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Gretex Corporate IPO vs Times Green Energy IPO

Comparison between Gretex Corporate IPO and Times Green Energy IPO.

IPO Details

Gretex Corporate IPO is a SME Fixed Price IPO proposed to list at BSE SME while Times Green Energy IPO is a SME Fixed Price proposed to list at BSE SME.

 Gretex Corporate IPOTimes Green Energy IPO
LogoGretex Corporate IPO LogoTimes Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerIntellect Stock Broking Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Gretex Corporate IPO is up to ₹4.87 Cr whereas the issue size of the Times Green Energy IPO is up to ₹3.81 Cr. The final issue price of Gretex Corporate IPO is ₹170.00 per share and of Times Green Energy IPO is ₹61.00 per share.

 Gretex Corporate IPOTimes Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹170.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size2,22,400 shares6,24,000 shares
Fresh Issue Size (Amount)up to ₹3.78 Crup to ₹3.81 Cr
OFS Issue Size64,000 shares0 shares
OFS Issue Size (Amount)up to ₹1.09 Crup to ₹0.00 Cr
Issue Size Total2,86,400 shares6,24,000 shares
Issue Size Total (Amount)up to ₹4.87 Crup to ₹3.81 Cr

IPO Timetable

Gretex Corporate IPO opens on Jul 27, 2021, while Times Green Energy IPO opens on Jun 16, 2021. The closing date of Gretex Corporate IPO and Times Green Energy IPO is Jul 30, 2021, and Jun 22, 2021, respectively.

 Gretex Corporate IPOTimes Green Energy IPO
Anchor Bid Date
Issue OpenJul 27, 2021Jun 16, 2021
Issue CloseJul 30, 2021Jun 22, 2021
Basis Of Allotment (Tentative)Aug 04, 2021Jun 25, 2021
Initiation of Refunds (Tentative)Aug 05, 2021Jun 28, 2021
Credit of Share (Tentative)Aug 06, 2021Jun 29, 2021
Listing date (Tentative)Aug 09, 2021Jun 30, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Gretex Corporate IPO P/E ratio is , as compared to Times Green Energy IPO P/E ratio of .

 Gretex Corporate IPOTimes Green Energy IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,011.22 838.21 946.16
Total Revenue 324.63 145.31 315.53
Profit After Tax 71.41 (115.21) 24.97
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 452.64 371.95 242.08 392.00
Total Revenue 122.00 1,514.72 1,515.51 2,019.09
Profit After Tax 4.24 12.34 9.77 8.04
Promoter Shareholding (Pre-Issue)10079.20
Promoter Shareholding (Post-Issue)73.4847.60
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Gretex Corporate IPO Retail Individual Investors (RII) are offered 1,43,200 shares while in Times Green Energy IPO retail investors are offered 1,43,200 shares. Qualified Institutional Buyers (QIB) are offered in Gretex Corporate IPO and in Times Green Energy IPO.

 Gretex Corporate IPOTimes Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration15,200 shares40,000 shares
QIB
NII1,43,200 shares3,12,000 shares
RII1,43,200 shares3,12,000 shares
Employee
Others
Total2,86,400 shares6,24,000 shares

Bids Received (Subscription)

Gretex Corporate IPO subscribed 7.27x in total, whereas Times Green Energy IPO subscribed 2.94x.

 Gretex Corporate IPOTimes Green Energy IPO
QIB (times)
NII (times)2.37x0.83x
Big NII (times)
Small NII (times)
RII (times)12.17x5.05x
Employee (times)
Other (times)
Total (times)7.27x2.94x