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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
Final ProspectusFinal Prospectus Final Prospectus
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 (Final)₹135.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

Company Financials (Restated Standalone)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets87.8580.43106.1879.82
Total Income41.71107.06158.41113.93
Profit After Tax1.404.555.974.66
EBITDA6.0712.6317.7017.14
NET Worth40.7139.1634.5528.44
Reserves and Surplus35.4533.9029.2923.18
Total Borrowing23.2025.4932.9435.02
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Oct 202131 Mar 202131 Mar 202031 Mar 2019
Assets55.0343.1929.0326.96
Total Income32.4040.7741.1434.13
Profit After Tax1.041.400.660.64
NET Worth10.289.247.847.18
Reserves and Surplus4.833.792.391.73
Total Borrowing32.2526.4817.4911.28
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.44%94.28%
Promoter Shareholding (Post-Issue)66.03%65.45%
P/E Ratio13815.79
Market Cap₹256.75 Cr.₹28.26 Cr.
ROE16.38
ROCE9.7
Debt/Equity0.573.65
EPS₹8.66₹2.57
RoNW11.6315.14

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 0 shares in Rachana Infrastructure IPO and in Sonu Infratech IPO.

 Rachana Infrastructure IPOSonu Infratech IPO
Anchor Investor Reservation0 shares
Market Maker Reservation2,84,000 shares1,20,000 shares
QIB0 shares
NII26,83,000 shares11,40,000 shares
RII26,83,000 shares11,40,000 shares
Employee0 shares
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
NII (times)1.82x13.43x
RII (times)0.60x19.60x
Total (times)1.21x16.52x

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Rachana Infrastructure IPO Vs Sonu Infratech IPO