Gretex Corporate Services IPO vs Times Green Energy IPO

Comparision between Gretex Corporate Services IPO and Times Green Energy IPO.

IPO Details

Gretex Corporate Services IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Times Green Energy IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Gretex Corporate Services IPO	Times Green Energy 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	Aryaman Financial Services Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
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 Times Green Energy IPO is up to ₹4.05 Cr. The final issue price of Gretex Corporate Services IPO is ₹170.00 per share and of Times Green Energy IPO is ₹61.00 per share.

	Gretex Corporate Services IPO	Times Green Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹170.00 per share	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 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	6,64,000 shares
Issue Size Total (Amount)	up to ₹5.13 Cr	up to ₹4.05 Cr

IPO Timetable

Gretex Corporate Services IPO opens on Jul 27, 2021, while Times Green Energy IPO opens on Jun 16, 2021. The closing date of Gretex Corporate Services IPO and Times Green Energy IPO is Jul 30, 2021, and Jun 22, 2021, respectively.

	Gretex Corporate Services IPO	Times Green Energy IPO
Anchor Bid Date
Issue Open	Jul 27, 2021	Jun 16, 2021
Issue Close	Jul 30, 2021	Jun 22, 2021
Basis Of Allotment (Tentative)	Aug 04, 2021	Jun 25, 2021
Initiation of Refunds (Tentative)	Aug 05, 2021	Jun 28, 2021
Credit of Share (Tentative)	Aug 06, 2021	Jun 29, 2021
Listing date (Tentative)	Aug 09, 2021	Jun 30, 2021
Anchor Lockin End date 1	Sep 03, 2021	Jul 25, 2021
Anchor Lockin End date 2	Nov 02, 2021	Sep 23, 2021

Financials

Gretex Corporate Services IPO P/E ratio is , as compared to Times Green Energy IPO P/E ratio of .

Gretex Corporate Services IPO

Times Green Energy 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 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)

100%

79.20%

Promoter Shareholding (Post-Issue)

73.48%

47.60%

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 Times Green Energy IPO retail investors are offered 1,43,200 shares. Qualified institutional buyers (QIB) are offered in Gretex Corporate Services IPO and in Times Green Energy IPO.

	Gretex Corporate Services IPO	Times Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration	15,200 shares	40,000 shares
QIB
NII	1,43,200 shares	3,12,000 shares
RII	1,43,200 shares	3,12,000 shares
Employee
Others
Total	2,86,400 shares	6,24,000 shares

Bids Received (Subscription)

Gretex Corporate Services IPO subscribed 7.27x in total, whereas Times Green Energy IPO subscribed 2.94x.

	Gretex Corporate Services IPO	Times Green Energy IPO
QIB (times)
NII (times)	2.37x	0.83x
Big NII (times)
Small NII (times)
RII (times)	12.17x	5.05x
Employee (times)
Other (times)
Total (times)	7.27x	2.94x

Compare with others

Gretex Corporate Services IPO	Times Green Energy IPO
BEW Engineering IPO	Gretex Corporate Services IPO
SBL Infratech Limited IPO	Rex Pipes and Cables IPO
DU Digital Technologies IPO	AA Plus Tradelink IPO
Aashka Hospitals IPO	Walpar Nutritions IPO
NPST IPO	Focus Business Solution IPO
Rex Pipes and Cables IPO	Adeshwar Meditex IPO
AA Plus Tradelink IPO	Navoday Enterprises IPO
Walpar Nutritions IPO	Abhishek Integrations IPO
Focus Business Solution IPO	Kuberan Global Edu Solutions IPO
Times Green Energy IPO	Jetmall spices and masala ipo

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