RBM Infracon IPO vs Rex Sealing IPO

Comparison between RBM Infracon IPO and Rex Sealing IPO.

IPO Details

RBM Infracon IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rex Sealing IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of RBM Infracon IPO is up to ₹7.95 Cr whereas the issue size of the Rex Sealing IPO is up to ₹7.64 Cr. The final issue price of RBM Infracon IPO is ₹36.00 per share and of Rex Sealing IPO is ₹135.00 per share.

 RBM Infracon IPORex Sealing IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹36.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1000 shares
Fresh Issue Size22,08,000 shares2,67,000 shares
Fresh Issue Size (Amount)up to ₹7.95 Crup to ₹3.60 Cr
OFS Issue Size0 shares2,99,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.04 Cr
Issue Size Total22,08,000 shares5,66,000 shares
Issue Size Total (Amount)up to ₹7.95 Crup to ₹7.64 Cr

IPO Timetable

RBM Infracon IPO opens on Dec 23, 2022, while Rex Sealing IPO opens on Dec 30, 2022. The closing date of RBM Infracon IPO and Rex Sealing IPO is Dec 27, 2022, and Jan 04, 2023, respectively.

Financials & KPIs

RBM Infracon IPO P/E ratio is 11.61, as compared to Rex Sealing IPO P/E ratio of 19.62.

 RBM Infracon IPORex Sealing IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets24.5025.0423.3421.16
Total Income10.2747.6338.8935.17
Profit After Tax0.651.91-1.33-0.12
NET Worth7.196.544.635.40
Reserves and Surplus6.635.984.074.88
Total Borrowing6.418.518.136.67
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets15.0914.4413.1713.57
Total Income5.7221.1617.2620.18
Profit After Tax0.380.550.371.13
NET Worth8.628.247.707.33
Reserves and Surplus0.000.000.000.00
Total Borrowing3.283.783.394.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0099.99
Promoter Shareholding (Post-Issue)72.4573.02
P/E Ratio11.6119.62
Market Cap₹30.39 Cr.₹29.97 Cr.
ROE34.2348.77
ROCE19.76.77
Debt/Equity2.830.46
EPS₹3.12₹2.85
RoNW29.226.63

Shares Offered

In the RBM Infracon IPO Retail Individual Investors (RII) are offered 11,04,000 shares while in Rex Sealing IPO retail investors are offered 11,04,000 shares. Qualified Institutional Buyers (QIB) are offered in RBM Infracon IPO and in Rex Sealing IPO.

 RBM Infracon IPORex Sealing IPO
Anchor Investor Reservation
Market Maker Reservation1,17,000 shares33,000 shares
QIB
NII11,04,000 shares2,83,000 shares
RII11,04,000 shares2,83,000 shares
Employee
Others
Total22,08,000 shares5,66,000 shares

Bids Received (Subscription)

RBM Infracon IPO subscribed 40.32x in total, whereas Rex Sealing IPO subscribed 2.65x.

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