RNFI Services IPO vs Three M Paper Boards IPO

Comparision between RNFI Services IPO and Three M Paper Boards IPO.

IPO Details

RNFI Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Three M Paper Boards IPO is a SME Book Built Issue proposed to list at BSE SME.

	RNFI Services IPO	Three M Paper Boards IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Choice Capital Advisors Pvt Ltd	Comfort Securities Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Choice Equity Broking Private Limited	Comfort Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	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 Three M Paper Boards IPO is up to ₹39.83 Cr. The final issue price of RNFI Services IPO is ₹105.00 per share and of Three M Paper Boards IPO is ₹69.00 per share.

	RNFI Services IPO	Three M Paper Boards IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹98.00 per share	₹67.00 per share
Issue Price (Upper)	₹105.00 per share	₹69.00 per share
Issue Price (Final)	₹105.00 per share	₹69.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	67,44,000 shares	57,72,000 shares
Fresh Issue Size (Amount)	up to ₹70.81 Cr	up to ₹39.83 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	67,44,000 shares	57,72,000 shares
Issue Size Total (Amount)	up to ₹70.81 Cr	up to ₹39.83 Cr

IPO Timetable

RNFI Services IPO opens on Jul 22, 2024, while Three M Paper Boards IPO opens on Jul 12, 2024. The closing date of RNFI Services IPO and Three M Paper Boards IPO is Jul 24, 2024, and Jul 16, 2024, respectively.

	RNFI Services IPO	Three M Paper Boards IPO
Anchor Bid Date	Jul 19, 2024	Jul 11, 2024
Issue Open	Jul 22, 2024	Jul 12, 2024
Issue Close	Jul 24, 2024	Jul 16, 2024
Basis Of Allotment (Tentative)	Jul 25, 2024	Jul 18, 2024
Initiation of Refunds (Tentative)	Jul 26, 2024	Jul 19, 2024
Credit of Share (Tentative)	Jul 26, 2024	Jul 19, 2024
Listing date (Tentative)	Jul 29, 2024	Jul 22, 2024
Anchor Lockin End date 1	Aug 24, 2024	Aug 17, 2024
Anchor Lockin End date 2	Oct 23, 2024	Oct 16, 2024

Financials

RNFI Services IPO P/E ratio is 19.19, as compared to Three M Paper Boards IPO P/E ratio of 8.19.

RNFI Services IPO

Three M Paper Boards IPO

Financial

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

Three M Paper Boards Limited Financial Information (Restated Consolidated)

Three M Paper Boards Limited's revenue decreased by -16.3% and profit after tax (PAT) rose by 71.53% 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	19,519.88	18,942.55	18,150.44	14,225.50
Revenue	27,601.56	32,974.92	31,600.49	16,552.14
Profit After Tax	1,134.72	661.53	327.56	172.63
Net Worth	6,110.39	4,725.67	4,064.14	3,736.58
Reserves and Surplus	4,763.85	4,070.65	3,409.12	3,081.56
Total Borrowing	7,264.08	8,182.40	7,802.06	5,353.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.53%

100.00%

Promoter Shareholding (Post-Issue)

70.00%

P/E Ratio

19.19

8.19

Market Cap

₹262.00 Cr.

₹132.74 Cr.

ROE

18.57%%

ROCE

29.74%%

19.71%%

Debt/Equity

1.02

1.19

EPS

₹5.47

₹8.43

RoNW

40.92%%

18.51%%

Shares Offered

In the RNFI Services IPO retail investors (RII) are offered 22,26,000 shares while in Three M Paper Boards IPO retail investors are offered 22,26,000 shares. Qualified institutional buyers (QIB) are offered 12,72,000 shares in RNFI Services IPO and 10,96,000 shares in Three M Paper Boards IPO.

	RNFI Services IPO	Three M Paper Boards IPO
Anchor Investor Reserveration	19,08,000 shares	16,42,000 shares
Market Maker Reserveration	3,84,000 shares	2,90,000 shares
QIB	12,72,000 shares	10,96,000 shares
NII	9,54,000 shares	8,24,000 shares
RII	22,26,000 shares	19,20,000 shares
Employee	0 shares	0 shares
Others
Total	44,52,000 shares	38,40,000 shares

Bids Received (Subscription)

RNFI Services IPO subscribed 221.49x in total, whereas Three M Paper Boards IPO subscribed 171.33x.

	RNFI Services IPO	Three M Paper Boards IPO
QIB (times)	140.66x	79.37x
NII (times)	513.31x	284.67x
Big NII (times)
Small NII (times)
RII (times)	142.62x	175.19x
Employee (times)
Other (times)
Total (times)	221.49x	171.33x

Compare with others

RNFI Services IPO	Three M Paper Boards IPO
Manglam Infra And Engineering IPO	RNFI Services IPO
Chetana Education IPO	Macobs Technologies IPO
Clinitech Laboratory IPO	Kataria Industries IPO
VVIP Infratech IPO	SAR Televenture FPO
V.L.Infraprojects IPO	Tunwal E-Motors IPO
Macobs Technologies IPO	Prizor Viztech IPO
Kataria Industries IPO	Sati Poly Plast IPO
SAR Televenture FPO	Sahaj Solar IPO
Tunwal E-Motors IPO	Aelea Commodities IPO
Three M Paper Boards IPO	Ganesh Green Bharat IPO

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