Canarys Automations IPO vs Karnika Industries IPO

Comparision between Canarys Automations IPO and Karnika Industries IPO.

IPO Details

Canarys Automations 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.

	Canarys Automations IPO	Karnika Industries 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	Indorient Financial Services Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Alacrity Securities Ltd.	Spread X Securities 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 Karnika Industries IPO is up to ₹25.07 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Karnika Industries IPO is ₹76.00 per share.

	Canarys Automations IPO	Karnika Industries 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	₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	1,51,72,000 shares	32,99,200 shares
Fresh Issue Size (Amount)	up to ₹47.03 Cr	up to ₹25.07 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,51,72,000 shares	32,99,200 shares
Issue Size Total (Amount)	up to ₹47.03 Cr	up to ₹25.07 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Karnika Industries IPO opens on Sep 29, 2023. The closing date of Canarys Automations IPO and Karnika Industries IPO is Oct 03, 2023, and Oct 05, 2023, respectively.

	Canarys Automations IPO	Karnika Industries IPO
Anchor Bid Date	Sep 26, 2023
Issue Open	Sep 27, 2023	Sep 29, 2023
Issue Close	Oct 03, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 10, 2023
Initiation of Refunds (Tentative)	Oct 09, 2023	Oct 11, 2023
Credit of Share (Tentative)	Oct 10, 2023	Oct 12, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 05, 2023	Nov 09, 2023
Anchor Lockin End date 2	Jan 04, 2024	Jan 08, 2024

Financials

Canarys Automations IPO P/E ratio is 15.82, as compared to Karnika Industries IPO P/E ratio of 7.57.

Canarys Automations IPO

Karnika Industries IPO

Financial

Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,003.04	4,753.57	6,377.89
Revenue	2,578.22	5,199.93	7,547.28
Profit After Tax	210.42	455.81	852.51
Net Worth	1,258.17	1,683.44	2,537.91
Reserves and Surplus	546.90	755.40	1,609.87
Total Borrowing		879.33	1,415.61

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)

77.49%

100.00%

Promoter Shareholding (Post-Issue)

73.39%

P/E Ratio

15.82

7.57

Market Cap

₹174.17 Cr.

₹94.24 Cr.

ROE

ROCE

Debt/Equity

2.9

EPS

₹3.92

₹9.66

RoNW

31.64%%

45.76%%

Shares Offered

In the Canarys Automations IPO retail investors (RII) are offered 50,48,000 shares while in Karnika Industries 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 Karnika Industries IPO.

	Canarys Automations IPO	Karnika Industries IPO
Anchor Investor Reserveration	32,32,000 shares
Market Maker Reserveration	7,60,000 shares	1,66,400 shares
QIB	28,80,000 shares	0 shares
NII	27,36,000 shares	15,66,400 shares
RII	50,48,000 shares	15,66,400 shares
Employee	0 shares	0 shares
Others
Total	1,06,64,000 shares	31,32,800 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Karnika Industries IPO subscribed 3.07x.

	Canarys Automations IPO	Karnika Industries IPO
QIB (times)	2.73x
NII (times)	14.29x	3.22x
Big NII (times)
Small NII (times)
RII (times)	11.70x	2.91x
Employee (times)
Other (times)
Total (times)	9.94x	3.07x

Compare with others

Canarys Automations IPO	Karnika Industries IPO
Arvind and Company Shipping Agencies IPO	Paragon Fine And Speciality Chemicals IPO
WomanCart IPO	On Door Concepts IPO
Vivaa Tradecom IPO	Arvind and Company Shipping Agencies IPO
Karnika Industries IPO	WomanCart IPO
City Crops Agro IPO	Vivaa Tradecom IPO
Oneclick Logistics India IPO	City Crops Agro IPO
Vinyas Innovative Technologies IPO	Canarys Automations IPO
Plada Infotech Services IPO	Oneclick Logistics India IPO
Sharp Chucks And Machines IPO	Vinyas Innovative Technologies IPO
Kontor Space IPO	Plada Infotech Services IPO

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