Karnika Industries IPO vs Plada Infotech Services IPO

Comparision between Karnika Industries IPO and Plada Infotech Services IPO.

IPO Details

Karnika Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Plada Infotech Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Karnika Industries IPO	Plada Infotech Services 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	Indorient Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities 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 Karnika Industries IPO is up to ₹25.07 Cr whereas the issue size of the Plada Infotech Services IPO is up to ₹12.36 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of Plada Infotech Services IPO is ₹48.00 per share.

	Karnika Industries IPO	Plada Infotech Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹76.00 per share	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	32,99,200 shares	25,74,000 shares
Fresh Issue Size (Amount)	up to ₹25.07 Cr	up to ₹12.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,99,200 shares	25,74,000 shares
Issue Size Total (Amount)	up to ₹25.07 Cr	up to ₹12.36 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while Plada Infotech Services IPO opens on Sep 29, 2023. The closing date of Karnika Industries IPO and Plada Infotech Services IPO is Oct 05, 2023, and Oct 05, 2023, respectively.

	Karnika Industries IPO	Plada Infotech Services IPO
Anchor Bid Date
Issue Open	Sep 29, 2023	Sep 29, 2023
Issue Close	Oct 05, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 10, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 11, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 12, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 12, 2023	Oct 13, 2023
Anchor Lockin End date 1	Nov 09, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 08, 2024	Jan 07, 2024

Financials

Karnika Industries IPO P/E ratio is 7.57, as compared to Plada Infotech Services IPO P/E ratio of 12.31.

Karnika Industries IPO

Plada Infotech Services 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

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)

100.00%

89.50%

Promoter Shareholding (Post-Issue)

73.39%

62.64%

P/E Ratio

7.57

12.31

Market Cap

₹94.24 Cr.

₹41.16 Cr.

ROE

37%%

ROCE

21%%

Debt/Equity

2.9

2.2

EPS

₹9.66

₹3.90

RoNW

45.76%%

31.07%%

Shares Offered

In the Karnika Industries IPO retail investors (RII) are offered 15,66,400 shares while in Plada Infotech Services IPO retail investors are offered 15,66,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Karnika Industries IPO and 0 shares in Plada Infotech Services IPO.

	Karnika Industries IPO	Plada Infotech Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,66,400 shares	1,29,000 shares
QIB	0 shares	0 shares
NII	15,66,400 shares	12,22,500 shares
RII	15,66,400 shares	12,22,500 shares
Employee	0 shares	0 shares
Others
Total	31,32,800 shares	24,45,000 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas Plada Infotech Services IPO subscribed 57.85x.

	Karnika Industries IPO	Plada Infotech Services IPO
QIB (times)
NII (times)	3.22x	39.81x
Big NII (times)
Small NII (times)
RII (times)	2.91x	73.78x
Employee (times)
Other (times)
Total (times)	3.07x	57.85x

Compare with others

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

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