Kandarp Digi Smart BPO IPO vs Varanium Cloud IPO

Comparision between Kandarp Digi Smart BPO IPO and Varanium Cloud IPO.

IPO Details

Kandarp Digi Smart BPO IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Varanium Cloud IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Kandarp Digi Smart BPO IPO	Varanium Cloud IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	First Overseas Capital Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services 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 Kandarp Digi Smart BPO IPO is up to ₹8.10 Cr whereas the issue size of the Varanium Cloud IPO is up to ₹36.60 Cr. The final issue price of Kandarp Digi Smart BPO IPO is ₹30.00 per share and of Varanium Cloud IPO is ₹122.00 per share.

	Kandarp Digi Smart BPO IPO	Varanium Cloud IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹122.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1000 shares
Fresh Issue Size	27,00,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹8.10 Cr	up to ₹36.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,00,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹8.10 Cr	up to ₹36.60 Cr

IPO Timetable

Kandarp Digi Smart BPO IPO opens on Sep 16, 2022, while Varanium Cloud IPO opens on Sep 16, 2022. The closing date of Kandarp Digi Smart BPO IPO and Varanium Cloud IPO is Sep 20, 2022, and Sep 20, 2022, respectively.

	Kandarp Digi Smart BPO IPO	Varanium Cloud IPO
Anchor Bid Date
Issue Open	Sep 16, 2022	Sep 16, 2022
Issue Close	Sep 20, 2022	Sep 20, 2022
Basis Of Allotment (Tentative)	Sep 23, 2022	Sep 23, 2022
Initiation of Refunds (Tentative)	Sep 26, 2022	Sep 26, 2022
Credit of Share (Tentative)	Sep 27, 2022	Sep 27, 2022
Listing date (Tentative)	Sep 28, 2022	Sep 27, 2022
Anchor Lockin End date 1	Oct 23, 2022	Oct 23, 2022
Anchor Lockin End date 2	Dec 22, 2022	Dec 22, 2022

Financials

Kandarp Digi Smart BPO IPO P/E ratio is 28.57, as compared to Varanium Cloud IPO P/E ratio of 14.59.

Kandarp Digi Smart BPO IPO

Varanium Cloud IPO

Financial

Kandarp Digi Smart BPO Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	928.15	1106.67	148.09	578.48	508.78
31-Mar-20	1191.15	1012.59	111.54	690.02	620.32
31-Mar-21	1719.64	1053.55	10.56	700.58	630.88
31-Mar-22	1860.42	1287.84	94.04	785.8	158.5
Amount in ₹ Lakhs

Varanium Cloud Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	765.39	12.44	-148.9	185.74	0
31-Mar-21	833.09	419.51	289.25	327.3	0
31-Mar-22	4066.68	3535.21	840.19	1512.49	877.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

69.91%

P/E Ratio

28.57

14.59

Market Cap

₹26.92 Cr.

₹122.63 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Kandarp Digi Smart BPO IPO retail investors (RII) are offered 12,80,000 shares while in Varanium Cloud IPO retail investors are offered 12,80,000 shares. Qualified institutional buyers (QIB) are offered in Kandarp Digi Smart BPO IPO and in Varanium Cloud IPO.

	Kandarp Digi Smart BPO IPO	Varanium Cloud IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,40,000 shares	4,86,000 shares
QIB
NII	12,80,000 shares	12,57,000 shares
RII	12,80,000 shares	12,57,000 shares
Employee
Others
Total	25,60,000 shares	25,14,000 shares

Bids Received (Subscription)

Kandarp Digi Smart BPO IPO subscribed 1.84x in total, whereas Varanium Cloud IPO subscribed 5.46x.

	Kandarp Digi Smart BPO IPO	Varanium Cloud IPO
QIB (times)
NII (times)	0.88x	5.83x
Big NII (times)
Small NII (times)
RII (times)	2.80x	5.09x
Employee (times)
Other (times)
Total (times)	1.84x	5.46x

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Insolation Energy IPO	Kandarp Digi Smart BPO IPO
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Maks Energy IPO	Tapi Fruit Processing IPO
Varanium Cloud IPO	Annapurna Swadisht IPO
Tapi Fruit Processing IPO	Ishan International IPO
Annapurna Swadisht IPO	Sabar Flex India IPO
Ishan International IPO	Shantidoot Infra Services IPO

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