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Rex Pipes and Cables IPO vs Times Green Energy IPO

Comparision between Rex Pipes and Cables IPO and Times Green Energy IPO.

IPO Details

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

  Rex Pipes and Cables IPO Times Green Energy IPO
Logo Rex Pipes and Cables IPO Logo Times Green Energy IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Navigant Corporate Advisors Ltd Aryaman Financial Services Limited
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Rex Pipes and Cables IPO is up to ₹6.24 Cr whereas the issue size of the Times Green Energy IPO is up to ₹4.05 Cr. The final issue price of Rex Pipes and Cables IPO is ₹26.00 per share and of Times Green Energy IPO is ₹61.00 per share.

  Rex Pipes and Cables IPO Times 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)
Discount (Employee)
Market Lot Size 4000 shares 2000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 24,00,000 shares 6,64,000 shares
Issue Size Total (Amount) up to ₹6.24 Cr up to ₹4.05 Cr

IPO Timetable

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

  Rex Pipes and Cables IPO Times Green Energy IPO
Anchor Bid Date
Issue Open Jul 28, 2021 Jun 16, 2021
Issue Close Aug 02, 2021 Jun 22, 2021
Basis Of Allotment (Tentative) Aug 05, 2021 Jun 25, 2021
Initiation of Refunds (Tentative) Aug 06, 2021 Jun 28, 2021
Credit of Share (Tentative) Aug 09, 2021 Jun 29, 2021
Listing date (Tentative) Aug 10, 2021 Jun 30, 2021
Anchor Lockin End date 1 Sep 04, 2021 Jul 25, 2021
Anchor Lockin End date 2 Nov 03, 2021 Sep 23, 2021

Financials

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

  Rex Pipes and Cables IPO Times Green Energy IPO
Financial
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) 84.65% 79.20%
Promoter Shareholding (Post-Issue) 61.03% 47.60%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rex Pipes and Cables IPO retail 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 and Cables IPO and in Times Green Energy IPO.

  Rex Pipes and Cables IPO Times Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,20,000 shares 40,000 shares
QIB
NII 11,40,000 shares 3,12,000 shares
RII 11,40,000 shares 3,12,000 shares
Employee
Others
Total 22,80,000 shares 6,24,000 shares

Bids Received (Subscription)

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

  Rex Pipes and Cables IPO Times Green Energy IPO
QIB (times)
NII (times) 6.84x 0.83x
Big NII (times)
Small NII (times)
RII (times) 41.13x 5.05x
Employee (times)
Other (times)
Total (times) 23.99x 2.94x

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