DHARNI Capital IPO vs Rex Sealing IPO

Comparison between DHARNI Capital IPO and Rex Sealing IPO.

IPO Details

DHARNI Capital IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rex Sealing IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of DHARNI Capital IPO is up to ₹10.20 Cr whereas the issue size of the Rex Sealing IPO is up to ₹7.64 Cr. The final issue price of DHARNI Capital IPO is ₹20.00 per share and of Rex Sealing IPO is ₹135.00 per share.

 DHARNI Capital IPORex Sealing IPO
Face Value₹1 per share₹10 per share
Issue Price (Final)₹20.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares1000 shares
Fresh Issue Size51,00,000 shares2,67,000 shares
Fresh Issue Size (Amount)up to ₹10.20 Crup to ₹3.60 Cr
OFS Issue Size0 shares2,99,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.04 Cr
Issue Size Total51,00,000 shares5,66,000 shares
Issue Size Total (Amount)up to ₹10.20 Crup to ₹7.64 Cr

IPO Timetable

DHARNI Capital IPO opens on Jan 18, 2023, while Rex Sealing IPO opens on Dec 30, 2022. The closing date of DHARNI Capital IPO and Rex Sealing IPO is Jan 20, 2023, and Jan 04, 2023, respectively.

 DHARNI Capital IPORex Sealing IPO
Issue OpenJan 18, 2023Dec 30, 2022
Issue CloseJan 20, 2023Jan 04, 2023
Basis Of Allotment (Tentative)Jan 25, 2023Jan 09, 2023
Initiation of Refunds (Tentative)Jan 27, 2023Jan 10, 2023
Credit of Share (Tentative)Jan 30, 2023Jan 11, 2023
Listing date (Tentative)Jan 31, 2023Jan 12, 2023

Financials & KPIs

DHARNI Capital IPO P/E ratio is 34.48, as compared to Rex Sealing IPO P/E ratio of 19.62.

 DHARNI Capital IPORex Sealing IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets2.932.450.250.19
Total Income3.0514.692.550.20
Profit After Tax0.590.970.150.01
NET Worth2.862.270.11-0.04
Reserves and Surplus0.000.000.000.00
Total Borrowing0.000.000.090.22
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets15.0914.4413.1713.57
Total Income5.7221.1617.2620.18
Profit After Tax0.380.550.371.13
NET Worth8.628.247.707.33
Reserves and Surplus0.000.000.000.00
Total Borrowing3.283.783.394.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.99%
Promoter Shareholding (Post-Issue)73.64%73.02%
P/E Ratio34.4819.62
Market Cap₹40.74 Cr.₹29.97 Cr.
ROE48.77
ROCE6.77
Debt/Equity0.46
EPS₹5.46₹2.85
RoNW42.66.63

Shares Offered

In the DHARNI Capital IPO Retail Individual Investors (RII) are offered 25,50,000 shares while in Rex Sealing IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered in DHARNI Capital IPO and 0 shares in Rex Sealing IPO.

 DHARNI Capital IPORex Sealing IPO
Anchor Investor Reservation0 shares
Market Maker Reservation2,70,000 shares33,000 shares
QIB0 shares
NII25,50,000 shares2,83,000 shares
RII25,50,000 shares2,83,000 shares
Employee0 shares
Total51,00,000 shares5,66,000 shares

Bids Received (Subscription)

DHARNI Capital IPO subscribed 6.57x in total, whereas Rex Sealing IPO subscribed 2.65x.

 DHARNI Capital IPORex Sealing IPO
NII (times)6.32x2.00x
RII (times)6.83x3.30x
Total (times)6.57x2.65x

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