Rappid Valves (India) IPO
Open SmeCurrent GMP
₹100 (+45.05%)
Price Band
₹ 210 – 222
Lot Size
600
Issue Size
₹30.41 Cr
Minimum Investment
₹266400 (1200 Shares)
Listing Date
30 September 2024
Subscription
176.14x
About the Company
Established in 2002, Rappid Valves (India) specializes in manufacturing a diverse range of valve solutions. Their extensive product lineup includes ball valves, gate valves, globe valves, butterfly valves, check valves, double block valves, strainer valves, and marine valves. These valves are crafted from both ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm, catering to various industry requirements.
The company’s manufacturing facility boasts an extensive array of machinery, featuring 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 various testing equipment. This well-equipped setup ensures a smooth and efficient manufacturing process.
Rappid Valves (India) has a pan-India presence, serving clients across 18 states and 1 Union Territory based on FY 2024 sales. As of June 30, 2024, the company employs 47 personnel at its manufacturing plant and office.
Promoters
The promoter of the Company is
- Mr. Gaurav Vijay Dalal.
Promoters Holding
Holding Pre Issue
69.46%
Holding Post Issue
51.13%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 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.
Address / Contact Info
Rappid Valves (India) Limited
Genesis Industrial Complex, Plot No.
30, Village Kolgaon, Palghar (East),
Thane–401404, Maharashtra, India.
Phone: +91 9321463550
Email: investors@rapidvalves.net
Website: https://www.rappidvalves.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 23 September 2024
IPO Close Date
Wednesday, 25 September 2024
Basis of Allotment
Thursday, 26 September 2024
Initiation of Refunds
Friday, 27 September 2024
Credit of Shares to Demat
Friday, 27 September 2024
Listing Date
Monday, 30 September 2024 — NSE & BSE
Important Dates
Open Date
23 September 2024
Close Date
25 September 2024
Basis Of Allotment
26 September 2024
Listing Date
30 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 2994.41 | 1656.75 | 1217.6 |
| Revenue | 3660.06 | 1643.42 | 1215.24 |
| Profit After Tax | 413.27 | 45.56 | 28.98 |
| Net Worth | 1221.98 | 312.21 | -24.64 |
| Reserve & Surplus | 371.98 | -37.79 | -79.64 |
| Total Borrowings | 1098.3 | 992.65 | 977.57 |
EPS Pre
10.81%
EPS Post
7.96%
P/E Pre
20.53
P/E (Post Issue)
27.89x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 53.88 |
| ROCE % | 29.88 |
| Debt / Equity | 0.9 |
| RoNW % | 33.82 |
| PbW | 24.89 |
| Pat Margin % | 11.32 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 389400 | 28.43 | 0 |
| Market Maker | 69600 | 5.08 | 0 |
| Qualified Institutions | 259800 | 18.97 | 0 |
| Non-Institutional | 195600 | 14.28 | 0 |
| Retail Investors | 455400 | 33.25 | 0 |
| Total | 1369800 | 100 | 0 |
Subscription Status ( Wed, 25 Sep 24 12:55 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 259800 | 14542200 | 55.97x |
| Non-Institutional | 195600 | 96205200 | 491.85x |
| Retail Investors | 455400 | 49678800 | 109.09x |
| Total | 910800 | 160426200 | 176.14x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 133,200.00 |
| Retail (Max) | 1 | 600 | 133,200.00 |
| S-HNI (Min) | 2 | 1,200 | 266,400.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Shreni Shares Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Rappid Valves (India) IPO is a Book-building IPO worth ₹30.41 crores. The price band is ₹210 to 222 per share. The IPO opens on Mon, Sep 23, 2024 and closes on Wed, Sep 25, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Rappid Valves (India) IPO opens on Mon, Sep 23, 2024 and closes on Wed, Sep 25, 2024
Rappid Valves (India) IPO Price Band is ₹210 to 222.
Rappid Valves (India) IPO lot size is 600, and the minimum amount required for application is ₹266400.
The minimum investment for Rappid Valves (India) IPO is approximately ₹266400 based on the upper price band.
To apply for the Rappid Valves (India) IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 25, 2024. After submission, funds are blocked until the basis of allotment of Rappid Valves (India) IPO is finalised.
Rappid Valves (India) IPO issue size is ₹30.41 crores.
Rappid Valves (India) IPO allotment date is Sat, Jun 27, 2026.
The registrar for Rappid Valves (India) IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Rappid Valves (India) IPO through their official website or helpline.
The Rappid Valves (India) IPO GMP (Grey Market Premium) is ₹100 as of Mon, Sep 30, 2024. Based on the upper price band of ₹222 per share, the estimated Rappid Valves (India) IPO listing price is ₹322, indicating a potential listing gain of approximately 31% over the issue price.