Rappid Valves (India) IPO vs SD Retail IPO

Comparision between Rappid Valves (India) IPO and SD Retail IPO.

IPO Details

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

	Rappid Valves (India) IPO	SD Retail 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	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker	Rikhav Securities Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Rappid Valves (India) IPO is up to ₹30.41 Cr whereas the issue size of the SD Retail IPO is up to ₹64.98 Cr. The final issue price of Rappid Valves (India) IPO is ₹222.00 per share and of SD Retail IPO is ₹131.00 per share.

	Rappid Valves (India) IPO	SD Retail IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹210.00 per share	₹124.00 per share
Issue Price (Upper)	₹222.00 per share	₹131.00 per share
Issue Price (Final)	₹222.00 per share	₹131.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1000 shares
Fresh Issue Size	13,69,800 shares	49,60,000 shares
Fresh Issue Size (Amount)	up to ₹30.41 Cr	up to ₹64.98 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,69,800 shares	49,60,000 shares
Issue Size Total (Amount)	up to ₹30.41 Cr	up to ₹64.98 Cr

IPO Timetable

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

	Rappid Valves (India) IPO	SD Retail IPO
Anchor Bid Date	Sep 20, 2024	Sep 19, 2024
Issue Open	Sep 23, 2024	Sep 20, 2024
Issue Close	Sep 25, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Sep 26, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Sep 27, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 27, 2024	Sep 26, 2024
Listing date (Tentative)	Sep 30, 2024	Sep 27, 2024
Anchor Lockin End date 1	Oct 26, 2024	Oct 25, 2024
Anchor Lockin End date 2	Dec 25, 2024	Dec 24, 2024

Financials

Rappid Valves (India) IPO P/E ratio is 20.53, as compared to SD Retail IPO P/E ratio of 23.73.

Rappid Valves (India) IPO

SD Retail IPO

Financial

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

SD Retail Limited Financial Information (Restated)

SD Retail Limited's revenue increased by 20% and profit after tax (PAT) rose by 77% 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	12,225.54	8,835.65	7,759.56
Revenue	16,328.48	13,568.86	12,873.65
Profit After Tax	759.76	430.17	1,011.06
Net Worth	4,179.98	3,420.22	2,990.04
Reserves and Surplus	4,054.87	3,357.66	2,927.49
Total Borrowing	4,354.72	2,051.31	1,844.13
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

69.46%

88.82%

Promoter Shareholding (Post-Issue)

51.13%

65.29%

P/E Ratio

20.53

23.73

Market Cap

₹115.26 Cr.

₹245.26 Cr.

ROE

53.88%%

6.29%%

ROCE

29.88%%

15.61%%

Debt/Equity

0.9

1.04

EPS

₹10.81

₹5.52

RoNW

33.82%%

18.18%%

Shares Offered

In the Rappid Valves (India) IPO retail investors (RII) are offered 4,55,400 shares while in SD Retail IPO retail investors are offered 4,55,400 shares. Qualified institutional buyers (QIB) are offered 2,59,800 shares in Rappid Valves (India) IPO and 9,42,000 shares in SD Retail IPO.

	Rappid Valves (India) IPO	SD Retail IPO
Anchor Investor Reserveration	3,89,400 shares	14,12,000 shares
Market Maker Reserveration	69,600 shares	2,50,000 shares
QIB	2,59,800 shares	9,42,000 shares
NII	1,95,600 shares	7,07,000 shares
RII	4,55,400 shares	16,49,000 shares
Employee	0 shares	0 shares
Others
Total	9,10,800 shares	32,98,000 shares

Bids Received (Subscription)

Rappid Valves (India) IPO subscribed 176.06x in total, whereas SD Retail IPO subscribed 97.08x.

	Rappid Valves (India) IPO	SD Retail IPO
QIB (times)	55.97x	69.84x
NII (times)	491.49x	207.62x
Big NII (times)
Small NII (times)
RII (times)	109.09x	65.25x
Employee (times)
Other (times)
Total (times)	176.06x	97.08x

Compare with others

Rappid Valves (India) IPO	SD Retail IPO
Unilex Colours and Chemicals IPO	Kalana Ispat IPO
TechEra Engineering IPO	Avi Ansh Textile IPO
Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
Kalana Ispat IPO	Phoenix Overseas IPO
Avi Ansh Textile IPO	WOL 3D IPO
Phoenix Overseas IPO	BikeWo GreenTech IPO
WOL 3D IPO	Pelatro IPO
SD Retail IPO	Osel Devices IPO
BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
Pelatro IPO	Popular Foundations IPO

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