Rappid Valves (India) IPO Details
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹210 to ₹222 Per Share |
| Issue Size: | Approx ₹30.41 Crores |
| Fresh Issue: | Approx ₹30.41 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Rappid Valves (India) IPO Market Lot
The Rappid Valves (India) IPO minimum market lot is 600 shares with ₹133,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹133,200 |
| Retail Maximum | 1 | 600 | ₹133,200 |
| HNI Minimum | 2 | 1,200 | ₹266,400 |
Rappid Valves (India) IPO Dates
The Rappid Valves (India) IPO date is September23 and the close date is September 25. The Rappid Valves (India) IPO allotment will be finalized on September 26 and the IPO listing on September 30.
| 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 |
Promoters of Rappid Valves (India) IPO
The promoters of the company are Mr. Gaurav Vijay Dalal.
About Rappid Valves (India) IPO
Rappid Valves (India) Limited is known by its brand name “Rapid” also known as “Rappid Valves”. It is an Engineering Company, that is primarily engaged in the manufacturing of Valve solutions. Their extensive product range portfolio encompasses a wide range of valves which includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves, and Marine Valves. All valve products are manufactured using ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm catering to diverse requirements. The Company was established in the year 2002 and has manufacturing operations in Thane, Maharashtra.
This place has a comprehensive range of standard machinery, such as conventional machines, automated VMC, automated CNC machines, automated test benches, EOT cranes, Center Lathe, Milling, Radial Drilling, Bench Grinder, Haksaw, Hardness tester, Lapping, Arc weld, Air Compressor, Buffing, CNC Super jobber, VMC, Crane, Pallet Truck Lifter, PMI Machine, Testing Machine, etc to support a seamless manufacturing process.
Rappid Valves (India) IPO Company Financial Report
The company reported revenue of ₹36.60 crores in 2024 against ₹16.43 crores in 2023. The company reported a profit of ₹4.13 crores in 2024 against a profit of ₹0.46 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹12.15 | ₹11.86 | ₹0.29 | ₹12.18 |
| 2023 | ₹16.43 | ₹15.81 | ₹0.46 | ₹16.57 |
| 2024 | ₹36.60 | ₹31.07 | ₹4.13 | ₹29.94 |
Rappid Valves (India) IPO Valuation – FY2024
Check Rappid Valves (India) IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 53.88% |
| ROCE: | 29.88% |
| EBITDA Margin: | 20.15% |
| PAT Margin: | 11.32% |
| Debt to equity ratio: | 0.90 |
| Earning Per Share (EPS): | ₹11.74 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 33.82% |
| Net Asset Value (NAV): | ₹34.72 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Atam Valves Ltd | 7.67 | 20.36 | 30.68% | 25.01 | NA |
| Chemtech Industrial Valves Ltd | 2.43 | 114.40 | 23.19% | 10.47 | NA |
| Hawa Engineers Limited | 1.98 | 80.81 | 4.25% | 46.58 | NA |
Objects of the Issue
- 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) IPO Review
- IPO Watch – May Apply
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Rappid Valves (India) IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
Rappid Valves (India) Limited
Genesis Industrial Complex
Plot No. 30, Village Kolgaon
Palghar (East), Thane-401404
Phone: +91 9321463550
Email: [email protected]
Website: https://www.rappidvalves.in/
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