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Clinitech Laboratory IPO vs RNFI Services IPO

Comparison between Clinitech Laboratory IPO and RNFI Services IPO.

IPO Details

Clinitech Laboratory IPO is a SME Bookbuilding IPO proposed to list at BSE SME while RNFI Services IPO is a SME Bookbuilding proposed to list at NSE SME.

 Clinitech Laboratory IPORNFI Services IPO
LogoClinitech Laboratory IPO LogoRNFI Services IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Choice Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSvcm Securities Pvt.Ltd.Choice Equity Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Clinitech Laboratory IPO is up to ₹5.48 Cr whereas the issue size of the RNFI Services IPO is up to ₹66.78 Cr. The final issue price of Clinitech Laboratory IPO is ₹96.00 per share and of RNFI Services IPO is ₹105.00 per share.

 Clinitech Laboratory IPORNFI Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹98.00 per share
Issue Price (Upper)₹105.00 per share
Issue Price (Final)₹96.00 per share₹105.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1200 shares
Fresh Issue Size5,71,200 shares63,60,000 shares
Fresh Issue Size (Amount)up to ₹5.48 Crup to ₹66.78 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total5,71,200 shares63,60,000 shares
Issue Size Total (Amount)up to ₹5.48 Crup to ₹66.78 Cr

IPO Timetable

Clinitech Laboratory IPO opens on Jul 25, 2024, while RNFI Services IPO opens on Jul 22, 2024. The closing date of Clinitech Laboratory IPO and RNFI Services IPO is Jul 29, 2024, and Jul 24, 2024, respectively.

 Clinitech Laboratory IPORNFI Services IPO
Anchor Bid DateJul 19, 2024
Issue OpenJul 25, 2024Jul 22, 2024
Issue CloseJul 29, 2024Jul 24, 2024
Basis Of Allotment (Tentative)Jul 30, 2024Jul 25, 2024
Initiation of Refunds (Tentative)Jul 31, 2024Jul 26, 2024
Credit of Share (Tentative)Jul 31, 2024Jul 26, 2024
Listing date (Tentative)Aug 01, 2024Jul 29, 2024
Anchor Lockin End date 1Aug 24, 2024
Anchor Lockin End date 2Oct 23, 2024

Financials & KPIs

Clinitech Laboratory IPO P/E ratio is 43.45, as compared to RNFI Services IPO P/E ratio of 19.19.

 Clinitech Laboratory IPORNFI Services IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets5.616.033.692.73
Total Income6.446.366.464.60
Profit After Tax0.370.610.510.40
NET Worth3.552.381.851.39
Reserves and Surplus1.870.880.350.72
Total Borrowing0.861.030.890.54
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets190.51125.27116.61
Total Income943.051,069.40190.80
Profit After Tax9.964.895.55
NET Worth31.6020.4213.30
Reserves and Surplus13.5120.4313.32
Total Borrowing36.3921.1912.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.65%89.53%
Promoter Shareholding (Post-Issue)61.57%65.34%
P/E Ratio43.4519.19
Market Cap₹21.91 Cr.₹262.00 Cr.
ROCE29.74
Debt/Equity0.241.02
EPS₹2.21₹5.47
RoNW10.4640.92

Shares Offered

In the Clinitech Laboratory IPO Retail Individual Investors (RII) are offered 2,85,600 shares while in RNFI Services IPO retail investors are offered 2,85,600 shares. Qualified Institutional Buyers (QIB) are offered in Clinitech Laboratory IPO and 12,72,000 shares in RNFI Services IPO.

 Clinitech Laboratory IPORNFI Services IPO
Anchor Investor Reservation19,08,000 shares
Market Maker Reservation31,200 shares3,84,000 shares
QIB12,72,000 shares
NII2,85,600 shares9,54,000 shares
RII2,85,600 shares22,26,000 shares
Total5,71,200 shares63,60,000 shares

Bids Received (Subscription)

Clinitech Laboratory IPO subscribed 38.43x in total, whereas RNFI Services IPO subscribed 155.05x.

 Clinitech Laboratory IPORNFI Services IPO
QIB (times)140.66x
NII (times)24.55x513.31x
RII (times)52.32x142.62x
Total (times)38.43x155.05x

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Compare:

Clinitech Laboratory IPO Vs RNFI Services IPO