Maks Energy IPO vs Varanium Cloud IPO

Comparision between Maks Energy IPO and Varanium Cloud IPO.

IPO Details

Maks Energy IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Varanium Cloud IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Maks Energy IPO	Varanium Cloud 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	Sun Capital Advisory Services (P) Ltd	First Overseas Capital Limited
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 Maks Energy IPO is up to ₹4.00 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹36.60 Cr. The final issue price of Maks Energy IPO is ₹20.00 per share and of Varanium Cloud IPO is ₹122.00 per share.

	Maks Energy IPO	Varanium Cloud IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹20.00 per share	₹122.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	1000 shares
Fresh Issue Size	19,98,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹4.00 Cr	up to ₹36.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	19,98,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹4.00 Cr	up to ₹36.60 Cr

IPO Timetable

Maks Energy IPO opens on Sep 16, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Maks Energy IPO and Varanium Cloud IPO is Sep 20, 2022, and Sep 20, 2022, respectively.

	Maks Energy IPO	Varanium Cloud IPO
Anchor Bid Date
Issue Open	Sep 16, 2022	Sep 16, 2022
Issue Close	Sep 20, 2022	Sep 20, 2022
Basis Of Allotment (Tentative)	Sep 23, 2022	Sep 23, 2022
Initiation of Refunds (Tentative)	Sep 26, 2022	Sep 26, 2022
Credit of Share (Tentative)	Sep 26, 2022	Sep 27, 2022
Listing date (Tentative)	Sep 28, 2022	Sep 27, 2022
Anchor Lockin End date 1	Oct 23, 2022	Oct 23, 2022
Anchor Lockin End date 2	Dec 22, 2022	Dec 22, 2022

Financials

Maks Energy IPO P/E ratio is , as compared to Varanium Cloud IPO P/E ratio of 14.59.

Maks Energy IPO

Varanium Cloud IPO

Financial

Maks Energy Solutions India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	4230.54	4335.03	168.77
31-Mar-21	4114.73	2091.75	-0.8
31-Mar-22	3586.58	2824.66	51.34
Amount in ₹ Lakhs

Varanium Cloud Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	765.39	12.44	-148.9	185.74	0
31-Mar-21	833.09	419.51	289.25	327.3	0
31-Mar-22	4066.68	3535.21	840.19	1512.49	877.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

71.19%

P/E Ratio

14.59

Market Cap

₹13.87 Cr.

₹122.63 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Maks Energy IPO retail investors (RII) are offered 9,48,000 shares while in Varanium Cloud IPO retail investors are offered 9,48,000 shares. Qualified institutional buyers (QIB) are offered in Maks Energy IPO and in Varanium Cloud IPO.

	Maks Energy IPO	Varanium Cloud IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,02,000 shares	4,86,000 shares
QIB
NII	9,48,000 shares	12,57,000 shares
RII	9,48,000 shares	12,57,000 shares
Employee
Others
Total	18,96,000 shares	25,14,000 shares

Bids Received (Subscription)

Maks Energy IPO subscribed 26.31x in total, whereas Varanium Cloud IPO subscribed 5.46x.

	Maks Energy IPO	Varanium Cloud IPO
QIB (times)
NII (times)	36.20x	5.83x
Big NII (times)
Small NII (times)
RII (times)	16.43x	5.09x
Employee (times)
Other (times)
Total (times)	26.31x	5.46x

Compare with others

Maks Energy IPO	Varanium Cloud IPO
Cyber Media Research IPO	Mafia Trends IPO
Mafia Trends IPO	Insolation Energy IPO
Insolation Energy IPO	Containe Technologies IPO
Containe Technologies IPO	Kandarp Digi Smart BPO IPO
Kandarp Digi Smart BPO IPO	Maks Energy IPO
Varanium Cloud IPO	Tapi Fruit Processing IPO
Tapi Fruit Processing IPO	Annapurna Swadisht IPO
Annapurna Swadisht IPO	Ishan International IPO
Ishan International IPO	Sabar Flex India IPO
Sabar Flex India IPO	Shantidoot Infra Services IPO

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