Sabar Flex India IPO vs Varanium Cloud IPO

Comparision between Sabar Flex India IPO and Varanium Cloud IPO.

IPO Details

Sabar Flex India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Varanium Cloud IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sabar Flex India IPO	Varanium Cloud 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	GYR Capital Advisors Private Limited	First Overseas Capital Limited
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 Sabar Flex India IPO is up to ₹4.48 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹36.60 Cr. The final issue price of Sabar Flex India IPO is ₹11.00 per share and of Varanium Cloud IPO is ₹122.00 per share.

	Sabar Flex India IPO	Varanium Cloud IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹11.00 per share	₹122.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	1000 shares
Fresh Issue Size	40,70,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹4.48 Cr	up to ₹36.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,70,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹4.48 Cr	up to ₹36.60 Cr

IPO Timetable

Sabar Flex India IPO opens on Sep 08, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Sabar Flex India IPO and Varanium Cloud IPO is Sep 13, 2022, and Sep 20, 2022, respectively.

	Sabar Flex India IPO	Varanium Cloud IPO
Anchor Bid Date
Issue Open	Sep 08, 2022	Sep 16, 2022
Issue Close	Sep 13, 2022	Sep 20, 2022
Basis Of Allotment (Tentative)	Sep 16, 2022	Sep 23, 2022
Initiation of Refunds (Tentative)	Sep 19, 2022	Sep 26, 2022
Credit of Share (Tentative)	Sep 20, 2022	Sep 27, 2022
Listing date (Tentative)	Sep 21, 2022	Sep 27, 2022
Anchor Lockin End date 1	Oct 16, 2022	Oct 23, 2022
Anchor Lockin End date 2	Dec 15, 2022	Dec 22, 2022

Financials

Sabar Flex India IPO P/E ratio is 9.48, as compared to Varanium Cloud IPO P/E ratio of 14.59.

Sabar Flex India IPO

Varanium Cloud IPO

Financial

Sabar Flex India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	4090.92	6364.32	89.8	1258.44	158.49
31-Mar-21	5162.08	7397.88	139.84	1398.28	298.33
31-Mar-22	5187.24	7237.01	174.28	1572.56	472.61
Amount in ₹ Lakhs

Varanium Cloud Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	765.39	12.44	-148.9	185.74	0
31-Mar-21	833.09	419.51	289.25	327.3	0
31-Mar-22	4066.68	3535.21	840.19	1512.49	877.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

53.25%

Promoter Shareholding (Post-Issue)

39.00%

P/E Ratio

9.48

14.59

Market Cap

₹16.58 Cr.

₹122.63 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sabar Flex India IPO retail investors (RII) are offered 19,30,000 shares while in Varanium Cloud IPO retail investors are offered 19,30,000 shares. Qualified institutional buyers (QIB) are offered in Sabar Flex India IPO and in Varanium Cloud IPO.

	Sabar Flex India IPO	Varanium Cloud IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,10,000 shares	4,86,000 shares
QIB
NII	19,30,000 shares	12,57,000 shares
RII	19,30,000 shares	12,57,000 shares
Employee
Others
Total	38,60,000 shares	25,14,000 shares

Bids Received (Subscription)

Sabar Flex India IPO subscribed 85.47x in total, whereas Varanium Cloud IPO subscribed 5.46x.

	Sabar Flex India IPO	Varanium Cloud IPO
QIB (times)
NII (times)	116.46x	5.83x
Big NII (times)
Small NII (times)
RII (times)	54.47x	5.09x
Employee (times)
Other (times)
Total (times)	85.47x	5.46x

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