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Pelatro IPO vs Rappid Valves IPO

Comparison between Pelatro IPO and Rappid Valves IPO.

IPO Details

Pelatro 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.

 Pelatro IPORappid Valves IPO
LogoPelatro IPO LogoRappid Valves IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCumulative Capital Pvt.Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerShree Bahubali Stock Broking Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Pelatro IPO is up to ₹53.17 Cr whereas the issue size of the Rappid Valves IPO is up to ₹28.86 Cr. The final issue price of Pelatro IPO is ₹200.00 per share and of Rappid Valves IPO is ₹222.00 per share.

 Pelatro IPORappid Valves IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹190.00 per share₹210.00 per share
Issue Price (Upper)₹200.00 per share₹222.00 per share
Issue Price (Final)₹200.00 per share₹222.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size600 shares600 shares
Fresh Issue Size26,58,600 shares13,00,200 shares
Fresh Issue Size (Amount)up to ₹53.17 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 Total26,58,600 shares13,00,200 shares
Issue Size Total (Amount)up to ₹53.17 Crup to ₹28.86 Cr

IPO Timetable

Pelatro IPO opens on Sep 16, 2024, while Rappid Valves IPO opens on Sep 23, 2024. The closing date of Pelatro IPO and Rappid Valves IPO is Sep 19, 2024, and Sep 25, 2024, respectively.

 Pelatro IPORappid Valves IPO
Anchor Bid DateSep 13, 2024Sep 20, 2024
Issue OpenSep 16, 2024Sep 23, 2024
Issue CloseSep 19, 2024Sep 25, 2024
Basis Of Allotment (Tentative)Sep 20, 2024Sep 26, 2024
Initiation of Refunds (Tentative)Sep 20, 2024Sep 27, 2024
Credit of Share (Tentative)Sep 23, 2024Sep 27, 2024
Listing date (Tentative)Sep 24, 2024Sep 30, 2024
Anchor Lockin End date 1Oct 20, 2024Oct 25, 2024
Anchor Lockin End date 2Dec 19, 2024Dec 24, 2024

Financials & KPIs

Pelatro IPO P/E ratio is -77.78, as compared to Rappid Valves IPO P/E ratio of 20.53.

 Pelatro IPORappid Valves IPO
Financials

Pelatro Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets5,780.92
Total Income5,536.54
Profit After Tax-195.62
Net Worth1,202.89
Reserves and Surplus502.89
Total Borrowing1,867.58
Amount in ₹ Lakhs

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
Total Income3,660.061,643.421,215.24
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
Promoter Shareholding (Pre-Issue)73.3169.46
Promoter Shareholding (Post-Issue)53.5951.13
P/E Ratio-77.7820.53
Market Cap₹208.13 Cr.₹115.26 Cr.
ROE-15.48%53.88%
ROCE3.85%29.88%
Debt/Equity1.550.90
EPS₹-2.57₹10.81
RoNW-15.48%33.82%

Shares Offered

In the Pelatro IPO Retail Individual Investors (RII) are offered 9,13,200 shares while in Rappid Valves IPO retail investors are offered 9,13,200 shares. Qualified Institutional Buyers (QIB) are offered 5,21,400 shares in Pelatro IPO and 2,59,800 shares in Rappid Valves IPO.

 Pelatro IPORappid Valves IPO
Anchor Investor Reserveration7,81,800 shares3,89,400 shares
Market Maker Reserveration1,40,400 shares69,600 shares
QIB5,21,400 shares2,59,800 shares
NII3,92,400 shares1,95,600 shares
RII9,13,200 shares4,55,400 shares
Employee49,800 shares
Others
Total26,58,600 shares13,00,200 shares

Bids Received (Subscription)

Pelatro IPO subscribed 21.94x in total, whereas Rappid Valves IPO subscribed 176.06x.

 Pelatro IPORappid Valves IPO
QIB (times)15.22x55.97x
NII (times)55.31x491.49x
Big NII (times)
Small NII (times)
RII (times)12.58x109.09x
Employee (times)
Other (times)
Total (times)21.94x176.06x