The Rappid Valves (India) IPO is set to open on September 23, 2024, and will close on September 25, 2024. Notably, this book-built issue seeks to raise approximately ₹30.41 crore. Specifically, it includes a fresh issue of ₹30.41 crore, along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
Table of contents
- Rappid Valves (India) IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Rappid Valves (India) IPO GMP (Grey Market Premium)
- Rappid Valves (India) IPO Application Form PDF
- Rappid Valves (India) IPO Subscription Status
- Rappid Valves (India) IPO Allotment Status
- IPO Review
- Rappid Valves (India) IPO Registrar
- Rappid Valves (India) IPO Lead Manager
- Rappid Valves (India) Limited Contact
- FAQs
Rappid Valves (India) IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Rappid Valves (India) Limited |
| Industry | Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | September 23, 2024 |
| Close Date | September 25, 2024 |
| Total Issue Size | ₹30.41 Crores (1,369,800 Equity Shares) |
| Fresh Issue | ₹30.41 Crores (1,369,800 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹210 to ₹222 per share |
| Listing on | NSE SME |
| Lot Size | 600 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Rappid Valves (India) Limited, also known by its brand name “Rapid,” is an engineering company specializing in valve manufacturing. Established in 2002, the company offers a wide array of valve solutions, including ball valves, gate valves, globe valves, butterfly valves, check valves, double block valves, strainer valves, and marine valves. Their products are crafted from both ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm to meet diverse requirements.
Furthermore, the company operates its manufacturing facility in Thane, Maharashtra, where it employs a comprehensive array of machinery. This includes conventional machines, automated VMC and CNC machines, automated test benches, EOT cranes, center lathes, milling machines, radial drilling equipment, and more. Consequently, this extensive equipment range supports a smooth and efficient production process.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 23, 2024 |
| IPO Close Date | September 25, 2024 |
| Basis of Allotment | September 26, 2024 |
| Refunds | September 27, 2024 |
| Credit to Demat Account | September 27, 2024 |
| IPO Listing Date | September 30, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹2,994.41 | ₹1,656.75 | ₹1,217.6 |
| Revenue | ₹3,660.06 | ₹1,643.42 | ₹1,215.24 |
| Profit After Tax | ₹413.27 | ₹45.56 | ₹28.98 |
| Net Worth | ₹1,221.98 | ₹312.21 | ₹(24.64) |
| Reserves and Surplus | ₹371.98 | ₹(37.79) | ₹(79.64) |
| Total Borrowing | ₹1,098.3 | ₹992.65 | ₹977.57 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹133,200 |
| Retail (Max) | 1 | 600 | ₹133,200 |
| HNI (Min) | 2 | 1,200 | ₹266,400 |
The objective of the Issue
- Firstly, they will support capital expenditure for the acquisition of new plant, machinery, and software.
- Additionally, the company plans to utilize the funds for the renovation of its registered office and the enhancement of the existing manufacturing unit.
- Furthermore, a portion will be directed towards the repayment or prepayment of certain borrowings.
- Moreover, the company intends to pursue inorganic growth through strategic acquisitions.
- Lastly, the remaining funds will be allocated to general corporate purposes.
Company Promoters
- Mr. Gaurav Vijay Dalal
Rappid Valves (India) IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Rappid Valves (India) IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Rappid Valves (India) Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Rappid Valves (India) IPO Application Form PDF
To download the Rappid Valves (India) IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Rappid Valves (India) IPO Subscription Status
This IPO subscription kicks off on September 23, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Rappid Valves (India) IPO Allotment Status
To check the Rappid Valves (India) IPO allotment status go to the IPO registrar website Link Intime or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company offers a diverse range of products. Additionally, it maintains well-established relationships with clients.
- It benefits from the extensive experience of its promoter.
- Moreover, the company employs strong marketing practices.
- Furthermore, Rappid Valves has a solid reputation within the marine industry.
Risks:
- The company has experienced negative cash flows in past years. Consequently, continued negative cash flow could hinder growth and impact business operations.
- Delays, interruptions, or reductions in the supply of raw materials, as well as fluctuations in raw material prices, could adversely affect product pricing. This, in turn, may impact business performance, financial condition, and cash flows.
- A significant portion of revenue comes from a few key customers. Therefore, the loss or reduction in revenue from these customers could negatively affect the business.
- Additionally, outstanding litigation against the company could have adverse effects on its operations, depending on the outcome.
- Revenue is heavily reliant on products such as Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, and Check Valves. Hence, a decline in demand or production of these products could negatively affect business performance and financial health.
Rappid Valves (India) IPO 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 (India) IPO Lead Manager
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: www.shreni.in
Rappid Valves (India) Limited Contact
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
FAQs
The Rappid Valves (India) IPO is a Small and Medium Enterprises (SME) public offering. Specifically, the company plans to raise ₹30.41 crore through this IPO, with each equity share priced between ₹210 and ₹222. Furthermore, the shares will be listed on the NSE.
The IPO is set to open for subscription on September 23, 2024. Additionally, it will close on September 25, 2024, and will be available for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors.
The size of the Rappid Valves IPO offer ranges from ₹28.77 crores to ₹30.41 crores.
The price band for the Rappid Valves public offer is set between ₹210 and ₹222 per share.
The minimum lot size for the Rappid Valves IPO is 600 shares.
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