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ITCONS E-Solutions IPO vs ResGen IPO

Comparison between ITCONS E-Solutions IPO and ResGen IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while ResGen IPO is a SME Bookbuilding proposed to list at BSE SME.

 ITCONS E-Solutions IPOResGen IPO
LogoITCONS E-Solutions IPO LogoResGen IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Gretex Corporate Services Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of ITCONS E-Solutions IPO is up to ₹8.23 Cr whereas the issue size of the ResGen IPO is up to ₹26.79 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of ResGen IPO is ₹47.00 per share.

 ITCONS E-Solutions IPOResGen IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹45.00 per share
Issue Price (Upper)₹47.00 per share
Issue Price (Final)₹51.00 per share₹47.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size16,14,000 shares57,00,000 shares
Fresh Issue Size (Amount)up to ₹8.23 Crup to ₹26.79 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,14,000 shares57,00,000 shares
Issue Size Total (Amount)up to ₹8.23 Crup to ₹26.79 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while ResGen IPO opens on Feb 28, 2023. The closing date of ITCONS E-Solutions IPO and ResGen IPO is Mar 02, 2023, and Mar 02, 2023, respectively.

 ITCONS E-Solutions IPOResGen IPO
Anchor Bid DateFeb 27, 2023
Issue OpenFeb 28, 2023Feb 28, 2023
Issue CloseMar 02, 2023Mar 02, 2023
Basis Of Allotment (Tentative)Mar 08, 2023Mar 08, 2023
Initiation of Refunds (Tentative)Mar 09, 2023Mar 09, 2023
Credit of Share (Tentative)Mar 10, 2023Mar 10, 2023
Listing date (Tentative)Mar 13, 2023Mar 13, 2023
Anchor Lockin End date 1Apr 07, 2023
Anchor Lockin End date 2Jun 06, 2023

Financials & KPIs

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to ResGen IPO P/E ratio of 27.33.

 ITCONS E-Solutions IPOResGen IPO
Financials
ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20351.17834.9510.5796.7895.64145.06
31-Mar-21341.21842.487.53104.31103.17136.33
31-Mar-22470.711,820.36119.11223.42222.28106.23
30-Sep-22792.371,605.05106.12462.23129.36176.70
Amount in ₹ Lakhs
ResGen Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20161.78-15.15136.13-18.3724.05
31-Mar-211,110.012.000.63136.76-17.74961.33
31-Mar-221,371.31480.8173.50367.46147.46932.92
05-Dec-223,917.971,265.34246.441,510.301,091.101,486.06
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)89.6794.15
Promoter Shareholding (Post-Issue)59.3667.22
P/E Ratio12.0927.33
Market Cap₹25.65 Cr.₹98.58 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the ITCONS E-Solutions IPO Retail Individual Investors (RII) are offered 8,08,000 shares while in ResGen IPO retail investors are offered 8,08,000 shares. Qualified Institutional Buyers (QIB) are offered in ITCONS E-Solutions IPO and 11,28,000 shares in ResGen IPO.

 ITCONS E-Solutions IPOResGen IPO
Anchor Investor Reserveration16,92,000 shares
Market Maker Reserveration86,000 shares3,00,000 shares
QIB11,28,000 shares
NII8,06,000 shares8,82,000 shares
RII8,08,000 shares19,98,000 shares
Employee
Others
Total16,14,000 shares57,00,000 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas ResGen IPO subscribed 2.50x.

 ITCONS E-Solutions IPOResGen IPO
QIB (times)1.09x
NII (times)16.12x3.87x
Big NII (times)
Small NII (times)
RII (times)17.45x3.88x
Employee (times)
Other (times)
Total (times)16.79x2.50x