Divyadhan Recycling Industries IPO vs Rappid Valves (India) IPO

Comparision between Divyadhan Recycling Industries IPO and Rappid Valves (India) IPO.

IPO Details

Divyadhan Recycling Industries 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.

	Divyadhan Recycling Industries 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	Narnolia Financial Services Ltd	Shreni Shares Limited
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Kantilal Chhaganlal Securities Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Divyadhan Recycling Industries IPO is up to ₹24.17 Cr whereas the issue size of the Rappid Valves (India) IPO is up to ₹30.41 Cr. The final issue price of Divyadhan Recycling Industries IPO is ₹64.00 per share and of Rappid Valves (India) IPO is ₹222.00 per share.

	Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 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	37,76,000 shares	13,69,800 shares
Fresh Issue Size (Amount)	up to ₹24.17 Cr	up to ₹30.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,76,000 shares	13,69,800 shares
Issue Size Total (Amount)	up to ₹24.17 Cr	up to ₹30.41 Cr

IPO Timetable

Divyadhan Recycling Industries IPO opens on Sep 26, 2024, while Rappid Valves (India) IPO opens on Sep 23, 2024. The closing date of Divyadhan Recycling Industries IPO and Rappid Valves (India) IPO is Sep 30, 2024, and Sep 25, 2024, respectively.

	Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
Anchor Bid Date	Sep 25, 2024	Sep 20, 2024
Issue Open	Sep 26, 2024	Sep 23, 2024
Issue Close	Sep 30, 2024	Sep 25, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 26, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Sep 27, 2024
Credit of Share (Tentative)	Oct 03, 2024	Sep 27, 2024
Listing date (Tentative)	Oct 04, 2024	Sep 30, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 26, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 25, 2024

Financials

Divyadhan Recycling Industries IPO P/E ratio is 28.34, as compared to Rappid Valves (India) IPO P/E ratio of 20.53.

Divyadhan Recycling Industries IPO

Rappid Valves (India) IPO

Financial

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% 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	2,412.11	1,938.64	1,767.74
Revenue	5,912.88	5,815.51	5,981.52
Profit After Tax	237.8	216.18	52.91
Net Worth	1,291.03	853.23	637.05
Reserves and Surplus	764.49	353.23	137.05
Total Borrowing	606.64	545.55	799.76
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)

94.06%

69.46%

Promoter Shareholding (Post-Issue)

69.24%

51.13%

P/E Ratio

28.34

20.53

Market Cap

₹91.56 Cr.

₹115.26 Cr.

ROE

18.42%%

53.88%%

ROCE

20.76%%

29.88%%

Debt/Equity

0.47

0.9

EPS

₹2.26

₹10.81

RoNW

18.42%%

33.82%%

Shares Offered

In the Divyadhan Recycling Industries IPO retail investors (RII) are offered 12,52,000 shares while in Rappid Valves (India) IPO retail investors are offered 12,52,000 shares. Qualified institutional buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling Industries IPO and 2,59,800 shares in Rappid Valves (India) IPO.

	Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
Anchor Investor Reserveration	10,70,000 shares	3,89,400 shares
Market Maker Reserveration	2,00,000 shares	69,600 shares
QIB	7,16,000 shares	2,59,800 shares
NII	5,38,000 shares	1,95,600 shares
RII	12,52,000 shares	4,55,400 shares
Employee	0 shares	0 shares
Others
Total	25,06,000 shares	9,10,800 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 2.38x in total, whereas Rappid Valves (India) IPO subscribed 176.06x.

	Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
QIB (times)	1.86x	55.97x
NII (times)	0.64x	491.49x
Big NII (times)
Small NII (times)
RII (times)	3.42x	109.09x
Employee (times)
Other (times)
Total (times)	2.38x	176.06x

Compare with others

Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
Sahasra Electronics Solutions IPO	Unilex Colours and Chemicals IPO
Saj Hotels IPO	TechEra Engineering IPO
Thinking Hats Entertainment Solutions IPO	Divyadhan Recycling Industries IPO
Unilex Colours and Chemicals IPO	Kalana Ispat IPO
TechEra Engineering IPO	Avi Ansh Textile IPO
Kalana Ispat IPO	Phoenix Overseas IPO
Avi Ansh Textile IPO	WOL 3D IPO
Rappid Valves (India) IPO	SD Retail IPO
Phoenix Overseas IPO	BikeWo GreenTech IPO
WOL 3D IPO	Pelatro IPO

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