Alpex Solar IPO vs Rudra Gas Enterprise IPO

Comparision between Alpex Solar IPO and Rudra Gas Enterprise IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Alpex Solar IPO	Rudra Gas Enterprise IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Ss Corporate Securities Limited	Spread X Securities Private Limited
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 Alpex Solar IPO is up to ₹74.52 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹14.16 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

	Alpex Solar IPO	Rudra Gas Enterprise IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹109.00 per share
Issue Price (Upper)	₹115.00 per share
Issue Price (Final)	₹115.00 per share	₹63.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	64,80,000 shares	22,48,000 shares
Fresh Issue Size (Amount)	up to ₹74.52 Cr	up to ₹14.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,80,000 shares	22,48,000 shares
Issue Size Total (Amount)	up to ₹74.52 Cr	up to ₹14.16 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Alpex Solar IPO and Rudra Gas Enterprise IPO is Feb 12, 2024, and Feb 12, 2024, respectively.

	Alpex Solar IPO	Rudra Gas Enterprise IPO
Anchor Bid Date	Feb 07, 2024
Issue Open	Feb 08, 2024	Feb 08, 2024
Issue Close	Feb 12, 2024	Feb 12, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Feb 13, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 14, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 14, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 15, 2024
Anchor Lockin End date 1	Mar 14, 2024
Anchor Lockin End date 2	May 13, 2024

Financials

Alpex Solar IPO P/E ratio is 54.66, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

Alpex Solar IPO

Rudra Gas Enterprise IPO

Financial

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,188.46	12,559.64	10,003.75	9,935.35
Revenue	21,310.72	19,592.07	16,853.62	14,972.96
Profit After Tax	760.58	378.58	19.42	315.23
Net Worth	4,906.86	4,146.29	3,767.70	3,748.28
Reserves and Surplus	4,307.08	3,546.51	3,167.92	3,148.50
Total Borrowing	4,175.15	4,735.73	2,669.98	2,992.68
Amount in ₹ Lakhs

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,345.39	3,380.56	2,804.92	1,960.50
Revenue	3,446.81	4,957.02	4,395.95	2,816.96
Profit After Tax	247.41	352.02	179.41	127.05
Net Worth	1,149.10	798.50	446.48	267.07
Reserves and Surplus	540.10	773.50	421.48	242.07
Total Borrowing	1,990.15	1,738.34	1,379.98	1,008.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.53%

99.99%

Promoter Shareholding (Post-Issue)

68.76%

73.03%

P/E Ratio

54.66

10.9

Market Cap

₹281.44 Cr.

₹52.53 Cr.

ROE

9.55%%

57%%

ROCE

18.81%%

25%%

Debt/Equity

1.14

2.18

EPS

₹2.10

₹5.78

RoNW

9.55%%

44.09%%

Shares Offered

In the Alpex Solar IPO retail investors (RII) are offered 21,55,200 shares while in Rudra Gas Enterprise IPO retail investors are offered 21,55,200 shares. Qualified institutional buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and 0 shares in Rudra Gas Enterprise IPO.

	Alpex Solar IPO	Rudra Gas Enterprise IPO
Anchor Investor Reserveration	18,45,600 shares
Market Maker Reserveration	3,24,000 shares	1,16,000 shares
QIB	12,31,200 shares	0 shares
NII	9,24,000 shares	10,66,000 shares
RII	21,55,200 shares	10,66,000 shares
Employee	0 shares	0 shares
Others
Total	43,10,400 shares	21,32,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

	Alpex Solar IPO	Rudra Gas Enterprise IPO
QIB (times)	141.48x
NII (times)	502.31x	286.62x
Big NII (times)
Small NII (times)
RII (times)	351.89x	404.38x
Employee (times)
Other (times)
Total (times)	324.03x	350.75x

Compare with others

Alpex Solar IPO	Rudra Gas Enterprise IPO
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Rudra Gas Enterprise IPO	Kalahridhaan Trendz IPO
WTI Cabs IPO	Polysil Irrigation Systems IPO
Italian Edibles IPO	WTI Cabs IPO
Gabriel Pet Straps IPO	Alpex Solar IPO
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