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Fidel Softech IPO vs Rachana Infrastructure IPO

Comparision between Fidel Softech IPO and Rachana Infrastructure IPO.

IPO Details

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

  Fidel Softech IPO Rachana Infrastructure IPO
Logo Fidel Softech IPO Logo Rachana Infrastructure 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 Shreni Shares Limited Interactive Financial Services Ltd
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 Fidel Softech IPO is up to ₹13.51 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹76.28 Cr. The final issue price of Fidel Softech IPO is ₹37.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

  Fidel Softech IPO Rachana Infrastructure IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹37.00 per share ₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1000 shares
Fresh Issue Size 36,50,000 shares 28,25,000 shares
Fresh Issue Size (Amount) up to ₹13.51 Cr up to ₹38.14 Cr
OFS Issue Size 28,25,000 shares
OFS Issue Size (Amount) up to ₹38.14 Cr
Issue Size Total 36,50,000 shares 56,50,000 shares
Issue Size Total (Amount) up to ₹13.51 Cr up to ₹76.28 Cr

IPO Timetable

Fidel Softech IPO opens on May 30, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Fidel Softech IPO and Rachana Infrastructure IPO is Jun 02, 2022, and Jun 02, 2022, respectively.

  Fidel Softech IPO Rachana Infrastructure IPO
Anchor Bid Date
Issue Open May 30, 2022 May 20, 2022
Issue Close Jun 02, 2022 Jun 02, 2022
Basis Of Allotment (Tentative) Jun 07, 2022
Initiation of Refunds (Tentative) Jun 08, 2022
Credit of Share (Tentative) Jun 09, 2022
Listing date (Tentative) Jun 10, 2022
Anchor Lockin End date 1 Jul 07, 2022
Anchor Lockin End date 2 Sep 05, 2022

Financials

Fidel Softech IPO P/E ratio is 11.15, as compared to Rachana Infrastructure IPO P/E ratio of 138.

  Fidel Softech IPO Rachana Infrastructure IPO
Financial
Fidel Softech Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201005.52280.4314.7686.67661.42
31-Mar-211758.12620.63451031.681006.43
31-Mar-222010.32686.7456.51488.01477.93
Amount in ₹ Lakhs
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
Promoter Shareholding (Pre-Issue) 98.98% 83.44%
Promoter Shareholding (Post-Issue) 72.72%
P/E Ratio 11.15 138
Market Cap ₹50.88 Cr. ₹256.75 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Fidel Softech IPO retail investors (RII) are offered 17,31,000 shares while in Rachana Infrastructure IPO retail investors are offered 17,31,000 shares. Qualified institutional buyers (QIB) are offered in Fidel Softech IPO and in Rachana Infrastructure IPO.

  Fidel Softech IPO Rachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,86,000 shares 2,84,000 shares
QIB
NII 17,31,000 shares 26,83,000 shares
RII 17,31,000 shares 26,83,000 shares
Employee
Others
Total 34,62,000 shares 53,66,000 shares

Bids Received (Subscription)

Fidel Softech IPO subscribed 102.89x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

  Fidel Softech IPO Rachana Infrastructure IPO
QIB (times)
NII (times) 138.34x 1.82x
Big NII (times)
Small NII (times)
RII (times) 67.44x 0.60x
Employee (times)
Other (times)
Total (times) 102.89x 1.21x

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