Krishca Strapping Solutions IPO vs Retina Paints IPO

Comparision between Krishca Strapping Solutions IPO and Retina Paints IPO.

IPO Details

Krishca Strapping Solutions IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Retina Paints IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Krishca Strapping Solutions IPO	Retina Paints 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	Share India Capital Services Private Limited	Gretex Corporate Services Limited
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Share India Securities Limited	Gretex Share Broking 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 Krishca Strapping Solutions IPO is up to ₹17.93 Cr whereas the issue size of the Retina Paints IPO is up to ₹11.10 Cr. The final issue price of Krishca Strapping Solutions IPO is ₹54.00 per share and of Retina Paints IPO is ₹30.00 per share.

	Krishca Strapping Solutions IPO	Retina Paints IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share
Issue Price (Upper)	₹54.00 per share
Issue Price (Final)	₹54.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	33,20,000 shares	37,00,000 shares
Fresh Issue Size (Amount)	up to ₹17.93 Cr	up to ₹11.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	33,20,000 shares	37,00,000 shares
Issue Size Total (Amount)	up to ₹17.93 Cr	up to ₹11.10 Cr

IPO Timetable

Krishca Strapping Solutions IPO opens on May 16, 2023, while Retina Paints IPO opens on Apr 19, 2023. The closing date of Krishca Strapping Solutions IPO and Retina Paints IPO is May 19, 2023, and Apr 24, 2023, respectively.

	Krishca Strapping Solutions IPO	Retina Paints IPO
Anchor Bid Date
Issue Open	May 16, 2023	Apr 19, 2023
Issue Close	May 19, 2023	Apr 24, 2023
Basis Of Allotment (Tentative)	May 24, 2023	Apr 27, 2023
Initiation of Refunds (Tentative)	May 25, 2023	Apr 28, 2023
Credit of Share (Tentative)	May 26, 2023	May 02, 2023
Listing date (Tentative)	May 26, 2023	May 03, 2023
Anchor Lockin End date 1	Jun 23, 2023	May 27, 2023
Anchor Lockin End date 2	Aug 22, 2023	Jul 26, 2023

Financials

Krishca Strapping Solutions IPO P/E ratio is 3.43, as compared to Retina Paints IPO P/E ratio of .

Krishca Strapping Solutions IPO

Retina Paints IPO

Financial

Krishca Strapping Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	915.75	98.15	-223.92	64.34	-237.02	827.36
31-Mar-21	1,292.02	971.05	-67.25	-120.28	-421.64	1,337.48
31-Mar-22	1,544.00	1,871.71	150.54	159.51	-340.49	939.28
15-Feb-23	2,696.96	6,351.23	785.75	945.26	445.26	1,193.01
Amount in ₹ Lakhs

Retina Paints Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	670.34	681.44	4.67	90.86	18.86	319.10
31-Mar-21	986.71	685.99	4.55	95.41	23.41	614.11
31-Mar-22	1,162.77	647.24	11.33	219.74	34.74	588.01
30-Nov-22	2,074.77	533.88	39.99	1,240.73	728.73	433.44
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.34%

80.70%

Promoter Shareholding (Post-Issue)

62.6%

59.28%

P/E Ratio

3.43

Market Cap

₹65.18 Cr.

ROE

ROCE

Debt/Equity

EPS

₹15.71

RoNW

0.83%%

Shares Offered

In the Krishca Strapping Solutions IPO retail investors (RII) are offered 8,45,600 shares while in Retina Paints IPO retail investors are offered 8,45,600 shares. Qualified institutional buyers (QIB) are offered 12,08,000 shares in Krishca Strapping Solutions IPO and 0 shares in Retina Paints IPO.

	Krishca Strapping Solutions IPO	Retina Paints IPO
Anchor Investor Reserveration	9,04,000 shares
Market Maker Reserveration	3,00,000 shares	1,88,000 shares
QIB	12,08,000 shares	0 shares
NII	3,62,400 shares	18,50,000 shares
RII	8,45,600 shares	18,50,000 shares
Employee	0 shares	0 shares
Others
Total	24,16,000 shares	37,00,000 shares

Bids Received (Subscription)

Krishca Strapping Solutions IPO subscribed 336.57x in total, whereas Retina Paints IPO subscribed 8.29x.

	Krishca Strapping Solutions IPO	Retina Paints IPO
QIB (times)	36.10x
NII (times)	786.89x	6.10x
Big NII (times)
Small NII (times)
RII (times)	572.83x	10.41x
Employee (times)
Other (times)
Total (times)	336.57x	8.29x

Compare with others

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Remus Pharmaceuticals IPO	Krishca Strapping Solutions IPO
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Quicktouch Technologies IPO	Pattech Fitwell Tube Components IPO
Retina Paints IPO	Sancode Technologies IPO
A G Universal IPO	Exhicon Events IPO
Pattech Fitwell Tube Components IPO	Sotac Pharmaceuticals IPO

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