Aashka Hospitals IPO vs Rex Pipes IPO

Comparison between Aashka Hospitals IPO and Rex Pipes IPO.

IPO Details

Aashka Hospitals IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rex Pipes IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Aashka Hospitals IPO is up to ₹95.83 Cr whereas the issue size of the Rex Pipes IPO is up to ₹5.93 Cr. The final issue price of Aashka Hospitals IPO is ₹121.00 per share and of Rex Pipes IPO is ₹26.00 per share.

 Aashka Hospitals IPORex Pipes IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹121.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares4000 shares
Fresh Issue Size49,20,000 shares22,80,000 shares
Fresh Issue Size (Amount)up to ₹59.53 Crup to ₹5.93 Cr
OFS Issue Size30,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹36.30 Crup to ₹0.00 Cr
Issue Size Total79,20,000 shares22,80,000 shares
Issue Size Total (Amount)up to ₹95.83 Crup to ₹5.93 Cr

IPO Timetable

Aashka Hospitals IPO opens on Aug 10, 2021, while Rex Pipes IPO opens on Jul 28, 2021. The closing date of Aashka Hospitals IPO and Rex Pipes IPO is Aug 24, 2021, and Aug 02, 2021, respectively.

 Aashka Hospitals IPORex Pipes IPO
Issue OpenAug 10, 2021Jul 28, 2021
Issue CloseAug 24, 2021Aug 02, 2021
Basis Of Allotment (Tentative)Aug 30, 2021Aug 05, 2021
Initiation of Refunds (Tentative)Aug 31, 2021Aug 06, 2021
Credit of Share (Tentative)Aug 31, 2021Aug 09, 2021
Listing date (Tentative)Sep 01, 2021Aug 10, 2021

Financials & KPIs

Aashka Hospitals IPO P/E ratio is , as compared to Rex Pipes IPO P/E ratio of .

 Aashka Hospitals IPORex Pipes IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets65.0860.0554.05
Total Income40.6927.2527.73
Profit After Tax4.111.381.36
EBITDA9.928.629.57
NET Worth29.2524.1915.36
Reserves and Surplus11.256.28-1.80
Total Borrowing21.6727.3925.52
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 202131 Mar 202031 Mar 201931 Mar 2018
Assets38.1133.8332.7127.04
Total Income44.3932.0737.7535.16
Profit After Tax1.010.781.311.27
NET Worth11.4210.429.638.32
Total Borrowing21.0815.4217.2312.17
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.67%84.65%
Promoter Shareholding (Post-Issue)61.28%61.03%
Market Cap₹283.14 Cr.₹22.36 Cr.

Shares Offered

In the Aashka Hospitals IPO Retail Individual Investors (RII) are offered 39,60,000 shares while in Rex Pipes IPO retail investors are offered 39,60,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Aashka Hospitals IPO and in Rex Pipes IPO.

 Aashka Hospitals IPORex Pipes IPO
Anchor Investor Reservation0 shares
Market Maker Reservation4,80,000 shares1,20,000 shares
QIB0 shares
NII39,60,000 shares11,40,000 shares
RII39,60,000 shares11,40,000 shares
Employee0 shares
Total79,20,000 shares22,80,000 shares

Bids Received (Subscription)

Aashka Hospitals IPO subscribed 1.38x in total, whereas Rex Pipes IPO subscribed 23.99x.

 Aashka Hospitals IPORex Pipes IPO
NII (times)2.02x6.84x
RII (times)0.75x41.13x
Total (times)1.38x23.99x

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