Comparison between Avax Apparels IPO and Rappid Valves IPO.
Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rappid Valves IPO is a SME Bookbuilding proposed to list at NSE SME.
| Avax Apparels IPO | Rappid Valves IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | SKI Capital Services Ltd. | Shreni Shares Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | SKI Capital Services Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Avax Apparels IPO is up to ₹1.82 Cr whereas the issue size of the Rappid Valves IPO is up to ₹28.86 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Rappid Valves IPO is ₹222.00 per share.
| Avax Apparels IPO | Rappid Valves IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹210.00 per share | |
| Issue Price (Upper) | ₹222.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹222.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 600 shares |
| Fresh Issue Size | 2,60,000 shares | 13,00,200 shares |
| Fresh Issue Size (Amount) | up to ₹1.82 Cr | up to ₹28.86 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 2,60,000 shares | 13,00,200 shares |
| Issue Size Total (Amount) | up to ₹1.82 Cr | up to ₹28.86 Cr |
Avax Apparels IPO opens on Jan 07, 2025, while Rappid Valves IPO opens on Sep 23, 2024. The closing date of Avax Apparels IPO and Rappid Valves IPO is Jan 09, 2025, and Sep 25, 2024, respectively.
| Avax Apparels IPO | Rappid Valves IPO | |
|---|---|---|
| Anchor Bid Date | Sep 20, 2024 | |
| Issue Open | Jan 07, 2025 | Sep 23, 2024 |
| Issue Close | Jan 09, 2025 | Sep 25, 2024 |
| Basis Of Allotment (Tentative) | Jan 10, 2025 | Sep 26, 2024 |
| Initiation of Refunds (Tentative) | Jan 13, 2025 | Sep 27, 2024 |
| Credit of Share (Tentative) | Jan 13, 2025 | Sep 27, 2024 |
| Listing date (Tentative) | Jan 14, 2025 | Sep 30, 2024 |
| Anchor Lockin End date 1 | Oct 25, 2024 | |
| Anchor Lockin End date 2 | Dec 24, 2024 |
Avax Apparels IPO P/E ratio is 3.88, as compared to Rappid Valves IPO P/E ratio of 20.53.
| Avax Apparels IPO | Rappid Valves IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Avax Apparels And Ornaments Limited Financial Information (Restated)
| 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.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 57.00 | 69.46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 41.97 | 51.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 3.88 | 20.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7.27 Cr. | ₹115.26 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.91% | 53.88% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 61.68% | 29.88% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹18.06 | ₹10.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.91% | 33.82% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Rappid Valves IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 2,59,800 shares in Rappid Valves IPO.
| Avax Apparels IPO | Rappid Valves IPO | |
|---|---|---|
| Anchor Investor Reserveration | 0 shares | 3,89,400 shares |
| Market Maker Reserveration | 14,000 shares | 69,600 shares |
| QIB | 0 shares | 2,59,800 shares |
| NII | 1,30,000 shares | 1,95,600 shares |
| RII | 1,30,000 shares | 4,55,400 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 2,60,000 shares | 13,00,200 shares |
Avax Apparels IPO subscribed 260.42x in total, whereas Rappid Valves IPO subscribed 176.06x.
| Avax Apparels IPO | Rappid Valves IPO | |
|---|---|---|
| QIB (times) | 55.97x | |
| NII (times) | 140.46x | 491.49x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 372.35x | 109.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 260.42x | 176.06x |
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