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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
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 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 (Final)₹135.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

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 Mar 202231 Mar 202131 Mar 2020
Assets12.424.5812.05
Total Income95.9332.5612.05
Profit After Tax0.330.230.03
NET Worth3.391.910.04
Reserves and Surplus1.441.490.03
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.44%99.99%
Promoter Shareholding (Post-Issue)66.03%61.9%
P/E Ratio13851.89
Market Cap₹256.75 Cr.₹17.33 Cr.
Debt/Equity0.570.85
EPS₹8.66₹1.76
RoNW11.639.86

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 0 shares in Rachana Infrastructure IPO and in Scarnose International IPO.

 Rachana Infrastructure IPOScarnose International IPO
Anchor Investor Reservation0 shares
Market Maker Reservation2,84,000 shares60,000 shares
QIB0 shares
NII26,83,000 shares5,70,000 shares
RII26,83,000 shares5,70,000 shares
Employee0 shares
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
NII (times)1.82x2.09x
RII (times)0.60x2.34x
Total (times)1.21x2.22x

Compare with others

Rachana Infrastructure IPOScarnose International IPO
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Sonu Infratech IPOSilver Pearl Hospitality IPO
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Compare:

Rachana Infrastructure IPO Vs Scarnose International IPO