City Crops Agro IPO vs On Door Concepts IPO

Comparision between City Crops Agro IPO and On Door Concepts IPO.

IPO Details

City Crops Agro IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while On Door Concepts IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	City Crops Agro IPO	On Door Concepts IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Turnaround Corporate Advisors Private Limited	First Overseas Capital Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Mnm Stock Broking Private Limited	Bhh Securities Private 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 City Crops Agro IPO is up to ₹15.00 Cr whereas the issue size of the On Door Concepts IPO is up to ₹31.18 Cr. The final issue price of City Crops Agro IPO is ₹25.00 per share and of On Door Concepts IPO is ₹208.00 per share.

	City Crops Agro IPO	On Door Concepts IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹25.00 per share	₹208.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	600 shares
Fresh Issue Size	60,00,000 shares	14,98,800 shares
Fresh Issue Size (Amount)	up to ₹15.00 Cr	up to ₹31.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	14,98,800 shares
Issue Size Total (Amount)	up to ₹15.00 Cr	up to ₹31.18 Cr

IPO Timetable

City Crops Agro IPO opens on Sep 26, 2023, while On Door Concepts IPO opens on Oct 23, 2023. The closing date of City Crops Agro IPO and On Door Concepts IPO is Sep 29, 2023, and Oct 27, 2023, respectively.

	City Crops Agro IPO	On Door Concepts IPO
Anchor Bid Date
Issue Open	Sep 26, 2023	Oct 23, 2023
Issue Close	Sep 29, 2023	Oct 27, 2023
Basis Of Allotment (Tentative)	Oct 05, 2023	Oct 31, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Nov 01, 2023
Credit of Share (Tentative)	Oct 09, 2023	Nov 01, 2023
Listing date (Tentative)	Oct 10, 2023	Nov 01, 2023
Anchor Lockin End date 1	Nov 04, 2023	Nov 30, 2023
Anchor Lockin End date 2	Jan 03, 2024	Jan 29, 2024

Financials

City Crops Agro IPO P/E ratio is 22.03, as compared to On Door Concepts IPO P/E ratio of 4.56.

City Crops Agro IPO

On Door Concepts IPO

Financial

City Crops Agro IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	246.99	1,298.96	1,402.71
Revenue	348.90	1,775.69	2,462.50
Profit After Tax	4.32	48.41	117.08
Net Worth	5.08	1,077.14	1,194.25
Reserves and Surplus	4.08	45.50	162.57
Total Borrowing	0.51	5.01	2.01

Amount in ₹ Lakhs

On Door Concepts Limited Financial Information (Restated)

On Door Concepts Limited's revenue increased by 3.93% and profit after tax (PAT) rose by 343.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,009.46	7,782.37	6,563.49
Revenue	18,015.02	17,333.09	18,306.01
Profit After Tax	1,306.18	-536.98	-523.44
Net Worth	5,120.78	-6,625.38	-6,088.40
Reserves and Surplus	4,734.32	-6,827.89	-6,290.91
Total Borrowing
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.51%

51.92%

Promoter Shareholding (Post-Issue)

54.70%

38.14%

P/E Ratio

22.03

4.56

Market Cap

₹40.79 Cr.

₹117.49 Cr.

ROE

25.51%%

ROCE

50.90%%

Debt/Equity

EPS

₹1.13

₹56.77

RoNW

9.80%%

25.51%%

Shares Offered

In the City Crops Agro IPO retail investors (RII) are offered 28,50,000 shares while in On Door Concepts IPO retail investors are offered 28,50,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in City Crops Agro IPO and 0 shares in On Door Concepts IPO.

	City Crops Agro IPO	On Door Concepts IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,00,000 shares	86,400 shares
QIB	0 shares	0 shares
NII	28,50,000 shares	7,06,200 shares
RII	28,50,000 shares	7,06,200 shares
Employee	0 shares	0 shares
Others
Total	57,00,000 shares	14,12,400 shares

Bids Received (Subscription)

City Crops Agro IPO subscribed 3.47x in total, whereas On Door Concepts IPO subscribed 5.59x.

	City Crops Agro IPO	On Door Concepts IPO
QIB (times)
NII (times)	2.15x	3.16x
Big NII (times)
Small NII (times)
RII (times)	4.78x	7.87x
Employee (times)
Other (times)
Total (times)	3.47x	5.59x

Compare with others

City Crops Agro IPO	On Door Concepts IPO
On Door Concepts IPO	Transteel Seating Technologies IPO
Arvind and Company Shipping Agencies IPO	Benchmark Computer Solutions IPO
WomanCart IPO	Maitreya Medicare Limited IPO
Vivaa Tradecom IPO	Shanthala FMCG Products IPO
Karnika Industries IPO	Paragon Fine And Speciality Chemicals IPO
Canarys Automations IPO	Arvind and Company Shipping Agencies IPO
Oneclick Logistics India IPO	WomanCart IPO
Vinyas Innovative Technologies IPO	Vivaa Tradecom IPO
Plada Infotech Services IPO	Karnika Industries IPO
Sharp Chucks And Machines IPO	City Crops Agro IPO

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