Avi Ansh Textile IPO vs Rappid Valves IPO

Comparison between Avi Ansh Textile IPO and Rappid Valves IPO.

IPO Details

Avi Ansh Textile IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rappid Valves IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Avi Ansh Textile IPO is up to ₹24.68 Cr whereas the issue size of the Rappid Valves IPO is up to ₹28.86 Cr. The final issue price of Avi Ansh Textile IPO is ₹62.00 per share and of Rappid Valves IPO is ₹222.00 per share.

 Avi Ansh Textile IPORappid 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)₹62.00 per share₹222.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares600 shares
Fresh Issue Size39,80,000 shares13,00,200 shares
Fresh Issue Size (Amount)up to ₹24.68 Crup to ₹28.86 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total39,80,000 shares13,00,200 shares
Issue Size Total (Amount)up to ₹24.68 Crup to ₹28.86 Cr

IPO Timetable

Avi Ansh Textile IPO opens on Sep 20, 2024, while Rappid Valves IPO opens on Sep 23, 2024. The closing date of Avi Ansh Textile IPO and Rappid Valves IPO is Sep 24, 2024, and Sep 25, 2024, respectively.

 Avi Ansh Textile IPORappid Valves IPO
Anchor Bid DateSep 20, 2024
Issue OpenSep 20, 2024Sep 23, 2024
Issue CloseSep 24, 2024Sep 25, 2024
Basis Of Allotment (Tentative)Sep 25, 2024Sep 26, 2024
Initiation of Refunds (Tentative)Sep 26, 2024Sep 27, 2024
Credit of Share (Tentative)Sep 26, 2024Sep 27, 2024
Listing date (Tentative)Sep 27, 2024Sep 30, 2024
Anchor Lockin End date 1Oct 25, 2024
Anchor Lockin End date 2Dec 24, 2024

Financials & KPIs

Avi Ansh Textile IPO P/E ratio is 18.31, as compared to Rappid Valves IPO P/E ratio of 20.53.

 Avi Ansh Textile IPORappid Valves IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets65.2346.9243.3746.95
Total Income142.15121.50120.1772.64
Profit After Tax3.310.291.560.68
NET Worth15.8712.5712.3010.76
Reserves and Surplus6.092.782.510.98
Total Borrowing44.8131.9326.6033.75
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets29.9416.5712.18
Total Income36.6016.4312.15
Profit After Tax4.130.460.29
NET Worth12.223.12-0.25
Reserves and Surplus3.72-0.38-0.80
Total Borrowing10.989.939.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.6769.46
Promoter Shareholding (Post-Issue)66.9851.13
P/E Ratio18.3120.53
Market Cap₹86.67 Cr.₹115.26 Cr.
ROE20.8853.88
ROCE15.8829.88
Debt/Equity2.820.90
EPS₹3.39₹10.81
RoNW20.8833.82

Shares Offered

In the Avi Ansh Textile IPO Retail Individual Investors (RII) are offered 19,90,000 shares while in Rappid Valves IPO retail investors are offered 19,90,000 shares. Qualified Institutional Buyers (QIB) are offered in Avi Ansh Textile IPO and 2,59,800 shares in Rappid Valves IPO.

 Avi Ansh Textile IPORappid Valves IPO
Anchor Investor Reservation3,89,400 shares
Market Maker Reservation2,12,000 shares69,600 shares
QIB2,59,800 shares
NII19,90,000 shares1,95,600 shares
RII19,90,000 shares4,55,400 shares
Employee
Others
Total39,80,000 shares13,00,200 shares

Bids Received (Subscription)

Avi Ansh Textile IPO subscribed 8.32x in total, whereas Rappid Valves IPO subscribed 123.33x.

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