Hi-Green Carbon IPO vs Kody Technolab IPO

Comparision between Hi-Green Carbon IPO and Kody Technolab IPO.

IPO Details

Hi-Green Carbon IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Kody Technolab IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Hi-Green Carbon IPO	Kody Technolab 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	Beeline Capital Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker	Spread X Securities Private Limited	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 Hi-Green Carbon IPO is up to ₹52.80 Cr whereas the issue size of the Kody Technolab IPO is up to ₹27.52 Cr. The final issue price of Hi-Green Carbon IPO is ₹75.00 per share and of Kody Technolab IPO is ₹160.00 per share.

	Hi-Green Carbon IPO	Kody Technolab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	59,90,000 shares	17,20,000 shares
Fresh Issue Size (Amount)	up to ₹44.93 Cr	up to ₹27.52 Cr
OFS Issue Size	10,50,000 shares
OFS Issue Size (Amount)	up to ₹7.88 Cr
Issue Size Total	70,40,000 shares	17,20,000 shares
Issue Size Total (Amount)	up to ₹52.80 Cr	up to ₹27.52 Cr

IPO Timetable

Hi-Green Carbon IPO opens on Sep 21, 2023, while Kody Technolab IPO opens on Sep 15, 2023. The closing date of Hi-Green Carbon IPO and Kody Technolab IPO is Sep 25, 2023, and Sep 20, 2023, respectively.

	Hi-Green Carbon IPO	Kody Technolab IPO
Anchor Bid Date	Sep 20, 2023
Issue Open	Sep 21, 2023	Sep 15, 2023
Issue Close	Sep 25, 2023	Sep 20, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Sep 25, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Sep 26, 2023
Credit of Share (Tentative)	Oct 03, 2023	Sep 27, 2023
Listing date (Tentative)	Sep 28, 2023	Sep 27, 2023
Anchor Lockin End date 1	Oct 28, 2023	Oct 25, 2023
Anchor Lockin End date 2	Dec 27, 2023	Dec 24, 2023

Financials

Hi-Green Carbon IPO P/E ratio is 13.13, as compared to Kody Technolab IPO P/E ratio of 22.66.

Hi-Green Carbon IPO

Kody Technolab IPO

Financial

Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	3,310.91	3,424.36	4,387.83
Revenue	2,429.39	5,113.95	7,903.90
Profit After Tax	9.59	367.95	1,084.78
Net Worth	806.28	1,174.23	2,259.02
Reserves and Surplus	-1,093.72	-725.77	359.02
Total Borrowing	1,783.10	1,586.70	1,362.19

Amount in ₹ Lakhs

Kody Technolab IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	115.14	238.04	1,452.55
Revenue	248.16	384.20	1,109.10
Profit After Tax	-10.80	62.13	318.09
Net Worth	-171.16	-109.03	469.35
Reserves and Surplus	-172.16	-110.03	123.99
Total Borrowing	150.39	161.47	746.79

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

71.83%

73.01%

P/E Ratio

13.13

22.66

Market Cap

₹187.43 Cr.

₹101.98 Cr.

ROE

63.19%%

176.59%%

ROCE

64.70%%

97.37%%

Debt/Equity

0.6

1.59

EPS

₹5.71

₹7.06

RoNW

48.02%%

67.77%%

Shares Offered

In the Hi-Green Carbon IPO retail investors (RII) are offered 23,16,800 shares while in Kody Technolab IPO retail investors are offered 23,16,800 shares. Qualified institutional buyers (QIB) are offered 13,23,200 shares in Hi-Green Carbon IPO and 0 shares in Kody Technolab IPO.

	Hi-Green Carbon IPO	Kody Technolab IPO
Anchor Investor Reserveration	19,84,000 shares
Market Maker Reserveration	4,20,800 shares	86,400 shares
QIB	13,23,200 shares	0 shares
NII	9,93,600 shares	8,16,800 shares
RII	23,16,800 shares	8,16,800 shares
Employee	0 shares	0 shares
Others
Total	46,33,600 shares	16,33,600 shares

Bids Received (Subscription)

Hi-Green Carbon IPO subscribed 168.92x in total, whereas Kody Technolab IPO subscribed 51.55x.

	Hi-Green Carbon IPO	Kody Technolab IPO
QIB (times)	69.95x
NII (times)	236.76x	41.17x
Big NII (times)
Small NII (times)
RII (times)	196.35x	53.56x
Employee (times)
Other (times)
Total (times)	168.92x	51.55x

Compare with others

Hi-Green Carbon IPO	Kody Technolab IPO
Sunita Tools IPO	Marco Cables & Conductors IPO
Marco Cables & Conductors IPO	Mangalam Alloys IPO
Mangalam Alloys IPO	Master Components IPO
Master Components IPO	Techknowgreen Solutions IPO
Techknowgreen Solutions IPO	Hi-Green Carbon IPO
Kody Technolab IPO	Holmarc Opto-Mechatronics IPO
Holmarc Opto-Mechatronics IPO	Digikore Studios IPO
Digikore Studios IPO	Madhusudan Masala IPO
Madhusudan Masala IPO	Cellecor Gadgets IPO
Cellecor Gadgets IPO	Kundan Edifice IPO

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