Drone Destination IPO vs Srivari Spices and Foods IPO

Comparision between Drone Destination IPO and Srivari Spices and Foods IPO.

IPO Details

Drone Destination IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Srivari Spices and Foods IPO is a SME Book Built Issue proposed to list at NSE SME.

	Drone Destination IPO	Srivari Spices and Foods IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	GYR Capital Advisors Private Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Drone Destination IPO is up to ₹44.20 Cr whereas the issue size of the Srivari Spices and Foods IPO is up to ₹9.00 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Srivari Spices and Foods IPO is ₹42.00 per share.

	Drone Destination IPO	Srivari Spices and Foods IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹62.00 per share	₹40.00 per share
Issue Price (Upper)	₹65.00 per share	₹42.00 per share
Issue Price (Final)	₹65.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	68,00,000 shares	21,42,000 shares
Fresh Issue Size (Amount)	up to ₹44.20 Cr	up to ₹9.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,00,000 shares	21,42,000 shares
Issue Size Total (Amount)	up to ₹44.20 Cr	up to ₹9.00 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Srivari Spices and Foods IPO opens on Aug 07, 2023. The closing date of Drone Destination IPO and Srivari Spices and Foods IPO is Jul 13, 2023, and Aug 09, 2023, respectively.

	Drone Destination IPO	Srivari Spices and Foods IPO
Anchor Bid Date	Jul 06, 2023	Aug 04, 2023
Issue Open	Jul 07, 2023	Aug 07, 2023
Issue Close	Jul 13, 2023	Aug 09, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Aug 14, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Aug 16, 2023
Credit of Share (Tentative)	Jul 20, 2023	Aug 17, 2023
Listing date (Tentative)	Jul 21, 2023	Aug 18, 2023
Anchor Lockin End date 1	Aug 17, 2023	Sep 13, 2023
Anchor Lockin End date 2	Oct 16, 2023	Nov 12, 2023

Financials

Drone Destination IPO P/E ratio is 64.35, as compared to Srivari Spices and Foods IPO P/E ratio of 9.59.

Drone Destination IPO

Srivari Spices and Foods IPO

Financial

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Srivari Spices and Foods IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	235.88	627.38	1,067.62	2,568.13
Revenue	19.05	1,139.90	1,764.21	3,582.01
Profit After Tax	-10.69	35.26	72.84	312.61
Net Worth	177.54	426.91	499.75	910.02
Reserves and Surplus	-10.69	24.57	97.41	410.02
Total Borrowing			277.39	1,283.51

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.14%

99.90%

Promoter Shareholding (Post-Issue)

62.31%

P/E Ratio

64.35

9.59

Market Cap

₹157.95 Cr.

₹30.00 Cr.

ROE

13.90%%

44.35%%

ROCE

18.65%%

23.65%%

Debt/Equity

0.06

1.41

EPS

₹25.80

₹4.45

RoNW

13.90%%

24.79%%

Shares Offered

In the Drone Destination IPO retail investors (RII) are offered 22,05,000 shares while in Srivari Spices and Foods IPO retail investors are offered 22,05,000 shares. Qualified institutional buyers (QIB) are offered 12,62,000 shares in Drone Destination IPO and 4,08,000 shares in Srivari Spices and Foods IPO.

	Drone Destination IPO	Srivari Spices and Foods IPO
Anchor Investor Reserveration	18,88,000 shares	6,06,000 shares
Market Maker Reserveration	5,00,000 shares	1,08,000 shares
QIB	12,62,000 shares	4,08,000 shares
NII	9,45,000 shares	3,06,000 shares
RII	22,05,000 shares	7,14,000 shares
Employee	0 shares	0 shares
Others
Total	44,12,000 shares	14,28,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 191.65x in total, whereas Srivari Spices and Foods IPO subscribed 450.03x.

	Drone Destination IPO	Srivari Spices and Foods IPO
QIB (times)	50.46x	79.10x
NII (times)	243.85x	786.11x
Big NII (times)
Small NII (times)
RII (times)	250.09x	517.95x
Employee (times)
Other (times)
Total (times)	191.65x	450.03x

Compare with others

Drone Destination IPO	Srivari Spices and Foods IPO
Khazanchi Jewellers IPO	Shri Techtex IPO
Srivari Spices and Foods IPO	Vinsys IT Services IPO
Asarfi Hospital IPO	Yasons Chemex Care IPO
Service Care IPO	Committed Cargo Care IPO
Ahasolar Technologies IPO	Khazanchi Jewellers IPO
AccelerateBS India IPO	Asarfi Hospital IPO
Synoptics Technologies IPO	Service Care IPO
Alphalogic Industries IPO	Ahasolar Technologies IPO
Global Pet Industries IPO	Drone Destination IPO
Tridhya Tech IPO	AccelerateBS India IPO

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