Karnika Industries IPO vs WomanCart IPO

Comparision between Karnika Industries IPO and WomanCart IPO.

IPO Details

Karnika Industries 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.

	Karnika Industries IPO	WomanCart IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Narnolia Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Maashitla Securities Private Limited
Market Maker	Spread X Securities Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 WomanCart IPO is up to ₹9.56 Cr. The final issue price of Karnika Industries IPO is ₹76.00 per share and of WomanCart IPO is ₹86.00 per share.

	Karnika Industries IPO	WomanCart IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹76.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	32,99,200 shares	11,12,000 shares
Fresh Issue Size (Amount)	up to ₹25.07 Cr	up to ₹9.56 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,99,200 shares	11,12,000 shares
Issue Size Total (Amount)	up to ₹25.07 Cr	up to ₹9.56 Cr

IPO Timetable

Karnika Industries IPO opens on Sep 29, 2023, while WomanCart IPO opens on Oct 16, 2023. The closing date of Karnika Industries IPO and WomanCart IPO is Oct 05, 2023, and Oct 18, 2023, respectively.

	Karnika Industries IPO	WomanCart IPO
Anchor Bid Date
Issue Open	Sep 29, 2023	Oct 16, 2023
Issue Close	Oct 05, 2023	Oct 18, 2023
Basis Of Allotment (Tentative)	Oct 10, 2023	Oct 23, 2023
Initiation of Refunds (Tentative)	Oct 11, 2023	Oct 25, 2023
Credit of Share (Tentative)	Oct 12, 2023	Oct 26, 2023
Listing date (Tentative)	Oct 12, 2023	Oct 27, 2023
Anchor Lockin End date 1	Nov 09, 2023	Nov 22, 2023
Anchor Lockin End date 2	Jan 08, 2024	Jan 21, 2024

Financials

Karnika Industries IPO P/E ratio is 7.57, as compared to WomanCart IPO P/E ratio of 50.67.

Karnika Industries IPO

WomanCart 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

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)

100.00%

78.01%

Promoter Shareholding (Post-Issue)

73.39%

57.40%

P/E Ratio

7.57

50.67

Market Cap

₹94.24 Cr.

₹36.19 Cr.

ROE

15.11%%

ROCE

17.97%%

Debt/Equity

2.9

0.1

EPS

₹9.66

₹1.70

RoNW

45.76%%

15.11%%

Shares Offered

In the Karnika Industries IPO retail investors (RII) are offered 15,66,400 shares while in WomanCart IPO retail investors are offered 15,66,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Karnika Industries IPO and 0 shares in WomanCart IPO.

	Karnika Industries IPO	WomanCart IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,66,400 shares	56,000 shares
QIB	0 shares	0 shares
NII	15,66,400 shares	5,28,000 shares
RII	15,66,400 shares	5,28,000 shares
Employee	0 shares	0 shares
Others
Total	31,32,800 shares	10,56,000 shares

Bids Received (Subscription)

Karnika Industries IPO subscribed 3.07x in total, whereas WomanCart IPO subscribed 67.48x.

	Karnika Industries IPO	WomanCart IPO
QIB (times)
NII (times)	3.22x	56.30x
Big NII (times)
Small NII (times)
RII (times)	2.91x	71.94x
Employee (times)
Other (times)
Total (times)	3.07x	67.48x

Compare with others

Karnika Industries IPO	WomanCart IPO
Paragon Fine And Speciality Chemicals IPO	Maitreya Medicare Limited IPO
On Door Concepts IPO	Shanthala FMCG Products IPO
Arvind and Company Shipping Agencies IPO	Paragon Fine And Speciality Chemicals IPO
WomanCart IPO	On Door Concepts IPO
Vivaa Tradecom IPO	Arvind and Company Shipping Agencies IPO
City Crops Agro IPO	Vivaa Tradecom IPO
Canarys Automations IPO	Karnika Industries IPO
Oneclick Logistics India IPO	City Crops Agro IPO
Vinyas Innovative Technologies IPO	Canarys Automations IPO
Plada Infotech Services IPO	Oneclick Logistics India IPO

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