RNFI Services IPO vs V.L.Infraprojects IPO

Comparision between RNFI Services IPO and V.L.Infraprojects IPO.

IPO Details

RNFI Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while V.L.Infraprojects IPO is a SME Book Built Issue proposed to list at NSE SME.

	RNFI Services IPO	V.L.Infraprojects IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Choice Capital Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Choice Equity Broking Private Limited	Spread X Securities Private Limited
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 V.L.Infraprojects IPO is up to ₹18.52 Cr. The final issue price of RNFI Services IPO is ₹105.00 per share and of V.L.Infraprojects IPO is ₹42.00 per share.

	RNFI Services IPO	V.L.Infraprojects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹98.00 per share	₹39.00 per share
Issue Price (Upper)	₹105.00 per share	₹42.00 per share
Issue Price (Final)	₹105.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	67,44,000 shares	44,10,000 shares
Fresh Issue Size (Amount)	up to ₹70.81 Cr	up to ₹18.52 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	67,44,000 shares	44,10,000 shares
Issue Size Total (Amount)	up to ₹70.81 Cr	up to ₹18.52 Cr

IPO Timetable

RNFI Services IPO opens on Jul 22, 2024, while V.L.Infraprojects IPO opens on Jul 23, 2024. The closing date of RNFI Services IPO and V.L.Infraprojects IPO is Jul 24, 2024, and Jul 25, 2024, respectively.

	RNFI Services IPO	V.L.Infraprojects IPO
Anchor Bid Date	Jul 19, 2024	Jul 22, 2024
Issue Open	Jul 22, 2024	Jul 23, 2024
Issue Close	Jul 24, 2024	Jul 25, 2024
Basis Of Allotment (Tentative)	Jul 25, 2024	Jul 26, 2024
Initiation of Refunds (Tentative)	Jul 26, 2024	Jul 29, 2024
Credit of Share (Tentative)	Jul 26, 2024	Jul 29, 2024
Listing date (Tentative)	Jul 29, 2024	Jul 30, 2024
Anchor Lockin End date 1	Aug 24, 2024	Aug 25, 2024
Anchor Lockin End date 2	Oct 23, 2024	Oct 24, 2024

Financials

RNFI Services IPO P/E ratio is 19.19, as compared to V.L.Infraprojects IPO P/E ratio of 7.73.

RNFI Services IPO

V.L.Infraprojects 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

V.L.Infraprojects Limited Financial Information (Restated)

V.L.Infraprojects Limited's revenue increased by 149.72% and profit after tax (PAT) rose by 175.76% 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	5,691.39	2,836.24	1,955.40	1,641.29
Revenue	11,400.05	4,565.14	3,560.70	3,077.57
Profit After Tax	614.01	222.66	110.58	83.37
Net Worth	1,636.01	1,022.00	730.84	620.26
Reserves and Surplus	505.76	268.50	456.84	346.26
Total Borrowing	1,654.81	999.02	1,003.52	659.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.53%

90.91%

Promoter Shareholding (Post-Issue)

65.39%

P/E Ratio

19.19

7.73

Market Cap

₹262.00 Cr.

₹65.99 Cr.

ROE

46.20%%

ROCE

29.74%%

39.09%%

Debt/Equity

1.02

EPS

₹5.47

₹5.43

RoNW

40.92%%

37.53%%

Shares Offered

In the RNFI Services IPO retail investors (RII) are offered 22,26,000 shares while in V.L.Infraprojects IPO retail investors are offered 22,26,000 shares. Qualified institutional buyers (QIB) are offered 12,72,000 shares in RNFI Services IPO and 8,34,000 shares in V.L.Infraprojects IPO.

	RNFI Services IPO	V.L.Infraprojects IPO
Anchor Investor Reserveration	19,08,000 shares	12,48,000 shares
Market Maker Reserveration	3,84,000 shares	2,40,000 shares
QIB	12,72,000 shares	8,34,000 shares
NII	9,54,000 shares	6,27,000 shares
RII	22,26,000 shares	14,61,000 shares
Employee	0 shares	0 shares
Others
Total	44,52,000 shares	29,22,000 shares

Bids Received (Subscription)

RNFI Services IPO subscribed 221.49x in total, whereas V.L.Infraprojects IPO subscribed 636.17x.

	RNFI Services IPO	V.L.Infraprojects IPO
QIB (times)	140.66x	203.73x
NII (times)	513.31x	726.56x
Big NII (times)
Small NII (times)
RII (times)	142.62x	844.22x
Employee (times)
Other (times)
Total (times)	221.49x	636.17x

Compare with others

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

Comments

Add a public comment...