Avax Apparels And Ornaments IPO vs Rappid Valves (India) IPO

Comparision between Avax Apparels And Ornaments IPO and Rappid Valves (India) IPO.

IPO Details

Avax Apparels And Ornaments IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Rappid Valves (India) IPO is a SME Book Built Issue proposed to list at NSE SME.

	Avax Apparels And Ornaments IPO	Rappid Valves (India) IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	SKI Capital Services Limited	Shreni Shares Limited
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	SKI Capital Services Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Avax Apparels And Ornaments IPO is up to ₹1.92 Cr whereas the issue size of the Rappid Valves (India) IPO is up to ₹30.41 Cr. The final issue price of Avax Apparels And Ornaments IPO is ₹70.00 per share and of Rappid Valves (India) IPO is .

	Avax Apparels And Ornaments IPO	Rappid Valves (India) IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹210.00 per share
Issue Price (Upper)		₹222.00 per share
Issue Price (Final)	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	2,74,000 shares	13,69,800 shares
Fresh Issue Size (Amount)	up to ₹1.92 Cr	up to ₹30.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,74,000 shares	13,69,800 shares
Issue Size Total (Amount)	up to ₹1.92 Cr	up to ₹30.41 Cr

IPO Timetable

Avax Apparels And Ornaments IPO opens on Sep 20, 2024, while Rappid Valves (India) IPO opens on Sep 23, 2024. The closing date of Avax Apparels And Ornaments IPO and Rappid Valves (India) IPO is Sep 24, 2024, and Sep 25, 2024, respectively.

	Avax Apparels And Ornaments IPO	Rappid Valves (India) IPO
Anchor Bid Date		Sep 20, 2024
Issue Open	Sep 20, 2024	Sep 23, 2024
Issue Close	Sep 24, 2024	Sep 25, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 26, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 27, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 27, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 30, 2024
Anchor Lockin End date 1		Oct 26, 2024
Anchor Lockin End date 2		Dec 25, 2024

Financials

Avax Apparels And Ornaments IPO P/E ratio is 3.88, as compared to Rappid Valves (India) IPO P/E ratio of 20.53.

Avax Apparels And Ornaments IPO

Rappid Valves (India) IPO

Financial

Avax Apparels And Ornaments Limited Financial Information (Restated)

Avax Apparels And Ornaments Limited's revenue increased by 50% and profit after tax (PAT) rose by 99% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	484.6	346.89	57.66
Revenue	2,205.98	1,470.21	28.87
Profit After Tax	138.19	69.44	1.01
Net Worth	314.68	176.49	1.65
Total Borrowing	41.13	23.07	15.28
Amount in ₹ Lakhs

Rappid Valves (India) Limited Financial Information (Restated)

Rappid Valves (India) Limited's revenue increased by 123% and profit after tax (PAT) rose by 807% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,994.41	1,656.75	1,217.6
Revenue	3,660.06	1,643.42	1,215.24
Profit After Tax	413.27	45.56	28.98
Net Worth	1,221.98	312.21	-24.64
Reserves and Surplus	371.98	-37.79	-79.64
Total Borrowing	1,098.3	992.65	977.57
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

57.00%

69.46%

Promoter Shareholding (Post-Issue)

41.97%

51.13%

P/E Ratio

3.88

20.53

Market Cap

₹7.27 Cr.

₹115.26 Cr.

ROE

43.91%%

53.88%%

ROCE

37.50%%

29.88%%

Debt/Equity

0.9

EPS

₹18.06

₹10.81

RoNW

43.91%%

33.82%%

Shares Offered

In the Avax Apparels And Ornaments IPO retail investors (RII) are offered while in Rappid Valves (India) IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Avax Apparels And Ornaments IPO and in Rappid Valves (India) IPO.

	Avax Apparels And Ornaments IPO	Rappid Valves (India) IPO
Anchor Investor Reserveration		3,89,400 shares
Market Maker Reserveration	14,000 shares	69,600 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Avax Apparels And Ornaments IPO subscribed in total, whereas Rappid Valves (India) IPO subscribed .

	Avax Apparels And Ornaments IPO	Rappid Valves (India) IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

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