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Malpani Pipes IPO vs Rexpro Enterprises IPO

Comparison between Malpani Pipes IPO and Rexpro Enterprises IPO.

IPO Details

Malpani Pipes IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rexpro Enterprises IPO is a SME Fixed Price proposed to list at NSE SME.

 Malpani Pipes IPORexpro Enterprises IPO
LogoMalpani Pipes IPO LogoRexpro Enterprises IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersInteractive Financial Services Ltd.Horizon Management Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerMnm Stock Broking Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Malpani Pipes IPO is up to ₹24.61 Cr whereas the issue size of the Rexpro Enterprises IPO is up to ₹50.95 Cr. The final issue price of Malpani Pipes IPO is ₹90.00 per share and of Rexpro Enterprises IPO is ₹145.00 per share.

 Malpani Pipes IPORexpro Enterprises IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹85.00 per share
Issue Price (Upper)₹90.00 per share
Issue Price (Final)₹90.00 per share₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size27,34,400 shares30,64,000 shares
Fresh Issue Size (Amount)up to ₹24.61 Crup to ₹44.43 Cr
OFS Issue Size0 shares4,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.53 Cr
Issue Size Total27,34,400 shares35,14,000 shares
Issue Size Total (Amount)up to ₹24.61 Crup to ₹50.95 Cr

IPO Timetable

Malpani Pipes IPO opens on Jan 29, 2025, while Rexpro Enterprises IPO opens on Jan 22, 2025. The closing date of Malpani Pipes IPO and Rexpro Enterprises IPO is Jan 31, 2025, and Jan 24, 2025, respectively.

 Malpani Pipes IPORexpro Enterprises IPO
Anchor Bid DateJan 28, 2025
Issue OpenJan 29, 2025Jan 22, 2025
Issue CloseJan 31, 2025Jan 24, 2025
Basis Of Allotment (Tentative)Feb 03, 2025Jan 27, 2025
Initiation of Refunds (Tentative)Feb 03, 2025Jan 28, 2025
Credit of Share (Tentative)Feb 03, 2025Jan 28, 2025
Listing date (Tentative)Feb 04, 2025Jan 29, 2025
Anchor Lockin End date 1Mar 04, 2025
Anchor Lockin End date 2May 04, 2025

Financials & KPIs

Malpani Pipes IPO P/E ratio is 2.42, as compared to Rexpro Enterprises IPO P/E ratio of 25.49.

 Malpani Pipes IPORexpro Enterprises IPO
Financials

Malpani Pipes And Fittings Limited Financial Information (Restated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets90.7661.3538.9421.3
Total Income84.55141.1682.5734.94
Profit After Tax5.097.42.080.89
Net Worth19.7314.775.833.76
Reserves and Surplus12.0412.423.91.83
Total Borrowing35.7430.2919.598.98
Amount in ₹ Crore

Rexpro Enterprises Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 2023
Assets50.5439.9527.87
Total Income49.5683.0162.89
Profit After Tax4.085.180.63
Net Worth13.089.224.69
Reserves and Surplus5.128.964.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.2866.99
P/E Ratio2.4225.49
Market Cap₹97.00 Cr.₹162.49 Cr.
ROE71.52%56.24%
ROCE21.74%62.21%
Debt/Equity2.040.65
EPS₹37.17₹5.69
RoNW50.07%56.24%

Shares Offered

In the Malpani Pipes IPO Retail Individual Investors (RII) are offered 9,60,000 shares while in Rexpro Enterprises IPO retail investors are offered 9,60,000 shares. Qualified Institutional Buyers (QIB) are offered 5,58,400 shares in Malpani Pipes IPO and 0 shares in Rexpro Enterprises IPO.

 Malpani Pipes IPORexpro Enterprises IPO
Anchor Investor Reserveration8,00,000 shares0 shares
Market Maker Reserveration1,45,600 shares1,86,000 shares
QIB5,58,400 shares0 shares
NII4,16,000 shares8,17,000 shares
RII9,60,000 shares26,97,000 shares
Employee0 shares0 shares
Others
Total27,34,400 shares35,14,000 shares

Bids Received (Subscription)

Malpani Pipes IPO subscribed 146.93x in total, whereas Rexpro Enterprises IPO subscribed 17.67x.

 Malpani Pipes IPORexpro Enterprises IPO
QIB (times)58.49x
NII (times)343.13x8.22x
Big NII (times)
Small NII (times)
RII (times)113.35x27.12x
Employee (times)
Other (times)
Total (times)146.93x17.67x