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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 Rappid Valves (India) IPO Logo 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 26, 2024 Oct 30, 2024
Anchor Lockin End date 2 Dec 25, 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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,994.411,656.751,217.6
Revenue3,660.061,643.421,215.24
Profit After Tax413.2745.5628.98
Net Worth1,221.98312.21-24.64
Reserves and Surplus371.98-37.79-79.64
Total Borrowing1,098.3992.65977.57
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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets37.2439.2121.36
Revenue39.0826.597.37
Profit After Tax4.821.31-6.29
Net Worth15.911.089.78
Reserves and Surplus3.76-2.72-4.02
Total Borrowing14.313.778.87
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 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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