Rachana Infrastructure IPO vs Silver Pearl Hospitality IPO

Comparision between Rachana Infrastructure IPO and Silver Pearl Hospitality IPO.

IPO Details

Rachana Infrastructure IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Silver Pearl Hospitality IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Rachana Infrastructure IPO	Silver Pearl Hospitality 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	Interactive Financial Services Ltd	Inventure Merchant Banker Services Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
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 Rachana Infrastructure IPO is up to ₹76.28 Cr whereas the issue size of the Silver Pearl Hospitality IPO is up to ₹9.00 Cr. The final issue price of Rachana Infrastructure IPO is ₹135.00 per share and of Silver Pearl Hospitality IPO is ₹18.00 per share.

	Rachana Infrastructure IPO	Silver Pearl Hospitality IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹135.00 per share	₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	8000 shares
Fresh Issue Size	28,25,000 shares	50,00,000 shares
Fresh Issue Size (Amount)	up to ₹38.14 Cr	up to ₹9.00 Cr
OFS Issue Size	28,25,000 shares
OFS Issue Size (Amount)	up to ₹38.14 Cr
Issue Size Total	56,50,000 shares	50,00,000 shares
Issue Size Total (Amount)	up to ₹76.28 Cr	up to ₹9.00 Cr

IPO Timetable

Rachana Infrastructure IPO opens on May 20, 2022, while Silver Pearl Hospitality IPO opens on Jun 06, 2022. The closing date of Rachana Infrastructure IPO and Silver Pearl Hospitality IPO is Jun 02, 2022, and Jun 09, 2022, respectively.

	Rachana Infrastructure IPO	Silver Pearl Hospitality IPO
Anchor Bid Date
Issue Open	May 20, 2022	Jun 06, 2022
Issue Close	Jun 02, 2022	Jun 09, 2022
Basis Of Allotment (Tentative)		Jun 14, 2022
Initiation of Refunds (Tentative)		Jun 15, 2022
Credit of Share (Tentative)		Jun 16, 2022
Listing date (Tentative)		Jun 17, 2022
Anchor Lockin End date 1		Jul 14, 2022
Anchor Lockin End date 2		Sep 12, 2022

Financials

Rachana Infrastructure IPO P/E ratio is 138, as compared to Silver Pearl Hospitality IPO P/E ratio of 120.

Rachana Infrastructure IPO

Silver Pearl Hospitality IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Lakhs)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	8,784.50	8,043.07	10,618.21	7,981.82
Total Revenue	4,171.07	10,705.67	15,840.55	11,393.32
Profit After Tax	139.85	455.31	597.13	466.45

Silver Pearl Hospitality & Luxury Spaces Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	211.06	29.38	0.48	91.04	55.08
31-Mar-21	244.48	18.41	3.3	94.34	58.38
31-Mar-22	459.79	45.89	11.72	436.92	165.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.44%

75.05%

Promoter Shareholding (Post-Issue)

27.27%

P/E Ratio

138

120

Market Cap

₹256.75 Cr.

₹14.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Rachana Infrastructure IPO retail investors (RII) are offered 26,83,000 shares while in Silver Pearl Hospitality IPO retail investors are offered 26,83,000 shares. Qualified institutional buyers (QIB) are offered in Rachana Infrastructure IPO and in Silver Pearl Hospitality IPO.

	Rachana Infrastructure IPO	Silver Pearl Hospitality IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,84,000 shares	2,64,000 shares
QIB
NII	26,83,000 shares	23,68,000 shares
RII	26,83,000 shares	23,68,000 shares
Employee
Others
Total	53,66,000 shares	47,36,000 shares

Bids Received (Subscription)

Rachana Infrastructure IPO subscribed 1.21x in total, whereas Silver Pearl Hospitality IPO subscribed 1.68x.

	Rachana Infrastructure IPO	Silver Pearl Hospitality IPO
QIB (times)
NII (times)	1.82x	0.80x
Big NII (times)
Small NII (times)
RII (times)	0.60x	2.56x
Employee (times)
Other (times)
Total (times)	1.21x	1.68x

Compare with others

Rachana Infrastructure IPO	Silver Pearl Hospitality IPO
Goel Food Products IPO	Modis Navnirman IPO
Scarnose International IPO	Pearl Green Clubs and Resorts IPO
Silver Pearl Hospitality IPO	KCK Industries IPO
Fidel Softech IPO	Goel Food Products IPO
Globesecure Technologies IPO	Scarnose International IPO
Sonu Infratech IPO	Fidel Softech IPO
Nanavati Ventures IPO	Globesecure Technologies IPO
Fone4 Communications IPO	Rachana Infrastructure IPO
Le Merite Exports IPO	Sonu Infratech IPO
Shashwat Furnishing Solutions IPO	Nanavati Ventures IPO

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