Onyx Biotec IPO vs Rajesh Power IPO

Comparison between Onyx Biotec IPO and Rajesh Power IPO.

IPO Details

Onyx Biotec IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajesh Power IPO is a SME Bookbuilding proposed to list at BSE SME.

	Onyx Biotec IPO	Rajesh Power IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Horizon Management Pvt.Ltd.	ISK Advisors Pvt.Ltd.
Registrar	MAS Services Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Onyx Biotec IPO is up to ₹27.85 Cr whereas the issue size of the Rajesh Power IPO is up to ₹152.29 Cr. The final issue price of Onyx Biotec IPO is ₹61.00 per share and of Rajesh Power IPO is ₹335.00 per share.

	Onyx Biotec IPO	Rajesh Power IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹58.00 per share	₹319.00 per share
Issue Price (Upper)	₹61.00 per share	₹335.00 per share
Issue Price (Final)	₹61.00 per share	₹335.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	400 shares
Fresh Issue Size	45,66,000 shares	25,46,000 shares
Fresh Issue Size (Amount)	up to ₹27.85 Cr	up to ₹85.29 Cr
OFS Issue Size	0 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹67.00 Cr
Issue Size Total	45,66,000 shares	45,46,000 shares
Issue Size Total (Amount)	up to ₹27.85 Cr	up to ₹152.29 Cr

IPO Timetable

Onyx Biotec IPO opens on Nov 13, 2024, while Rajesh Power IPO opens on Nov 25, 2024. The closing date of Onyx Biotec IPO and Rajesh Power IPO is Nov 18, 2024, and Nov 27, 2024, respectively.

	Onyx Biotec IPO	Rajesh Power IPO
Anchor Bid Date	Nov 12, 2024	Nov 22, 2024
Issue Open	Nov 13, 2024	Nov 25, 2024
Issue Close	Nov 18, 2024	Nov 27, 2024
Basis Of Allotment (Tentative)	Nov 19, 2024	Nov 28, 2024
Initiation of Refunds (Tentative)	Nov 20, 2024	Nov 29, 2024
Credit of Share (Tentative)	Nov 20, 2024	Nov 29, 2024
Listing date (Tentative)	Nov 22, 2024	Dec 02, 2024
Anchor Lockin End date 1	Dec 19, 2024	Dec 28, 2024
Anchor Lockin End date 2	Feb 17, 2025	Feb 26, 2025

Financials & KPIs

Onyx Biotec IPO P/E ratio is 26.81, as compared to Rajesh Power IPO P/E ratio of 19.59.

Onyx Biotec IPO

Rajesh Power IPO

Financials

Onyx Biotec Limited Financial Information (Restated)

Onyx Biotec Limited's revenue increased by 35.99% and profit after tax (PAT) rose by 64.35% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 May 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,476.57	7,413.58	5,872.36	3,683.84
Total Income	1,054.11	5,387.43	3,961.65	4,498.09
Profit After Tax	130.77	303.16	184.46	335.29
Net Worth	2,618.64	2,487.87	1,820.16	1,637.59
Reserves and Surplus	1,286.42	1,155.65	1,230.00	1,047.43
Total Borrowing	3,156.14	3,078.04	2,922.83	1,224.39
Amount in ₹ Lakhs

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33,822.42	24,039.00	19,823.38	17,562.82
Total Income	31,785.09	29,506.07	21,117.57	14,936.84
Profit After Tax	2,768.25	2,602.29	675.15	344.60
Net Worth	11,122.22	8,430.05	5,865.80	5,228.69
Reserves and Surplus	9,600.48	6,908.31	4,344.06	3,706.95
Total Borrowing	7,973.04	7,767.08	5,971.20	6,243.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.60

100

Promoter Shareholding (Post-Issue)

73.40

P/E Ratio

26.81

19.59

Market Cap

₹110.61 Cr.

₹603.25 Cr.

ROE

4.99%

24.89%

ROCE

3.71%

25.61%

Debt/Equity

1.21

0.92

EPS

₹2.28

₹17.10

RoNW

4.99%

25.47%

Shares Offered

In the Onyx Biotec IPO Retail Individual Investors (RII) are offered 16,00,000 shares while in Rajesh Power IPO retail investors are offered 16,00,000 shares. Qualified Institutional Buyers (QIB) are offered 9,12,000 shares in Onyx Biotec IPO and 9,13,600 shares in Rajesh Power IPO.

	Onyx Biotec IPO	Rajesh Power IPO
Anchor Investor Reserveration	13,66,000 shares	13,36,400 shares
Market Maker Reserveration	2,44,000 shares	2,44,000 shares
QIB	9,12,000 shares	9,13,600 shares
NII	6,88,000 shares	6,91,200 shares
RII	16,00,000 shares	16,04,800 shares
Employee
Others
Total	45,66,000 shares	45,46,000 shares

Bids Received (Subscription)

Onyx Biotec IPO subscribed 198.00x in total, whereas Rajesh Power IPO subscribed 59.00x.

	Onyx Biotec IPO	Rajesh Power IPO
QIB (times)	32.49x	46.39x
NII (times)	602.86x	138.46x
Big NII (times)
Small NII (times)
RII (times)	118.26x	31.96x
Employee (times)
Other (times)
Total (times)	198.00x	59.00x

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