Rappid Valves (India) IPO Subscription Status, started on September 23, 2024, and closed on September 25, 2024. The company aims to raise approximately ₹30.41 crore via this IPO. The retail quota is 35%, and QBI is 50%. The price band is ₹210 to ₹222 per equity share.
The IPO consists of a minimum market lot of 600 Shares requiring an application amount of ₹133,200. Rappid Valves (India) is an SME IPO that will be listed on the NSE.
Also read: Rappid Valves (India) IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Rappid Valves (India) Limited, commonly known by its brand name “Rapid,” is an engineering company that specializes 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, crafted from both ferrous and non-ferrous materials, come in sizes ranging from 15mm to 600mm, thus meeting 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 range of equipment supports a smooth and efficient production process, ensuring high-quality output and timely delivery.
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Additionally, We encourage investors to consider applying for the IPO with a long-term perspective. Moreover, it’s important to review the QIB, NII, and Retail subscription numbers before making any investment decisions.
Rappid Valves (India) IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 1.04 | 55.97 |
| NII | 2.11 | 11.94 | 491.49 |
| RII | 4.51 | 15.96 | 109.09 |
| Total | 2.71 | 10.84 | 176.06 |
Rappid Valves (India) IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Rappid Valves (India)
- Avoid
Rappid Valves (India) IPO Form
Moreover, To apply for the Rappid Valves (India) IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription begins on September 23, 2024, for QIB, NII, and Retail Investors.
You can easily subscribe using ASBA or non-ASBA methods. Simply log into your bank account to apply online via ASBA, or download a physical form to submit to your broker or bank.
Additionally, To check the latest subscription numbers, visit our portal for hourly updates from official sources. Moreover, you can view the current subscription data on the official IPO page.
Firstly, log into Zerodha and navigate to your Portfolio. Moreover, locate “Rappid Valves,” click the Bid button, and enter your UPI ID, quantity, and price. Finally, submit the application and approve the mandate in your UPI app.
Additionally, For Upstox users, login and select “Rappid Valves.” After confirming your application, make sure to approve the mandate in your UPI app.
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