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Rex Pipes IPO vs Times Green Energy IPO

Comparison between Rex Pipes IPO and Times Green Energy IPO.

IPO Details

Rex Pipes IPO is a SME Fixed Price IPO proposed to list at NSE SME while Times Green Energy IPO is a SME Fixed Price proposed to list at BSE SME.

 Rex Pipes IPOTimes Green Energy IPO
LogoRex Pipes IPO LogoTimes Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersNavigant Corporate Advisors Ltd.Aryaman Financial Services Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.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 Rex Pipes IPO is up to ₹5.93 Cr whereas the issue size of the Times Green Energy IPO is up to ₹3.81 Cr. The final issue price of Rex Pipes IPO is ₹26.00 per share and of Times Green Energy IPO is ₹61.00 per share.

 Rex Pipes IPOTimes Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹26.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size22,80,000 shares6,24,000 shares
Fresh Issue Size (Amount)up to ₹5.93 Crup to ₹3.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,80,000 shares6,24,000 shares
Issue Size Total (Amount)up to ₹5.93 Crup to ₹3.81 Cr

IPO Timetable

Rex Pipes IPO opens on Jul 28, 2021, while Times Green Energy IPO opens on Jun 16, 2021. The closing date of Rex Pipes IPO and Times Green Energy IPO is Aug 02, 2021, and Jun 22, 2021, respectively.

 Rex Pipes IPOTimes Green Energy IPO
Anchor Bid Date
Issue OpenJul 28, 2021Jun 16, 2021
Issue CloseAug 02, 2021Jun 22, 2021
Basis Of Allotment (Tentative)Aug 05, 2021Jun 25, 2021
Initiation of Refunds (Tentative)Aug 06, 2021Jun 28, 2021
Credit of Share (Tentative)Aug 09, 2021Jun 29, 2021
Listing date (Tentative)Aug 10, 2021Jun 30, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Rex Pipes IPO P/E ratio is , as compared to Times Green Energy IPO P/E ratio of .

 Rex Pipes IPOTimes Green Energy IPO
Financials
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
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 452.64 371.95 242.08 392.00
Total Revenue 122.00 1,514.72 1,515.51 2,019.09
Profit After Tax 4.24 12.34 9.77 8.04
Promoter Shareholding (Pre-Issue)84.6579.20
Promoter Shareholding (Post-Issue)61.0347.60
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rex Pipes IPO Retail Individual Investors (RII) are offered 11,40,000 shares while in Times Green Energy IPO retail investors are offered 11,40,000 shares. Qualified Institutional Buyers (QIB) are offered in Rex Pipes IPO and in Times Green Energy IPO.

 Rex Pipes IPOTimes Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration1,20,000 shares40,000 shares
QIB
NII11,40,000 shares3,12,000 shares
RII11,40,000 shares3,12,000 shares
Employee
Others
Total22,80,000 shares6,24,000 shares

Bids Received (Subscription)

Rex Pipes IPO subscribed 23.99x in total, whereas Times Green Energy IPO subscribed 2.94x.

 Rex Pipes IPOTimes Green Energy IPO
QIB (times)
NII (times)6.84x0.83x
Big NII (times)
Small NII (times)
RII (times)41.13x5.05x
Employee (times)
Other (times)
Total (times)23.99x2.94x