Canarys Automations IPO vs WomanCart IPO

Comparision between Canarys Automations IPO and WomanCart IPO.

IPO Details

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

	Canarys Automations IPO	WomanCart 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	Indorient Financial Services Ltd	Narnolia Financial Services Ltd
Registrar	Link Intime India Private Ltd	Maashitla Securities Private Limited
Market Maker	Alacrity Securities Ltd.	Nikunj Stock Brokers 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 WomanCart IPO is up to ₹9.56 Cr. The final issue price of Canarys Automations IPO is ₹31.00 per share and of WomanCart IPO is ₹86.00 per share.

	Canarys Automations IPO	WomanCart 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	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	1,51,72,000 shares	11,12,000 shares
Fresh Issue Size (Amount)	up to ₹47.03 Cr	up to ₹9.56 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,51,72,000 shares	11,12,000 shares
Issue Size Total (Amount)	up to ₹47.03 Cr	up to ₹9.56 Cr

IPO Timetable

Canarys Automations IPO opens on Sep 27, 2023, while WomanCart IPO opens on Oct 16, 2023. The closing date of Canarys Automations IPO and WomanCart IPO is Oct 03, 2023, and Oct 18, 2023, respectively.

	Canarys Automations IPO	WomanCart IPO
Anchor Bid Date	Sep 26, 2023
Issue Open	Sep 27, 2023	Oct 16, 2023
Issue Close	Oct 03, 2023	Oct 18, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 23, 2023
Initiation of Refunds (Tentative)	Oct 09, 2023	Oct 25, 2023
Credit of Share (Tentative)	Oct 10, 2023	Oct 26, 2023
Listing date (Tentative)	Oct 11, 2023	Oct 27, 2023
Anchor Lockin End date 1	Nov 05, 2023	Nov 22, 2023
Anchor Lockin End date 2	Jan 04, 2024	Jan 21, 2024

Financials

Canarys Automations IPO P/E ratio is 15.82, as compared to WomanCart IPO P/E ratio of 50.67.

Canarys Automations IPO

WomanCart 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

WomenCart Limited Financial Information (Restated Standalone)

WomenCart Limited's revenue decreased by -12.57% and profit after tax (PAT) rose by 15.62% between the financial year ending with August 31, 2023 and March 31, 2023.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	879.25	515.09	385.41	134.96
Revenue	764.99	874.95	425.67	135.15
Profit After Tax	54.35	47.01	20.74	-17.94
Net Worth	561.08	311.13	264.12	16.38
Reserves and Surplus	251.48	200.33	153.32	-18.62
Total Borrowing	169.99	122.15	79.11	92.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

77.49%

78.01%

Promoter Shareholding (Post-Issue)

57.40%

P/E Ratio

15.82

50.67

Market Cap

₹174.17 Cr.

₹36.19 Cr.

ROE

15.11%%

ROCE

17.97%%

Debt/Equity

0.1

EPS

₹3.92

₹1.70

RoNW

31.64%%

15.11%%

Shares Offered

In the Canarys Automations IPO retail investors (RII) are offered 50,48,000 shares while in WomanCart 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 WomanCart IPO.

	Canarys Automations IPO	WomanCart IPO
Anchor Investor Reserveration	32,32,000 shares
Market Maker Reserveration	7,60,000 shares	56,000 shares
QIB	28,80,000 shares	0 shares
NII	27,36,000 shares	5,28,000 shares
RII	50,48,000 shares	5,28,000 shares
Employee	0 shares	0 shares
Others
Total	1,06,64,000 shares	10,56,000 shares

Bids Received (Subscription)

Canarys Automations IPO subscribed 9.94x in total, whereas WomanCart IPO subscribed 67.48x.

	Canarys Automations IPO	WomanCart IPO
QIB (times)	2.73x
NII (times)	14.29x	56.30x
Big NII (times)
Small NII (times)
RII (times)	11.70x	71.94x
Employee (times)
Other (times)
Total (times)	9.94x	67.48x

Compare with others

Canarys Automations IPO	WomanCart IPO
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WomanCart IPO	Shanthala FMCG Products IPO
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City Crops Agro IPO	Arvind and Company Shipping Agencies IPO
Oneclick Logistics India IPO	Vivaa Tradecom IPO
Vinyas Innovative Technologies IPO	Karnika Industries IPO
Plada Infotech Services IPO	City Crops Agro IPO
Sharp Chucks And Machines IPO	Canarys Automations IPO
Kontor Space IPO	Oneclick Logistics India IPO

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