Modis Navnirman IPO vs Scarnose International IPO

Comparision between Modis Navnirman IPO and Scarnose International IPO.

IPO Details

Modis Navnirman IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Scarnose International IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Modis Navnirman IPO	Scarnose International IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Aryaman Financial Services Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker
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 Modis Navnirman IPO is up to ₹22.68 Cr whereas the issue size of the Scarnose International IPO is up to ₹6.60 Cr. The final issue price of Modis Navnirman IPO is ₹180.00 per share and of Scarnose International IPO is ₹55.00 per share.

	Modis Navnirman IPO	Scarnose International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹180.00 per share	₹55.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	12,60,000 shares	12,00,000 shares
Fresh Issue Size (Amount)	up to ₹22.68 Cr	up to ₹6.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,60,000 shares	12,00,000 shares
Issue Size Total (Amount)	up to ₹22.68 Cr	up to ₹6.60 Cr

IPO Timetable

Modis Navnirman IPO opens on Jun 23, 2022, while Scarnose International IPO opens on Jun 14, 2022. The closing date of Modis Navnirman IPO and Scarnose International IPO is Jun 28, 2022, and Jun 17, 2022, respectively.

	Modis Navnirman IPO	Scarnose International IPO
Anchor Bid Date
Issue Open	Jun 23, 2022	Jun 14, 2022
Issue Close	Jun 28, 2022	Jun 17, 2022
Basis Of Allotment (Tentative)	Jul 01, 2022	Jun 22, 2022
Initiation of Refunds (Tentative)	Jul 04, 2022	Jun 23, 2022
Credit of Share (Tentative)	Jul 05, 2022	Jun 24, 2022
Listing date (Tentative)	Jul 06, 2022	Jun 27, 2022
Anchor Lockin End date 1	Jul 31, 2022	Jul 22, 2022
Anchor Lockin End date 2	Sep 29, 2022	Sep 20, 2022

Financials

Modis Navnirman IPO P/E ratio is 57.32, as compared to Scarnose International IPO P/E ratio of 51.89.

Modis Navnirman IPO

Scarnose International IPO

Financial

Modi's Navnirman Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	998.48	2195.46	139.78
31-Mar-21	735.21	1322.34	37.83
31-Mar-22	3098.29	1151.07	132.7
Amount in ₹ Lakhs

Scarnose International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1204.91	1204.56	2.81	4.05	3.04
31-Mar-21	457.8	3255.72	22.51	190.55	148.55
31-Mar-22	1242.25	9593.02	33.42	339	143.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

99.99%

Promoter Shareholding (Post-Issue)

70.20%

61.90%

P/E Ratio

57.32

51.89

Market Cap

₹76.14 Cr.

₹17.33 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Modis Navnirman IPO retail investors (RII) are offered 5,96,000 shares while in Scarnose International IPO retail investors are offered 5,96,000 shares. Qualified institutional buyers (QIB) are offered in Modis Navnirman IPO and in Scarnose International IPO.

	Modis Navnirman IPO	Scarnose International IPO
Anchor Investor Reserveration
Market Maker Reserveration	68,000 shares	60,000 shares
QIB
NII	5,96,000 shares	5,70,000 shares
RII	5,96,000 shares	5,70,000 shares
Employee
Others
Total	11,92,000 shares	11,40,000 shares

Bids Received (Subscription)

Modis Navnirman IPO subscribed 1.99x in total, whereas Scarnose International IPO subscribed 2.22x.

	Modis Navnirman IPO	Scarnose International IPO
QIB (times)
NII (times)	2.76x	2.09x
Big NII (times)
Small NII (times)
RII (times)	1.22x	2.34x
Employee (times)
Other (times)
Total (times)	1.99x	2.22x

Compare with others

Modis Navnirman IPO	Scarnose International IPO
Jayant Infratech IPO	Mangalam Worldwide IPO
SKP Bearing Industries IPO	Modis Navnirman IPO
Veerkrupa Jewellers IPO	Pearl Green Clubs and Resorts IPO
Sailani Tours N Travels IPO	KCK Industries IPO
Mangalam Worldwide IPO	Goel Food Products IPO
Pearl Green Clubs and Resorts IPO	Silver Pearl Hospitality IPO
KCK Industries IPO	Fidel Softech IPO
Goel Food Products IPO	Globesecure Technologies IPO
Scarnose International IPO	Rachana Infrastructure IPO
Silver Pearl Hospitality IPO	Sonu Infratech IPO

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