BEW Engineering IPO vs Gretex Corporate IPO

Comparison between BEW Engineering IPO and Gretex Corporate IPO.

IPO Details

BEW Engineering IPO is a SME Fixed Price IPO proposed to list at NSE SME while Gretex Corporate IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of BEW Engineering IPO is up to ₹3.76 Cr whereas the issue size of the Gretex Corporate IPO is up to ₹4.87 Cr. The final issue price of BEW Engineering IPO is ₹58.00 per share and of Gretex Corporate IPO is ₹170.00 per share.

 BEW Engineering IPOGretex Corporate IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹58.00 per share₹170.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares800 shares
Fresh Issue Size6,48,000 shares2,22,400 shares
Fresh Issue Size (Amount)up to ₹3.76 Crup to ₹3.78 Cr
OFS Issue Size0 shares64,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹1.09 Cr
Issue Size Total6,48,000 shares2,86,400 shares
Issue Size Total (Amount)up to ₹3.76 Crup to ₹4.87 Cr

IPO Timetable

BEW Engineering IPO opens on Sep 02, 2021, while Gretex Corporate IPO opens on Jul 27, 2021. The closing date of BEW Engineering IPO and Gretex Corporate IPO is Sep 07, 2021, and Jul 30, 2021, respectively.

 BEW Engineering IPOGretex Corporate IPO
Issue OpenSep 02, 2021Jul 27, 2021
Issue CloseSep 07, 2021Jul 30, 2021
Basis Of Allotment (Tentative)Sep 13, 2021Aug 04, 2021
Initiation of Refunds (Tentative)Sep 14, 2021Aug 05, 2021
Credit of Share (Tentative)Sep 15, 2021Aug 06, 2021
Listing date (Tentative)Sep 16, 2021Aug 09, 2021

Financials & KPIs

BEW Engineering IPO P/E ratio is , as compared to Gretex Corporate IPO P/E ratio of .

 BEW Engineering IPOGretex Corporate IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets72.5460.3350.90
Total Income73.5567.7163.85
Profit After Tax2.870.660.71
EBITDA8.334.904.80
NET Worth9.727.256.62
Reserves and Surplus7.824.123.81
Total Borrowing28.5324.3621.57
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets10.118.389.46
Total Income3.251.453.16
Profit After Tax0.71-1.150.25
EBITDA1.19-0.680.70
NET Worth6.283.745.34
Reserves and Surplus5.383.094.69
Total Borrowing2.503.652.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)82.4%100%
Promoter Shareholding (Post-Issue)60.56%73.48%
Market Cap₹14.97 Cr.₹19.33 Cr.

Shares Offered

In the BEW Engineering IPO Retail Individual Investors (RII) are offered 3,24,000 shares while in Gretex Corporate IPO retail investors are offered 3,24,000 shares. Qualified Institutional Buyers (QIB) are offered in BEW Engineering IPO and 0 shares in Gretex Corporate IPO.

 BEW Engineering IPOGretex Corporate IPO
Anchor Investor Reservation0 shares
Market Maker Reservation36,000 shares15,200 shares
QIB0 shares
NII3,24,000 shares1,43,200 shares
RII3,24,000 shares1,43,200 shares
Employee0 shares
Total6,48,000 shares2,86,400 shares

Bids Received (Subscription)

BEW Engineering IPO subscribed 21.65x in total, whereas Gretex Corporate IPO subscribed 7.27x.

 BEW Engineering IPOGretex Corporate IPO
NII (times)18.51x2.37x
RII (times)24.79x12.17x
Total (times)21.65x7.27x

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