City Crops Agro IPO vs Karnika Industries IPO

Comparision between City Crops Agro IPO and Karnika Industries IPO.

IPO Details

City Crops Agro IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Karnika Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	City Crops Agro IPO	Karnika Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Turnaround Corporate Advisors Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Mnm Stock Broking Private Limited	Spread X Securities 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 City Crops Agro IPO is up to ₹15.00 Cr whereas the issue size of the Karnika Industries IPO is up to ₹25.07 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Karnika Industries IPO is ₹76.00 per share.

	City Crops Agro IPO	Karnika Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹25.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	1600 shares
Fresh Issue Size	60,00,000 shares	32,99,200 shares
Fresh Issue Size (Amount)	up to ₹15.00 Cr	up to ₹25.07 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	32,99,200 shares
Issue Size Total (Amount)	up to ₹15.00 Cr	up to ₹25.07 Cr

IPO Timetable

City Crops Agro IPO opens on Sep 26, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of City Crops Agro IPO and Karnika Industries IPO is Sep 29, 2023, and Oct 05, 2023, respectively.

	City Crops Agro IPO	Karnika Industries IPO
Anchor Bid Date
Issue Open	Sep 26, 2023	Sep 29, 2023
Issue Close	Sep 29, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 05, 2023	Oct 10, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Oct 11, 2023
Credit of Share (Tentative)	Oct 09, 2023	Oct 12, 2023
Listing date (Tentative)	Oct 10, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 04, 2023	Nov 09, 2023
Anchor Lockin End date 2	Jan 03, 2024	Jan 08, 2024

Financials

City Crops Agro IPO P/E ratio is 22.03, as compared to Karnika Industries IPO P/E ratio of 7.57.

City Crops Agro IPO

Karnika Industries IPO

Financial

City Crops Agro IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	246.99	1,298.96	1,402.71
Revenue	348.90	1,775.69	2,462.50
Profit After Tax	4.32	48.41	117.08
Net Worth	5.08	1,077.14	1,194.25
Reserves and Surplus	4.08	45.50	162.57
Total Borrowing	0.51	5.01	2.01

Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

86.51%

100.00%

Promoter Shareholding (Post-Issue)

54.70%

73.39%

P/E Ratio

22.03

7.57

Market Cap

₹40.79 Cr.

₹94.24 Cr.

ROE

ROCE

Debt/Equity

2.9

EPS

₹1.13

₹9.66

RoNW

9.80%%

45.76%%

Shares Offered

In the City Crops Agro IPO retail investors (RII) are offered 28,50,000 shares while in Karnika Industries IPO retail investors are offered 28,50,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in City Crops Agro IPO and 0 shares in Karnika Industries IPO.

	City Crops Agro IPO	Karnika Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,00,000 shares	1,66,400 shares
QIB	0 shares	0 shares
NII	28,50,000 shares	15,66,400 shares
RII	28,50,000 shares	15,66,400 shares
Employee	0 shares	0 shares
Others
Total	57,00,000 shares	31,32,800 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas Karnika Industries IPO subscribed 3.07x.

	City Crops Agro IPO	Karnika Industries IPO
QIB (times)
NII (times)	2.15x	3.22x
Big NII (times)
Small NII (times)
RII (times)	4.78x	2.91x
Employee (times)
Other (times)
Total (times)	3.47x	3.07x

Compare with others

City Crops Agro IPO	Karnika Industries IPO
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Karnika Industries IPO	Vivaa Tradecom IPO
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