Rappid Valves IPO will open for subscription from 22 September 2024. The company aims for an issue size of ₹30.41 Cr through this IPO.
Company Overview
| Full name | Rappid Valves (India) Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Company Website | https://www.rappidvalves.in/ |
About Company
Founded in 2002, Rappid Valves (India) specializes in the manufacturing of valve solutions. Its extensive product lineup includes Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block Valves, Strainer Valves, and Marine Valves. These are produced in ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm, meeting a wide range of industry needs.
The company’s manufacturing facility is equipped with a wide range of machinery, including both conventional and automated CNC machines, VMCs, test benches, EOT cranes, lathes, milling machines, drilling machines, grinders, saws, testers, lapping machines, welders, compressors, buffing machines, and testing equipment. This comprehensive setup ensures a smooth and efficient manufacturing process. Rappid Valves (India) has a PAN India presence, with a clientele across 18 states and 1 Union Territory in the domestic market based on FY 2024 sales. As of 30 June 2024, the company employed 47 personnel at its manufacturing plant and office.
The Objectives of the Issue
- Funding the Capital expenditure for the purchase of new Plant and machinery and Software by the Company;
- Expenditure for the renovation of the registered office and existing manufacturing unit;
- Repayment/prepayment of all or certain of our borrowings availed of by our Company;
- Pursuing inorganic growth initiatives through acquisitions and
- General corporate purposes.
Rappid Valves IPO Timetable
| IPO Opening date | 22 September 2024 |
| IPO Closing | 25 September 2024 |
| Basis of Allotment | 26 September 2024 |
| Initiation Refund | 27 September 2024 |
| Credit to Demat Account | 27 September 2024 |
| Listing Date | 30 September 2024 |
Rappid Valves IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹30.41 Cr – 1,369,800 shares |
| Fresh Issue | ₹30.41 Cr – 1,369,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹210 to ₹222 per share |
| Lot size | 600 Shares |
| Market Maker portion | 69,600 shares |
| Shareholding pre-issue | 3,822,184 |
| Shareholding post-issue | 5,191,984 |
| Listing Exchange | NSE SME |
Rappid Valves IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹133,200 |
| Retail (Max) | 1 | 600 | ₹133,200 |
| HNI (Min) | 2 | 1,200 | ₹266,400 |
Rappid Valves Offer Documents
Rappid Valves IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 3,89,400 (28.43%) |
| Market Maker Shares Offered | 69,600 (5.08%) |
| QIB Shares Offered | 2,59,800 (18.97%) |
| NII (HNI) Shares Offered | 1,95,600 (14.28%) |
| Retail Shares Offered | 4,55,400 (33.25%) |
| Total Shares Offered | 13,69,800 (100%) |
Rappid Valves Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 12.14 | 16.40 | 36.51 |
| Expenses | 11.86 | 15.81 | 31.07 |
| Net income | 0.29 | 0.46 | 4.13 |
Rappid Valves Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 5.27 | 1.30 | 11.74 |
| PE ratio | – | – | 17.89 – 18.91 |
| RONW (%) | (117.61) | 14.59 | 33.82 |
| NAV | (4.48) | 8.92 | 34.72 |
| ROCE (%) | 18.38 | 15.85 | 29.88 |
| EBITDA (%) | 16.02 | 14.24 | 20.15 |
| Debt/Equity | (39.67) | 3.18 | 0.90 |
Company Promoters
- Mr. Gaurav Vijay Dalal
Promoter Holding
| Pre Issue Share Holding | 69.46% |
| Post Issue Share Holding | 51.13% |
Rappid Valves Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 September 2024 | 85 | – | 53,000 |
| 26 September 2024 | 75 | – | 45,000 |
| 25 September 2024 | 50 | – | 40,000 |
| 24 September 2024 | 43 | – | 37,000 |
| 23 September 2024 | 37 | – | 32,000 |
| 21 September 2024 | 45 | – | 35,000 |
| 20 September 2024 | 45 | – | 35,000 |
| 19 September 2024 | 45 | – | 35,000 |
| 18 September 2024 | 50 | – | 40,000 |
| 17 September 2024 | 50 | – | 40,000 |
Rappid Valves IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,59,800 | 1,95,600 | 4,55,400 | 9,10,800 |
| 25 Sep 2024 | 55.97 | 491.60 | 101.16 | 172.12 |
| 24 Sep 2024 | 1.04 | 12.26 | 15.64 | 10.75 |
| 23 Sep 2024 | 0.00 | 2.09 | 4.34 | 2.62 |
Rappid Valves IPO Allotment Status
Rappid Valves IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Rappid Valves IPO Listing Details
| Listing Date | 30 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Rappid Valves IPO Lead Manager(s)
SHRENI SHARES LIMITED
No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai – 400067, Maharashtra
Phone: 022 – 2089 7022
Email: shrenishares@gmail.com
Website: info@shreni.in
Rappid Valves Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: rappidvalves.smeipo@Linkintime.co.in
Website: www.linkintime.co.in
Rappid Valves Contact Details
RAPPID VALVES (INDIA) LIMITED
Genesis Industrial Complex, Plot No.
30, Village Kolgaon, Palghar (East),
Thane – 401404, Maharashtra, India
Phone: +91 9321463550
E-mail: investors@rapidvalves.net
Website: www.rappidvalves.in
Rappid Valves IPO FAQs
What is the Rappid Valves offer size?
Rappid Valves offer size is ₹ 28.77 – 30.41 crores.
What is the Rappid Valves offer price band?
Rappid Valves public offer price is ₹ 210 – 222 per share.
What is the lot size of the Rappid Valves IPO?
Rappid Valves offer a lot size is 600 shares.
What is Rappid Valves IPO GMP today?
Rappid Valves IPO GMP today is ₹ 85 per share.
What is the Rappid Valves kostak rate today?
Rappid Valves kostak rate today is ₹ NA per application.
What is Rappid Valves Subject to the Sauda rate today?
Rappid Valves is Subject to the Sauda rate today is ₹ 53,000 per application.
Final thoughts
Rappid Valves IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
