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	Inventure Merchant Banker Services Pvt Ltd	Choice Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Svcm Securities Private Limited	Choice Equity Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	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 ₹105.00 per share.

	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	₹105.00 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 43.45, 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 increased by 1.19% and profit after tax (PAT) dropped by -39.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	560.79	603.33	368.74	273.32
Revenue	643.92	636.34	645.70	459.63
Profit After Tax	37.12	61.31	51.26	40.24
Net Worth	354.80	238.08	184.81	139.03
Reserves and Surplus	186.80	88.08	34.81	72.37
Total Borrowing	86.31	102.91	88.61	53.67
Amount in ₹ Lakhs

RNFI Services Limited Financial Information (Restated Consolidated)

RNFI Services Limited's revenue decreased by -11.81% 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	94,305.10	106,939.62	19,079.93
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	3,638.87	2,118.75	1,264.05
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.63%

89.53%

Promoter Shareholding (Post-Issue)

61.56%

P/E Ratio

43.45

19.19

Market Cap

₹21.91 Cr.

₹262.00 Cr.

ROE

ROCE

29.74%%

Debt/Equity

0.24

1.02

EPS

₹2.21

₹5.47

RoNW

10.46%%

40.92%%

Shares Offered

In the Clinitech Laboratory IPO retail investors (RII) are offered 3,01,200 shares while in RNFI Services IPO retail investors are offered 3,01,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Clinitech Laboratory IPO and 12,72,000 shares 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	0 shares	12,72,000 shares
NII	3,01,200 shares	9,54,000 shares
RII	3,01,200 shares	22,26,000 shares
Employee	0 shares	0 shares
Others
Total	5,71,200 shares	44,52,000 shares

Bids Received (Subscription)

Clinitech Laboratory IPO subscribed 38.96x in total, whereas RNFI Services IPO subscribed 221.49x.

	Clinitech Laboratory IPO	RNFI Services IPO
QIB (times)		140.66x
NII (times)	23.28x	513.31x
Big NII (times)
Small NII (times)
RII (times)	49.61x	142.62x
Employee (times)
Other (times)
Total (times)	38.96x	221.49x

Compare with others

Clinitech Laboratory IPO	RNFI Services IPO
Esprit Stones IPO	Manglam Infra And Engineering IPO
S A Tech Software India IPO	Chetana Education IPO
Aprameya Engineering IPO	Clinitech Laboratory IPO
Manglam Infra And Engineering IPO	VVIP Infratech IPO
Chetana Education IPO	V.L.Infraprojects IPO
VVIP Infratech IPO	Macobs Technologies IPO
V.L.Infraprojects IPO	Kataria Industries IPO
RNFI Services IPO	SAR Televenture FPO
Macobs Technologies IPO	Tunwal E-Motors IPO
Kataria Industries IPO	Three M Paper Boards IPO

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