Comparison between Tapi Fruit Processing IPO and Varanium Cloud IPO.
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 IPO | Varanium Cloud IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Fedex Securities Pvt.Ltd. | First Overseas Capital Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Pure Broking Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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 IPO | Varanium 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 Size | 3000 shares | 1000 shares |
| Fresh Issue Size | 10,26,000 shares | 25,14,000 shares |
| Fresh Issue Size (Amount) | up to ₹4.92 Cr | up to ₹30.67 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 10,26,000 shares | 25,14,000 shares |
| Issue Size Total (Amount) | up to ₹4.92 Cr | up to ₹30.67 Cr |
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 IPO | Varanium Cloud IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 12, 2022 | Sep 16, 2022 |
| Issue Close | Sep 14, 2022 | Sep 20, 2022 |
| Basis Of Allotment (Tentative) | Sep 19, 2022 | Sep 23, 2022 |
| Initiation of Refunds (Tentative) | Sep 20, 2022 | Sep 26, 2022 |
| Credit of Share (Tentative) | Sep 21, 2022 | Sep 27, 2022 |
| Listing date (Tentative) | Sep 22, 2022 | Sep 27, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Tapi Fruit Processing IPO P/E ratio is 120, as compared to Varanium Cloud IPO P/E ratio of 14.59.
| Tapi Fruit Processing IPO | Varanium Cloud IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 120 | 14.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹18.79 Cr. | ₹122.63 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 12.40 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.24 | ₹23.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 36.26 | 55.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 IPO | Varanium Cloud IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 60,000 shares | 4,86,000 shares |
| QIB | ||
| NII | 5,13,000 shares | 12,57,000 shares |
| RII | 5,13,000 shares | 12,57,000 shares |
| Employee | ||
| Others | ||
| Total | 10,26,000 shares | 25,14,000 shares |
Tapi Fruit Processing IPO subscribed 2.62x in total, whereas Varanium Cloud IPO subscribed 5.46x.
| Tapi Fruit Processing IPO | Varanium Cloud IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.93x | 5.83x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 3.32x | 5.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.62x | 5.46x |
