KN Agri IPO vs SP Refractories IPO

Comparision between KN Agri IPO and SP Refractories IPO.

IPO Details

KN Agri IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while SP Refractories IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	KN Agri IPO	SP Refractories IPO
Logo		$SP Refractories IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease 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 KN Agri IPO is up to ₹49.38 Cr whereas the issue size of the SP Refractories IPO is up to ₹4.92 Cr. The final issue price of KN Agri IPO is ₹75.00 per share and of SP Refractories IPO is ₹90.00 per share.

	KN Agri IPO	SP Refractories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	65,84,000 shares	2,97,600 shares
Fresh Issue Size (Amount)	up to ₹49.38 Cr	up to ₹2.68 Cr
OFS Issue Size		2,49,600 shares
OFS Issue Size (Amount)		up to ₹2.25 Cr
Issue Size Total	65,84,000 shares	5,47,200 shares
Issue Size Total (Amount)	up to ₹49.38 Cr	up to ₹4.92 Cr

IPO Timetable

KN Agri IPO opens on Mar 15, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of KN Agri IPO and SP Refractories IPO is Mar 17, 2022, and Mar 11, 2022, respectively.

	KN Agri IPO	SP Refractories IPO
Anchor Bid Date
Issue Open	Mar 15, 2022	Mar 09, 2022
Issue Close	Mar 17, 2022	Mar 11, 2022
Basis Of Allotment (Tentative)	Mar 23, 2022	Mar 16, 2022
Initiation of Refunds (Tentative)	Mar 24, 2022	Mar 17, 2022
Credit of Share (Tentative)	Mar 25, 2022	Mar 21, 2022
Listing date (Tentative)	Mar 28, 2022	Mar 22, 2022
Anchor Lockin End date 1	Apr 22, 2022	Apr 15, 2022
Anchor Lockin End date 2	Jun 21, 2022	Jun 14, 2022

Financials

KN Agri IPO P/E ratio is 5.57, as compared to SP Refractories IPO P/E ratio of 9.94.

KN Agri IPO

SP Refractories IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakh)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	20,189.43	19,255.07	14,835.30	19,466.14
Total Revenue	59,467.46	130,119.34	85,319.66	129,246.84
Profit After Tax	1,683.92	2,618.93	1,320.67	2,140.47

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,232.20	1,057.17	898.33	792.01
Total Revenue	1,447.64	2,572.48	2,099.59	1,855.95
Profit After Tax	80.74	75.35	39.93	20.59

Promoter Shareholding (Pre-Issue)

99.99%

100%

Promoter Shareholding (Post-Issue)

73.66%

69.42%

P/E Ratio

5.57

9.94

Market Cap

₹187.49 Cr.

₹16.11 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the KN Agri IPO retail investors (RII) are offered 21,88,800 shares while in SP Refractories IPO retail investors are offered 21,88,800 shares. Qualified institutional buyers (QIB) are offered 31,23,200 shares in KN Agri IPO and in SP Refractories IPO.

	KN Agri IPO	SP Refractories IPO
Anchor Investor Reserveration	18,73,600 shares
Market Maker Reserveration	3,32,800 shares	28,800 shares
QIB	31,23,200 shares
NII	9,39,200 shares	2,59,200 shares
RII	21,88,800 shares	2,59,200 shares
Employee
Others
Total	62,51,200 shares	5,18,400 shares

Bids Received (Subscription)

KN Agri IPO subscribed 151.90x in total, whereas SP Refractories IPO subscribed 7.24x.

	KN Agri IPO	SP Refractories IPO
QIB (times)	10.66x
NII (times)	771.64x	5.64x
Big NII (times)
Small NII (times)
RII (times)	87.52x	8.85x
Employee (times)
Other (times)
Total (times)	151.90x	7.24x

Compare with others

KN Agri IPO	SP Refractories IPO
p e-analytics-ipo	achyut-healthcare-ipo
achyut-healthcare-ipo	Bhatia Colour Chem IPO
Bhatia Colour Chem IPO	Evoq Remedies IPO
Evoq Remedies IPO	Swaraj Suiting IPO
Swaraj Suiting IPO	KN Agri IPO
SP Refractories IPO	Cool Caps IPO
Cool Caps IPO	Shigan Quantum Technologies IPO
Shigan Quantum Technologies IPO	Ekennis Software IPO
Ekennis Software IPO	Richa Info Systems IPO
Richa Info Systems IPO	Madhavbaug IPO

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