%

P/E Ratio

15.82

12.31

Market Cap

₹174.17 Cr.

₹41.16 Cr.

ROE

37%%

ROCE

21%%

Debt/Equity

2.2

EPS

₹3.92

₹3.90

RoNW

31.64%%

31.07%%

Shares Offered

In the Canarys Automations IPO retail investors (RII) are offered 50,48,000 shares while in Plada Infotech Services IPO retail investors are offered 50,48,000 shares. Qualified institutional buyers (QIB) are offered 28,80,000 shares in Canarys Automations IPO and 0 shares in Plada Infotech Services IPO.

	Canarys Automations IPO	Plada Infotech Services IPO
Anchor Investor Reserveration	32,32,000 shares
Market Maker Reserveration	7,60,000 shares	1,29,000 shares
QIB	28,80,000 shares	0 shares
NII	27,36,000 shares	12,22,500 shares
RII	50,48,000 shares	12,22,500 shares
Employee	0 shares	0 shares
Others
Total	1,06,64,000 shares	24,45,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Plada Infotech Services IPO subscribed 57.85x.

	Canarys Automations IPO	Plada Infotech Services IPO
QIB (times)	2.73x
NII (times)	14.29x	39.81x
Big NII (times)
Small NII (times)
RII (times)	11.70x	73.78x
Employee (times)
Other (times)
Total (times)	9.94x	57.85x

Compare with others

Canarys Automations IPO	Plada Infotech Services IPO
Arvind and Company Shipping Agencies IPO	Karnika Industries IPO
WomanCart IPO	City Crops Agro IPO
Vivaa Tradecom IPO	Canarys Automations IPO
Karnika Industries IPO	Oneclick Logistics India IPO
City Crops Agro IPO	Vinyas Innovative Technologies IPO
Oneclick Logistics India IPO	Sharp Chucks And Machines IPO
Vinyas Innovative Technologies IPO	Kontor Space IPO
Plada Infotech Services IPO	Vishnusurya Projects and Infra IPO
Sharp Chucks And Machines IPO	E Factor Experiences IPO
Kontor Space IPO	Rajgor Castor Derivatives IPO

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