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Nanavati Ventures IPO vs Rachana Infrastructure IPO

Comparison between Nanavati Ventures IPO and Rachana Infrastructure IPO.

IPO Details

Nanavati Ventures 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.

 Nanavati Ventures IPORachana Infrastructure IPO
LogoNanavati Ventures IPO LogoRachana Infrastructure IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Interactive Financial Services Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Nanavati Ventures IPO is up to ₹2.07 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹72.44 Cr. The final issue price of Nanavati Ventures IPO is ₹50.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

 Nanavati Ventures IPORachana Infrastructure IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹50.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1000 shares
Fresh Issue Size4,14,000 shares25,41,000 shares
Fresh Issue Size (Amount)up to ₹2.07 Crup to ₹34.30 Cr
OFS Issue Size0 shares28,25,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹38.14 Cr
Issue Size Total4,14,000 shares53,66,000 shares
Issue Size Total (Amount)up to ₹2.07 Crup to ₹72.44 Cr

IPO Timetable

Nanavati Ventures IPO opens on Apr 25, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Nanavati Ventures IPO and Rachana Infrastructure IPO is Apr 27, 2022, and Jun 02, 2022, respectively.

 Nanavati Ventures IPORachana Infrastructure IPO
Anchor Bid Date
Issue OpenApr 25, 2022May 20, 2022
Issue CloseApr 27, 2022Jun 02, 2022
Basis Of Allotment (Tentative)May 02, 2022
Initiation of Refunds (Tentative)May 04, 2022
Credit of Share (Tentative)May 05, 2022
Listing date (Tentative)May 06, 2022Jun 10, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Nanavati Ventures IPO P/E ratio is 61.73, as compared to Rachana Infrastructure IPO P/E ratio of 138.

 Nanavati Ventures IPORachana Infrastructure IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1417.95 663.55 286.88 186.62
Total Revenue 1049.52 1131.70 595.10 55.51
Profit After Tax 9.98 11.97 5.39 0.03
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Lakhs)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 8,784.50 8,043.07 10,618.21 7,981.82
Total Revenue 4,171.07 10,705.67 15,840.55 11,393.32
Profit After Tax 139.85 455.31 597.13 466.45
Promoter Shareholding (Pre-Issue)7183.44
Promoter Shareholding (Post-Issue)52.19
P/E Ratio61.73138
Market Cap₹8.23 Cr.₹256.75 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Nanavati Ventures IPO Retail Individual Investors (RII) are offered 2,06,000 shares while in Rachana Infrastructure IPO retail investors are offered 2,06,000 shares. Qualified Institutional Buyers (QIB) are offered in Nanavati Ventures IPO and in Rachana Infrastructure IPO.

 Nanavati Ventures IPORachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration24,000 shares2,84,000 shares
QIB
NII2,06,000 shares26,83,000 shares
RII2,06,000 shares26,83,000 shares
Employee
Others
Total4,12,000 shares53,66,000 shares

Bids Received (Subscription)

Nanavati Ventures IPO subscribed 32.52x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

 Nanavati Ventures IPORachana Infrastructure IPO
QIB (times)
NII (times)13.86x1.82x
Big NII (times)
Small NII (times)
RII (times)51.17x0.60x
Employee (times)
Other (times)
Total (times)32.52x1.21x