Rappid Valves (India) IPO vs TechEra Engineering IPO

Comparision between Rappid Valves (India) IPO and TechEra Engineering IPO.

IPO Details

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

	Rappid Valves (India) IPO	TechEra Engineering 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	SKI Capital Services Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker	Rikhav Securities Limited	SKI Capital Services 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 TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Rappid Valves (India) IPO is ₹222.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

	Rappid Valves (India) IPO	TechEra Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹210.00 per share	₹75.00 per share
Issue Price (Upper)	₹222.00 per share	₹82.00 per share
Issue Price (Final)	₹222.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	13,69,800 shares	43,77,600 shares
Fresh Issue Size (Amount)	up to ₹30.41 Cr	up to ₹35.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,69,800 shares	43,77,600 shares
Issue Size Total (Amount)	up to ₹30.41 Cr	up to ₹35.90 Cr

IPO Timetable

Rappid Valves (India) IPO opens on Sep 23, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Rappid Valves (India) IPO and TechEra Engineering IPO is Sep 25, 2024, and Sep 27, 2024, respectively.

	Rappid Valves (India) IPO	TechEra Engineering IPO
Anchor Bid Date	Sep 20, 2024	Sep 24, 2024
Issue Open	Sep 23, 2024	Sep 25, 2024
Issue Close	Sep 25, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 26, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Sep 27, 2024	Oct 01, 2024
Credit of Share (Tentative)	Sep 27, 2024	Oct 01, 2024
Listing date (Tentative)	Sep 30, 2024	Oct 03, 2024
Anchor Lockin End date 1	Oct 25, 2024	Oct 30, 2024
Anchor Lockin End date 2	Dec 24, 2024	Dec 29, 2024

Financials

Rappid Valves (India) IPO P/E ratio is 20.53, as compared to TechEra Engineering IPO P/E ratio of 20.65.

Rappid Valves (India) IPO

TechEra Engineering 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

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% 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	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

69.46%

57.48%

Promoter Shareholding (Post-Issue)

51.13%

P/E Ratio

20.53

20.65

Market Cap

₹115.26 Cr.

₹135.47 Cr.

ROE

53.88%%

30.33%%

ROCE

29.88%%

23..47%%

Debt/Equity

0.9

EPS

₹10.81

₹3.97

RoNW

33.82%%

30.33%%

Shares Offered

In the Rappid Valves (India) IPO retail investors (RII) are offered 4,55,400 shares while in TechEra Engineering 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 8,32,000 shares in TechEra Engineering IPO.

	Rappid Valves (India) IPO	TechEra Engineering IPO
Anchor Investor Reserveration	3,89,400 shares	12,46,400 shares
Market Maker Reserveration	69,600 shares	2,19,200 shares
QIB	2,59,800 shares	8,32,000 shares
NII	1,95,600 shares	6,24,000 shares
RII	4,55,400 shares	14,56,000 shares
Employee	0 shares	0 shares
Others
Total	9,10,800 shares	29,12,000 shares

Bids Received (Subscription)

Rappid Valves (India) IPO subscribed 176.06x in total, whereas TechEra Engineering IPO subscribed 69.80x.

	Rappid Valves (India) IPO	TechEra Engineering IPO
QIB (times)	55.97x	31.22x
NII (times)	491.49x	128.88x
Big NII (times)
Small NII (times)
RII (times)	109.09x	66.52x
Employee (times)
Other (times)
Total (times)	176.06x	69.80x

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