Rappid Valves (India) Limited primarily engages in the manufacturing of Valve solutions.
The company offers various valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are made using ferrous and non-ferrous materials and come in sizes ranging from 15mm to 600mm to meet diverse requirements.
The company’s manufacturing unit is equipped with a comprehensive range of standard machinery, including 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, supporting a seamless manufacturing process.
The Company has also obtained various quality certifications, such as ISO 9001:2015, 14001:2015, and ISO 45001:2018.
As of, June 30, 2024, the company had employed 47 personnel at its Manufacturing Plant and Registered Office.
Rappid Valves IPO – Details
| IPO Opening Date | 23 September 2024 |
| IPO Closing Date | 25 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 13,69,800 Shares Worth ₹30.41 Crore Fresh Issue: 13,69,800 Shares Worth ₹30.41 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹210 – ₹222 |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Rappid Valves IPO – Date Schedule
| IPO Open Date | 23 September 2024 |
| IPO Close Date | 25 September 2024 |
| Basis of Allotment | 26 September 2024 |
| Initiation of Refund | 27 September 2024 |
| Credit of Shares to Demat Account | 27 September 2024 |
| IPO Listing Date | 30 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2024 |
Rappid Valves IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,33,200 |
| Retail (Max) | 1 | 600 | ₹1,33,200 |
| HNI (Min) | 2 | 1200 | ₹2,66,400 |
Competitive Strengths
- Wide range of our products;
- Well established relationship with clients;
- Leveraging the experience of our Promoter;
- Strong Marketing Practices;
- Good Standing in Marine Industry.
Company Promoters
- Mr. Gaurav Vijay Dalal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 12.15 | 11.86 | 0.28 | 9.77 |
| 31 March 2023 | 16.43 | 15.80 | 0.45 | 9.92 |
| 31 March 2024 | 36.60 | 31.07 | 4.13 | 10.98 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 53.88% |
| ROCE | 29.88% |
| Debt/Equity | 0.9 |
| RoNW | 33.82% |
| P/BV | 24.89 |
| PAT Margin (%) | 11.32 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 10.81 | 7.96 |
| P/E (x) | 20.53 | 27.89 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 69.46% |
| Post Issue Share Holding | 51.13% |
Rappid Valves IPO Prospectus
Company Contact Information
| Rappid Valves (India) Limited Genesis Industrial Complex Plot No. 30, Village Kolgaon Palghar (East), Thane 401404 Phone: +91 9321463550 Email: investors@rapidvalves.net Website: https://www.rappidvalves.in/ |
Rappid Valves IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: rappidvalves.smeipo@Linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Rappid Valves IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Rappid Valves IPO FAQs
| What is Rappid Valves IPO? Rappid Valves IPO is a SME IPO. The issue is priced at ₹210 and ₹222 per equity share. The IPO is to be listed on NSE SME. |
| When Rappid Valves IPO will open? The IPO is to open on 23 September 2024 for QIB, NII, and Retail Investors. |
| What is Rappid Valves IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Rappid Valves IPO? You can apply Rappid Valves IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rappid Valves IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rappid Valves IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rappid Valves IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rappid Valves IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rappid Valves IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rappid Valves IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rappid Valves IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rappid Valves IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rappid Valves IPO Size? Rappid Valves IPO size is ₹30.41 Crore. |
| What is Rappid Valves IPO Price Band? Rappid Valves IPO Price Band is ₹210 – ₹222. |
| What is Rappid Valves IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 600 Shares with ₹1,33,200 amount while the maximum bid is 600 Shares with ₹1,33,200. |
| What is the Rappid Valves IPO Allotment Date? Rappid Valves IPO allotment date is 26 September 2024. |
| What is the Rappid Valves IPO Listing Date? Rappid Valves IPO listing date is 30 September 2024. The IPO is to be listed on NSE SME. |
