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Fone4 Communications IPO vs Rachana Infrastructure IPO

Comparision between Fone4 Communications IPO and Rachana Infrastructure IPO.

IPO Details

Fone4 Communications IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rachana Infrastructure IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Fone4 Communications IPO Rachana Infrastructure IPO
Logo Fone4 Communications IPO Logo Rachana Infrastructure IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Finshore Management Services Limited Interactive Financial Services Ltd
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Fone4 Communications IPO is up to ₹6.80 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹76.28 Cr. The final issue price of Fone4 Communications IPO is ₹10.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

  Fone4 Communications IPO Rachana Infrastructure IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹10.00 per share ₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 10000 shares 1000 shares
Fresh Issue Size 68,00,000 shares 28,25,000 shares
Fresh Issue Size (Amount) up to ₹6.80 Cr up to ₹38.14 Cr
OFS Issue Size 28,25,000 shares
OFS Issue Size (Amount) up to ₹38.14 Cr
Issue Size Total 68,00,000 shares 56,50,000 shares
Issue Size Total (Amount) up to ₹6.80 Cr up to ₹76.28 Cr

IPO Timetable

Fone4 Communications IPO opens on Apr 25, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Fone4 Communications IPO and Rachana Infrastructure IPO is Apr 27, 2022, and Jun 02, 2022, respectively.

  Fone4 Communications IPO Rachana Infrastructure IPO
Anchor Bid Date
Issue Open Apr 25, 2022 May 20, 2022
Issue Close Apr 27, 2022 Jun 02, 2022
Basis Of Allotment (Tentative) May 02, 2022
Initiation of Refunds (Tentative) May 04, 2022
Credit of Share (Tentative) May 05, 2022
Listing date (Tentative) May 06, 2022
Anchor Lockin End date 1 Jun 01, 2022
Anchor Lockin End date 2 Jul 31, 2022

Financials

Fone4 Communications IPO P/E ratio is 142.86, as compared to Rachana Infrastructure IPO P/E ratio of 138.

  Fone4 Communications IPO Rachana Infrastructure IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3162.46 4927.98 16577.39 14225.44
Total Revenue 2626.86 6380.25 5752.19 15242.89
Profit After Tax -2.24 -10.00 -97.78 -155.34
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
Promoter Shareholding (Pre-Issue) 95.12% 83.44%
Promoter Shareholding (Post-Issue) 57.18%
P/E Ratio 142.86 138
Market Cap ₹17.05 Cr. ₹256.75 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Fone4 Communications IPO retail investors (RII) are offered 32,30,000 shares while in Rachana Infrastructure IPO retail investors are offered 32,30,000 shares. Qualified institutional buyers (QIB) are offered in Fone4 Communications IPO and in Rachana Infrastructure IPO.

  Fone4 Communications IPO Rachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,40,000 shares 2,84,000 shares
QIB
NII 32,30,000 shares 26,83,000 shares
RII 32,30,000 shares 26,83,000 shares
Employee
Others
Total 64,60,000 shares 53,66,000 shares

Bids Received (Subscription)

Fone4 Communications IPO subscribed 14.75x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

  Fone4 Communications IPO Rachana Infrastructure IPO
QIB (times)
NII (times) 7.43x 1.82x
Big NII (times)
Small NII (times)
RII (times) 22.07x 0.60x
Employee (times)
Other (times)
Total (times) 14.75x 1.21x

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