Ducol Organics IPO vs Rex Sealing IPO

Comparison between Ducol Organics IPO and Rex Sealing IPO.

IPO Details

Ducol Organics IPO is a SME Fixed Price IPO proposed to list at NSE 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 Ducol Organics IPO is up to ₹28.38 Cr whereas the issue size of the Rex Sealing IPO is up to ₹7.64 Cr. The final issue price of Ducol Organics IPO is ₹78.00 per share and of Rex Sealing IPO is ₹135.00 per share.

 Ducol Organics IPORex Sealing IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹78.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1000 shares
Fresh Issue Size36,38,400 shares2,67,000 shares
Fresh Issue Size (Amount)up to ₹28.38 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 Total36,38,400 shares5,66,000 shares
Issue Size Total (Amount)up to ₹28.38 Crup to ₹7.64 Cr

IPO Timetable

Ducol Organics IPO opens on Jan 09, 2023, while Rex Sealing IPO opens on Dec 30, 2022. The closing date of Ducol Organics IPO and Rex Sealing IPO is Jan 11, 2023, and Jan 04, 2023, respectively.

 Ducol Organics IPORex Sealing IPO
Issue OpenJan 09, 2023Dec 30, 2022
Issue CloseJan 11, 2023Jan 04, 2023
Basis Of Allotment (Tentative)Jan 16, 2023Jan 09, 2023
Initiation of Refunds (Tentative)Jan 17, 2023Jan 10, 2023
Credit of Share (Tentative)Jan 18, 2023Jan 11, 2023
Listing date (Tentative)Jan 19, 2023Jan 12, 2023

Financials & KPIs

Ducol Organics IPO P/E ratio is 13.59, as compared to Rex Sealing IPO P/E ratio of 19.62.

 Ducol Organics IPORex Sealing IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets60.5563.4857.1061.40
Total Income48.7588.9478.8673.72
Profit After Tax4.174.912.810.07
NET Worth24.8520.9016.1114.06
Reserves and Surplus14.9018.5313.9011.06
Total Borrowing13.5019.9216.5722.97
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)79.46%99.99%
Promoter Shareholding (Post-Issue)57.38%73.02%
P/E Ratio13.5919.62
Market Cap₹113.41 Cr.₹29.97 Cr.
ROE48.77
ROCE6.77
Debt/Equity0.46
EPS₹4.68₹2.85
RoNW23.56.63

Shares Offered

In the Ducol Organics IPO Retail Individual Investors (RII) are offered 18,19,200 shares while in Rex Sealing IPO retail investors are offered 18,19,200 shares. Qualified Institutional Buyers (QIB) are offered in Ducol Organics IPO and 0 shares in Rex Sealing IPO.

 Ducol Organics IPORex Sealing IPO
Anchor Investor Reservation0 shares
Market Maker Reservation4,01,600 shares33,000 shares
QIB0 shares
NII18,19,200 shares2,83,000 shares
RII18,19,200 shares2,83,000 shares
Employee0 shares
Total36,38,400 shares5,66,000 shares

Bids Received (Subscription)

Ducol Organics IPO subscribed 44.63x in total, whereas Rex Sealing IPO subscribed 2.65x.

 Ducol Organics IPORex Sealing IPO
NII (times)58.15x2.00x
RII (times)31.11x3.30x
Total (times)44.63x2.65x

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