Apex Ecotech IPO vs Rajesh Power IPO

Comparison between Apex Ecotech IPO and Rajesh Power IPO.

IPO Details

Apex Ecotech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajesh Power IPO is a SME Bookbuilding proposed to list at BSE SME.

	Apex Ecotech IPO	Rajesh Power IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Share India Capital Services Pvt.Ltd.	ISK Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Sunflower Broking Pvt.Ltd.
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 Apex Ecotech IPO is up to ₹24.08 Cr whereas the issue size of the Rajesh Power IPO is up to ₹152.29 Cr. The final issue price of Apex Ecotech IPO is ₹73.00 per share and of Rajesh Power IPO is ₹335.00 per share.

	Apex Ecotech IPO	Rajesh Power IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹319.00 per share
Issue Price (Upper)	₹73.00 per share	₹335.00 per share
Issue Price (Final)	₹73.00 per share	₹335.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	400 shares
Fresh Issue Size	32,99,200 shares	25,46,000 shares
Fresh Issue Size (Amount)	up to ₹24.08 Cr	up to ₹85.29 Cr
OFS Issue Size	0 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹67.00 Cr
Issue Size Total	32,99,200 shares	45,46,000 shares
Issue Size Total (Amount)	up to ₹24.08 Cr	up to ₹152.29 Cr

IPO Timetable

Apex Ecotech IPO opens on Nov 27, 2024, while Rajesh Power IPO opens on Nov 25, 2024. The closing date of Apex Ecotech IPO and Rajesh Power IPO is Nov 29, 2024, and Nov 27, 2024, respectively.

	Apex Ecotech IPO	Rajesh Power IPO
Anchor Bid Date	Nov 26, 2024	Nov 22, 2024
Issue Open	Nov 27, 2024	Nov 25, 2024
Issue Close	Nov 29, 2024	Nov 27, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Nov 28, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Nov 29, 2024
Credit of Share (Tentative)	Dec 03, 2024	Nov 29, 2024
Listing date (Tentative)	Dec 04, 2024	Dec 02, 2024
Anchor Lockin End date 1	Dec 31, 2024	Dec 28, 2024
Anchor Lockin End date 2	Mar 01, 2025	Feb 26, 2025

Financials & KPIs

Apex Ecotech IPO P/E ratio is 10.66, as compared to Rajesh Power IPO P/E ratio of 19.59.

Apex Ecotech IPO

Rajesh Power IPO

Financials

Apex Ecotech Limited Financial Information (Restated Standalone)

Apex Ecotech Limited's revenue increased by 53.1% and profit after tax (PAT) rose by 88.31% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,268.00	2,555.93	1,767.81	978.73
Total Income	2,182.60	5,346.49	3,492.06	2,002.86
Profit After Tax	155.26	663.04	352.10	-65.86
Net Worth	1,628.82	1,473.56	722.52	370.43
Reserves and Surplus	660.22	1,376.70	631.16	279.07
Total Borrowing	121.13	42.13	58.24	110.10
Amount in ₹ Lakhs

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33,822.42	24,039.00	19,823.38	17,562.82
Total Income	31,785.09	29,506.07	21,117.57	14,936.84
Profit After Tax	2,768.25	2,602.29	675.15	344.60
Net Worth	11,122.22	8,430.05	5,865.80	5,228.69
Reserves and Surplus	9,600.48	6,908.31	4,344.06	3,706.95
Total Borrowing	7,973.04	7,767.08	5,971.20	6,243.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.32

100

Promoter Shareholding (Post-Issue)

69.29

73.40

P/E Ratio

10.66

19.59

Market Cap

₹96.25 Cr.

₹603.25 Cr.

ROE

10.01%

24.89%

ROCE

12.02%

25.61%

Debt/Equity

0.07

0.92

EPS

₹6.85

₹17.10

RoNW

10.01%

25.47%

Shares Offered

In the Apex Ecotech IPO Retail Individual Investors (RII) are offered 11,55,200 shares while in Rajesh Power IPO retail investors are offered 11,55,200 shares. Qualified Institutional Buyers (QIB) are offered 6,59,200 shares in Apex Ecotech IPO and 9,13,600 shares in Rajesh Power IPO.

	Apex Ecotech IPO	Rajesh Power IPO
Anchor Investor Reserveration	9,88,800 shares	13,36,400 shares
Market Maker Reserveration	2,00,000 shares	2,44,000 shares
QIB	6,59,200 shares	9,13,600 shares
NII	4,96,000 shares	6,91,200 shares
RII	11,55,200 shares	16,04,800 shares
Employee
Others
Total	32,99,200 shares	45,46,000 shares

Bids Received (Subscription)

Apex Ecotech IPO subscribed 457.07x in total, whereas Rajesh Power IPO subscribed 59.00x.

	Apex Ecotech IPO	Rajesh Power IPO
QIB (times)	136.69x	46.39x
NII (times)	1,179.62x	138.46x
Big NII (times)
Small NII (times)
RII (times)	329.65x	31.96x
Employee (times)
Other (times)
Total (times)	457.07x	59.00x

Compare with others

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