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ITCONS E-Solutions IPO vs ResGen IPO

Comparision between ITCONS E-Solutions IPO and ResGen IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Book Built Issue IPO proposed to list at BSE SME while ResGen IPO is a SME Book Built Issue proposed to list at BSE SME.

  ITCONS E-Solutions IPO ResGen IPO
Logo ITCONS E-Solutions IPO Logo ResGen IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Finshore Management Services Limited Gretex Corporate Services Limited
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Gretex Share Broking Private Limited
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 ITCONS E-Solutions IPO is up to ₹8.67 Cr whereas the issue size of the ResGen IPO is up to ₹28.20 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of ResGen IPO is ₹47.00 per share.

  ITCONS E-Solutions IPO ResGen IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹45.00 per share
Issue Price (Upper) ₹47.00 per share
Issue Price (Final) ₹51.00 per share ₹47.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 3000 shares
Fresh Issue Size 17,00,000 shares 60,00,000 shares
Fresh Issue Size (Amount) up to ₹8.67 Cr up to ₹28.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 17,00,000 shares 60,00,000 shares
Issue Size Total (Amount) up to ₹8.67 Cr up to ₹28.20 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while ResGen IPO opens on Feb 28, 2023. The closing date of ITCONS E-Solutions IPO and ResGen IPO is Mar 02, 2023, and Mar 02, 2023, respectively.

  ITCONS E-Solutions IPO ResGen IPO
Anchor Bid Date Feb 27, 2023
Issue Open Feb 28, 2023 Feb 28, 2023
Issue Close Mar 02, 2023 Mar 02, 2023
Basis Of Allotment (Tentative) Mar 08, 2023 Mar 08, 2023
Initiation of Refunds (Tentative) Mar 09, 2023 Mar 09, 2023
Credit of Share (Tentative) Mar 10, 2023 Mar 10, 2023
Listing date (Tentative) Mar 13, 2023 Mar 13, 2023
Anchor Lockin End date 1 Apr 07, 2023 Apr 07, 2023
Anchor Lockin End date 2 Jun 06, 2023 Jun 06, 2023

Financials

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to ResGen IPO P/E ratio of 27.33.

  ITCONS E-Solutions IPO ResGen IPO
Financial
ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20351.17834.9510.5796.7895.64145.06
31-Mar-21341.21842.487.53104.31103.17136.33
31-Mar-22470.711,820.36119.11223.42222.28106.23
30-Sep-22792.371,605.05106.12462.23129.36176.70
Amount in ₹ Lakhs
ResGen Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20161.78-15.15136.13-18.3724.05
31-Mar-211,110.012.000.63136.76-17.74961.33
31-Mar-221,371.31480.8173.50367.46147.46932.92
05-Dec-223,917.971,265.34246.441,510.301,091.101,486.06
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 89.67% 94.15%
Promoter Shareholding (Post-Issue) 59.36% 67.22%
P/E Ratio 12.09 27.33
Market Cap ₹25.65 Cr. ₹98.58 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the ITCONS E-Solutions IPO retail investors (RII) are offered 8,08,000 shares while in ResGen IPO retail investors are offered 8,08,000 shares. Qualified institutional buyers (QIB) are offered in ITCONS E-Solutions IPO and 28,20,000 shares in ResGen IPO.

  ITCONS E-Solutions IPO ResGen IPO
Anchor Investor Reserveration
Market Maker Reserveration 86,000 shares 3,00,000 shares
QIB 28,20,000 shares
NII 8,06,000 shares 8,82,000 shares
RII 8,08,000 shares 19,98,000 shares
Employee
Others
Total 16,14,000 shares 57,00,000 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas ResGen IPO subscribed 2.50x.

  ITCONS E-Solutions IPO ResGen IPO
QIB (times) 1.09x
NII (times) 16.12x 3.87x
Big NII (times)
Small NII (times)
RII (times) 17.45x 3.88x
Employee (times)
Other (times)
Total (times) 16.79x 2.50x

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