Rappid Valves IPO Date, Review, Price, Allotment Details

Rappid Valves (India) IPO open date is September 23, 2024 and the IPO will close on September 25, 2024. Rappid Valves (India) IPO is a Book Built Issue. The company to raise around ₹30.41 crores via IPO that comprises fresh issue of ₹30.41 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Rappid Valves (India) IPO price band is ₹210 to ₹222 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Rappid Valves (India) IPO to list on NSE on September 30, 2024. The allotment of Rappid Valves (India) IPO date is September 26, 2024.

The company reported revenue of ₹36.60 crores in 2024 against ₹16.43 crore in 2023. The company reported profit of ₹4.13 crores in 2024 against profit of ₹0.46 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Rappid Valves (India) IPO

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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.

ApplicationLot SizeSharesAmount
Retail Minimum1600₹133,200
Retail Maximum1600₹133,200
HNI Minimum21,200₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Atam Valves Ltd7.6720.3630.68%25.01NA
Chemtech Industrial Valves Ltd2.43114.4023.19%10.47NA
Hawa Engineers Limited1.9880.814.25%46.58NA

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

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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/

Rappid Valves (India) IPO FAQs

What is Rappid Valves (India) IPO?

Rappid Valves (India) IPO is a SME IPO. The company is going to raise ₹30.41 Crores via IPO. The issue is priced at ₹210 to ₹222 pr equity share. The IPO is to be listed on NSE.

When Rappid Valves (India) IPO will open for subscription?

The IPO is to open on September 23, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 25, 2024.

What is Rappid Valves (India) IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Rappid Valves (India) IPO?

You can apply for Rappid Valves (India) IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Rappid Valves (India) IPO Issue Size?

Rappid Valves (India) IPO issue size is ₹30.41 crores.

What is Rappid Valves (India) IPO Price Band?

Rappid Valves (India) IPO Price Band is ₹210 to ₹222.

What is Rappid Valves (India) IPO Lot Size?

The minimum bid is 600 Shares with ₹133,200 amount.

What is the Rappid Valves (India) IPO Allotment Date?

Rappid Valves (India) IPO allotment date is September 26, 2024.

What is the Rappid Valves (India) IPO Listing Date?

Rappid Valves (India) IPO listing date is September 30, 2024. The IPO is to list on NSE.

Note: The Rappid Valves (India) IPO price band and date are officially announced. The (Rappid Valves (India) IPO grey market premium) will be added to the IPO GMP page as it will start).
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