Chetana Education IPO vs RNFI Services IPO

Comparision between Chetana Education IPO and RNFI Services IPO.

IPO Details

Chetana Education IPO is a SME Book Built Issue IPO proposed to list at NSE SME while RNFI Services IPO is a SME Book Built Issue proposed to list at NSE SME.

	Chetana Education IPO	RNFI Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Choice Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Hem Finlease Private Limited	Choice Equity Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Chetana Education IPO is up to ₹45.90 Cr whereas the issue size of the RNFI Services IPO is up to ₹70.81 Cr. The final issue price of Chetana Education IPO is ₹85.00 per share and of RNFI Services IPO is ₹105.00 per share.

	Chetana Education IPO	RNFI Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹98.00 per share
Issue Price (Upper)	₹85.00 per share	₹105.00 per share
Issue Price (Final)	₹85.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	54,00,000 shares	67,44,000 shares
Fresh Issue Size (Amount)	up to ₹45.90 Cr	up to ₹70.81 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	67,44,000 shares
Issue Size Total (Amount)	up to ₹45.90 Cr	up to ₹70.81 Cr

IPO Timetable

Chetana Education IPO opens on Jul 24, 2024, while RNFI Services IPO opens on Jul 22, 2024. The closing date of Chetana Education IPO and RNFI Services IPO is Jul 26, 2024, and Jul 24, 2024, respectively.

	Chetana Education IPO	RNFI Services IPO
Anchor Bid Date	Jul 23, 2024	Jul 19, 2024
Issue Open	Jul 24, 2024	Jul 22, 2024
Issue Close	Jul 26, 2024	Jul 24, 2024
Basis Of Allotment (Tentative)	Jul 29, 2024	Jul 25, 2024
Initiation of Refunds (Tentative)	Jul 30, 2024	Jul 26, 2024
Credit of Share (Tentative)	Jul 30, 2024	Jul 26, 2024
Listing date (Tentative)	Jul 31, 2024	Jul 29, 2024
Anchor Lockin End date 1	Aug 28, 2024	Aug 24, 2024
Anchor Lockin End date 2	Oct 27, 2024	Oct 23, 2024

Financials

Chetana Education IPO P/E ratio is 10.59, as compared to RNFI Services IPO P/E ratio of 19.19.

Chetana Education IPO

RNFI Services IPO

Financial

Chetana Education Limited Financial Information (Restated Standalone)

Chetana Education Limited's revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,475.09	8,315.08	7,605.82	6,825.10
Revenue	9,367.06	7,560.77	4,312.21	3,270.96
Profit After Tax	1,203.47	685.47	168.06	280.30
Net Worth	2,524.55	2,281.92	1,947.33	2,091.10
Reserves and Surplus	1,024.55
Total Borrowing	5,128.73	4,299.50	3,876.03	3,487.85
Amount in ₹ Lakhs

RNFI Services Limited Financial Information (Restated Consolidated)

RNFI Services Limited's revenue decreased by -11.81% and profit after tax (PAT) rose by 103.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	19,051.38	12,526.71	11,661.34
Revenue	94,305.10	106,939.62	19,079.93
Profit After Tax	996.07	488.71	555.03
Net Worth	3,159.90	2,041.64	1,330.24
Reserves and Surplus	1,350.86	2,043.47	1,332.07
Total Borrowing	3,638.87	2,118.75	1,264.05
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

89.53%

Promoter Shareholding (Post-Issue)

73.53%

P/E Ratio

10.59

19.19

Market Cap

₹173.40 Cr.

₹262.00 Cr.

ROE

50.08%%

ROCE

26.87%%

29.74%%

Debt/Equity

1.02

EPS

₹8.02

₹5.47

RoNW

47.67%%

40.92%%

Shares Offered

In the Chetana Education IPO retail investors (RII) are offered 17,95,200 shares while in RNFI Services IPO retail investors are offered 17,95,200 shares. Qualified institutional buyers (QIB) are offered 10,25,600 shares in Chetana Education IPO and 12,72,000 shares in RNFI Services IPO.

	Chetana Education IPO	RNFI Services IPO
Anchor Investor Reserveration	15,36,000 shares	19,08,000 shares
Market Maker Reserveration	2,73,600 shares	3,84,000 shares
QIB	10,25,600 shares	12,72,000 shares
NII	7,69,600 shares	9,54,000 shares
RII	17,95,200 shares	22,26,000 shares
Employee	0 shares	0 shares
Others
Total	35,90,400 shares	44,52,000 shares

Bids Received (Subscription)

Chetana Education IPO subscribed 196.87x in total, whereas RNFI Services IPO subscribed 221.49x.

	Chetana Education IPO	RNFI Services IPO
QIB (times)	101.22x	140.66x
NII (times)	468.42x	513.31x
Big NII (times)
Small NII (times)
RII (times)	135.11x	142.62x
Employee (times)
Other (times)
Total (times)	196.87x	221.49x

Compare with others

Chetana Education IPO	RNFI Services IPO
Trom Industries IPO	Manglam Infra And Engineering IPO
Esprit Stones IPO	Chetana Education IPO
S A Tech Software India IPO	Clinitech Laboratory IPO
Aprameya Engineering IPO	VVIP Infratech IPO
Manglam Infra And Engineering IPO	V.L.Infraprojects IPO
Clinitech Laboratory IPO	Macobs Technologies IPO
VVIP Infratech IPO	Kataria Industries IPO
V.L.Infraprojects IPO	SAR Televenture FPO
RNFI Services IPO	Tunwal E-Motors IPO
Macobs Technologies IPO	Three M Paper Boards IPO

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