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
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 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)		₹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 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

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 while in Three M Paper Boards IPO retail investors are offered . Qualified institutional buyers (QIB) are offered 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		10,96,000 shares
NII		8,24,000 shares
RII		19,20,000 shares
Employee		0 shares
Others
Total		38,40,000 shares

Bids Received (Subscription)

RNFI Services IPO subscribed in total, whereas Three M Paper Boards IPO subscribed 84.86x.

	RNFI Services IPO	Three M Paper Boards IPO
QIB (times)		15.05x
NII (times)		95.72x
Big NII (times)
Small NII (times)
RII (times)		120.05x
Employee (times)
Other (times)
Total (times)		84.86x

Compare with others

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

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