Adeshwar Meditex IPO vs Rex Pipes and Cables IPO

Comparision between Adeshwar Meditex IPO and Rex Pipes and Cables IPO.

IPO Details

Adeshwar Meditex IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rex Pipes and Cables IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Adeshwar Meditex IPO	Rex Pipes and Cables IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Navigant Corporate Advisors Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Adeshwar Meditex IPO is up to ₹9.75 Cr whereas the issue size of the Rex Pipes and Cables IPO is up to ₹6.24 Cr. The final issue price of Adeshwar Meditex IPO is ₹25.00 per share and of Rex Pipes and Cables IPO is ₹26.00 per share.

	Adeshwar Meditex IPO	Rex Pipes and Cables IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹25.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	4000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	39,00,000 shares	24,00,000 shares
Issue Size Total (Amount)	up to ₹9.75 Cr	up to ₹6.24 Cr

IPO Timetable

Adeshwar Meditex IPO opens on Jun 15, 2021, while Rex Pipes and Cables IPO opens on Jul 28, 2021. The closing date of Adeshwar Meditex IPO and Rex Pipes and Cables IPO is Jun 18, 2021, and Aug 02, 2021, respectively.

	Adeshwar Meditex IPO	Rex Pipes and Cables IPO
Anchor Bid Date
Issue Open	Jun 15, 2021	Jul 28, 2021
Issue Close	Jun 18, 2021	Aug 02, 2021
Basis Of Allotment (Tentative)	Jun 23, 2021	Aug 05, 2021
Initiation of Refunds (Tentative)	Jun 24, 2021	Aug 06, 2021
Credit of Share (Tentative)	Jun 25, 2021	Aug 09, 2021
Listing date (Tentative)	Jun 28, 2021	Aug 10, 2021
Anchor Lockin End date 1	Jul 23, 2021	Sep 04, 2021
Anchor Lockin End date 2	Sep 21, 2021	Nov 03, 2021

Financials

Adeshwar Meditex IPO P/E ratio is , as compared to Rex Pipes and Cables IPO P/E ratio of .

Adeshwar Meditex IPO

Rex Pipes and Cables IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in lakhs)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	6,560.31	5,480.65	4,386.71	3,281.38
Total Revenue	5,208.66	5,639.26	5,473.93	5,869.67
Profit After Tax	138.92	201.49	225.10	256.08

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

Promoter Shareholding (Pre-Issue)

58.45%

84.65%

Promoter Shareholding (Post-Issue)

42.65%

61.03%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adeshwar Meditex IPO retail investors (RII) are offered 18,48,000 shares while in Rex Pipes and Cables IPO retail investors are offered 18,48,000 shares. Qualified institutional buyers (QIB) are offered in Adeshwar Meditex IPO and in Rex Pipes and Cables IPO.

	Adeshwar Meditex IPO	Rex Pipes and Cables IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,04,000 shares	1,20,000 shares
QIB
NII	18,48,000 shares	11,40,000 shares
RII	18,48,000 shares	11,40,000 shares
Employee
Others
Total	36,96,000 shares	22,80,000 shares

Bids Received (Subscription)

Adeshwar Meditex IPO subscribed 1.85x in total, whereas Rex Pipes and Cables IPO subscribed 23.99x.

	Adeshwar Meditex IPO	Rex Pipes and Cables IPO
QIB (times)
NII (times)	1.50x	6.84x
Big NII (times)
Small NII (times)
RII (times)	2.21x	41.13x
Employee (times)
Other (times)
Total (times)	1.85x	23.99x

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