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Rachana Infrastructure IPO vs Shashwat Furnishing IPO

Comparison between Rachana Infrastructure IPO and Shashwat Furnishing IPO.

IPO Details

Rachana Infrastructure IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shashwat Furnishing IPO is a SME Fixed Price proposed to list at BSE SME.

 Rachana Infrastructure IPOShashwat Furnishing IPO
LogoRachana Infrastructure IPO LogoShashwat Furnishing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.Beeline Broking Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities 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 Rachana Infrastructure IPO is up to ₹72.44 Cr whereas the issue size of the Shashwat Furnishing IPO is up to ₹2.38 Cr. The final issue price of Rachana Infrastructure IPO is ₹135.00 per share and of Shashwat Furnishing IPO is ₹45.00 per share.

 Rachana Infrastructure IPOShashwat Furnishing IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹135.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares3000 shares
Fresh Issue Size25,41,000 shares5,28,000 shares
Fresh Issue Size (Amount)up to ₹34.30 Crup to ₹2.38 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 shares5,28,000 shares
Issue Size Total (Amount)up to ₹72.44 Crup to ₹2.38 Cr

IPO Timetable

Rachana Infrastructure IPO opens on May 20, 2022, while Shashwat Furnishing IPO opens on Apr 20, 2022. The closing date of Rachana Infrastructure IPO and Shashwat Furnishing IPO is Jun 02, 2022, and Apr 25, 2022, respectively.

 Rachana Infrastructure IPOShashwat Furnishing IPO
Anchor Bid Date
Issue OpenMay 20, 2022Apr 20, 2022
Issue CloseJun 02, 2022Apr 25, 2022
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)Jun 10, 2022May 04, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Rachana Infrastructure IPO P/E ratio is 138, as compared to Shashwat Furnishing IPO P/E ratio of 53.6.

 Rachana Infrastructure IPOShashwat Furnishing IPO
Financials
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Lakhs)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 8,784.50 8,043.07 10,618.21 7,981.82
Total Revenue 4,171.07 10,705.67 15,840.55 11,393.32
Profit After Tax 139.85 455.31 597.13 466.45
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)83.44100
Promoter Shareholding (Post-Issue)73.28
P/E Ratio13853.6
Market Cap₹256.75 Cr.₹9.40 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rachana Infrastructure IPO Retail Individual Investors (RII) are offered 26,83,000 shares while in Shashwat Furnishing IPO retail investors are offered 26,83,000 shares. Qualified Institutional Buyers (QIB) are offered in Rachana Infrastructure IPO and in Shashwat Furnishing IPO.

 Rachana Infrastructure IPOShashwat Furnishing IPO
Anchor Investor Reserveration
Market Maker Reserveration2,84,000 shares30,000 shares
QIB
NII26,83,000 shares2,64,000 shares
RII26,83,000 shares2,64,000 shares
Employee
Others
Total53,66,000 shares5,28,000 shares

Bids Received (Subscription)

Rachana Infrastructure IPO subscribed 1.21x in total, whereas Shashwat Furnishing IPO subscribed 4.62x.

 Rachana Infrastructure IPOShashwat Furnishing IPO
QIB (times)
NII (times)1.82x2.43x
Big NII (times)
Small NII (times)
RII (times)0.60x6.81x
Employee (times)
Other (times)
Total (times)1.21x4.62x