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Sabar Flex IPO vs Varanium Cloud IPO

Comparison between Sabar Flex IPO and Varanium Cloud IPO.

IPO Details

Sabar Flex IPO is a SME Fixed Price IPO proposed to list at NSE SME while Varanium Cloud IPO is a SME Fixed Price proposed to list at NSE SME.

 Sabar Flex IPOVaranium Cloud IPO
LogoSabar Flex IPO LogoVaranium Cloud IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerEcono Broking Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sabar Flex IPO is up to ₹4.25 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹30.67 Cr. The final issue price of Sabar Flex IPO is ₹11.00 per share and of Varanium Cloud IPO is ₹122.00 per share.

 Sabar Flex IPOVaranium Cloud IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹11.00 per share₹122.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size10000 shares1000 shares
Fresh Issue Size38,60,000 shares25,14,000 shares
Fresh Issue Size (Amount)up to ₹4.25 Crup to ₹30.67 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,60,000 shares25,14,000 shares
Issue Size Total (Amount)up to ₹4.25 Crup to ₹30.67 Cr

IPO Timetable

Sabar Flex IPO opens on Sep 08, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Sabar Flex IPO and Varanium Cloud IPO is Sep 13, 2022, and Sep 20, 2022, respectively.

 Sabar Flex IPOVaranium Cloud IPO
Anchor Bid Date
Issue OpenSep 08, 2022Sep 16, 2022
Issue CloseSep 13, 2022Sep 20, 2022
Basis Of Allotment (Tentative)Sep 16, 2022Sep 23, 2022
Initiation of Refunds (Tentative)Sep 19, 2022Sep 26, 2022
Credit of Share (Tentative)Sep 20, 2022Sep 27, 2022
Listing date (Tentative)Sep 21, 2022Sep 27, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sabar Flex IPO P/E ratio is 9.48, as compared to Varanium Cloud IPO P/E ratio of 14.59.

 Sabar Flex IPOVaranium Cloud IPO
Financials
Sabar Flex India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-204090.926364.3289.81258.44158.49
31-Mar-215162.087397.88139.841398.28298.33
31-Mar-225187.247237.01174.281572.56472.61
Amount in ₹ Lakhs
Varanium Cloud Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20765.3912.44-148.9185.740
31-Mar-21833.09419.51289.25327.30
31-Mar-224066.683535.21840.191512.49877.35
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)53.25
Promoter Shareholding (Post-Issue)39.00
P/E Ratio9.4814.59
Market Cap₹16.58 Cr.₹122.63 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Sabar Flex IPO Retail Individual Investors (RII) are offered 19,30,000 shares while in Varanium Cloud IPO retail investors are offered 19,30,000 shares. Qualified Institutional Buyers (QIB) are offered in Sabar Flex IPO and in Varanium Cloud IPO.

 Sabar Flex IPOVaranium Cloud IPO
Anchor Investor Reserveration
Market Maker Reserveration2,10,000 shares4,86,000 shares
QIB
NII19,30,000 shares12,57,000 shares
RII19,30,000 shares12,57,000 shares
Employee
Others
Total38,60,000 shares25,14,000 shares

Bids Received (Subscription)

Sabar Flex IPO subscribed 85.47x in total, whereas Varanium Cloud IPO subscribed 5.46x.

 Sabar Flex IPOVaranium Cloud IPO
QIB (times)
NII (times)116.46x5.83x
Big NII (times)
Small NII (times)
RII (times)54.47x5.09x
Employee (times)
Other (times)
Total (times)85.47x5.46x