ResGen IPO vs Vertexplus Technologies IPO

Comparision between ResGen IPO and Vertexplus Technologies IPO.

IPO Details

ResGen IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Vertexplus Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	ResGen IPO	Vertexplus Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Gretex Share Broking Private Limited	Prabhat Financial Services Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ResGen IPO is up to ₹28.20 Cr whereas the issue size of the Vertexplus Technologies IPO is up to ₹14.20 Cr. The final issue price of ResGen IPO is ₹47.00 per share and of Vertexplus Technologies IPO is ₹96.00 per share.

	ResGen IPO	Vertexplus Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹45.00 per share	₹91.00 per share
Issue Price (Upper)	₹47.00 per share	₹96.00 per share
Issue Price (Final)	₹47.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	60,00,000 shares	14,79,600 shares
Fresh Issue Size (Amount)	up to ₹28.20 Cr	up to ₹14.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	14,79,600 shares
Issue Size Total (Amount)	up to ₹28.20 Cr	up to ₹14.20 Cr

IPO Timetable

ResGen IPO opens on Feb 28, 2023, while Vertexplus Technologies IPO opens on Mar 02, 2023. The closing date of ResGen IPO and Vertexplus Technologies IPO is Mar 02, 2023, and Mar 06, 2023, respectively.

	ResGen IPO	Vertexplus Technologies IPO
Anchor Bid Date	Feb 27, 2023	Mar 01, 2023
Issue Open	Feb 28, 2023	Mar 02, 2023
Issue Close	Mar 02, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 10, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 07, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 06, 2023	Jun 08, 2023

Financials

ResGen IPO P/E ratio is 27.33, as compared to Vertexplus Technologies IPO P/E ratio of 28.83.

ResGen IPO

Vertexplus Technologies IPO

Financial

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

Vertexplus Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	989.70	1,963.92	61.23	380.37	379.37	209.55
31-Mar-21	1,103.71	2,025.61	104.98	487.15	486.15	227.40
31-Mar-22	1,308.76	2,132.04	186.05	673.11	273.11	279.15
30-Sep-22	1,599.17	1,091.71	91.26	807.62	407.62	360.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.15%

100.00%

Promoter Shareholding (Post-Issue)

67.22%

P/E Ratio

27.33

28.83

Market Cap

₹98.58 Cr.

₹52.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ResGen IPO retail investors (RII) are offered 19,98,000 shares while in Vertexplus Technologies IPO retail investors are offered 19,98,000 shares. Qualified institutional buyers (QIB) are offered 28,20,000 shares in ResGen IPO and 2,86,800 shares in Vertexplus Technologies IPO.

	ResGen IPO	Vertexplus Technologies IPO
Anchor Investor Reserveration		4,15,200 shares
Market Maker Reserveration	3,00,000 shares	74,400 shares
QIB	28,20,000 shares	2,86,800 shares
NII	8,82,000 shares	2,11,200 shares
RII	19,98,000 shares	4,92,000 shares
Employee
Others
Total	57,00,000 shares	14,05,200 shares

Bids Received (Subscription)

ResGen IPO subscribed 2.50x in total, whereas Vertexplus Technologies IPO subscribed 11.01x.

	ResGen IPO	Vertexplus Technologies IPO
QIB (times)	1.09x	1.43x
NII (times)	3.87x	35.15x
Big NII (times)
Small NII (times)
RII (times)	3.88x	15.53x
Employee (times)
Other (times)
Total (times)	2.50x	11.01x

Compare with others

ResGen IPO	Vertexplus Technologies IPO
Sudarshan Pharma Industries IPO	VELS Film International IPO
Vertexplus Technologies IPO	Bright Outdoor Media IPO
MCON Rasayan IPO	Prospect Commodities IPO
Systango Technologies IPO	Quality Foils (India) IPO
Amanaya Ventures IPO	Sudarshan Pharma Industries IPO
Srivasavi Adhesive Tapes IPO	MCON Rasayan IPO
SVJ Enterprises IPO	Systango Technologies IPO
Sealmatic India IPO	Amanaya Ventures IPO
Macfos IPO	ResGen IPO
ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes IPO

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