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Tapi Fruit Processing IPO vs Varanium Cloud IPO

Comparison between Tapi Fruit Processing IPO and Varanium Cloud IPO.

IPO Details

Tapi Fruit Processing 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.

 Tapi Fruit Processing IPOVaranium Cloud IPO
LogoTapi Fruit Processing IPO LogoVaranium Cloud IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPure 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 Tapi Fruit Processing IPO is up to ₹4.92 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹30.67 Cr. The final issue price of Tapi Fruit Processing IPO is ₹48.00 per share and of Varanium Cloud IPO is ₹122.00 per share.

 Tapi Fruit Processing IPOVaranium Cloud IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹48.00 per share₹122.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1000 shares
Fresh Issue Size10,26,000 shares25,14,000 shares
Fresh Issue Size (Amount)up to ₹4.92 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 Total10,26,000 shares25,14,000 shares
Issue Size Total (Amount)up to ₹4.92 Crup to ₹30.67 Cr

IPO Timetable

Tapi Fruit Processing IPO opens on Sep 12, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Tapi Fruit Processing IPO and Varanium Cloud IPO is Sep 14, 2022, and Sep 20, 2022, respectively.

 Tapi Fruit Processing IPOVaranium Cloud IPO
Anchor Bid Date
Issue OpenSep 12, 2022Sep 16, 2022
Issue CloseSep 14, 2022Sep 20, 2022
Basis Of Allotment (Tentative)Sep 19, 2022Sep 23, 2022
Initiation of Refunds (Tentative)Sep 20, 2022Sep 26, 2022
Credit of Share (Tentative)Sep 21, 2022Sep 27, 2022
Listing date (Tentative)Sep 22, 2022Sep 27, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Tapi Fruit Processing IPO P/E ratio is 120, as compared to Varanium Cloud IPO P/E ratio of 14.59.

 Tapi Fruit Processing IPOVaranium Cloud IPO
Financials
Tapi Fruit Processing Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20589.181145.69-0.8617.36-7.64
31-Mar-21737.41312.510.0627.422.42
31-Mar-22802.881522.0915.643.0218.02
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)99.94
Promoter Shareholding (Post-Issue)
P/E Ratio12014.59
Market Cap₹18.79 Cr.₹122.63 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Tapi Fruit Processing IPO Retail Individual Investors (RII) are offered 5,13,000 shares while in Varanium Cloud IPO retail investors are offered 5,13,000 shares. Qualified Institutional Buyers (QIB) are offered in Tapi Fruit Processing IPO and in Varanium Cloud IPO.

 Tapi Fruit Processing IPOVaranium Cloud IPO
Anchor Investor Reserveration
Market Maker Reserveration60,000 shares4,86,000 shares
QIB
NII5,13,000 shares12,57,000 shares
RII5,13,000 shares12,57,000 shares
Employee
Others
Total10,26,000 shares25,14,000 shares

Bids Received (Subscription)

Tapi Fruit Processing IPO subscribed 2.62x in total, whereas Varanium Cloud IPO subscribed 5.46x.

 Tapi Fruit Processing IPOVaranium Cloud IPO
QIB (times)
NII (times)1.93x5.83x
Big NII (times)
Small NII (times)
RII (times)3.32x5.09x
Employee (times)
Other (times)
Total (times)2.62x5.46x