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.

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 IPORajesh 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 Size1600 shares400 shares
Fresh Issue Size32,99,200 shares25,46,000 shares
Fresh Issue Size (Amount)up to ₹24.08 Crup to ₹85.29 Cr
OFS Issue Size0 shares20,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹67.00 Cr
Issue Size Total32,99,200 shares45,46,000 shares
Issue Size Total (Amount)up to ₹24.08 Crup 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 IPORajesh Power IPO
Anchor Bid DateNov 26, 2024Nov 22, 2024
Issue OpenNov 27, 2024Nov 25, 2024
Issue CloseNov 29, 2024Nov 27, 2024
Basis Of Allotment (Tentative)Dec 02, 2024Nov 28, 2024
Initiation of Refunds (Tentative)Dec 03, 2024Nov 29, 2024
Credit of Share (Tentative)Dec 03, 2024Nov 29, 2024
Listing date (Tentative)Dec 04, 2024Dec 02, 2024
Anchor Lockin End date 1Dec 31, 2024Dec 28, 2024
Anchor Lockin End date 2Mar 01, 2025Feb 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 IPORajesh Power IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets32.6825.5617.689.79
Total Income21.8353.4634.9220.03
Profit After Tax1.556.633.52-0.66
NET Worth16.2914.747.233.70
Reserves and Surplus6.6013.776.312.79
Total Borrowing1.210.420.581.10
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets338.22240.39198.23175.63
Total Income317.85295.06211.18149.37
Profit After Tax27.6826.026.753.45
NET Worth111.2284.3058.6652.29
Reserves and Surplus96.0069.0843.4437.07
Total Borrowing79.7377.6759.7162.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.32100
Promoter Shareholding (Post-Issue)69.2973.4
P/E Ratio10.6619.59
Market Cap₹96.25 Cr.₹603.25 Cr.
ROE10.0124.89
ROCE12.0225.61
Debt/Equity0.070.92
EPS₹6.85₹17.10
RoNW10.0125.47

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 IPORajesh Power IPO
Anchor Investor Reservation9,88,800 shares13,36,400 shares
Market Maker Reservation2,00,000 shares2,44,000 shares
QIB6,59,200 shares9,13,600 shares
NII4,96,000 shares6,91,200 shares
RII11,55,200 shares16,04,800 shares
Employee
Others
Total32,99,200 shares45,46,000 shares

Bids Received (Subscription)

Apex Ecotech IPO subscribed 320.08x in total, whereas Rajesh Power IPO subscribed 41.66x.

 Apex Ecotech IPORajesh Power IPO
QIB (times)136.69x46.39x
NII (times)1,179.62x138.46x
Big NII (times)
Small NII (times)
RII (times)329.65x31.96x
Employee (times)
Other (times)
Total (times)320.08x41.66x

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