Comparison between RNFI Services IPO and V.L.Infraprojects IPO.
RNFI Services IPO is a SME Bookbuilding IPO proposed to list at NSE SME while V.L.Infraprojects IPO is a SME Bookbuilding proposed to list at NSE SME.
| RNFI Services IPO | V.L.Infraprojects IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Choice Capital Advisors Pvt.Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Choice Equity Broking Pvt.Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of RNFI Services IPO is up to ₹66.78 Cr whereas the issue size of the V.L.Infraprojects IPO is up to ₹17.51 Cr. The final issue price of RNFI Services IPO is ₹105.00 per share and of V.L.Infraprojects IPO is ₹42.00 per share.
| RNFI Services IPO | V.L.Infraprojects IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹98.00 per share | ₹39.00 per share |
| Issue Price (Upper) | ₹105.00 per share | ₹42.00 per share |
| Issue Price (Final) | ₹105.00 per share | ₹42.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 3000 shares |
| Fresh Issue Size | 63,60,000 shares | 41,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹66.78 Cr | up to ₹17.51 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 | 41,70,000 shares |
| Issue Size Total (Amount) | up to ₹66.78 Cr | up to ₹17.51 Cr |
RNFI Services IPO opens on Jul 22, 2024, while V.L.Infraprojects IPO opens on Jul 23, 2024. The closing date of RNFI Services IPO and V.L.Infraprojects IPO is Jul 24, 2024, and Jul 25, 2024, respectively.
| RNFI Services IPO | V.L.Infraprojects IPO | |
|---|---|---|
| Anchor Bid Date | Jul 19, 2024 | Jul 22, 2024 |
| Issue Open | Jul 22, 2024 | Jul 23, 2024 |
| Issue Close | Jul 24, 2024 | Jul 25, 2024 |
| Basis Of Allotment (Tentative) | Jul 25, 2024 | Jul 26, 2024 |
| Initiation of Refunds (Tentative) | Jul 26, 2024 | Jul 29, 2024 |
| Credit of Share (Tentative) | Jul 26, 2024 | Jul 29, 2024 |
| Listing date (Tentative) | Jul 29, 2024 | Jul 30, 2024 |
| Anchor Lockin End date 1 | Aug 24, 2024 | Aug 25, 2024 |
| Anchor Lockin End date 2 | Oct 23, 2024 | Oct 24, 2024 |
RNFI Services IPO P/E ratio is 19.19, as compared to V.L.Infraprojects IPO P/E ratio of 7.73.
| RNFI Services IPO | V.L.Infraprojects IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| V.L.Infraprojects Limited Financial Information (Restated)V.L.Infraprojects Limited's revenue increased by 149.72% and profit after tax (PAT) rose by 175.76% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 89.53 | 90.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.19 | 7.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹262.00 Cr. | ₹65.99 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.20% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.74% | 39.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.47 | ₹5.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.92% | 37.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the RNFI Services IPO Retail Individual Investors (RII) are offered 22,26,000 shares while in V.L.Infraprojects IPO retail investors are offered 22,26,000 shares. Qualified Institutional Buyers (QIB) are offered 12,72,000 shares in RNFI Services IPO and 8,34,000 shares in V.L.Infraprojects IPO.
| RNFI Services IPO | V.L.Infraprojects IPO | |
|---|---|---|
| Anchor Investor Reserveration | 19,08,000 shares | 12,48,000 shares |
| Market Maker Reserveration | 3,84,000 shares | 2,40,000 shares |
| QIB | 12,72,000 shares | 8,34,000 shares |
| NII | 9,54,000 shares | 6,27,000 shares |
| RII | 22,26,000 shares | 14,61,000 shares |
| Employee | ||
| Others | ||
| Total | 63,60,000 shares | 41,70,000 shares |
RNFI Services IPO subscribed 221.49x in total, whereas V.L.Infraprojects IPO subscribed 636.17x.
| RNFI Services IPO | V.L.Infraprojects IPO | |
|---|---|---|
| QIB (times) | 140.66x | 203.73x |
| NII (times) | 513.31x | 726.56x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 142.62x | 844.22x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 221.49x | 636.17x |
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