Gretex Corporate IPO vs Rex Pipes IPO

Comparison between Gretex Corporate IPO and Rex Pipes IPO.

IPO Details

Gretex Corporate 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.

	Gretex Corporate IPO	Rex Pipes IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Ltd.	Navigant Corporate Advisors Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Intellect Stock Broking Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Gretex Corporate IPO is up to ₹4.87 Cr whereas the issue size of the Rex Pipes IPO is up to ₹5.93 Cr. The final issue price of Gretex Corporate IPO is ₹170.00 per share and of Rex Pipes IPO is ₹26.00 per share.

	Gretex Corporate IPO	Rex Pipes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹170.00 per share	₹26.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	4000 shares
Fresh Issue Size	2,22,400 shares	22,80,000 shares
Fresh Issue Size (Amount)	up to ₹3.78 Cr	up to ₹5.93 Cr
OFS Issue Size	64,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹1.09 Cr	up to ₹0.00 Cr
Issue Size Total	2,86,400 shares	22,80,000 shares
Issue Size Total (Amount)	up to ₹4.87 Cr	up to ₹5.93 Cr

IPO Timetable

Gretex Corporate IPO opens on Jul 27, 2021, while Rex Pipes IPO opens on Jul 28, 2021. The closing date of Gretex Corporate IPO and Rex Pipes IPO is Jul 30, 2021, and Aug 02, 2021, respectively.

	Gretex Corporate IPO	Rex Pipes IPO
Anchor Bid Date
Issue Open	Jul 27, 2021	Jul 28, 2021
Issue Close	Jul 30, 2021	Aug 02, 2021
Basis Of Allotment (Tentative)	Aug 04, 2021	Aug 05, 2021
Initiation of Refunds (Tentative)	Aug 05, 2021	Aug 06, 2021
Credit of Share (Tentative)	Aug 06, 2021	Aug 09, 2021
Listing date (Tentative)	Aug 09, 2021	Aug 10, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Gretex Corporate IPO P/E ratio is , as compared to Rex Pipes IPO P/E ratio of .

Gretex Corporate IPO

Rex Pipes IPO

Financials

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,011.22	838.21	946.16
Total Revenue	324.63	145.31	315.53
Profit After Tax	71.41	(115.21)	24.97

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)

100

84.65

Promoter Shareholding (Post-Issue)

73.48

61.03

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Gretex Corporate IPO Retail Individual Investors (RII) are offered 1,43,200 shares while in Rex Pipes IPO retail investors are offered 1,43,200 shares. Qualified Institutional Buyers (QIB) are offered in Gretex Corporate IPO and in Rex Pipes IPO.

	Gretex Corporate IPO	Rex Pipes IPO
Anchor Investor Reserveration
Market Maker Reserveration	15,200 shares	1,20,000 shares
QIB
NII	1,43,200 shares	11,40,000 shares
RII	1,43,200 shares	11,40,000 shares
Employee
Others
Total	2,86,400 shares	22,80,000 shares

Bids Received (Subscription)

Gretex Corporate IPO subscribed 7.27x in total, whereas Rex Pipes IPO subscribed 23.99x.

	Gretex Corporate IPO	Rex Pipes IPO
QIB (times)
NII (times)	2.37x	6.84x
Big NII (times)
Small NII (times)
RII (times)	12.17x	41.13x
Employee (times)
Other (times)
Total (times)	7.27x	23.99x

Compare with others

Gretex Corporate IPO	Rex Pipes IPO
BEW Engineering IPO	SBL Infratech IPO
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DU Digital Technologies IPO	Aashka Hospitals IPO
Aashka Hospitals IPO	Network People IPO
Network People IPO	Gretex Corporate IPO
Rex Pipes IPO	AA Plus Tradelink IPO
AA Plus Tradelink IPO	Walpar Nutritions IPO
Walpar Nutritions IPO	Focus Business Solution IPO
Focus Business Solution IPO	Times Green Energy IPO
Times Green Energy IPO	Adeshwar Meditex IPO