Rachana Infrastructure IPO vs Shashwat Furnishing Solutions IPO

Comparision between Rachana Infrastructure IPO and Shashwat Furnishing Solutions IPO.

IPO Details

Rachana Infrastructure IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shashwat Furnishing Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Rachana Infrastructure IPO	Shashwat Furnishing Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd	Beeline Broking Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Rachana Infrastructure IPO is up to ₹76.28 Cr whereas the issue size of the Shashwat Furnishing Solutions IPO is up to ₹2.51 Cr. The final issue price of Rachana Infrastructure IPO is ₹135.00 per share and of Shashwat Furnishing Solutions IPO is ₹45.00 per share.

	Rachana Infrastructure IPO	Shashwat Furnishing Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹135.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	3000 shares
Fresh Issue Size	28,25,000 shares	5,58,000 shares
Fresh Issue Size (Amount)	up to ₹38.14 Cr	up to ₹2.51 Cr
OFS Issue Size	28,25,000 shares
OFS Issue Size (Amount)	up to ₹38.14 Cr
Issue Size Total	56,50,000 shares	5,58,000 shares
Issue Size Total (Amount)	up to ₹76.28 Cr	up to ₹2.51 Cr

IPO Timetable

Rachana Infrastructure IPO opens on May 20, 2022, while Shashwat Furnishing Solutions IPO opens on Apr 20, 2022. The closing date of Rachana Infrastructure IPO and Shashwat Furnishing Solutions IPO is Jun 02, 2022, and Apr 25, 2022, respectively.

	Rachana Infrastructure IPO	Shashwat Furnishing Solutions IPO
Anchor Bid Date
Issue Open	May 20, 2022	Apr 20, 2022
Issue Close	Jun 02, 2022	Apr 25, 2022
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Rachana Infrastructure IPO P/E ratio is 138, as compared to Shashwat Furnishing Solutions IPO P/E ratio of 53.6.

Rachana Infrastructure IPO

Shashwat Furnishing Solutions IPO

Financial

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

Summary of financial Information (Restated Statements)
Particulars	For the year/period ended (Rs in Lakhs)
	28-Feb-22
Total Assets	234.44
Total Revenue	123.46
Profit After Tax	16.10

Promoter Shareholding (Pre-Issue)

83.44%

100%

Promoter Shareholding (Post-Issue)

73.28%

P/E Ratio

138

53.6

Market Cap

₹256.75 Cr.

₹9.40 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Rachana Infrastructure IPO retail investors (RII) are offered 26,83,000 shares while in Shashwat Furnishing Solutions IPO retail investors are offered 26,83,000 shares. Qualified institutional buyers (QIB) are offered in Rachana Infrastructure IPO and in Shashwat Furnishing Solutions IPO.

	Rachana Infrastructure IPO	Shashwat Furnishing Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,84,000 shares	30,000 shares
QIB
NII	26,83,000 shares	2,64,000 shares
RII	26,83,000 shares	2,64,000 shares
Employee
Others
Total	53,66,000 shares	5,28,000 shares

Bids Received (Subscription)

Rachana Infrastructure IPO subscribed 1.21x in total, whereas Shashwat Furnishing Solutions IPO subscribed 4.62x.

	Rachana Infrastructure IPO	Shashwat Furnishing Solutions IPO
QIB (times)
NII (times)	1.82x	2.43x
Big NII (times)
Small NII (times)
RII (times)	0.60x	6.81x
Employee (times)
Other (times)
Total (times)	1.21x	4.62x

Compare with others

Rachana Infrastructure IPO	Shashwat Furnishing Solutions IPO
Goel Food Products IPO	Rachana Infrastructure IPO
Scarnose International IPO	Sonu Infratech IPO
Silver Pearl Hospitality IPO	Nanavati Ventures IPO
Fidel Softech IPO	Fone4 Communications IPO
Globesecure Technologies IPO	Le Merite Exports IPO
Sonu Infratech IPO	Global Longlife Hospital IPO
Nanavati Ventures IPO	Eighty Jewellers IPO
Fone4 Communications IPO	Sunrise Efficient Marketing IPO
Le Merite Exports IPO	Dhyaani Tile IPO
Shashwat Furnishing Solutions IPO	Jeena Sikho IPO

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