Arvind and Company Shipping Agencies IPO vs Karnika Industries IPO

Comparision between Arvind and Company Shipping Agencies IPO and Karnika Industries IPO.

IPO Details

Arvind and Company Shipping Agencies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Karnika Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arvind and Company Shipping Agencies IPO	Karnika Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Spread X Securities 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 Arvind and Company Shipping Agencies IPO is up to ₹14.74 Cr whereas the issue size of the Karnika Industries IPO is up to ₹25.07 Cr. The final issue price of Arvind and Company Shipping Agencies IPO is ₹45.00 per share and of Karnika Industries IPO is ₹76.00 per share.

	Arvind and Company Shipping Agencies IPO	Karnika Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹45.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	32,76,000 shares	32,99,200 shares
Fresh Issue Size (Amount)	up to ₹14.74 Cr	up to ₹25.07 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,76,000 shares	32,99,200 shares
Issue Size Total (Amount)	up to ₹14.74 Cr	up to ₹25.07 Cr

IPO Timetable

Arvind and Company Shipping Agencies IPO opens on Oct 12, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of Arvind and Company Shipping Agencies IPO and Karnika Industries IPO is Oct 16, 2023, and Oct 05, 2023, respectively.

	Arvind and Company Shipping Agencies IPO	Karnika Industries IPO
Anchor Bid Date
Issue Open	Oct 12, 2023	Sep 29, 2023
Issue Close	Oct 16, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 19, 2023	Oct 10, 2023
Initiation of Refunds (Tentative)	Oct 20, 2023	Oct 11, 2023
Credit of Share (Tentative)	Oct 23, 2023	Oct 12, 2023
Listing date (Tentative)	Oct 25, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 18, 2023	Nov 09, 2023
Anchor Lockin End date 2	Jan 17, 2024	Jan 08, 2024

Financials

Arvind and Company Shipping Agencies IPO P/E ratio is 9.74, as compared to Karnika Industries IPO P/E ratio of 7.57.

Arvind and Company Shipping Agencies IPO

Karnika Industries IPO

Financial

Arvind and Company Shipping Agency Limited Financial Information (Restated Standalone)

Arvind and Company Shipping Agency Limited's revenue increased by 153.77% and profit after tax (PAT) rose by 246.15% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,381.18	1,860.94	578.46
Revenue	841.10	331.44	52.51
Profit After Tax	347.12	100.28	23.75
Net Worth	914.05	566.92	467.61
Reserves and Surplus	913.05	565.92	466.61
Total Borrowing	2,232.21	1,221.04	105.84
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)

100%

100.00%

Promoter Shareholding (Post-Issue)

73%

73.39%

P/E Ratio

9.74

7.57

Market Cap

₹54.62 Cr.

₹94.24 Cr.

ROE

46.88%%

ROCE

37.44%%

Debt/Equity

2.44

2.9

EPS

₹4.62

₹9.66

RoNW

46.88%%

45.76%%

Shares Offered

In the Arvind and Company Shipping Agencies IPO retail investors (RII) are offered 15,54,000 shares while in Karnika Industries IPO retail investors are offered 15,54,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arvind and Company Shipping Agencies IPO and 0 shares in Karnika Industries IPO.

	Arvind and Company Shipping Agencies IPO	Karnika Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,68,000 shares	1,66,400 shares
QIB	0 shares	0 shares
NII	15,54,000 shares	15,66,400 shares
RII	15,54,000 shares	15,66,400 shares
Employee	0 shares	0 shares
Others
Total	31,08,000 shares	31,32,800 shares

Bids Received (Subscription)

Arvind and Company Shipping Agencies IPO subscribed 385.03x in total, whereas Karnika Industries IPO subscribed 3.07x.

	Arvind and Company Shipping Agencies IPO	Karnika Industries IPO
QIB (times)
NII (times)	436.05x	3.22x
Big NII (times)
Small NII (times)
RII (times)	321.97x	2.91x
Employee (times)
Other (times)
Total (times)	385.03x	3.07x

Compare with others

Arvind and Company Shipping Agencies IPO	Karnika Industries IPO
Benchmark Computer Solutions IPO	Paragon Fine And Speciality Chemicals IPO
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Shanthala FMCG Products IPO	Arvind and Company Shipping Agencies IPO
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On Door Concepts IPO	Vivaa Tradecom IPO
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Karnika Industries IPO	Oneclick Logistics India IPO
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Canarys Automations IPO	Plada Infotech Services IPO

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