Fidel Softech IPO vs Scarnose International IPO

Comparision between Fidel Softech IPO and Scarnose International IPO.

IPO Details

Fidel Softech IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Scarnose International IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Fidel Softech IPO	Scarnose International IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Fidel Softech IPO is up to ₹13.51 Cr whereas the issue size of the Scarnose International IPO is up to ₹6.60 Cr. The final issue price of Fidel Softech IPO is ₹37.00 per share and of Scarnose International IPO is ₹55.00 per share.

	Fidel Softech IPO	Scarnose International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹37.00 per share	₹55.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	36,50,000 shares	12,00,000 shares
Fresh Issue Size (Amount)	up to ₹13.51 Cr	up to ₹6.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,50,000 shares	12,00,000 shares
Issue Size Total (Amount)	up to ₹13.51 Cr	up to ₹6.60 Cr

IPO Timetable

Fidel Softech IPO opens on May 30, 2022, while Scarnose International IPO opens on Jun 14, 2022. The closing date of Fidel Softech IPO and Scarnose International IPO is Jun 02, 2022, and Jun 17, 2022, respectively.

	Fidel Softech IPO	Scarnose International IPO
Anchor Bid Date
Issue Open	May 30, 2022	Jun 14, 2022
Issue Close	Jun 02, 2022	Jun 17, 2022
Basis Of Allotment (Tentative)	Jun 07, 2022	Jun 22, 2022
Initiation of Refunds (Tentative)	Jun 08, 2022	Jun 23, 2022
Credit of Share (Tentative)	Jun 09, 2022	Jun 24, 2022
Listing date (Tentative)	Jun 10, 2022	Jun 27, 2022
Anchor Lockin End date 1	Jul 07, 2022	Jul 22, 2022
Anchor Lockin End date 2	Sep 05, 2022	Sep 20, 2022

Financials

Fidel Softech IPO P/E ratio is 11.15, as compared to Scarnose International IPO P/E ratio of 51.89.

Fidel Softech IPO

Scarnose International IPO

Financial

Fidel Softech Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1005.5	2280.4	314.7	686.67	661.42
31-Mar-21	1758.1	2620.6	345	1031.68	1006.43
31-Mar-22	2010.3	2686.7	456.5	1488.01	477.93
Amount in ₹ Lakhs

Scarnose International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1204.91	1204.56	2.81	4.05	3.04
31-Mar-21	457.8	3255.72	22.51	190.55	148.55
31-Mar-22	1242.25	9593.02	33.42	339	143.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.98%

99.99%

Promoter Shareholding (Post-Issue)

72.72%

61.90%

P/E Ratio

11.15

51.89

Market Cap

₹50.88 Cr.

₹17.33 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fidel Softech IPO retail investors (RII) are offered 17,31,000 shares while in Scarnose International IPO retail investors are offered 17,31,000 shares. Qualified institutional buyers (QIB) are offered in Fidel Softech IPO and in Scarnose International IPO.

	Fidel Softech IPO	Scarnose International IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,86,000 shares	60,000 shares
QIB
NII	17,31,000 shares	5,70,000 shares
RII	17,31,000 shares	5,70,000 shares
Employee
Others
Total	34,62,000 shares	11,40,000 shares

Bids Received (Subscription)

Fidel Softech IPO subscribed 102.89x in total, whereas Scarnose International IPO subscribed 2.22x.

	Fidel Softech IPO	Scarnose International IPO
QIB (times)
NII (times)	138.34x	2.09x
Big NII (times)
Small NII (times)
RII (times)	67.44x	2.34x
Employee (times)
Other (times)
Total (times)	102.89x	2.22x

Compare with others

Fidel Softech IPO	Scarnose International IPO
Pearl Green Clubs and Resorts IPO	Mangalam Worldwide IPO
KCK Industries IPO	Modis Navnirman IPO
Goel Food Products IPO	Pearl Green Clubs and Resorts IPO
Scarnose International IPO	KCK Industries IPO
Silver Pearl Hospitality IPO	Goel Food Products IPO
Globesecure Technologies IPO	Silver Pearl Hospitality IPO
Rachana Infrastructure IPO	Fidel Softech IPO
Sonu Infratech IPO	Globesecure Technologies IPO
Nanavati Ventures IPO	Rachana Infrastructure IPO
Fone4 Communications IPO	Sonu Infratech IPO

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