Rachana Infrastructure IPO vs Sonu Infratech IPO

Comparision between Rachana Infrastructure IPO and Sonu Infratech IPO.

IPO Details

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

	Rachana Infrastructure IPO	Sonu Infratech 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	Interactive Financial Services Ltd	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private 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 Rachana Infrastructure IPO is up to ₹76.28 Cr whereas the issue size of the Sonu Infratech IPO is up to ₹8.64 Cr. The final issue price of Rachana Infrastructure IPO is ₹135.00 per share and of Sonu Infratech IPO is ₹36.00 per share.

	Rachana Infrastructure IPO	Sonu Infratech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹135.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	3000 shares
Fresh Issue Size	28,25,000 shares	24,00,000 shares
Fresh Issue Size (Amount)	up to ₹38.14 Cr	up to ₹8.64 Cr
OFS Issue Size	28,25,000 shares
OFS Issue Size (Amount)	up to ₹38.14 Cr
Issue Size Total	56,50,000 shares	24,00,000 shares
Issue Size Total (Amount)	up to ₹76.28 Cr	up to ₹8.64 Cr

IPO Timetable

Rachana Infrastructure IPO opens on May 20, 2022, while Sonu Infratech IPO opens on Apr 29, 2022. The closing date of Rachana Infrastructure IPO and Sonu Infratech IPO is Jun 02, 2022, and May 05, 2022, respectively.

	Rachana Infrastructure IPO	Sonu Infratech IPO
Anchor Bid Date
Issue Open	May 20, 2022	Apr 29, 2022
Issue Close	Jun 02, 2022	May 05, 2022
Basis Of Allotment (Tentative)		May 10, 2022
Initiation of Refunds (Tentative)		May 11, 2022
Credit of Share (Tentative)		May 12, 2022
Listing date (Tentative)
Anchor Lockin End date 1		Jun 09, 2022
Anchor Lockin End date 2		Aug 08, 2022

Financials

Rachana Infrastructure IPO P/E ratio is 138, as compared to Sonu Infratech IPO P/E ratio of 15.79.

Rachana Infrastructure IPO

Sonu Infratech 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)
Particulars	For the year/period ended (Rs in Lakhs)
	31-Oct-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	5,503.07	4,319.18	2,902.96	2,696.21
Total Revenue	3,239.50	4,076.69	4,114.07	3,412.77
Profit After Tax	104.27	139.80	66.01	64.47

Promoter Shareholding (Pre-Issue)

83.44%

94.28%

Promoter Shareholding (Post-Issue)

65.45%

P/E Ratio

138

15.79

Market Cap

₹256.75 Cr.

₹28.26 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 Sonu Infratech IPO retail investors are offered 26,83,000 shares. Qualified institutional buyers (QIB) are offered in Rachana Infrastructure IPO and in Sonu Infratech IPO.

	Rachana Infrastructure IPO	Sonu Infratech IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,84,000 shares	1,20,000 shares
QIB
NII	26,83,000 shares	11,40,000 shares
RII	26,83,000 shares	11,40,000 shares
Employee
Others
Total	53,66,000 shares	22,80,000 shares

Bids Received (Subscription)

Rachana Infrastructure IPO subscribed 1.21x in total, whereas Sonu Infratech IPO subscribed 16.52x.

	Rachana Infrastructure IPO	Sonu Infratech IPO
QIB (times)
NII (times)	1.82x	13.43x
Big NII (times)
Small NII (times)
RII (times)	0.60x	19.60x
Employee (times)
Other (times)
Total (times)	1.21x	16.52x

Compare with others

Rachana Infrastructure IPO	Sonu Infratech IPO
Goel Food Products IPO	Scarnose International IPO
Scarnose International IPO	Silver Pearl Hospitality IPO
Silver Pearl Hospitality IPO	Fidel Softech IPO
Fidel Softech IPO	Globesecure Technologies IPO
Globesecure Technologies IPO	Rachana Infrastructure IPO
Sonu Infratech IPO	Nanavati Ventures IPO
Nanavati Ventures IPO	Fone4 Communications IPO
Fone4 Communications IPO	Le Merite Exports IPO
Le Merite Exports IPO	Shashwat Furnishing Solutions IPO
Shashwat Furnishing Solutions IPO	Global Longlife Hospital IPO

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