Medico Remedies IPO vs Solex Energy IPO

Comparison between Medico Remedies IPO and Solex Energy IPO.

IPO Details

Medico Remedies IPO is a SME Fixed Price IPO proposed to list at BSE SME while Solex Energy IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Medico Remedies IPO is up to ₹10.42 Cr whereas the issue size of the Solex Energy IPO is up to ₹6.80 Cr. The final issue price of Medico Remedies IPO is ₹100.00 per share and of Solex Energy IPO is ₹52.00 per share.

 Medico Remedies IPOSolex Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹100.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size8,91,600 shares13,08,000 shares
Fresh Issue Size (Amount)up to ₹8.92 Crup to ₹6.80 Cr
OFS Issue Size1,50,000 shares0 shares
OFS Issue Size (Amount)up to ₹1.50 Crup to ₹0.00 Cr
Issue Size Total10,41,600 shares13,08,000 shares
Issue Size Total (Amount)up to ₹10.42 Crup to ₹6.80 Cr

IPO Timetable

Medico Remedies IPO opens on Jan 29, 2018, while Solex Energy IPO opens on Jan 22, 2018. The closing date of Medico Remedies IPO and Solex Energy IPO is Jan 31, 2018, and Jan 25, 2018, respectively.

 Medico Remedies IPOSolex Energy IPO
Issue OpenJan 29, 2018Jan 22, 2018
Issue CloseJan 31, 2018Jan 25, 2018
Basis Of Allotment (Tentative)Feb 05, 2018Jan 31, 2018
Listing date (Tentative)Feb 08, 2018Feb 05, 2018

Financials & KPIs

Medico Remedies IPO P/E ratio is , as compared to Solex Energy IPO P/E ratio of .

 Medico Remedies IPOSolex Energy IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets48.5948.2545.5435.74
Total Income29.7654.7866.9251.10
Profit After Tax0.401.631.130.79
NET Worth16.7716.3714.7413.61
Reserves and Surplus13.5713.1713.1412.01
Total Borrowing18.4218.5013.807.89
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201731 Mar 201731 Mar 201631 Mar 2015
Assets21.9824.9614.788.59
Total Income6.3534.5046.626.37
Profit After Tax0.310.920.390.10
NET Worth3.933.621.980.92
Reserves and Surplus1.711.400.480.10
Total Borrowing2.540.853.533.66
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.78%97.73%
Promoter Shareholding (Post-Issue)73.34%70.43%
Market Cap₹41.49 Cr.₹25.69 Cr.

Shares Offered

In the Medico Remedies IPO Retail Individual Investors (RII) are offered 5,20,800 shares while in Solex Energy IPO retail investors are offered 5,20,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Medico Remedies IPO and 0 shares in Solex Energy IPO.

 Medico Remedies IPOSolex Energy IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation57,600 shares72,000 shares
QIB0 shares0 shares
NII5,20,800 shares6,54,000 shares
RII5,20,800 shares6,54,000 shares
Employee0 shares0 shares
Total10,41,600 shares13,08,000 shares

Bids Received (Subscription)

Medico Remedies IPO subscribed 1.84x in total, whereas Solex Energy IPO subscribed 20.16x.

 Medico Remedies IPOSolex Energy IPO
NII (times)1.16x15.40x
RII (times)2.52x24.91x
Total (times)1.84x20.16x

Compare with others

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Medico Remedies IPO Vs Solex Energy IPO