City Crops Agro IPO vs Plada Infotech Services IPO

Comparision between City Crops Agro IPO and Plada Infotech Services IPO.

IPO Details

City Crops Agro IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Plada Infotech Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	City Crops Agro IPO	Plada Infotech Services 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	Indorient Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Mnm Stock Broking Private Limited	Nikunj Stock Brokers 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 Plada Infotech Services IPO is up to ₹12.36 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of Plada Infotech Services IPO is ₹48.00 per share.

	City Crops Agro IPO	Plada Infotech Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹25.00 per share	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	3000 shares
Fresh Issue Size	60,00,000 shares	25,74,000 shares
Fresh Issue Size (Amount)	up to ₹15.00 Cr	up to ₹12.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	25,74,000 shares
Issue Size Total (Amount)	up to ₹15.00 Cr	up to ₹12.36 Cr

IPO Timetable

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

	City Crops Agro IPO	Plada Infotech Services 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 09, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 09, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 10, 2023	Oct 13, 2023
Anchor Lockin End date 1	Nov 04, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 03, 2024	Jan 07, 2024

Financials

City Crops Agro IPO P/E ratio is 22.03, as compared to Plada Infotech Services IPO P/E ratio of 12.31.

City Crops Agro IPO

Plada Infotech Services 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

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)

86.51%

89.50%

Promoter Shareholding (Post-Issue)

54.70%

62.64%

P/E Ratio

22.03

12.31

Market Cap

₹40.79 Cr.

₹41.16 Cr.

ROE

37%%

ROCE

21%%

Debt/Equity

2.2

EPS

₹1.13

₹3.90

RoNW

9.80%%

31.07%%

Shares Offered

In the City Crops Agro IPO retail investors (RII) are offered 28,50,000 shares while in Plada Infotech Services 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 Plada Infotech Services IPO.

	City Crops Agro IPO	Plada Infotech Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,00,000 shares	1,29,000 shares
QIB	0 shares	0 shares
NII	28,50,000 shares	12,22,500 shares
RII	28,50,000 shares	12,22,500 shares
Employee	0 shares	0 shares
Others
Total	57,00,000 shares	24,45,000 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas Plada Infotech Services IPO subscribed 57.85x.

	City Crops Agro IPO	Plada Infotech Services IPO
QIB (times)
NII (times)	2.15x	39.81x
Big NII (times)
Small NII (times)
RII (times)	4.78x	73.78x
Employee (times)
Other (times)
Total (times)	3.47x	57.85x

Compare with others

City Crops Agro IPO	Plada Infotech Services IPO
On Door Concepts IPO	Karnika Industries IPO
Arvind and Company Shipping Agencies IPO	City Crops Agro IPO
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Vinyas Innovative Technologies IPO	Vishnusurya Projects and Infra IPO
Plada Infotech Services IPO	E Factor Experiences IPO
Sharp Chucks And Machines IPO	Rajgor Castor Derivatives IPO

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