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Rachana Infrastructure IPO vs Scarnose International IPO

Comparison between Rachana Infrastructure IPO and Scarnose International IPO.

IPO Details

Rachana Infrastructure IPO is a SME Fixed Price IPO proposed to list at NSE SME while Scarnose International IPO is a SME Fixed Price proposed to list at BSE SME.

 Rachana Infrastructure IPOScarnose International IPO
LogoRachana Infrastructure IPO LogoScarnose International IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerNNM Securities Pvt.Ltd.Econo Broking 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 Rachana Infrastructure IPO is up to ₹72.44 Cr whereas the issue size of the Scarnose International IPO is up to ₹6.27 Cr. The final issue price of Rachana Infrastructure IPO is ₹135.00 per share and of Scarnose International IPO is ₹55.00 per share.

 Rachana Infrastructure IPOScarnose International IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹135.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size25,41,000 shares11,40,000 shares
Fresh Issue Size (Amount)up to ₹34.30 Crup to ₹6.27 Cr
OFS Issue Size28,25,000 shares0 shares
OFS Issue Size (Amount)up to ₹38.14 Crup to ₹0.00 Cr
Issue Size Total53,66,000 shares11,40,000 shares
Issue Size Total (Amount)up to ₹72.44 Crup to ₹6.27 Cr

IPO Timetable

Rachana Infrastructure IPO opens on May 20, 2022, while Scarnose International IPO opens on Jun 14, 2022. The closing date of Rachana Infrastructure IPO and Scarnose International IPO is Jun 02, 2022, and Jun 17, 2022, respectively.

 Rachana Infrastructure IPOScarnose International IPO
Anchor Bid Date
Issue OpenMay 20, 2022Jun 14, 2022
Issue CloseJun 02, 2022Jun 17, 2022
Basis Of Allotment (Tentative)Jun 22, 2022
Initiation of Refunds (Tentative)Jun 23, 2022
Credit of Share (Tentative)Jun 24, 2022
Listing date (Tentative)Jun 10, 2022Jun 27, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Rachana Infrastructure IPO P/E ratio is 138, as compared to Scarnose International IPO P/E ratio of 51.89.

 Rachana Infrastructure IPOScarnose International IPO
Financials
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
Scarnose International Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201204.911204.562.814.053.04
31-Mar-21457.83255.7222.51190.55148.55
31-Mar-221242.259593.0233.42339143.98
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)83.4499.99
Promoter Shareholding (Post-Issue)61.90
P/E Ratio13851.89
Market Cap₹256.75 Cr.₹17.33 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rachana Infrastructure IPO Retail Individual Investors (RII) are offered 26,83,000 shares while in Scarnose International IPO retail investors are offered 26,83,000 shares. Qualified Institutional Buyers (QIB) are offered in Rachana Infrastructure IPO and in Scarnose International IPO.

 Rachana Infrastructure IPOScarnose International IPO
Anchor Investor Reserveration
Market Maker Reserveration2,84,000 shares60,000 shares
QIB
NII26,83,000 shares5,70,000 shares
RII26,83,000 shares5,70,000 shares
Employee
Others
Total53,66,000 shares11,40,000 shares

Bids Received (Subscription)

Rachana Infrastructure IPO subscribed 1.21x in total, whereas Scarnose International IPO subscribed 2.22x.

 Rachana Infrastructure IPOScarnose International IPO
QIB (times)
NII (times)1.82x2.09x
Big NII (times)
Small NII (times)
RII (times)0.60x2.34x
Employee (times)
Other (times)
Total (times)1.21x2.22x