Comparison between Ishan International IPO and Varanium Cloud IPO.
Ishan International IPO is a SME Fixed Price IPO proposed to list at NSE SME while Varanium Cloud IPO is a SME Fixed Price proposed to list at NSE SME.
| Ishan International IPO | Varanium Cloud IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | First Overseas Capital Ltd. | First Overseas Capital Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | NNM Securities Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ishan International IPO is up to ₹17.28 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹30.67 Cr. The final issue price of Ishan International IPO is ₹80.00 per share and of Varanium Cloud IPO is ₹122.00 per share.
| Ishan International IPO | Varanium Cloud IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹80.00 per share | ₹122.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1000 shares |
| Fresh Issue Size | 21,60,000 shares | 25,14,000 shares |
| Fresh Issue Size (Amount) | up to ₹17.28 Cr | up to ₹30.67 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 21,60,000 shares | 25,14,000 shares |
| Issue Size Total (Amount) | up to ₹17.28 Cr | up to ₹30.67 Cr |
Ishan International IPO opens on Sep 09, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Ishan International IPO and Varanium Cloud IPO is Sep 14, 2022, and Sep 20, 2022, respectively.
| Ishan International IPO | Varanium Cloud IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 09, 2022 | Sep 16, 2022 |
| Issue Close | Sep 14, 2022 | Sep 20, 2022 |
| Basis Of Allotment (Tentative) | Sep 19, 2022 | Sep 23, 2022 |
| Initiation of Refunds (Tentative) | Sep 20, 2022 | Sep 26, 2022 |
| Credit of Share (Tentative) | Sep 21, 2022 | Sep 27, 2022 |
| Listing date (Tentative) | Sep 22, 2022 | Sep 27, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Ishan International IPO P/E ratio is 38.09, as compared to Varanium Cloud IPO P/E ratio of 14.59.
| Ishan International IPO | Varanium Cloud IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 38.09 | 14.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹57.66 Cr. | ₹122.63 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.58 | ₹23.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21 | 55.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ishan International IPO Retail Individual Investors (RII) are offered 10,80,000 shares while in Varanium Cloud IPO retail investors are offered 10,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Ishan International IPO and in Varanium Cloud IPO.
| Ishan International IPO | Varanium Cloud IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,20,000 shares | 4,86,000 shares |
| QIB | ||
| NII | 10,80,000 shares | 12,57,000 shares |
| RII | 10,80,000 shares | 12,57,000 shares |
| Employee | ||
| Others | ||
| Total | 21,60,000 shares | 25,14,000 shares |
Ishan International IPO subscribed 1.62x in total, whereas Varanium Cloud IPO subscribed 5.46x.
| Ishan International IPO | Varanium Cloud IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.60x | 5.83x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.65x | 5.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.62x | 5.46x |
