Gretex Corporate Services IPO vs Rex Pipes and Cables IPO

Comparision between Gretex Corporate Services IPO and Rex Pipes and Cables IPO.

IPO Details

Gretex Corporate Services 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.

	Gretex Corporate Services 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 Gretex Corporate Services IPO is up to ₹5.13 Cr whereas the issue size of the Rex Pipes and Cables IPO is up to ₹6.24 Cr. The final issue price of Gretex Corporate Services IPO is ₹170.00 per share and of Rex Pipes and Cables IPO is ₹26.00 per share.

	Gretex Corporate Services IPO	Rex Pipes and Cables IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹170.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	4000 shares
Fresh Issue Size	2,37,600 shares
Fresh Issue Size (Amount)	up to ₹4.04 Cr
OFS Issue Size	64,000 shares
OFS Issue Size (Amount)	up to ₹1.09 Cr
Issue Size Total	3,01,600 shares	24,00,000 shares
Issue Size Total (Amount)	up to ₹5.13 Cr	up to ₹6.24 Cr

IPO Timetable

Gretex Corporate Services IPO opens on Jul 27, 2021, while Rex Pipes and Cables IPO opens on Jul 28, 2021. The closing date of Gretex Corporate Services IPO and Rex Pipes and Cables IPO is Jul 30, 2021, and Aug 02, 2021, respectively.

	Gretex Corporate Services IPO	Rex Pipes and Cables IPO
Anchor Bid Date
Issue Open	Jul 27, 2021	Jul 28, 2021
Issue Close	Jul 30, 2021	Aug 02, 2021
Basis Of Allotment (Tentative)	Aug 04, 2021	Aug 05, 2021
Initiation of Refunds (Tentative)	Aug 05, 2021	Aug 06, 2021
Credit of Share (Tentative)	Aug 06, 2021	Aug 09, 2021
Listing date (Tentative)	Aug 09, 2021	Aug 10, 2021
Anchor Lockin End date 1	Sep 03, 2021	Sep 04, 2021
Anchor Lockin End date 2	Nov 02, 2021	Nov 03, 2021

Financials

Gretex Corporate Services IPO P/E ratio is , as compared to Rex Pipes and Cables IPO P/E ratio of .

Gretex Corporate Services IPO

Rex Pipes and Cables IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,011.22	838.21	946.16
Total Revenue	324.63	145.31	315.53
Profit After Tax	71.41	(115.21)	24.97

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)

100%

84.65%

Promoter Shareholding (Post-Issue)

73.48%

61.03%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Gretex Corporate Services IPO retail investors (RII) are offered 1,43,200 shares while in Rex Pipes and Cables IPO retail investors are offered 1,43,200 shares. Qualified institutional buyers (QIB) are offered in Gretex Corporate Services IPO and in Rex Pipes and Cables IPO.

	Gretex Corporate Services IPO	Rex Pipes and Cables IPO
Anchor Investor Reserveration
Market Maker Reserveration	15,200 shares	1,20,000 shares
QIB
NII	1,43,200 shares	11,40,000 shares
RII	1,43,200 shares	11,40,000 shares
Employee
Others
Total	2,86,400 shares	22,80,000 shares

Bids Received (Subscription)

Gretex Corporate Services IPO subscribed 7.27x in total, whereas Rex Pipes and Cables IPO subscribed 23.99x.

	Gretex Corporate Services IPO	Rex Pipes and Cables IPO
QIB (times)
NII (times)	2.37x	6.84x
Big NII (times)
Small NII (times)
RII (times)	12.17x	41.13x
Employee (times)
Other (times)
Total (times)	7.27x	23.99x

Compare with others

Gretex Corporate Services IPO	Rex Pipes and Cables IPO
BEW Engineering IPO	SBL Infratech Limited IPO
SBL Infratech Limited IPO	DU Digital Technologies IPO
DU Digital Technologies IPO	Aashka Hospitals IPO
Aashka Hospitals IPO	NPST IPO
NPST IPO	Gretex Corporate Services IPO
Rex Pipes and Cables IPO	AA Plus Tradelink IPO
AA Plus Tradelink IPO	Walpar Nutritions IPO
Walpar Nutritions IPO	Focus Business Solution IPO
Focus Business Solution IPO	Times Green Energy IPO
Times Green Energy IPO	Adeshwar Meditex IPO

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