Clinitech Laboratory IPO vs RNFI Services IPO

Comparision between Clinitech Laboratory IPO and RNFI Services IPO.

IPO Details

Clinitech Laboratory IPO is a SME Book Built Issue IPO proposed to list at BSE SME while RNFI Services IPO is a SME Book Built Issue proposed to list at NSE SME.

	Clinitech Laboratory IPO	RNFI Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Choice Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Bhh Securities Private Limited	Choice Equity Broking Private Limited
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Clinitech Laboratory IPO is up to ₹5.78 Cr whereas the issue size of the RNFI Services IPO is up to ₹70.81 Cr. The final issue price of Clinitech Laboratory IPO is ₹96.00 per share and of RNFI Services IPO is .

	Clinitech Laboratory IPO	RNFI Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹98.00 per share
Issue Price (Upper)		₹105.00 per share
Issue Price (Final)	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	6,02,400 shares	67,44,000 shares
Fresh Issue Size (Amount)	up to ₹5.78 Cr	up to ₹70.81 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	6,02,400 shares	67,44,000 shares
Issue Size Total (Amount)	up to ₹5.78 Cr	up to ₹70.81 Cr

IPO Timetable

Clinitech Laboratory IPO opens on Jul 25, 2024, while RNFI Services IPO opens on Jul 22, 2024. The closing date of Clinitech Laboratory IPO and RNFI Services IPO is Jul 29, 2024, and Jul 24, 2024, respectively.

	Clinitech Laboratory IPO	RNFI Services IPO
Anchor Bid Date		Jul 19, 2024
Issue Open	Jul 25, 2024	Jul 22, 2024
Issue Close	Jul 29, 2024	Jul 24, 2024
Basis Of Allotment (Tentative)	Jul 30, 2024	Jul 25, 2024
Initiation of Refunds (Tentative)	Jul 31, 2024	Jul 26, 2024
Credit of Share (Tentative)	Jul 31, 2024	Jul 26, 2024
Listing date (Tentative)	Aug 01, 2024	Jul 29, 2024
Anchor Lockin End date 1		Aug 24, 2024
Anchor Lockin End date 2		Oct 23, 2024

Financials

Clinitech Laboratory IPO P/E ratio is 26.31, as compared to RNFI Services IPO P/E ratio of 19.19.

Clinitech Laboratory IPO

RNFI Services IPO

Financial

Clinitech Laboratory Limited Financial Information (Restated)

Clinitech Laboratory Limited's revenue decreased by -1.45% and profit after tax (PAT) rose by 19.61% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	467.43	603.33	368.74	273.32
Revenue	308.12	636.34	645.70	459.63
Profit After Tax	6.78	61.31	51.26	40.24
Net Worth	244.86	238.08	184.81	139.03
Reserves and Surplus	94.86	88.08	34.81	72.37
Total Borrowing	81.59	102.91	88.61	53.67
Amount in ₹ Lakhs

RNFI Services Limited Financial Information (Restated Consolidated)

RNFI Services Limited's revenue increased by 49.52% 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	3,200.71	2,140.67	1,369.32
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	3,250.59	1,935.39	1,165.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.63%

89.53%

Promoter Shareholding (Post-Issue)

61.56%

P/E Ratio

26.31

19.19

Market Cap

₹21.91 Cr.

₹262.00 Cr.

ROE

ROCE

29.74%%

Debt/Equity

1.02

EPS

₹3.65

₹5.47

RoNW

40.92%%

Shares Offered

In the Clinitech Laboratory IPO retail investors (RII) are offered while in RNFI Services IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Clinitech Laboratory IPO and in RNFI Services IPO.

	Clinitech Laboratory IPO	RNFI Services IPO
Anchor Investor Reserveration		19,08,000 shares
Market Maker Reserveration	31,200 shares	3,84,000 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Clinitech Laboratory IPO subscribed in total, whereas RNFI Services IPO subscribed .

	Clinitech Laboratory IPO	RNFI Services IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

Clinitech Laboratory IPO	RNFI Services IPO
VVIP Infratech IPO	Clinitech Laboratory IPO
V.L.Infraprojects IPO	VVIP Infratech IPO
RNFI Services IPO	V.L.Infraprojects IPO
Macobs Technologies IPO	Macobs Technologies IPO
Kataria Industries IPO	Kataria Industries IPO
	SAR Televenture FPO
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	Three M Paper Boards IPO

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