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Fone4 Communications IPO vs Shashwat Furnishing Solutions IPO

Comparision between Fone4 Communications IPO and Shashwat Furnishing Solutions IPO.

IPO Details

Fone4 Communications IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shashwat Furnishing Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Fone4 Communications IPO Shashwat Furnishing Solutions IPO
Logo Fone4 Communications IPO Logo Shashwat Furnishing Solutions IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Finshore Management Services Limited Beeline Broking Ltd
Registrar Cameo Corporate Services Limited Kfin Technologies Limited
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 Shashwat Furnishing Solutions IPO is up to ₹2.51 Cr. The final issue price of Fone4 Communications IPO is ₹10.00 per share and of Shashwat Furnishing Solutions IPO is ₹45.00 per share.

  Fone4 Communications IPO Shashwat Furnishing Solutions IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹10.00 per share ₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 10000 shares 3000 shares
Fresh Issue Size 68,00,000 shares 5,58,000 shares
Fresh Issue Size (Amount) up to ₹6.80 Cr up to ₹2.51 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 68,00,000 shares 5,58,000 shares
Issue Size Total (Amount) up to ₹6.80 Cr up to ₹2.51 Cr

IPO Timetable

Fone4 Communications IPO opens on Apr 25, 2022, while Shashwat Furnishing Solutions IPO opens on Apr 20, 2022. The closing date of Fone4 Communications IPO and Shashwat Furnishing Solutions IPO is Apr 27, 2022, and Apr 25, 2022, respectively.

  Fone4 Communications IPO Shashwat Furnishing Solutions IPO
Anchor Bid Date
Issue Open Apr 25, 2022 Apr 20, 2022
Issue Close Apr 27, 2022 Apr 25, 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 Shashwat Furnishing Solutions IPO P/E ratio of 53.6.

  Fone4 Communications IPO Shashwat Furnishing Solutions 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 Statements)
Particulars For the year/period ended (Rs in Lakhs)
28-Feb-22
Total Assets 234.44
Total Revenue 123.46
Profit After Tax 16.10
Promoter Shareholding (Pre-Issue) 95.12% 100%
Promoter Shareholding (Post-Issue) 57.18% 73.28%
P/E Ratio 142.86 53.6
Market Cap ₹17.05 Cr. ₹9.40 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 Shashwat Furnishing Solutions IPO retail investors are offered 32,30,000 shares. Qualified institutional buyers (QIB) are offered in Fone4 Communications IPO and in Shashwat Furnishing Solutions IPO.

  Fone4 Communications IPO Shashwat Furnishing Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,40,000 shares 30,000 shares
QIB
NII 32,30,000 shares 2,64,000 shares
RII 32,30,000 shares 2,64,000 shares
Employee
Others
Total 64,60,000 shares 5,28,000 shares

Bids Received (Subscription)

Fone4 Communications IPO subscribed 14.75x in total, whereas Shashwat Furnishing Solutions IPO subscribed 4.62x.

  Fone4 Communications IPO Shashwat Furnishing Solutions IPO
QIB (times)
NII (times) 7.43x 2.43x
Big NII (times)
Small NII (times)
RII (times) 22.07x 6.81x
Employee (times)
Other (times)
Total (times) 14.75x 4.62x

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