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Rappid Valves IPO vs SD Retail IPO

Comparison between Rappid Valves IPO and SD Retail IPO.

IPO Details

Rappid Valves IPO is a SME Bookbuilding IPO proposed to list at NSE SME while SD Retail IPO is a SME Bookbuilding proposed to list at NSE SME.

 Rappid Valves IPOSD Retail IPO
LogoRappid Valves IPO LogoSD Retail IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerRikhav Securities Ltd.Spread X Securities Pvt.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 Rappid Valves IPO is up to ₹28.86 Cr whereas the issue size of the SD Retail IPO is up to ₹61.70 Cr. The final issue price of Rappid Valves IPO is ₹222.00 per share and of SD Retail IPO is ₹131.00 per share.

 Rappid Valves IPOSD Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹210.00 per share₹124.00 per share
Issue Price (Upper)₹222.00 per share₹131.00 per share
Issue Price (Final)₹222.00 per share₹131.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1000 shares
Fresh Issue Size13,00,200 shares47,10,000 shares
Fresh Issue Size (Amount)up to ₹28.86 Crup to ₹61.70 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,00,200 shares47,10,000 shares
Issue Size Total (Amount)up to ₹28.86 Crup to ₹61.70 Cr

IPO Timetable

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

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

Financials & KPIs

Rappid Valves IPO P/E ratio is 20.53, as compared to SD Retail IPO P/E ratio of 23.73.

 Rappid Valves IPOSD Retail IPO
Financials

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

SD Retail Limited Financial Information (Restated)

SD Retail Limited's revenue increased by 20% and profit after tax (PAT) rose by 77% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets12,225.548,835.657,759.56
Total Income16,328.4813,568.8612,873.65
Profit After Tax759.76430.171,011.06
Net Worth4,179.983,420.222,990.04
Reserves and Surplus4,054.873,357.662,927.49
Total Borrowing4,354.722,051.311,844.13
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)69.4688.82
Promoter Shareholding (Post-Issue)51.1365.29
P/E Ratio20.5323.73
Market Cap₹115.26 Cr.₹245.26 Cr.
ROE53.88%6.29%
ROCE29.88%15.61%
Debt/Equity0.901.04
EPS₹10.81₹5.52
RoNW33.82%18.18%

Shares Offered

In the Rappid Valves IPO Retail Individual Investors (RII) are offered 4,55,400 shares while in SD Retail IPO retail investors are offered 4,55,400 shares. Qualified Institutional Buyers (QIB) are offered 2,59,800 shares in Rappid Valves IPO and 9,42,000 shares in SD Retail IPO.

 Rappid Valves IPOSD Retail IPO
Anchor Investor Reserveration3,89,400 shares14,12,000 shares
Market Maker Reserveration69,600 shares2,50,000 shares
QIB2,59,800 shares9,42,000 shares
NII1,95,600 shares7,07,000 shares
RII4,55,400 shares16,49,000 shares
Employee
Others
Total13,00,200 shares47,10,000 shares

Bids Received (Subscription)

Rappid Valves IPO subscribed 176.06x in total, whereas SD Retail IPO subscribed 97.08x.

 Rappid Valves IPOSD Retail IPO
QIB (times)55.97x69.84x
NII (times)491.49x207.62x
Big NII (times)
Small NII (times)
RII (times)109.09x65.25x
Employee (times)
Other (times)
Total (times)176.06x97.08x