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Scarnose International IPO vs Sonu Infratech IPO

Comparison between Scarnose International IPO and Sonu Infratech IPO.

IPO Details

Scarnose International IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sonu Infratech IPO is a SME Fixed Price proposed to list at NSE SME.

 Scarnose International IPOSonu Infratech IPO
LogoScarnose International IPO LogoSonu Infratech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Swastika Investmart Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerEcono Broking 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 Scarnose International IPO is up to ₹6.27 Cr whereas the issue size of the Sonu Infratech IPO is up to ₹8.21 Cr. The final issue price of Scarnose International IPO is ₹55.00 per share and of Sonu Infratech IPO is ₹36.00 per share.

 Scarnose International IPOSonu Infratech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹55.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size11,40,000 shares22,80,000 shares
Fresh Issue Size (Amount)up to ₹6.27 Crup to ₹8.21 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,40,000 shares22,80,000 shares
Issue Size Total (Amount)up to ₹6.27 Crup to ₹8.21 Cr

IPO Timetable

Scarnose International IPO opens on Jun 14, 2022, while Sonu Infratech IPO opens on Apr 29, 2022. The closing date of Scarnose International IPO and Sonu Infratech IPO is Jun 17, 2022, and May 05, 2022, respectively.

 Scarnose International IPOSonu Infratech IPO
Anchor Bid Date
Issue OpenJun 14, 2022Apr 29, 2022
Issue CloseJun 17, 2022May 05, 2022
Basis Of Allotment (Tentative)Jun 22, 2022May 10, 2022
Initiation of Refunds (Tentative)Jun 23, 2022May 11, 2022
Credit of Share (Tentative)Jun 24, 2022May 12, 2022
Listing date (Tentative)Jun 27, 2022May 13, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Scarnose International IPO P/E ratio is 51.89, as compared to Sonu Infratech IPO P/E ratio of 15.79.

 Scarnose International IPOSonu Infratech IPO
Financials
Scarnose International Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201204.911204.562.814.053.04
31-Mar-21457.83255.7222.51190.55148.55
31-Mar-221242.259593.0233.42339143.98
Amount in ₹ Lakhs
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)99.9994.28
Promoter Shareholding (Post-Issue)61.9065.45
P/E Ratio51.8915.79
Market Cap₹17.33 Cr.₹28.26 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Scarnose International IPO Retail Individual Investors (RII) are offered 5,70,000 shares while in Sonu Infratech IPO retail investors are offered 5,70,000 shares. Qualified Institutional Buyers (QIB) are offered in Scarnose International IPO and in Sonu Infratech IPO.

 Scarnose International IPOSonu Infratech IPO
Anchor Investor Reserveration
Market Maker Reserveration60,000 shares1,20,000 shares
QIB
NII5,70,000 shares11,40,000 shares
RII5,70,000 shares11,40,000 shares
Employee
Others
Total11,40,000 shares22,80,000 shares

Bids Received (Subscription)

Scarnose International IPO subscribed 2.22x in total, whereas Sonu Infratech IPO subscribed 16.52x.

 Scarnose International IPOSonu Infratech IPO
QIB (times)
NII (times)2.09x13.43x
Big NII (times)
Small NII (times)
RII (times)2.34x19.60x
Employee (times)
Other (times)
Total (times)2.22x16.52x