RNFI Services IPO vs SAR Televenture FPO

Comparison between RNFI Services IPO and SAR Televenture FPO.

IPO Details

RNFI Services IPO is a SME Bookbuilding IPO proposed to list at NSE SME while SAR Televenture FPO is a SME Bookbuilding proposed to list at NSE SME.

	RNFI Services IPO	SAR Televenture FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Choice Capital Advisors Pvt.Ltd.	Pantomath Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Choice Equity Broking Pvt.Ltd.	Asit C.Mehta Investment Interrmediates Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of RNFI Services IPO is up to ₹66.78 Cr whereas the issue size of the SAR Televenture FPO is up to ₹142.50 Cr. The final issue price of RNFI Services IPO is ₹105.00 per share and of SAR Televenture FPO is ₹210.00 per share.

	RNFI Services IPO	SAR Televenture FPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹98.00 per share	₹200.00 per share
Issue Price (Upper)	₹105.00 per share	₹210.00 per share
Issue Price (Final)	₹105.00 per share	₹210.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	500 shares
Fresh Issue Size	63,60,000 shares	67,85,500 shares
Fresh Issue Size (Amount)	up to ₹66.78 Cr	up to ₹142.50 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	63,60,000 shares	67,85,500 shares
Issue Size Total (Amount)	up to ₹66.78 Cr	up to ₹142.50 Cr

IPO Timetable

RNFI Services IPO opens on Jul 22, 2024, while SAR Televenture FPO opens on Jul 22, 2024. The closing date of RNFI Services IPO and SAR Televenture FPO is Jul 24, 2024, and Jul 24, 2024, respectively.

	RNFI Services IPO	SAR Televenture FPO
Anchor Bid Date	Jul 19, 2024	Jul 19, 2024
Issue Open	Jul 22, 2024	Jul 22, 2024
Issue Close	Jul 24, 2024	Jul 24, 2024
Basis Of Allotment (Tentative)	Jul 25, 2024	Jul 25, 2024
Initiation of Refunds (Tentative)	Jul 26, 2024	Jul 26, 2024
Credit of Share (Tentative)	Jul 26, 2024	Jul 26, 2024
Listing date (Tentative)	Jul 29, 2024	Jul 29, 2024
Anchor Lockin End date 1	Aug 24, 2024	Aug 24, 2024
Anchor Lockin End date 2	Oct 23, 2024	Oct 23, 2024

Financials & KPIs

RNFI Services IPO P/E ratio is 19.19, as compared to SAR Televenture FPO P/E ratio of 14.79.

RNFI Services IPO

SAR Televenture FPO

Financials

RNFI Services Limited Financial Information (Restated Consolidated)

RNFI Services Limited's revenue decreased by -11.81% and profit after tax (PAT) rose by 103.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	19,051.38	12,526.71	11,661.34
Total Income	94,305.10	106,939.62	19,079.93
Profit After Tax	996.07	488.71	555.03
Net Worth	3,159.90	2,041.64	1,330.24
Reserves and Surplus	1,350.86	2,043.47	1,332.07
Total Borrowing	3,638.87	2,118.75	1,264.05
Amount in ₹ Lakhs

SAR Televenture Limited Financial Information (Restated Consolidated)

SAR Televenture Limited 's revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	26,641.86	2,422.42	410.83
Total Income	12,416.97	3,251.63	475.35
Profit After Tax	1,566.17	393.59	3.71
Net Worth	7,180.41	1,185.59	-7.74
Reserves and Surplus	6,880.41	1,120.30	-11.91
Total Borrowing	17,787.41	444.41	337.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.53

66.27

Promoter Shareholding (Post-Issue)

P/E Ratio

19.19

14.79

Market Cap

₹262.00 Cr.

ROE

21.81%

ROCE

29.74%

6.63%

Debt/Equity

1.02

2.48

EPS

₹5.47

RoNW

40.92%

21.81%

Shares Offered

In the RNFI Services IPO Retail Individual Investors (RII) are offered 22,26,000 shares while in SAR Televenture FPO retail investors are offered 22,26,000 shares. Qualified Institutional Buyers (QIB) are offered 12,72,000 shares in RNFI Services IPO and 13,57,000 shares in SAR Televenture FPO.

	RNFI Services IPO	SAR Televenture FPO
Anchor Investor Reserveration	19,08,000 shares	20,35,500 shares
Market Maker Reserveration	3,84,000 shares	3,57,000 shares
QIB	12,72,000 shares	13,57,000 shares
NII	9,54,000 shares	10,18,000 shares
RII	22,26,000 shares	23,75,000 shares
Employee
Others
Total	63,60,000 shares	67,85,500 shares

Bids Received (Subscription)

RNFI Services IPO subscribed 221.49x in total, whereas SAR Televenture FPO subscribed 7.49x.

	RNFI Services IPO	SAR Televenture FPO
QIB (times)	140.66x	8.31x
NII (times)	513.31x	8.34x
Big NII (times)
Small NII (times)
RII (times)	142.62x	6.52x
Employee (times)
Other (times)
Total (times)	221.49x	7.49x

Compare with others

RNFI Services IPO	SAR Televenture FPO
Manglam Infra IPO	VVIP Infratech IPO
Chetana Education IPO	V.L.Infraprojects IPO
Clinitech Laboratory IPO	RNFI Services IPO
VVIP Infratech IPO	Macobs Technologies IPO
V.L.Infraprojects IPO	Kataria Industries IPO
Macobs Technologies IPO	Tunwal E-Motors IPO
Kataria Industries IPO	Three M Paper Boards IPO
SAR Televenture FPO	Prizor Viztech IPO
Tunwal E-Motors IPO	Sati Poly Plast IPO
Three M Paper Boards IPO	Sahaj Solar IPO