ITCONS E-Solutions IPO vs ResGen IPO

Comparision between ITCONS E-Solutions IPO and ResGen IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Book Built Issue IPO proposed to list at BSE SME while ResGen IPO is a SME Book Built Issue proposed to list at BSE SME.

	ITCONS E-Solutions IPO	ResGen IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Gretex Corporate Services Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Gretex Share Broking Private 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 ITCONS E-Solutions IPO is up to ₹8.67 Cr whereas the issue size of the ResGen IPO is up to ₹28.20 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of ResGen IPO is ₹47.00 per share.

	ITCONS E-Solutions IPO	ResGen IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹45.00 per share
Issue Price (Upper)		₹47.00 per share
Issue Price (Final)	₹51.00 per share	₹47.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	17,00,000 shares	60,00,000 shares
Fresh Issue Size (Amount)	up to ₹8.67 Cr	up to ₹28.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,00,000 shares	60,00,000 shares
Issue Size Total (Amount)	up to ₹8.67 Cr	up to ₹28.20 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while ResGen IPO opens on Feb 28, 2023. The closing date of ITCONS E-Solutions IPO and ResGen IPO is Mar 02, 2023, and Mar 02, 2023, respectively.

	ITCONS E-Solutions IPO	ResGen IPO
Anchor Bid Date		Feb 27, 2023
Issue Open	Feb 28, 2023	Feb 28, 2023
Issue Close	Mar 02, 2023	Mar 02, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Mar 08, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Mar 09, 2023
Credit of Share (Tentative)	Mar 10, 2023	Mar 10, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 13, 2023
Anchor Lockin End date 1	Apr 07, 2023	Apr 07, 2023
Anchor Lockin End date 2	Jun 06, 2023	Jun 06, 2023

Financials

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to ResGen IPO P/E ratio of 27.33.

ITCONS E-Solutions IPO

ResGen IPO

Financial

ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	351.17	834.95	10.57	96.78	95.64	145.06
31-Mar-21	341.21	842.48	7.53	104.31	103.17	136.33
31-Mar-22	470.71	1,820.36	119.11	223.42	222.28	106.23
30-Sep-22	792.37	1,605.05	106.12	462.23	129.36	176.70
Amount in ₹ Lakhs

ResGen Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	161.78		-15.15	136.13	-18.37	24.05
31-Mar-21	1,110.01	2.00	0.63	136.76	-17.74	961.33
31-Mar-22	1,371.31	480.81	73.50	367.46	147.46	932.92
05-Dec-22	3,917.97	1,265.34	246.44	1,510.30	1,091.10	1,486.06
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.67%

94.15%

Promoter Shareholding (Post-Issue)

59.36%

67.22%

P/E Ratio

12.09

27.33

Market Cap

₹25.65 Cr.

₹98.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITCONS E-Solutions IPO retail investors (RII) are offered 8,08,000 shares while in ResGen IPO retail investors are offered 8,08,000 shares. Qualified institutional buyers (QIB) are offered in ITCONS E-Solutions IPO and 28,20,000 shares in ResGen IPO.

	ITCONS E-Solutions IPO	ResGen IPO
Anchor Investor Reserveration
Market Maker Reserveration	86,000 shares	3,00,000 shares
QIB		28,20,000 shares
NII	8,06,000 shares	8,82,000 shares
RII	8,08,000 shares	19,98,000 shares
Employee
Others
Total	16,14,000 shares	57,00,000 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas ResGen IPO subscribed 2.50x.

	ITCONS E-Solutions IPO	ResGen IPO
QIB (times)		1.09x
NII (times)	16.12x	3.87x
Big NII (times)
Small NII (times)
RII (times)	17.45x	3.88x
Employee (times)
Other (times)
Total (times)	16.79x	2.50x

Compare with others

ITCONS E-Solutions IPO	ResGen IPO
ResGen IPO	Sudarshan Pharma Industries IPO
Srivasavi Adhesive Tapes IPO	Vertexplus Technologies IPO
SVJ Enterprises IPO	MCON Rasayan IPO
Sealmatic India IPO	Systango Technologies IPO
Macfos IPO	Amanaya Ventures IPO
Viaz Tyres IPO	Srivasavi Adhesive Tapes IPO
Patron Exim IPO	SVJ Enterprises IPO
Lead Reclaim and Rubber Products IPO	Sealmatic India IPO
Indong Tea Company IPO	Macfos IPO
Agarwal Float Glass India IPO	ITCONS E-Solutions IPO

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