Canarys Automations IPO vs Vivaa Tradecom IPO

Comparision between Canarys Automations IPO and Vivaa Tradecom IPO.

IPO Details

Canarys Automations IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vivaa Tradecom IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Canarys Automations IPO	Vivaa Tradecom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Indorient Financial Services Ltd	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Alacrity Securities Ltd.	Asnani Stock Broker 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 Canarys Automations IPO is up to ₹47.03 Cr whereas the issue size of the Vivaa Tradecom IPO is up to ₹7.99 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of Vivaa Tradecom IPO is ₹51.00 per share.

	Canarys Automations IPO	Vivaa Tradecom IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹29.00 per share
Issue Price (Upper)	₹31.00 per share
Issue Price (Final)	₹31.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	1,51,72,000 shares	15,66,000 shares
Fresh Issue Size (Amount)	up to ₹47.03 Cr	up to ₹7.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,51,72,000 shares	15,66,000 shares
Issue Size Total (Amount)	up to ₹47.03 Cr	up to ₹7.99 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while Vivaa Tradecom IPO opens on Sep 27, 2023. The closing date of Canarys Automations IPO and Vivaa Tradecom IPO is Oct 03, 2023, and Oct 04, 2023, respectively.

	Canarys Automations IPO	Vivaa Tradecom IPO
Anchor Bid Date	Sep 26, 2023
Issue Open	Sep 27, 2023	Sep 27, 2023
Issue Close	Oct 03, 2023	Oct 04, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 09, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 10, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 05, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 04, 2024	Jan 07, 2024

Financials

Canarys Automations IPO P/E ratio is 15.82, as compared to Vivaa Tradecom IPO P/E ratio of 47.66.

Canarys Automations IPO

Vivaa Tradecom 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

Vivaa Tradecom IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,430.20	9,803.46	4,918.80
Revenue	14,734.56	24,728.70	13,402.83
Profit After Tax	-6.48	44.39	25.48
Net Worth	1,118.58	1,162.97	1,211.70
Reserves and Surplus	1,116.26	1,160.65	974.55
Total Borrowing	1,354.91	1,113.05	457.36

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

77.49%

50%

Promoter Shareholding (Post-Issue)

30.11%

P/E Ratio

15.82

47.66

Market Cap

₹174.17 Cr.

₹20.08 Cr.

ROE

ROCE

Debt/Equity

0.38

EPS

₹3.92

₹11.07

RoNW

31.64%%

2.10%%

Shares Offered

In the Canarys Automations IPO retail investors (RII) are offered 50,48,000 shares while in Vivaa Tradecom IPO retail investors are offered 50,48,000 shares. Qualified institutional buyers (QIB) are offered 28,80,000 shares in Canarys Automations IPO and 0 shares in Vivaa Tradecom IPO.

	Canarys Automations IPO	Vivaa Tradecom IPO
Anchor Investor Reserveration	32,32,000 shares
Market Maker Reserveration	7,60,000 shares	82,000 shares
QIB	28,80,000 shares	0 shares
NII	27,36,000 shares	7,42,000 shares
RII	50,48,000 shares	7,42,000 shares
Employee	0 shares	0 shares
Others
Total	1,06,64,000 shares	14,84,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas Vivaa Tradecom IPO subscribed 1.81x.

	Canarys Automations IPO	Vivaa Tradecom IPO
QIB (times)	2.73x
NII (times)	14.29x	0.70x
Big NII (times)
Small NII (times)
RII (times)	11.70x	2.86x
Employee (times)
Other (times)
Total (times)	9.94x	1.81x

Compare with others

Canarys Automations IPO	Vivaa Tradecom IPO
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WomanCart IPO	Paragon Fine And Speciality Chemicals IPO
Vivaa Tradecom IPO	On Door Concepts IPO
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City Crops Agro IPO	WomanCart IPO
Oneclick Logistics India IPO	Karnika Industries IPO
Vinyas Innovative Technologies IPO	City Crops Agro IPO
Plada Infotech Services IPO	Canarys Automations IPO
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Kontor Space IPO	Vinyas Innovative Technologies IPO

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