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Kandarp Digi Smart BPO IPO vs Varanium Cloud IPO

Comparison between Kandarp Digi Smart BPO IPO and Varanium Cloud IPO.

IPO Details

Kandarp Digi Smart BPO 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.

 Kandarp Digi Smart BPO IPOVaranium Cloud IPO
LogoKandarp Digi Smart BPO IPO LogoVaranium Cloud IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Kandarp Digi Smart BPO IPO is up to ₹7.68 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹30.67 Cr. The final issue price of Kandarp Digi Smart BPO IPO is ₹30.00 per share and of Varanium Cloud IPO is ₹122.00 per share.

 Kandarp Digi Smart BPO IPOVaranium Cloud IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹30.00 per share₹122.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1000 shares
Fresh Issue Size25,60,000 shares25,14,000 shares
Fresh Issue Size (Amount)up to ₹7.68 Crup to ₹30.67 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,60,000 shares25,14,000 shares
Issue Size Total (Amount)up to ₹7.68 Crup to ₹30.67 Cr

IPO Timetable

Kandarp Digi Smart BPO IPO opens on Sep 16, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Kandarp Digi Smart BPO IPO and Varanium Cloud IPO is Sep 20, 2022, and Sep 20, 2022, respectively.

 Kandarp Digi Smart BPO IPOVaranium Cloud IPO
Anchor Bid Date
Issue OpenSep 16, 2022Sep 16, 2022
Issue CloseSep 20, 2022Sep 20, 2022
Basis Of Allotment (Tentative)Sep 23, 2022Sep 23, 2022
Initiation of Refunds (Tentative)Sep 26, 2022Sep 26, 2022
Credit of Share (Tentative)Sep 27, 2022Sep 27, 2022
Listing date (Tentative)Sep 28, 2022Sep 27, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Kandarp Digi Smart BPO IPO P/E ratio is 28.57, as compared to Varanium Cloud IPO P/E ratio of 14.59.

 Kandarp Digi Smart BPO IPOVaranium Cloud IPO
Financials
Kandarp Digi Smart BPO Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-19928.151106.67148.09578.48508.78
31-Mar-201191.151012.59111.54690.02620.32
31-Mar-211719.641053.5510.56700.58630.88
31-Mar-221860.421287.8494.04785.8158.5
Amount in ₹ Lakhs
Varanium Cloud Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20765.3912.44-148.9185.740
31-Mar-21833.09419.51289.25327.30
31-Mar-224066.683535.21840.191512.49877.35
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100
Promoter Shareholding (Post-Issue)69.91
P/E Ratio28.5714.59
Market Cap₹26.92 Cr.₹122.63 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Kandarp Digi Smart BPO IPO Retail Individual Investors (RII) are offered 12,80,000 shares while in Varanium Cloud IPO retail investors are offered 12,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Kandarp Digi Smart BPO IPO and in Varanium Cloud IPO.

 Kandarp Digi Smart BPO IPOVaranium Cloud IPO
Anchor Investor Reserveration
Market Maker Reserveration1,40,000 shares4,86,000 shares
QIB
NII12,80,000 shares12,57,000 shares
RII12,80,000 shares12,57,000 shares
Employee
Others
Total25,60,000 shares25,14,000 shares

Bids Received (Subscription)

Kandarp Digi Smart BPO IPO subscribed 1.84x in total, whereas Varanium Cloud IPO subscribed 5.46x.

 Kandarp Digi Smart BPO IPOVaranium Cloud IPO
QIB (times)
NII (times)0.88x5.83x
Big NII (times)
Small NII (times)
RII (times)2.80x5.09x
Employee (times)
Other (times)
Total (times)1.84x5.46x