Fone4 Communications IPO vs Rachana Infrastructure IPO

Comparision between Fone4 Communications IPO and Rachana Infrastructure IPO.

IPO Details

Fone4 Communications IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rachana Infrastructure IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Fone4 Communications IPO	Rachana Infrastructure IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Interactive Financial Services Ltd
Registrar	Cameo Corporate Services Limited	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 Fone4 Communications IPO is up to ₹6.80 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹76.28 Cr. The final issue price of Fone4 Communications IPO is ₹10.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

	Fone4 Communications IPO	Rachana Infrastructure IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹10.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	1000 shares
Fresh Issue Size	68,00,000 shares	28,25,000 shares
Fresh Issue Size (Amount)	up to ₹6.80 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	68,00,000 shares	56,50,000 shares
Issue Size Total (Amount)	up to ₹6.80 Cr	up to ₹76.28 Cr

IPO Timetable

Fone4 Communications IPO opens on Apr 25, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Fone4 Communications IPO and Rachana Infrastructure IPO is Apr 27, 2022, and Jun 02, 2022, respectively.

	Fone4 Communications IPO	Rachana Infrastructure IPO
Anchor Bid Date
Issue Open	Apr 25, 2022	May 20, 2022
Issue Close	Apr 27, 2022	Jun 02, 2022
Basis Of Allotment (Tentative)	May 02, 2022
Initiation of Refunds (Tentative)	May 04, 2022
Credit of Share (Tentative)	May 05, 2022
Listing date (Tentative)	May 06, 2022
Anchor Lockin End date 1	Jun 01, 2022
Anchor Lockin End date 2	Jul 31, 2022

Financials

Fone4 Communications IPO P/E ratio is 142.86, as compared to Rachana Infrastructure IPO P/E ratio of 138.

Fone4 Communications IPO

Rachana Infrastructure IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	3162.46	4927.98	16577.39	14225.44
Total Revenue	2626.86	6380.25	5752.19	15242.89
Profit After Tax	-2.24	-10.00	-97.78	-155.34

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)

95.12%

83.44%

Promoter Shareholding (Post-Issue)

57.18%

P/E Ratio

142.86

138

Market Cap

₹17.05 Cr.

₹256.75 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fone4 Communications IPO retail investors (RII) are offered 32,30,000 shares while in Rachana Infrastructure IPO retail investors are offered 32,30,000 shares. Qualified institutional buyers (QIB) are offered in Fone4 Communications IPO and in Rachana Infrastructure IPO.

	Fone4 Communications IPO	Rachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,40,000 shares	2,84,000 shares
QIB
NII	32,30,000 shares	26,83,000 shares
RII	32,30,000 shares	26,83,000 shares
Employee
Others
Total	64,60,000 shares	53,66,000 shares

Bids Received (Subscription)

Fone4 Communications IPO subscribed 14.75x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

	Fone4 Communications IPO	Rachana Infrastructure IPO
QIB (times)
NII (times)	7.43x	1.82x
Big NII (times)
Small NII (times)
RII (times)	22.07x	0.60x
Employee (times)
Other (times)
Total (times)	14.75x	1.21x

Compare with others

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

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