Karnika Industries IPO vs On Door Concepts IPO

Comparision between Karnika Industries IPO and On Door Concepts IPO.

IPO Details

Karnika Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while On Door Concepts IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Karnika Industries IPO	On Door Concepts 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	First Overseas Capital Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities 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 Karnika Industries IPO is up to ₹25.07 Cr whereas the issue size of the On Door Concepts IPO is up to ₹31.18 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of On Door Concepts IPO is ₹208.00 per share.

	Karnika Industries IPO	On Door Concepts IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹76.00 per share	₹208.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	600 shares
Fresh Issue Size	32,99,200 shares	14,98,800 shares
Fresh Issue Size (Amount)	up to ₹25.07 Cr	up to ₹31.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,99,200 shares	14,98,800 shares
Issue Size Total (Amount)	up to ₹25.07 Cr	up to ₹31.18 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while On Door Concepts IPO opens on Oct 23, 2023. The closing date of Karnika Industries IPO and On Door Concepts IPO is Oct 05, 2023, and Oct 27, 2023, respectively.

	Karnika Industries IPO	On Door Concepts IPO
Anchor Bid Date
Issue Open	Sep 29, 2023	Oct 23, 2023
Issue Close	Oct 05, 2023	Oct 27, 2023
Basis Of Allotment (Tentative)	Oct 10, 2023	Oct 31, 2023
Initiation of Refunds (Tentative)	Oct 11, 2023	Nov 01, 2023
Credit of Share (Tentative)	Oct 12, 2023	Nov 01, 2023
Listing date (Tentative)	Oct 12, 2023	Nov 01, 2023
Anchor Lockin End date 1	Nov 09, 2023	Nov 30, 2023
Anchor Lockin End date 2	Jan 08, 2024	Jan 29, 2024

Financials

Karnika Industries IPO P/E ratio is 7.57, as compared to On Door Concepts IPO P/E ratio of 4.56.

Karnika Industries IPO

On Door Concepts 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

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)

100.00%

51.92%

Promoter Shareholding (Post-Issue)

73.39%

38.14%

P/E Ratio

7.57

4.56

Market Cap

₹94.24 Cr.

₹117.49 Cr.

ROE

25.51%%

ROCE

50.90%%

Debt/Equity

2.9

EPS

₹9.66

₹56.77

RoNW

45.76%%

25.51%%

Shares Offered

In the Karnika Industries IPO retail investors (RII) are offered 15,66,400 shares while in On Door Concepts 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 On Door Concepts IPO.

	Karnika Industries IPO	On Door Concepts IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,66,400 shares	86,400 shares
QIB	0 shares	0 shares
NII	15,66,400 shares	7,06,200 shares
RII	15,66,400 shares	7,06,200 shares
Employee	0 shares	0 shares
Others
Total	31,32,800 shares	14,12,400 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas On Door Concepts IPO subscribed 5.59x.

	Karnika Industries IPO	On Door Concepts IPO
QIB (times)
NII (times)	3.22x	3.16x
Big NII (times)
Small NII (times)
RII (times)	2.91x	7.87x
Employee (times)
Other (times)
Total (times)	3.07x	5.59x

Compare with others

Karnika Industries IPO	On Door Concepts IPO
Paragon Fine And Speciality Chemicals IPO	Transteel Seating Technologies IPO
On Door Concepts IPO	Benchmark Computer Solutions IPO
Arvind and Company Shipping Agencies IPO	Maitreya Medicare Limited IPO
WomanCart IPO	Shanthala FMCG Products IPO
Vivaa Tradecom IPO	Paragon Fine And Speciality Chemicals 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	Karnika Industries IPO
Plada Infotech Services IPO	City Crops Agro IPO

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