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Alpex Solar IPO vs Rudra Gas Enterprise IPO

Comparison between Alpex Solar IPO and Rudra Gas Enterprise IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price proposed to list at BSE SME.

 Alpex Solar IPORudra Gas Enterprise IPO
LogoAlpex Solar IPO LogoRudra Gas Enterprise IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Alpex Solar IPO is up to ₹70.79 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹13.43 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

 Alpex Solar IPORudra Gas Enterprise IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹109.00 per share
Issue Price (Upper)₹115.00 per share
Issue Price (Final)₹115.00 per share₹63.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size61,56,000 shares21,32,000 shares
Fresh Issue Size (Amount)up to ₹70.79 Crup to ₹13.43 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,56,000 shares21,32,000 shares
Issue Size Total (Amount)up to ₹70.79 Crup to ₹13.43 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Alpex Solar IPO and Rudra Gas Enterprise IPO is Feb 12, 2024, and Feb 12, 2024, respectively.

 Alpex Solar IPORudra Gas Enterprise IPO
Anchor Bid DateFeb 07, 2024
Issue OpenFeb 08, 2024Feb 08, 2024
Issue CloseFeb 12, 2024Feb 12, 2024
Basis Of Allotment (Tentative)Feb 13, 2024Feb 13, 2024
Initiation of Refunds (Tentative)Feb 14, 2024Feb 14, 2024
Credit of Share (Tentative)Feb 14, 2024Feb 14, 2024
Listing date (Tentative)Feb 15, 2024Feb 15, 2024
Anchor Lockin End date 1Mar 14, 2024
Anchor Lockin End date 2May 13, 2024

Financials & KPIs

Alpex Solar IPO P/E ratio is 54.66, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

 Alpex Solar IPORudra Gas Enterprise IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets141.88125.60100.0499.35
Total Income213.11195.92168.54149.73
Profit After Tax7.613.790.193.15
NET Worth49.0741.4637.6837.48
Reserves and Surplus43.0735.4731.6831.49
Total Borrowing41.7547.3626.7029.93
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.4533.8128.0519.61
Total Income34.4749.5743.9628.17
Profit After Tax2.473.521.791.27
NET Worth11.497.994.462.67
Reserves and Surplus5.407.744.212.42
Total Borrowing19.9017.3813.8010.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.5399.99
Promoter Shareholding (Post-Issue)68.7673.03
P/E Ratio54.6610.9
Market Cap₹281.44 Cr.₹52.53 Cr.
ROE9.55%57%
ROCE18.81%25%
Debt/Equity1.142.18
EPS₹2.10₹5.78
RoNW9.55%44.09%

Shares Offered

In the Alpex Solar IPO Retail Individual Investors (RII) are offered 21,55,200 shares while in Rudra Gas Enterprise IPO retail investors are offered 21,55,200 shares. Qualified Institutional Buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and in Rudra Gas Enterprise IPO.

 Alpex Solar IPORudra Gas Enterprise IPO
Anchor Investor Reservation18,45,600 shares
Market Maker Reservation3,24,000 shares1,16,000 shares
QIB12,31,200 shares
NII9,24,000 shares10,66,000 shares
RII21,55,200 shares10,66,000 shares
Employee
Others
Total61,56,000 shares21,32,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

 Alpex Solar IPORudra Gas Enterprise IPO
QIB (times)141.48x
NII (times)502.31x286.62x
Big NII (times)
Small NII (times)
RII (times)351.89x404.38x
Employee (times)
Other (times)
Total (times)324.03x350.75x

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Compare:

Alpex Solar IPO Vs Rudra Gas Enterprise IPO