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Canarys Automations IPO vs Vivaa Tradecom IPO

Comparision between Canarys Automations IPO and Vivaa Tradecom IPO.

IPO Details

Canarys Automations 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.

  Canarys Automations IPO Vivaa Tradecom IPO
Logo Canarys Automations IPO Logo Vivaa Tradecom IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Indorient Financial Services Ltd Interactive Financial Services Ltd
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Alacrity Securities Ltd. Asnani Stock Broker Private 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 Vivaa Tradecom IPO is up to ₹7.99 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 IPO Vivaa 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)
Discount (Employee)
Market Lot Size 4000 shares 2000 shares
Fresh Issue Size 1,51,72,000 shares 15,66,000 shares
Fresh Issue Size (Amount) up to ₹47.03 Cr up to ₹7.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 1,51,72,000 shares 15,66,000 shares
Issue Size Total (Amount) up to ₹47.03 Cr up to ₹7.99 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 IPO Vivaa Tradecom IPO
Anchor Bid Date Sep 26, 2023
Issue Open Sep 27, 2023 Sep 27, 2023
Issue Close Oct 03, 2023 Oct 04, 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 12, 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 Vivaa Tradecom IPO P/E ratio of 47.66.

  Canarys Automations IPO Vivaa Tradecom IPO
Financial
Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,003.044,753.576,377.89
Revenue2,578.225,199.937,547.28
Profit After Tax210.42455.81852.51
Net Worth1,258.171,683.442,537.91
Reserves and Surplus546.90755.401,609.87
Total Borrowing879.331,415.61
Amount in ₹ Lakhs
Vivaa Tradecom IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets9,430.209,803.464,918.80
Revenue14,734.5624,728.7013,402.83
Profit After Tax-6.4844.3925.48
Net Worth1,118.581,162.971,211.70
Reserves and Surplus1,116.261,160.65974.55
Total Borrowing1,354.911,113.05457.36
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 77.49% 50%
Promoter Shareholding (Post-Issue) 30.11%
P/E Ratio 15.82 47.66
Market Cap ₹174.17 Cr. ₹20.08 Cr.
ROE
ROCE
Debt/Equity 0.38
EPS ₹3.92 ₹11.07
RoNW 31.64%% 2.10%%

Shares Offered

In the Canarys Automations IPO retail 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 28,80,000 shares in Canarys Automations IPO and 0 shares in Vivaa Tradecom IPO.

  Canarys Automations IPO Vivaa Tradecom IPO
Anchor Investor Reserveration 32,32,000 shares
Market Maker Reserveration 7,60,000 shares 82,000 shares
QIB 28,80,000 shares 0 shares
NII 27,36,000 shares 7,42,000 shares
RII 50,48,000 shares 7,42,000 shares
Employee 0 shares 0 shares
Others
Total 1,06,64,000 shares 14,84,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Vivaa Tradecom IPO subscribed 1.81x.

  Canarys Automations IPO Vivaa Tradecom IPO
QIB (times) 2.73x
NII (times) 14.29x 0.70x
Big NII (times)
Small NII (times)
RII (times) 11.70x 2.86x
Employee (times)
Other (times)
Total (times) 9.94x 1.81x

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