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Fone4 Communications IPO vs Shashwat Furnishing IPO

Comparison between Fone4 Communications IPO and Shashwat Furnishing IPO.

IPO Details

Fone4 Communications IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shashwat Furnishing IPO is a SME Fixed Price proposed to list at BSE SME.

 Fone4 Communications IPOShashwat Furnishing IPO
LogoFone4 Communications IPO LogoShashwat Furnishing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Beeline Broking Ltd.
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Market MakerNikunj Stock Brokers 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 Fone4 Communications IPO is up to ₹6.46 Cr whereas the issue size of the Shashwat Furnishing IPO is up to ₹2.38 Cr. The final issue price of Fone4 Communications IPO is ₹10.00 per share and of Shashwat Furnishing IPO is ₹45.00 per share.

 Fone4 Communications IPOShashwat Furnishing IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹10.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size10000 shares3000 shares
Fresh Issue Size64,60,000 shares5,28,000 shares
Fresh Issue Size (Amount)up to ₹6.46 Crup to ₹2.38 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total64,60,000 shares5,28,000 shares
Issue Size Total (Amount)up to ₹6.46 Crup to ₹2.38 Cr

IPO Timetable

Fone4 Communications IPO opens on Apr 25, 2022, while Shashwat Furnishing IPO opens on Apr 20, 2022. The closing date of Fone4 Communications IPO and Shashwat Furnishing IPO is Apr 27, 2022, and Apr 25, 2022, respectively.

 Fone4 Communications IPOShashwat Furnishing IPO
Anchor Bid Date
Issue OpenApr 25, 2022Apr 20, 2022
Issue CloseApr 27, 2022Apr 25, 2022
Basis Of Allotment (Tentative)May 02, 2022
Initiation of Refunds (Tentative)May 04, 2022
Credit of Share (Tentative)May 05, 2022
Listing date (Tentative)May 06, 2022May 04, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Fone4 Communications IPO P/E ratio is 142.86, as compared to Shashwat Furnishing IPO P/E ratio of 53.6.

 Fone4 Communications IPOShashwat Furnishing IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3162.46 4927.98 16577.39 14225.44
Total Revenue 2626.86 6380.25 5752.19 15242.89
Profit After Tax -2.24 -10.00 -97.78 -155.34
Summary of financial Information (Restated Statements)
Particulars For the year/period ended (Rs in Lakhs)
28-Feb-22
Total Assets 234.44
Total Revenue 123.46
Profit After Tax 16.10
Promoter Shareholding (Pre-Issue)95.12100
Promoter Shareholding (Post-Issue)57.1873.28
P/E Ratio142.8653.6
Market Cap₹17.05 Cr.₹9.40 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Fone4 Communications IPO Retail Individual Investors (RII) are offered 32,30,000 shares while in Shashwat Furnishing IPO retail investors are offered 32,30,000 shares. Qualified Institutional Buyers (QIB) are offered in Fone4 Communications IPO and in Shashwat Furnishing IPO.

 Fone4 Communications IPOShashwat Furnishing IPO
Anchor Investor Reserveration
Market Maker Reserveration3,40,000 shares30,000 shares
QIB
NII32,30,000 shares2,64,000 shares
RII32,30,000 shares2,64,000 shares
Employee
Others
Total64,60,000 shares5,28,000 shares

Bids Received (Subscription)

Fone4 Communications IPO subscribed 14.75x in total, whereas Shashwat Furnishing IPO subscribed 4.62x.

 Fone4 Communications IPOShashwat Furnishing IPO
QIB (times)
NII (times)7.43x2.43x
Big NII (times)
Small NII (times)
RII (times)22.07x6.81x
Employee (times)
Other (times)
Total (times)14.75x4.62x