AA Plus Tradelink IPO vs Rex Pipes IPO

Comparison between AA Plus Tradelink IPO and Rex Pipes IPO.

IPO Details

AA Plus Tradelink IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rex Pipes IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of AA Plus Tradelink IPO is up to ₹6.13 Cr whereas the issue size of the Rex Pipes IPO is up to ₹5.93 Cr. The final issue price of AA Plus Tradelink IPO is ₹18.00 per share and of Rex Pipes IPO is ₹26.00 per share.

 AA Plus Tradelink IPORex Pipes IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹18.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size8000 shares4000 shares
Fresh Issue Size34,08,000 shares22,80,000 shares
Fresh Issue Size (Amount)up to ₹6.13 Crup to ₹5.93 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,08,000 shares22,80,000 shares
Issue Size Total (Amount)up to ₹6.13 Crup to ₹5.93 Cr

IPO Timetable

AA Plus Tradelink IPO opens on Jul 08, 2021, while Rex Pipes IPO opens on Jul 28, 2021. The closing date of AA Plus Tradelink IPO and Rex Pipes IPO is Jul 13, 2021, and Aug 02, 2021, respectively.

 AA Plus Tradelink IPORex Pipes IPO
Issue OpenJul 08, 2021Jul 28, 2021
Issue CloseJul 13, 2021Aug 02, 2021
Basis Of Allotment (Tentative)Jul 16, 2021Aug 05, 2021
Initiation of Refunds (Tentative)Jul 19, 2021Aug 06, 2021
Credit of Share (Tentative)Jul 19, 2021Aug 09, 2021
Listing date (Tentative)Jul 22, 2021Aug 10, 2021

Financials & KPIs

AA Plus Tradelink IPO P/E ratio is , as compared to Rex Pipes IPO P/E ratio of .

 AA Plus Tradelink IPORex Pipes IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets15.4510.209.64
Total Income9.5117.325.20
Profit After Tax0.130.140.10
EBITDA0.210.230.22
NET Worth6.065.935.79
Reserves and Surplus1.501.373.51
Total Borrowing1.140.950.01
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 202131 Mar 202031 Mar 201931 Mar 2018
Assets38.1133.8332.7127.04
Total Income44.3932.0737.7535.16
Profit After Tax1.010.781.311.27
NET Worth11.4210.429.638.32
Total Borrowing21.0815.4217.2312.17
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)58.63%84.65%
Promoter Shareholding (Post-Issue)32.78%61.03%
Market Cap₹14.70 Cr.₹22.36 Cr.

Shares Offered

In the AA Plus Tradelink IPO Retail Individual Investors (RII) are offered 17,04,000 shares while in Rex Pipes IPO retail investors are offered 17,04,000 shares. Qualified Institutional Buyers (QIB) are offered in AA Plus Tradelink IPO and in Rex Pipes IPO.

 AA Plus Tradelink IPORex Pipes IPO
Market Maker Reservation1,92,000 shares1,20,000 shares
NII17,04,000 shares11,40,000 shares
RII17,04,000 shares11,40,000 shares
Total34,08,000 shares22,80,000 shares

Bids Received (Subscription)

AA Plus Tradelink IPO subscribed 1.46x in total, whereas Rex Pipes IPO subscribed 23.99x.

 AA Plus Tradelink IPORex Pipes IPO
NII (times)0.32x6.84x
RII (times)2.61x41.13x
Total (times)1.46x23.99x

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