Rappid Valves (India) IPO Details
The Rappid Valves (India) IPO is a book build issue with a total issue size of ₹30.41 cr, comprising of fresh issue of 1369800 equity shares. Rappid Valves (India) IPO opened for subscription on Sep 23, 2024 and closed on Sep 25, 2024. Rappid Valves (India) IPO is set price band at ₹210 to ₹222 per share, with a lot size of 600 shares. Minimum investment for Retail investors was ₹266,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 26, 2024, and listed on the NSE on Sep 30, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Shreni Shares Limited are the Book Running Lead Manager for the issue.
Before investing in the Rappid Valves (India) IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 210 – 222
- Lot Size
- 600
- Issue Size
- ₹30.41 Cr
- Minimum Investment
- ₹266400 (1200 Shares)
- Listing Date
- 30 September 2024
Current GMP
₹100 (+45.05%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Rappid Valves (India) Limited
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.
Rappid Valves (India) IPO Promoters
The promoter of the Company is
- Mr. Gaurav Vijay Dalal.
Promoters Holding
Holding Pre Issue
69.46%
Holding Post Issue
51.13%
Rappid Valves (India) IPO Objective
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
Book Running Lead Managers
- Shreni Shares Limited
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 with a total issue size of ₹30.41 crore. The Rappid Valves (India) IPO price band is ₹210 to 222 per share. The Rappid Valves (India) IPO subscription opens on Mon, Sep 23, 2024, and closes on Wed, Sep 25, 2024. The Rappid Valves (India) IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Rappid Valves (India) IPO.
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 per share.
Rappid Valves (India) IPO lot size is 600 shares, Retail investors need a minimum investment of ₹266400 based on the upper price band
The minimum investment for Rappid Valves (India) IPO is ₹266400, based on one lot of 600 shares at the upper price band of ₹222 per share.
Investors can apply for the Rappid Valves (India) IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 25, 2024. The application amount remains blocked until the Rappid Valves (India) IPO allotment is finalized.
Rappid Valves (India) IPO issue size is ₹30.41 crores.
Rappid Valves (India) IPO allotment date is Wed, Jul 1, 2026.
The registrar for Rappid Valves (India) IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Rappid Valves (India) IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.