Karnika Industries IPO vs Paragon Fine And Speciality Chemicals IPO

Comparision between Karnika Industries IPO and Paragon Fine And Speciality Chemicals IPO.

IPO Details

Karnika Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Paragon Fine And Speciality Chemicals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Karnika Industries IPO	Paragon Fine And Speciality Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Hem Finlease 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 Karnika Industries IPO is up to ₹25.07 Cr whereas the issue size of the Paragon Fine And Speciality Chemicals IPO is up to ₹51.66 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of Paragon Fine And Speciality Chemicals IPO is ₹100.00 per share.

	Karnika Industries IPO	Paragon Fine And Speciality Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹95.00 per share
Issue Price (Upper)		₹100.00 per share
Issue Price (Final)	₹76.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	32,99,200 shares	51,66,000 shares
Fresh Issue Size (Amount)	up to ₹25.07 Cr	up to ₹51.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,99,200 shares	51,66,000 shares
Issue Size Total (Amount)	up to ₹25.07 Cr	up to ₹51.66 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while Paragon Fine And Speciality Chemicals IPO opens on Oct 26, 2023. The closing date of Karnika Industries IPO and Paragon Fine And Speciality Chemicals IPO is Oct 05, 2023, and Oct 30, 2023, respectively.

	Karnika Industries IPO	Paragon Fine And Speciality Chemicals IPO
Anchor Bid Date		Oct 25, 2023
Issue Open	Sep 29, 2023	Oct 26, 2023
Issue Close	Oct 05, 2023	Oct 30, 2023
Basis Of Allotment (Tentative)	Oct 10, 2023	Nov 02, 2023
Initiation of Refunds (Tentative)	Oct 11, 2023	Nov 03, 2023
Credit of Share (Tentative)	Oct 12, 2023	Nov 06, 2023
Listing date (Tentative)	Oct 12, 2023	Nov 03, 2023
Anchor Lockin End date 1	Nov 09, 2023	Dec 02, 2023
Anchor Lockin End date 2	Jan 08, 2024	Jan 31, 2024

Financials

Karnika Industries IPO P/E ratio is 7.57, as compared to Paragon Fine And Speciality Chemicals IPO P/E ratio of 14.56.

Karnika Industries IPO

Paragon Fine And Speciality Chemicals IPO

Financial

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

Paragon Fine And Speciality Chemicals Limited Financial Information (Restated)

Paragon Fine And Speciality Chemicals Limited's revenue increased by 24.16% and profit after tax (PAT) rose by 120.3% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,412.19	7,097.84	5,750.53	4,983.26
Revenue	2,900.43	10,501.19	8,457.92	8,436.94
Profit After Tax	362.16	989.21	449.02	439.77
Net Worth	2,595.67	2,233.52	1,244.31	795.29
Reserves and Surplus	2,235.67	1,873.52	1,234.31	785.29
Total Borrowing	2,709.67	2,521.03	2,068.16	2,193.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

73.39%

73.60%

P/E Ratio

7.57

14.56

Market Cap

₹94.24 Cr.

₹195.66 Cr.

ROE

56.89%%

ROCE

38.86%%

Debt/Equity

2.9

EPS

₹9.66

₹6.87

RoNW

45.76%%

44.29%

Shares Offered

In the Karnika Industries IPO retail investors (RII) are offered 15,66,400 shares while in Paragon Fine And Speciality Chemicals IPO retail investors are offered 15,66,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Karnika Industries IPO and 9,81,600 shares in Paragon Fine And Speciality Chemicals IPO.

	Karnika Industries IPO	Paragon Fine And Speciality Chemicals IPO
Anchor Investor Reserveration		14,70,000 shares
Market Maker Reserveration	1,66,400 shares	2,61,600 shares
QIB	0 shares	9,81,600 shares
NII	15,66,400 shares	7,35,600 shares
RII	15,66,400 shares	17,17,200 shares
Employee	0 shares	0 shares
Others
Total	31,32,800 shares	34,34,400 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas Paragon Fine And Speciality Chemicals IPO subscribed 205.74x.

	Karnika Industries IPO	Paragon Fine And Speciality Chemicals IPO
QIB (times)		81.38x
NII (times)	3.22x	419.46x
Big NII (times)
Small NII (times)
RII (times)	2.91x	185.28x
Employee (times)
Other (times)
Total (times)	3.07x	205.74x

Compare with others

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Plada Infotech Services IPO	Karnika Industries IPO

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