Phoenix Overseas IPO vs Rappid Valves (India) IPO

Comparision between Phoenix Overseas IPO and Rappid Valves (India) IPO.

IPO Details

Phoenix Overseas IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rappid Valves (India) IPO is a SME Book Built Issue proposed to list at NSE SME.

	Phoenix Overseas IPO	Rappid Valves (India) IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khandwala Securities Limited	Shreni Shares Limited
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Rikhav Securities 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 Phoenix Overseas IPO is up to ₹36.03 Cr whereas the issue size of the Rappid Valves (India) IPO is up to ₹30.41 Cr. The final issue price of Phoenix Overseas IPO is ₹64.00 per share and of Rappid Valves (India) IPO is ₹222.00 per share.

	Phoenix Overseas IPO	Rappid Valves (India) IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹61.00 per share	₹210.00 per share
Issue Price (Upper)	₹64.00 per share	₹222.00 per share
Issue Price (Final)	₹64.00 per share	₹222.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	45,80,000 shares	13,69,800 shares
Fresh Issue Size (Amount)	up to ₹29.31 Cr	up to ₹30.41 Cr
OFS Issue Size	10,50,000 shares
OFS Issue Size (Amount)	up to ₹6.72 Cr
Issue Size Total	56,30,000 shares	13,69,800 shares
Issue Size Total (Amount)	up to ₹36.03 Cr	up to ₹30.41 Cr

IPO Timetable

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

	Phoenix Overseas 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 25, 2024
Anchor Lockin End date 2		Dec 24, 2024

Financials

Phoenix Overseas IPO P/E ratio is 17.18, as compared to Rappid Valves (India) IPO P/E ratio of 20.53.

Phoenix Overseas IPO

Rappid Valves (India) IPO

Financial

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% 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	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
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)

99.16%

69.46%

Promoter Shareholding (Post-Issue)

51.13%

P/E Ratio

17.18

20.53

Market Cap

₹123.81 Cr.

₹115.26 Cr.

ROE

10.74%%

53.88%%

ROCE

15.28%%

29.88%%

Debt/Equity

0.59

0.9

EPS

₹3.72

₹10.81

RoNW

10.74%%

33.82%%

Shares Offered

In the Phoenix Overseas IPO retail investors (RII) are offered 22,46,000 shares while in Rappid Valves (India) IPO retail investors are offered 22,46,000 shares. Qualified institutional buyers (QIB) are offered 8,02,000 shares in Phoenix Overseas IPO and 2,59,800 shares in Rappid Valves (India) IPO.

	Phoenix Overseas IPO	Rappid Valves (India) IPO
Anchor Investor Reserveration		3,89,400 shares
Market Maker Reserveration	1,96,000 shares	69,600 shares
QIB	8,02,000 shares	2,59,800 shares
NII	23,86,000 shares	1,95,600 shares
RII	22,46,000 shares	4,55,400 shares
Employee	0 shares	0 shares
Others
Total	54,34,000 shares	9,10,800 shares

Bids Received (Subscription)

Phoenix Overseas IPO subscribed 119.22x in total, whereas Rappid Valves (India) IPO subscribed 176.06x.

	Phoenix Overseas IPO	Rappid Valves (India) IPO
QIB (times)	65.74x	55.97x
NII (times)	109.71x	491.49x
Big NII (times)
Small NII (times)
RII (times)	148.43x	109.09x
Employee (times)
Other (times)
Total (times)	119.22x	176.06x

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