Comparison between Fone4 Communications IPO and Rachana Infrastructure IPO.
IPO Details
Fone4 Communications IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rachana Infrastructure IPO is a SME Fixed Price proposed to list at NSE SME.
Issue Size and Price
The total issue size of Fone4 Communications IPO is up to ₹6.46 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹72.44 Cr. The final issue price of Fone4 Communications IPO is ₹10.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.
| | Fone4 Communications IPO | Rachana Infrastructure IPO |
|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Final) | ₹10.00 per share | ₹135.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 10000 shares | 1000 shares |
| Fresh Issue Size | 64,60,000 shares | 25,41,000 shares |
| Fresh Issue Size (Amount) | up to ₹6.46 Cr | up to ₹34.30 Cr |
| OFS Issue Size | 0 shares | 28,25,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹38.14 Cr |
| Issue Size Total | 64,60,000 shares | 53,66,000 shares |
| Issue Size Total (Amount) | up to ₹6.46 Cr | up to ₹72.44 Cr |
IPO Timetable
Fone4 Communications IPO opens on Apr 25, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Fone4 Communications IPO and Rachana Infrastructure IPO is Apr 27, 2022, and Jun 02, 2022, respectively.
Financials & KPIs
Fone4 Communications IPO P/E ratio is 142.86, as compared to Rachana Infrastructure IPO P/E ratio of 138.
Shares Offered
In the Fone4 Communications IPO Retail Individual Investors (RII) are offered 32,30,000 shares while in Rachana Infrastructure IPO retail investors are offered 32,30,000 shares. Qualified Institutional Buyers (QIB) are offered in Fone4 Communications IPO and 0 shares in Rachana Infrastructure IPO.
| | Fone4 Communications IPO | Rachana Infrastructure IPO |
|---|
| Anchor Investor Reservation | | 0 shares |
| Market Maker Reservation | 3,40,000 shares | 2,84,000 shares |
| QIB | | 0 shares |
| NII | 32,30,000 shares | 26,83,000 shares |
| RII | 32,30,000 shares | 26,83,000 shares |
| Employee | | 0 shares |
| Total | 64,60,000 shares | 53,66,000 shares |
Bids Received (Subscription)
Fone4 Communications IPO subscribed 14.75x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.
