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Rachana Infrastructure IPO vs Sonu Infratech IPO

Comparison between Rachana Infrastructure IPO and Sonu Infratech IPO.

IPO Details

Rachana Infrastructure IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sonu Infratech IPO is a SME Fixed Price proposed to list at NSE SME.

 Rachana Infrastructure IPOSonu Infratech IPO
LogoRachana Infrastructure IPO LogoSonu Infratech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersInteractive Financial Services Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Sunflower 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 Sonu Infratech IPO is up to ₹8.21 Cr. The final issue price of Rachana Infrastructure IPO is ₹135.00 per share and of Sonu Infratech IPO is ₹36.00 per share.

 Rachana Infrastructure IPOSonu Infratech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹135.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares3000 shares
Fresh Issue Size25,41,000 shares22,80,000 shares
Fresh Issue Size (Amount)up to ₹34.30 Crup to ₹8.21 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 shares22,80,000 shares
Issue Size Total (Amount)up to ₹72.44 Crup to ₹8.21 Cr

IPO Timetable

Rachana Infrastructure IPO opens on May 20, 2022, while Sonu Infratech IPO opens on Apr 29, 2022. The closing date of Rachana Infrastructure IPO and Sonu Infratech IPO is Jun 02, 2022, and May 05, 2022, respectively.

 Rachana Infrastructure IPOSonu Infratech IPO
Anchor Bid Date
Issue OpenMay 20, 2022Apr 29, 2022
Issue CloseJun 02, 2022May 05, 2022
Basis Of Allotment (Tentative)May 10, 2022
Initiation of Refunds (Tentative)May 11, 2022
Credit of Share (Tentative)May 12, 2022
Listing date (Tentative)Jun 10, 2022May 13, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Rachana Infrastructure IPO P/E ratio is 138, as compared to Sonu Infratech IPO P/E ratio of 15.79.

 Rachana Infrastructure IPOSonu Infratech 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
Summary of financial Information (RESTATED)
Particulars For the year/period ended (Rs in Lakhs)
31-Oct-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 5,503.07 4,319.18 2,902.96 2,696.21
Total Revenue 3,239.50 4,076.69 4,114.07 3,412.77
Profit After Tax 104.27 139.80 66.01 64.47
Promoter Shareholding (Pre-Issue)83.4494.28
Promoter Shareholding (Post-Issue)65.45
P/E Ratio13815.79
Market Cap₹256.75 Cr.₹28.26 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 Sonu Infratech IPO retail investors are offered 26,83,000 shares. Qualified Institutional Buyers (QIB) are offered in Rachana Infrastructure IPO and in Sonu Infratech IPO.

 Rachana Infrastructure IPOSonu Infratech IPO
Anchor Investor Reserveration
Market Maker Reserveration2,84,000 shares1,20,000 shares
QIB
NII26,83,000 shares11,40,000 shares
RII26,83,000 shares11,40,000 shares
Employee
Others
Total53,66,000 shares22,80,000 shares

Bids Received (Subscription)

Rachana Infrastructure IPO subscribed 1.21x in total, whereas Sonu Infratech IPO subscribed 16.52x.

 Rachana Infrastructure IPOSonu Infratech IPO
QIB (times)
NII (times)1.82x13.43x
Big NII (times)
Small NII (times)
RII (times)0.60x19.60x
Employee (times)
Other (times)
Total (times)1.21x16.52x