Chavda Infra IPO vs Kundan Edifice IPO

Comparision between Chavda Infra IPO and Kundan Edifice IPO.

IPO Details

Chavda Infra IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Kundan Edifice IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Chavda Infra IPO	Kundan Edifice 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	Beeline Capital Advisors Pvt Ltd	Fedex Securities�Pvt Ltd
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
Market Maker	Spread X Securities Private Limited	Gretex Share Broking 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 Chavda Infra IPO is up to ₹43.26 Cr whereas the issue size of the Kundan Edifice IPO is up to ₹25.22 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Kundan Edifice IPO is ₹91.00 per share.

	Chavda Infra IPO	Kundan Edifice IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share
Issue Price (Upper)	₹65.00 per share
Issue Price (Final)	₹65.00 per share	₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	66,56,000 shares	27,72,000 shares
Fresh Issue Size (Amount)	up to ₹43.26 Cr	up to ₹25.22 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	66,56,000 shares	27,72,000 shares
Issue Size Total (Amount)	up to ₹43.26 Cr	up to ₹25.22 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Kundan Edifice IPO opens on Sep 12, 2023. The closing date of Chavda Infra IPO and Kundan Edifice IPO is Sep 14, 2023, and Sep 15, 2023, respectively.

	Chavda Infra IPO	Kundan Edifice IPO
Anchor Bid Date	Sep 11, 2023
Issue Open	Sep 12, 2023	Sep 12, 2023
Issue Close	Sep 14, 2023	Sep 15, 2023
Basis Of Allotment (Tentative)	Sep 20, 2023	Sep 21, 2023
Initiation of Refunds (Tentative)	Sep 21, 2023	Sep 22, 2023
Credit of Share (Tentative)	Sep 22, 2023	Sep 25, 2023
Listing date (Tentative)	Sep 25, 2023	Sep 26, 2023
Anchor Lockin End date 1	Oct 20, 2023	Oct 21, 2023
Anchor Lockin End date 2	Dec 19, 2023	Dec 20, 2023

Financials

Chavda Infra IPO P/E ratio is 9.72, as compared to Kundan Edifice IPO P/E ratio of 13.3.

Chavda Infra IPO

Kundan Edifice IPO

Financial

Chavda Infra IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	8,668.11	10,880.79	15,424.40
Revenue	9,131.05	10,987.68	16,203.37
Profit After Tax	443.84	521.46	1,204.62
Net Worth	1,314.28	1,835.74	3,040.36
Reserves and Surplus	1,164.28	1,685.74	1,240.36
Total Borrowing	3,330.32	4,993.14	5,328.95

Amount in ₹ Lakhs

Kundan Edifice IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	846.60	1,185.44	1,928.14	2,965.84
Revenue	649.70	1,522.43	3,250.60	6,046.36
Profit After Tax	4.05	77.22	167.82	513.09
Net Worth	27.68	129.90	297.72	810.81
Reserves and Surplus	-247.32	-170.10	-2.28	60.81
Total Borrowing	636.89	728.65	905.03	1,450.61

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.00%

Promoter Shareholding (Post-Issue)

73%

72.28%

P/E Ratio

9.72

13.3

Market Cap

₹160.26 Cr.

₹93.48 Cr.

ROE

49.41%%

63.28%%

ROCE

43.62%%

43.69%%

Debt/Equity

1.75

1.79

EPS

₹6.69

₹6.84

RoNW

39.62%%

63.28%%

Shares Offered

In the Chavda Infra IPO retail investors (RII) are offered 22,12,000 shares while in Kundan Edifice IPO retail investors are offered 22,12,000 shares. Qualified institutional buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and 0 shares in Kundan Edifice IPO.

	Chavda Infra IPO	Kundan Edifice IPO
Anchor Investor Reserveration	18,96,000 shares
Market Maker Reserveration	3,36,000 shares	1,41,600 shares
QIB	12,64,000 shares	0 shares
NII	9,48,000 shares	13,15,200 shares
RII	22,12,000 shares	13,15,200 shares
Employee	0 shares	0 shares
Others
Total	44,24,000 shares	26,30,400 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Kundan Edifice IPO subscribed 42.27x.

	Chavda Infra IPO	Kundan Edifice IPO
QIB (times)	95.10x
NII (times)	241.96x	35.68x
Big NII (times)
Small NII (times)
RII (times)	202.07x	44.13x
Employee (times)
Other (times)
Total (times)	180.06x	42.27x

Compare with others

Chavda Infra IPO	Kundan Edifice IPO
Digikore Studios IPO	Kody Technolab IPO
Madhusudan Masala IPO	Holmarc Opto-Mechatronics IPO
Cellecor Gadgets IPO	Digikore Studios IPO
Kundan Edifice IPO	Madhusudan Masala IPO
Meson Valves India IPO	Cellecor Gadgets IPO
Jiwanram Sheoduttrai Industries IPO	Meson Valves India IPO
Unihealth Consultancy IPO	Chavda Infra IPO
Kahan Packaging IPO	Jiwanram Sheoduttrai Industries IPO
Pramara Promotions IPO	Unihealth Consultancy IPO
Saroja Pharma Industries IPO	Kahan Packaging IPO

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