RNFI Services IPO vs SAR Televenture FPO

Comparision between RNFI Services IPO and SAR Televenture FPO.

IPO Details

RNFI Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while SAR Televenture FPO is a SME Book Built Issue proposed to list at NSE SME.

	RNFI Services IPO	SAR Televenture FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Choice Capital Advisors Pvt Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Choice Equity Broking Private Limited	Asit C.Mehta Investment Interrmediates Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of RNFI Services IPO is up to ₹70.81 Cr whereas the issue size of the SAR Televenture FPO is up to ₹150.00 Cr. The final issue price of RNFI Services IPO is and of SAR Televenture FPO is .

	RNFI Services IPO	SAR Televenture FPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹98.00 per share	₹200.00 per share
Issue Price (Upper)	₹105.00 per share	₹210.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	500 shares
Fresh Issue Size	67,44,000 shares	71,42,857 shares
Fresh Issue Size (Amount)	up to ₹70.81 Cr	up to ₹150.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	67,44,000 shares	71,42,857 shares
Issue Size Total (Amount)	up to ₹70.81 Cr	up to ₹150.00 Cr

IPO Timetable

RNFI Services IPO opens on Jul 22, 2024, while SAR Televenture FPO opens on Jul 22, 2024. The closing date of RNFI Services IPO and SAR Televenture FPO is Jul 24, 2024, and Jul 24, 2024, respectively.

	RNFI Services IPO	SAR Televenture FPO
Anchor Bid Date	Jul 19, 2024	Jul 19, 2024
Issue Open	Jul 22, 2024	Jul 22, 2024
Issue Close	Jul 24, 2024	Jul 24, 2024
Basis Of Allotment (Tentative)	Jul 25, 2024	Jul 25, 2024
Initiation of Refunds (Tentative)	Jul 26, 2024	Jul 26, 2024
Credit of Share (Tentative)	Jul 26, 2024	Jul 26, 2024
Listing date (Tentative)	Jul 29, 2024	Jul 29, 2024
Anchor Lockin End date 1	Aug 24, 2024	Aug 24, 2024
Anchor Lockin End date 2	Oct 23, 2024	Oct 23, 2024

Financials

RNFI Services IPO P/E ratio is 19.19, as compared to SAR Televenture FPO P/E ratio of 14.79.

RNFI Services IPO

SAR Televenture FPO

Financial

RNFI Services Limited Financial Information (Restated Consolidated)

RNFI Services Limited's revenue increased by 49.52% 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	3,200.71	2,140.67	1,369.32
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	3,250.59	1,935.39	1,165.36
Amount in ₹ Lakhs

SAR Televenture Limited Financial Information (Restated Consolidated)

SAR Televenture Limited 's revenue increased by 281.87% and profit after tax (PAT) rose by 297.92% 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	26,641.86	2,422.42	410.83
Revenue	12,416.97	3,251.63	475.35
Profit After Tax	1,566.17	393.59	3.71
Net Worth	7,180.41	1,185.59	-7.74
Reserves and Surplus	6,880.41	1,120.30	-11.91
Total Borrowing	17,787.41	444.41	337.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.53%

66.27%

Promoter Shareholding (Post-Issue)

P/E Ratio

19.19

14.79

Market Cap

₹262.00 Cr.

ROE

21.81%%

ROCE

29.74%%

6.63%%

Debt/Equity

1.02

2.48

EPS

₹5.47

RoNW

40.92%%

21.81%%

Shares Offered

In the RNFI Services IPO retail investors (RII) are offered while in SAR Televenture FPO retail investors are offered . Qualified institutional buyers (QIB) are offered in RNFI Services IPO and in SAR Televenture FPO.

	RNFI Services IPO	SAR Televenture FPO
Anchor Investor Reserveration	19,08,000 shares
Market Maker Reserveration	3,84,000 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

RNFI Services IPO subscribed in total, whereas SAR Televenture FPO subscribed .

	RNFI Services IPO	SAR Televenture FPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

RNFI Services IPO	SAR Televenture FPO
Clinitech Laboratory IPO	VVIP Infratech IPO
VVIP Infratech IPO	V.L.Infraprojects IPO
V.L.Infraprojects IPO	RNFI Services IPO
Macobs Technologies IPO	Macobs Technologies IPO
Kataria Industries IPO	Kataria Industries IPO
SAR Televenture FPO	Tunwal E-Motors IPO
Tunwal E-Motors IPO	Three M Paper Boards IPO
Three M Paper Boards IPO	Prizor Viztech IPO
	Sati Poly Plast IPO
	Sahaj Solar IPO

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