NIKS Technology IPO vs Siddhika Coatings IPO

Comparision between NIKS Technology IPO and Siddhika Coatings IPO.

IPO Details

NIKS Technology IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Siddhika Coatings IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	NIKS Technology IPO	Siddhika Coatings 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	Gretex Corporate Services Limited	Unistone Capital Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of NIKS Technology IPO is up to ₹2.01 Cr whereas the issue size of the Siddhika Coatings IPO is up to ₹4.70 Cr. The final issue price of NIKS Technology IPO is ₹201.00 per share and of Siddhika Coatings IPO is ₹57.00 per share.

	NIKS Technology IPO	Siddhika Coatings IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹201.00 per share	₹57.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	2000 shares
Fresh Issue Size	33,200 shares
Fresh Issue Size (Amount)	up to ₹0.67 Cr
OFS Issue Size	67,000 shares
OFS Issue Size (Amount)	up to ₹1.35 Cr
Issue Size Total	1,00,200 shares	8,24,000 shares
Issue Size Total (Amount)	up to ₹2.01 Cr	up to ₹4.70 Cr

IPO Timetable

NIKS Technology IPO opens on Mar 19, 2021, while Siddhika Coatings IPO opens on Mar 24, 2021. The closing date of NIKS Technology IPO and Siddhika Coatings IPO is Mar 23, 2021, and Mar 26, 2021, respectively.

	NIKS Technology IPO	Siddhika Coatings IPO
Anchor Bid Date
Issue Open	Mar 19, 2021	Mar 24, 2021
Issue Close	Mar 23, 2021	Mar 26, 2021
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

NIKS Technology IPO P/E ratio is 119.64, as compared to Siddhika Coatings IPO P/E ratio of .

NIKS Technology IPO

Siddhika Coatings IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in lakh)
	31-Jan-21	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	67.56	39.37	7.36	9.30
Total Revenue	27.66	19.66	19.84	19.32
Profit After Tax	14.31	8.15	(0.18)	(0.64)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	2,142.26	2,302.13	2,054.86	1,535.18
Total Revenue	614.65	3,041.78	3,223.74	2,214.65
Profit After Tax	19.98	295.86	351.14	256.44

Promoter Shareholding (Pre-Issue)

99.97%

83.64%

Promoter Shareholding (Post-Issue)

P/E Ratio

119.64

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the NIKS Technology IPO retail investors (RII) are offered 50,100 shares while in Siddhika Coatings IPO retail investors are offered 50,100 shares. Qualified institutional buyers (QIB) are offered in NIKS Technology IPO and in Siddhika Coatings IPO.

	NIKS Technology IPO	Siddhika Coatings IPO
Anchor Investor Reserveration
Market Maker Reserveration	5,400 shares	42,000 shares
QIB
NII	50,100 shares	3,91,000 shares
RII	50,100 shares	3,91,000 shares
Employee
Others
Total	1,00,200 shares	7,82,000 shares

Bids Received (Subscription)

NIKS Technology IPO subscribed 4.10x in total, whereas Siddhika Coatings IPO subscribed 2.60x.

	NIKS Technology IPO	Siddhika Coatings IPO
QIB (times)
NII (times)	0.99x	2.33x
Big NII (times)
Small NII (times)
RII (times)	7.21x	2.87x
Employee (times)
Other (times)
Total (times)	4.10x	2.60x

Compare with others

NIKS Technology IPO	Siddhika Coatings IPO
Jetmall spices and masala ipo	Abhishek Integrations IPO
V-Marc India IPO	Kuberan Global Edu Solutions IPO
Rajeshwari Cans IPO	Jetmall spices and masala ipo
Siddhika Coatings IPO	V-Marc India IPO
EKI Energy Services IPO	Rajeshwari Cans IPO
Rangoli Tradecomm IPO	EKI Energy Services IPO
KMEW IPO	NIKS Technology IPO
Ashapuri Gold Ornament FPO	Rangoli Tradecomm IPO
ADJIA Technologies IPO	KMEW IPO
Pavna Industries IPO	Ashapuri Gold Ornament FPO

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