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Maks Energy Solutions IPO vs Varanium Cloud IPO

Comparison between Maks Energy Solutions IPO and Varanium Cloud IPO.

IPO Details

Maks Energy Solutions 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.

 Maks Energy Solutions IPOVaranium Cloud IPO
LogoMaks Energy Solutions IPO LogoVaranium Cloud IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSun Capital Advisory Services Pvt.Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities 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 Maks Energy Solutions IPO is up to ₹3.79 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹30.67 Cr. The final issue price of Maks Energy Solutions IPO is ₹20.00 per share and of Varanium Cloud IPO is ₹122.00 per share.

 Maks Energy Solutions IPOVaranium Cloud IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹20.00 per share₹122.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares1000 shares
Fresh Issue Size18,96,000 shares25,14,000 shares
Fresh Issue Size (Amount)up to ₹3.79 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 Total18,96,000 shares25,14,000 shares
Issue Size Total (Amount)up to ₹3.79 Crup to ₹30.67 Cr

IPO Timetable

Maks Energy Solutions IPO opens on Sep 16, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Maks Energy Solutions IPO and Varanium Cloud IPO is Sep 20, 2022, and Sep 20, 2022, respectively.

 Maks Energy Solutions 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 26, 2022Sep 27, 2022
Listing date (Tentative)Sep 28, 2022Sep 27, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Maks Energy Solutions IPO P/E ratio is , as compared to Varanium Cloud IPO P/E ratio of 14.59.

 Maks Energy Solutions IPOVaranium Cloud IPO
Financials
Maks Energy Solutions India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-204230.544335.03168.77
31-Mar-214114.732091.75-0.8
31-Mar-223586.582824.6651.34
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)100.00
Promoter Shareholding (Post-Issue)71.19
P/E Ratio14.59
Market Cap₹13.87 Cr.₹122.63 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Maks Energy Solutions IPO Retail Individual Investors (RII) are offered 9,48,000 shares while in Varanium Cloud IPO retail investors are offered 9,48,000 shares. Qualified Institutional Buyers (QIB) are offered in Maks Energy Solutions IPO and in Varanium Cloud IPO.

 Maks Energy Solutions IPOVaranium Cloud IPO
Anchor Investor Reserveration
Market Maker Reserveration1,02,000 shares4,86,000 shares
QIB
NII9,48,000 shares12,57,000 shares
RII9,48,000 shares12,57,000 shares
Employee
Others
Total18,96,000 shares25,14,000 shares

Bids Received (Subscription)

Maks Energy Solutions IPO subscribed 26.31x in total, whereas Varanium Cloud IPO subscribed 5.46x.

 Maks Energy Solutions IPOVaranium Cloud IPO
QIB (times)
NII (times)36.20x5.83x
Big NII (times)
Small NII (times)
RII (times)16.43x5.09x
Employee (times)
Other (times)
Total (times)26.31x5.46x