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.
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.
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 IPO | Varanium Cloud IPO |
|---|
| 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 |
Financials & KPIs
Tapi Fruit Processing IPO P/E ratio is 120, as compared to Varanium Cloud IPO P/E ratio of 14.59.
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 0 shares in Varanium Cloud IPO.
| | Tapi Fruit Processing IPO | Varanium Cloud IPO |
|---|
| Anchor Investor Reservation | | 0 shares |
| Market Maker Reservation | 60,000 shares | 4,86,000 shares |
| QIB | | 0 shares |
| NII | 5,13,000 shares | 12,57,000 shares |
| RII | 5,13,000 shares | 12,57,000 shares |
| Employee | | 0 shares |
| Total | 10,26,000 shares | 25,14,000 shares |
Bids Received (Subscription)
Tapi Fruit Processing IPO subscribed 2.62x in total, whereas Varanium Cloud IPO subscribed 5.46x.
