Canarys Automations IPO vs Vinyas Innovative Technologies IPO

Comparision between Canarys Automations IPO and Vinyas Innovative Technologies IPO.

IPO Details

Canarys Automations IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vinyas Innovative Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Canarys Automations IPO	Vinyas Innovative Technologies 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	Indorient Financial Services Ltd	Sarthi Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Alacrity Securities Ltd.	Gretex Share Broking Private 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 Canarys Automations IPO is up to ₹47.03 Cr whereas the issue size of the Vinyas Innovative Technologies IPO is up to ₹54.66 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Vinyas Innovative Technologies IPO is ₹165.00 per share.

	Canarys Automations IPO	Vinyas Innovative Technologies IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹29.00 per share	₹162.00 per share
Issue Price (Upper)	₹31.00 per share	₹165.00 per share
Issue Price (Final)	₹31.00 per share	₹165.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	800 shares
Fresh Issue Size	1,51,72,000 shares	33,12,800 shares
Fresh Issue Size (Amount)	up to ₹47.03 Cr	up to ₹54.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,51,72,000 shares	33,12,800 shares
Issue Size Total (Amount)	up to ₹47.03 Cr	up to ₹54.66 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Vinyas Innovative Technologies IPO opens on Sep 27, 2023. The closing date of Canarys Automations IPO and Vinyas Innovative Technologies IPO is Oct 03, 2023, and Oct 03, 2023, respectively.

	Canarys Automations IPO	Vinyas Innovative Technologies IPO
Anchor Bid Date	Sep 26, 2023	Sep 26, 2023
Issue Open	Sep 27, 2023	Sep 27, 2023
Issue Close	Oct 03, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Oct 09, 2023	Oct 05, 2023
Credit of Share (Tentative)	Oct 10, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 06, 2023
Anchor Lockin End date 1	Nov 05, 2023	Nov 03, 2023
Anchor Lockin End date 2	Jan 04, 2024	Jan 02, 2024

Financials

Canarys Automations IPO P/E ratio is 15.82, as compared to Vinyas Innovative Technologies IPO P/E ratio of 8.4.

Canarys Automations IPO

Vinyas Innovative Technologies IPO

Financial

Canarys Automations IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,003.04	4,753.57	6,377.89
Revenue	2,578.22	5,199.93	7,547.28
Profit After Tax	210.42	455.81	852.51
Net Worth	1,258.17	1,683.44	2,537.91
Reserves and Surplus	546.90	755.40	1,609.87
Total Borrowing		879.33	1,415.61

Amount in ₹ Lakhs

Vinyas Innovative Technologies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	18,458.95	22,149.04	21,598.64
Revenue	20,780.50	21,216.30	23,885.41
Profit After Tax	123.15	100.88	734.34
Net Worth	3,069.38	3,144.74	4,522.99
Reserves and Surplus	2,695.17	2,770.54	4,178.79
Total Borrowing	9,365.89	9,542.58	8,571.01

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

77.49%

39.87%

Promoter Shareholding (Post-Issue)

29.37%

P/E Ratio

15.82

8.4

Market Cap

₹174.17 Cr.

₹207.65 Cr.

ROE

16.13%%

ROCE

35.20%%

Debt/Equity

1.88

EPS

₹3.92

₹19.62

RoNW

31.64%%

16.13%%

Shares Offered

In the Canarys Automations IPO retail investors (RII) are offered 50,48,000 shares while in Vinyas Innovative Technologies IPO retail investors are offered 50,48,000 shares. Qualified institutional buyers (QIB) are offered 28,80,000 shares in Canarys Automations IPO and 6,29,600 shares in Vinyas Innovative Technologies IPO.

	Canarys Automations IPO	Vinyas Innovative Technologies IPO
Anchor Investor Reserveration	32,32,000 shares	9,43,200 shares
Market Maker Reserveration	7,60,000 shares	1,66,400 shares
QIB	28,80,000 shares	6,29,600 shares
NII	27,36,000 shares	4,72,000 shares
RII	50,48,000 shares	11,01,600 shares
Employee	0 shares	0 shares
Others
Total	1,06,64,000 shares	22,03,200 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Vinyas Innovative Technologies IPO subscribed 43.24x.

	Canarys Automations IPO	Vinyas Innovative Technologies IPO
QIB (times)	2.73x	42.74x
NII (times)	14.29x	95.16x
Big NII (times)
Small NII (times)
RII (times)	11.70x	21.27x
Employee (times)
Other (times)
Total (times)	9.94x	43.24x

Compare with others

Canarys Automations IPO	Vinyas Innovative Technologies IPO
Arvind and Company Shipping Agencies IPO	Vivaa Tradecom IPO
WomanCart IPO	Karnika Industries IPO
Vivaa Tradecom IPO	City Crops Agro IPO
Karnika Industries IPO	Canarys Automations IPO
City Crops Agro IPO	Oneclick Logistics India IPO
Oneclick Logistics India IPO	Plada Infotech Services IPO
Vinyas Innovative Technologies IPO	Sharp Chucks And Machines IPO
Plada Infotech Services IPO	Kontor Space IPO
Sharp Chucks And Machines IPO	Vishnusurya Projects and Infra IPO
Kontor Space IPO	E Factor Experiences IPO

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