Karnika Industries IPO vs Vinyas Innovative Technologies IPO

Comparision between Karnika Industries IPO and Vinyas Innovative Technologies IPO.

IPO Details

Karnika Industries 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.

	Karnika Industries IPO	Vinyas Innovative Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Sarthi Capital Advisors Private Limited
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Spread X Securities Private Limited	Gretex Share Broking 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 Karnika Industries IPO is up to ₹25.07 Cr whereas the issue size of the Vinyas Innovative Technologies IPO is up to ₹54.66 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of Vinyas Innovative Technologies IPO is ₹165.00 per share.

	Karnika Industries IPO	Vinyas Innovative Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹162.00 per share
Issue Price (Upper)		₹165.00 per share
Issue Price (Final)	₹76.00 per share	₹165.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	32,99,200 shares	33,12,800 shares
Fresh Issue Size (Amount)	up to ₹25.07 Cr	up to ₹54.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,99,200 shares	33,12,800 shares
Issue Size Total (Amount)	up to ₹25.07 Cr	up to ₹54.66 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while Vinyas Innovative Technologies IPO opens on Sep 27, 2023. The closing date of Karnika Industries IPO and Vinyas Innovative Technologies IPO is Oct 05, 2023, and Oct 03, 2023, respectively.

	Karnika Industries IPO	Vinyas Innovative Technologies IPO
Anchor Bid Date		Sep 26, 2023
Issue Open	Sep 29, 2023	Sep 27, 2023
Issue Close	Oct 05, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Oct 10, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Oct 11, 2023	Oct 05, 2023
Credit of Share (Tentative)	Oct 12, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 12, 2023	Oct 06, 2023
Anchor Lockin End date 1	Nov 09, 2023	Nov 03, 2023
Anchor Lockin End date 2	Jan 08, 2024	Jan 02, 2024

Financials

Karnika Industries IPO P/E ratio is 7.57, as compared to Vinyas Innovative Technologies IPO P/E ratio of 8.4.

Karnika Industries IPO

Vinyas Innovative Technologies IPO

Financial

Karnika Industries IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	3,055.87	5,921.42	10,071.04
Revenue	4,779.31	9,892.52	12,605.62
Profit After Tax	81.61	454.01	826.74
Net Worth	378.14	1,860.88	1,806.83
Reserves and Surplus			896.80
Total Borrowing	1,570.94	2,224.13	5,245.53

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)

100.00%

39.87%

Promoter Shareholding (Post-Issue)

73.39%

29.37%

P/E Ratio

7.57

8.4

Market Cap

₹94.24 Cr.

₹207.65 Cr.

ROE

16.13%%

ROCE

35.20%%

Debt/Equity

2.9

1.88

EPS

₹9.66

₹19.62

RoNW

45.76%%

16.13%%

Shares Offered

In the Karnika Industries IPO retail investors (RII) are offered 15,66,400 shares while in Vinyas Innovative Technologies IPO retail investors are offered 15,66,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Karnika Industries IPO and 6,29,600 shares in Vinyas Innovative Technologies IPO.

	Karnika Industries IPO	Vinyas Innovative Technologies IPO
Anchor Investor Reserveration		9,43,200 shares
Market Maker Reserveration	1,66,400 shares	1,66,400 shares
QIB	0 shares	6,29,600 shares
NII	15,66,400 shares	4,72,000 shares
RII	15,66,400 shares	11,01,600 shares
Employee	0 shares	0 shares
Others
Total	31,32,800 shares	22,03,200 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas Vinyas Innovative Technologies IPO subscribed 43.24x.

	Karnika Industries IPO	Vinyas Innovative Technologies IPO
QIB (times)		42.74x
NII (times)	3.22x	95.16x
Big NII (times)
Small NII (times)
RII (times)	2.91x	21.27x
Employee (times)
Other (times)
Total (times)	3.07x	43.24x

Compare with others

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

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