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Adeshwar Meditex IPO vs Rex Pipes IPO

Comparison between Adeshwar Meditex IPO and Rex Pipes IPO.

IPO Details

Adeshwar Meditex 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.

 Adeshwar Meditex IPORex Pipes IPO
LogoAdeshwar Meditex IPO LogoRex Pipes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Navigant Corporate Advisors Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerAryaman 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 Adeshwar Meditex IPO is up to ₹9.24 Cr whereas the issue size of the Rex Pipes IPO is up to ₹5.93 Cr. The final issue price of Adeshwar Meditex IPO is ₹25.00 per share and of Rex Pipes IPO is ₹26.00 per share.

 Adeshwar Meditex IPORex Pipes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹25.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares4000 shares
Fresh Issue Size36,96,000 shares22,80,000 shares
Fresh Issue Size (Amount)up to ₹9.24 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 Total36,96,000 shares22,80,000 shares
Issue Size Total (Amount)up to ₹9.24 Crup to ₹5.93 Cr

IPO Timetable

Adeshwar Meditex IPO opens on Jun 15, 2021, while Rex Pipes IPO opens on Jul 28, 2021. The closing date of Adeshwar Meditex IPO and Rex Pipes IPO is Jun 18, 2021, and Aug 02, 2021, respectively.

 Adeshwar Meditex IPORex Pipes IPO
Anchor Bid Date
Issue OpenJun 15, 2021Jul 28, 2021
Issue CloseJun 18, 2021Aug 02, 2021
Basis Of Allotment (Tentative)Jun 23, 2021Aug 05, 2021
Initiation of Refunds (Tentative)Jun 24, 2021Aug 06, 2021
Credit of Share (Tentative)Jun 25, 2021Aug 09, 2021
Listing date (Tentative)Jun 28, 2021Aug 10, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Adeshwar Meditex IPO P/E ratio is , as compared to Rex Pipes IPO P/E ratio of .

 Adeshwar Meditex IPORex Pipes IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 6,560.31 5,480.65 4,386.71 3,281.38
Total Revenue 5,208.66 5,639.26 5,473.93 5,869.67
Profit After Tax 138.92 201.49 225.10 256.08
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lacs)
31-Jan-21 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 3,811.00 3,382.79 3,270.87 2,704.16
Total Revenue 4,438.80 3,206.87 3,774.94 3,516.41
Profit After Tax 100.66 77.50 130.66 127.40
Promoter Shareholding (Pre-Issue)58.4584.65
Promoter Shareholding (Post-Issue)42.6561.03
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Adeshwar Meditex IPO Retail Individual Investors (RII) are offered 18,48,000 shares while in Rex Pipes IPO retail investors are offered 18,48,000 shares. Qualified Institutional Buyers (QIB) are offered in Adeshwar Meditex IPO and in Rex Pipes IPO.

 Adeshwar Meditex IPORex Pipes IPO
Anchor Investor Reserveration
Market Maker Reserveration2,04,000 shares1,20,000 shares
QIB
NII18,48,000 shares11,40,000 shares
RII18,48,000 shares11,40,000 shares
Employee
Others
Total36,96,000 shares22,80,000 shares

Bids Received (Subscription)

Adeshwar Meditex IPO subscribed 1.85x in total, whereas Rex Pipes IPO subscribed 23.99x.

 Adeshwar Meditex IPORex Pipes IPO
QIB (times)
NII (times)1.50x6.84x
Big NII (times)
Small NII (times)
RII (times)2.21x41.13x
Employee (times)
Other (times)
Total (times)1.85x23.99x