Fidel Softech IPO vs Rachana Infrastructure IPO

Comparision between Fidel Softech IPO and Rachana Infrastructure IPO.

IPO Details

Fidel Softech IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rachana Infrastructure IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Fidel Softech IPO	Rachana Infrastructure IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	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 Fidel Softech IPO is up to ₹13.51 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹76.28 Cr. The final issue price of Fidel Softech IPO is ₹37.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

	Fidel Softech IPO	Rachana Infrastructure IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹37.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	36,50,000 shares	28,25,000 shares
Fresh Issue Size (Amount)	up to ₹13.51 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	36,50,000 shares	56,50,000 shares
Issue Size Total (Amount)	up to ₹13.51 Cr	up to ₹76.28 Cr

IPO Timetable

Fidel Softech IPO opens on May 30, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Fidel Softech IPO and Rachana Infrastructure IPO is Jun 02, 2022, and Jun 02, 2022, respectively.

	Fidel Softech IPO	Rachana Infrastructure IPO
Anchor Bid Date
Issue Open	May 30, 2022	May 20, 2022
Issue Close	Jun 02, 2022	Jun 02, 2022
Basis Of Allotment (Tentative)	Jun 07, 2022
Initiation of Refunds (Tentative)	Jun 08, 2022
Credit of Share (Tentative)	Jun 09, 2022
Listing date (Tentative)	Jun 10, 2022
Anchor Lockin End date 1	Jul 07, 2022
Anchor Lockin End date 2	Sep 05, 2022

Financials

Fidel Softech IPO P/E ratio is 11.15, as compared to Rachana Infrastructure IPO P/E ratio of 138.

Fidel Softech IPO

Rachana Infrastructure IPO

Financial

Fidel Softech Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1005.5	2280.4	314.7	686.67	661.42
31-Mar-21	1758.1	2620.6	345	1031.68	1006.43
31-Mar-22	2010.3	2686.7	456.5	1488.01	477.93
Amount in ₹ Lakhs

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)

98.98%

83.44%

Promoter Shareholding (Post-Issue)

72.72%

P/E Ratio

11.15

138

Market Cap

₹50.88 Cr.

₹256.75 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fidel Softech IPO retail investors (RII) are offered 17,31,000 shares while in Rachana Infrastructure IPO retail investors are offered 17,31,000 shares. Qualified institutional buyers (QIB) are offered in Fidel Softech IPO and in Rachana Infrastructure IPO.

	Fidel Softech IPO	Rachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,86,000 shares	2,84,000 shares
QIB
NII	17,31,000 shares	26,83,000 shares
RII	17,31,000 shares	26,83,000 shares
Employee
Others
Total	34,62,000 shares	53,66,000 shares

Bids Received (Subscription)

Fidel Softech IPO subscribed 102.89x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

	Fidel Softech IPO	Rachana Infrastructure IPO
QIB (times)
NII (times)	138.34x	1.82x
Big NII (times)
Small NII (times)
RII (times)	67.44x	0.60x
Employee (times)
Other (times)
Total (times)	102.89x	1.21x

Compare with others

Fidel Softech IPO	Rachana Infrastructure IPO
Pearl Green Clubs and Resorts IPO	Goel Food Products IPO
KCK Industries IPO	Scarnose International IPO
Goel Food Products IPO	Silver Pearl Hospitality IPO
Scarnose International IPO	Fidel Softech IPO
Silver Pearl Hospitality IPO	Globesecure Technologies IPO
Globesecure Technologies IPO	Sonu Infratech IPO
Rachana Infrastructure IPO	Nanavati Ventures IPO
Sonu Infratech IPO	Fone4 Communications IPO
Nanavati Ventures IPO	Le Merite Exports IPO
Fone4 Communications IPO	Shashwat Furnishing Solutions IPO

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