Drone Destination IPO vs Khazanchi Jewellers IPO

Comparision between Drone Destination IPO and Khazanchi Jewellers IPO.

IPO Details

Drone Destination IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Khazanchi Jewellers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Drone Destination IPO	Khazanchi Jewellers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Narnolia Financial Services Ltd	Mark Corporate Advisors Private Limited
Registrar	Maashitla Securities Private Limited	Cameo Corporate Services Limited
Market Maker	Nikunj Stock Brokers Limited	Svcm 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 Drone Destination IPO is up to ₹44.20 Cr whereas the issue size of the Khazanchi Jewellers IPO is up to ₹97.00 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Khazanchi Jewellers IPO is ₹140.00 per share.

	Drone Destination IPO	Khazanchi Jewellers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹62.00 per share
Issue Price (Upper)	₹65.00 per share
Issue Price (Final)	₹65.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	68,00,000 shares	69,10,000 shares
Fresh Issue Size (Amount)	up to ₹44.20 Cr	up to ₹96.74 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,00,000 shares	69,10,000 shares
Issue Size Total (Amount)	up to ₹44.20 Cr	up to ₹97.00 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Khazanchi Jewellers IPO opens on Jul 24, 2023. The closing date of Drone Destination IPO and Khazanchi Jewellers IPO is Jul 13, 2023, and Jul 28, 2023, respectively.

	Drone Destination IPO	Khazanchi Jewellers IPO
Anchor Bid Date	Jul 06, 2023
Issue Open	Jul 07, 2023	Jul 24, 2023
Issue Close	Jul 13, 2023	Jul 28, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Aug 02, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Aug 03, 2023
Credit of Share (Tentative)	Jul 20, 2023	Aug 04, 2023
Listing date (Tentative)	Jul 21, 2023	Aug 07, 2023
Anchor Lockin End date 1	Aug 17, 2023	Sep 01, 2023
Anchor Lockin End date 2	Oct 16, 2023	Oct 31, 2023

Financials

Drone Destination IPO P/E ratio is 64.35, as compared to Khazanchi Jewellers IPO P/E ratio of 45.75.

Drone Destination IPO

Khazanchi Jewellers IPO

Financial

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Khazanchi Jewellers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	10,379.93	36,165.36	230.71	2,269.33	1,276.21	7,786.00
31-Mar-21	11,319.79	38,242.89	275.58	2,544.91	1,551.79	7,480.12
31-Mar-22	12,436.20	25,799.75	326.62	2,871.53	1,878.41	8,412.38
31-Mar-23	14,506.80	48,181.65	756.49	3,604.99	2,611.87	8,462.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.14%

100.00%

Promoter Shareholding (Post-Issue)

62.31%

P/E Ratio

64.35

45.75

Market Cap

₹157.95 Cr.

₹346.46 Cr.

ROE

13.90%%

20.98%

ROCE

18.65%%

18.91%

Debt/Equity

0.06

1.45

EPS

₹25.80

₹7.62

RoNW

13.90%%

20.98%%

Shares Offered

In the Drone Destination IPO retail investors (RII) are offered 22,05,000 shares while in Khazanchi Jewellers IPO retail investors are offered 22,05,000 shares. Qualified institutional buyers (QIB) are offered 12,62,000 shares in Drone Destination IPO and 0 shares in Khazanchi Jewellers IPO.

	Drone Destination IPO	Khazanchi Jewellers IPO
Anchor Investor Reserveration	18,88,000 shares
Market Maker Reserveration	5,00,000 shares	3,46,000 shares
QIB	12,62,000 shares	0 shares
NII	9,45,000 shares	32,82,000 shares
RII	22,05,000 shares	32,82,000 shares
Employee	0 shares	0 shares
Others
Total	44,12,000 shares	65,64,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 191.65x in total, whereas Khazanchi Jewellers IPO subscribed 1.26x.

	Drone Destination IPO	Khazanchi Jewellers IPO
QIB (times)	50.46x
NII (times)	243.85x	1.74x
Big NII (times)
Small NII (times)
RII (times)	250.09x	0.78x
Employee (times)
Other (times)
Total (times)	191.65x	1.26x

Compare with others

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Synoptics Technologies IPO	Asarfi Hospital IPO
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Global Pet Industries IPO	Ahasolar Technologies IPO
Tridhya Tech IPO	Drone Destination IPO

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