Rappid Valves (India) IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 23 Sep 2024
Close Date
Wed, 25 Sep 2024
Price Band
₹ 210 – 222
Lot Size
600
Issue Size
₹ 30.41 Cr
Minimum Investment
₹ 266,400 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Rappid Valves (India) IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹30 Crore, comprising a fresh issue of 13.70 Lakh equity shares aggregating to ₹30.41 Crore.
The Rappid Valves (India) IPO remained open for subscription from September 23, 2024, to September 25, 2024. The basis of allotment was finalized on September 26, 2024, and the company's shares were listed on NSE SME Platform on September 30, 2024.
The company had fixed the price band at ₹210 to ₹222 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹266,400 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Shreni Shares Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Rappid Valves (India) Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Rappid Valves (India) IPO Timeline (Tentative)
- IPO Open Date
- Mon, 23 Sep 24
- IPO Close Date
- Wed, 25 Sep 24
- Basis of Allotment
- Thu, 26 Sep 24
- Initiation of Refunds
- Fri, 27 Sep 24
- Credit of Shares to Demat
- Fri, 27 Sep 24
- Listing Date
- Mon, 30 Sep 24 — NSE & BSE
Open Date
23 September 2024
Close Date
25 September 2024
Basis Of Allotment
26 September 2024
Listing Date
30 September 2024
IPO Subscription
Check Live Subscription →The Rappid Valves (India) IPO has received bids for 16,04,26,200 shares against 9,10,800 shares offered, resulting in an overall subscription of 176.14x. the NII category is subscribed 491.85x, Retail Investors 109.09x, and QIBs 55.97x.
QIB
55.97x
NII
491.85x
RII
109.09x
Total
176.14x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 4,55,400 shares, representing 33.25% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 2,59,800 shares (18.97%), while Non-Institutional Investors (NIIs) receive 1,95,600 shares (14.28%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 389,400 | 28.43% |
| Market Maker | 69,600 | 5.08% |
| Qualified Institutions | 259,800 | 18.97% |
| Non-Institutional | 195,600 | 14.28% |
| Retail Investors | 455,400 | 33.25% |
| Total | 1,369,800 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Rappid Valves (India) Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Rappid Valves (India) Limited Address / Contact Details
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
Rappid Valves (India) IPO Lot Size
The Rappid Valves (India) IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹1,33,200 by applying for 1 lot (600 shares). The maximum application allowed for the retail category is 1 lots (600 shares), requiring an investment of ₹1,33,200.
| 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 |
Issue Reservation
- Anchor Investors — 28.43%
- Market Maker — 5.08%
- QIB — 18.97%
- NII — 14.28%
- RII — 33.25%
Book Running Lead Managers
- Shreni Shares Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Rappid Valves (India) 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.
When will the Rappid Valves (India) IPO open for subscription?
The Rappid Valves (India) IPO opens on Mon, Sep 23, 2024 and closes on Wed, Sep 25, 2024
What is Rappid Valves (India) IPO Price Band?
Rappid Valves (India) IPO Price Band is ₹210 to 222 per share.
What is Rappid Valves (India) IPO Lot Size?
Rappid Valves (India) IPO lot size is 600 shares, Retail investors need a minimum investment of ₹266400 based on the upper price band
What is the minimum investment for Rappid Valves (India) IPO?
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.
How to apply for Rappid Valves (India) IPO?
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.
What is Rappid Valves (India) IPO Issue Size?
Rappid Valves (India) IPO issue size is ₹30.41 crores.
What is the Rappid Valves (India) IPO Allotment Date?
Rappid Valves (India) IPO allotment date is Thu, Sep 26, 2024.
Who is the Rappid Valves (India) IPO Registrar?
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.
What is the Rappid Valves (India) IPO GMP?
The Rappid Valves (India) IPO GMP (Grey Market Premium) is ₹0 as of Wed, Sep 18, 2024. Based on the upper price band of ₹222 per share, the estimated Rappid Valves (India) IPO listing price is ₹222, indicating a potential listing gain of approximately 0.00% over the issue price.
Who is the Rappid Valves (India) IPO Lead Manager?
The book-running lead managers (BRLMs) for the Rappid Valves (India) IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Rappid Valves (India) IPO Red Herring Prospectus (RHP).