DHARNI Capital Services IPO vs Rex Sealing and Packing Industries IPO

Comparision between DHARNI Capital Services IPO and Rex Sealing and Packing Industries IPO.

IPO Details

DHARNI Capital Services IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rex Sealing and Packing Industries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Srujan Alpha Capital Advisors Llp	Aryaman Financial Services Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Aryaman Capital Markets 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 DHARNI Capital Services IPO is up to ₹10.74 Cr whereas the issue size of the Rex Sealing and Packing Industries IPO is up to ₹8.09 Cr. The final issue price of DHARNI Capital Services IPO is ₹20.00 per share and of Rex Sealing and Packing Industries IPO is ₹135.00 per share.

	DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹20.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	1000 shares
Fresh Issue Size	53,70,000 shares	3,00,000 shares
Fresh Issue Size (Amount)	up to ₹10.74 Cr	up to ₹4.05 Cr
OFS Issue Size		2,99,000 shares
OFS Issue Size (Amount)		up to ₹4.04 Cr
Issue Size Total	53,70,000 shares	5,99,000 shares
Issue Size Total (Amount)	up to ₹10.74 Cr	up to ₹8.09 Cr

IPO Timetable

DHARNI Capital Services IPO opens on Jan 18, 2023, while Rex Sealing and Packing Industries IPO opens on Dec 30, 2022. The closing date of DHARNI Capital Services IPO and Rex Sealing and Packing Industries IPO is Jan 20, 2023, and Jan 04, 2023, respectively.

	DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO
Anchor Bid Date
Issue Open	Jan 18, 2023	Dec 30, 2022
Issue Close	Jan 20, 2023	Jan 04, 2023
Basis Of Allotment (Tentative)	Jan 25, 2023	Jan 09, 2023
Initiation of Refunds (Tentative)	Jan 27, 2023	Jan 10, 2023
Credit of Share (Tentative)	Jan 30, 2023	Jan 11, 2023
Listing date (Tentative)	Jan 31, 2023	Jan 12, 2023
Anchor Lockin End date 1	Feb 24, 2023	Feb 08, 2023
Anchor Lockin End date 2	Apr 25, 2023	Apr 09, 2023

Financials

DHARNI Capital Services IPO P/E ratio is 34.48, as compared to Rex Sealing and Packing Industries IPO P/E ratio of 19.62.

DHARNI Capital Services IPO

Rex Sealing and Packing Industries IPO

Financial

DHARNI Capital Services Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	19.16	19.87	1.34	-4.11	22.48
31-Mar-21	25.35	255.41	15.26	11.16	9.35
31-Mar-22	245.24	1,469.40	96.58	226.74	0.00
30-Sep-22	292.91	304.95	58.73	285.74	0.00
Amount in ₹ Lakhs

Rex Sealing and Packing Industries Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1357.01	2017.7	113.32	732.87	437.35
31-Mar-21	1317.08	1726.3	36.81	769.67	338.95
31-Mar-22	1443.75	2115.68	54.62	824.3	377.71
30-Jun-22	1508.67	571.62	37.6	861.9	328.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

73.64%

73.02%

P/E Ratio

34.48

19.62

Market Cap

₹40.74 Cr.

₹29.97 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the DHARNI Capital Services IPO retail investors (RII) are offered 25,50,000 shares while in Rex Sealing and Packing Industries IPO retail investors are offered 25,50,000 shares. Qualified institutional buyers (QIB) are offered in DHARNI Capital Services IPO and in Rex Sealing and Packing Industries IPO.

	DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,70,000 shares	33,000 shares
QIB
NII	25,50,000 shares	2,83,000 shares
RII	25,50,000 shares	2,83,000 shares
Employee
Others
Total	51,00,000 shares	5,66,000 shares

Bids Received (Subscription)

DHARNI Capital Services IPO subscribed 6.57x in total, whereas Rex Sealing and Packing Industries IPO subscribed 2.65x.

	DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO
QIB (times)
NII (times)	6.32x	2.00x
Big NII (times)
Small NII (times)
RII (times)	6.83x	3.30x
Employee (times)
Other (times)
Total (times)	6.57x	2.65x

Compare with others

DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO
Agarwal Float Glass India IPO	DHARNI Capital Services IPO
Shera Energy IPO	Aristo Bio-Tech and Lifescience IPO
Gayatri Rubbers and Chemicals IPO	Ducol Organics And Colours IPO
Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Transvoy Logistics India IPO	Chaman Metallics IPO
Aristo Bio-Tech and Lifescience IPO	SVS Ventures IPO
Ducol Organics And Colours IPO	Anlon Technology Solutions IPO
Eastern Logica Infoway IPO	Moxsh Overseas Educon IPO
Chaman Metallics IPO	RBM Infracon IPO
Rex Sealing and Packing Industries IPO	Homesfy Realty IPO

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