Rappid Valves (India) IPO Subscription Status

Rappid Valves (India)'s initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an 18.05 times oversubscription by 10:51:59 AM on day three. This response underscores the market appetite for Rappid Valves (India)'s shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 23rd September 2024, has seen significant growth in investor participation across all categories. Rappid Valves (India) attracted bids for 1,64,41,200 equity shares amounting to ₹364.99 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown strong demand, followed by robust interest from Retail Investors. The Qualified Institutional Buyers (QIB) have shown moderate participation.

Subscription Status of Rappid Valves (India) IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Rappid Valves (India) IPO as of Day 3 (25th September 2024, 10:51:59 AM):

Total Applications: 17,585

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Rappid Valves (India) is currently subscribed 18.05 times, with strong demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown significant interest, with a subscription ratio of 28.73 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 23.17 times.
• Qualified Institutional Buyers (QIB) have shown moderate interest, with a subscription ratio of 1.04 times.
• The overall subscription trend increases day-on-day, indicating growing investor confidence and positive sentiment towards the issue.

Rappid Valves (India) IPO - Day 2 Subscription at 10.84 Times

Key Highlights:

• On Day 2, Rappid Valves (India)'s IPO was subscribed 10.84 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 15.96 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 11.94 times.
• Qualified Institutional Buyers (QIB) showed initial interest with a subscription ratio of 1.04 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Rappid Valves (India) IPO - Day 1 Subscription at 2.71 Times

Key Highlights:

• The IPO of Rappid Valves (India) was subscribed 2.71 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early strong interest with a subscription ratio of 4.51 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 2.11 times.
• Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Rappid Valves (India) Ltd:

Rappid Valves (India) Limited, incorporated in 2002, is a specialized valve manufacturer catering to various industrial needs. The company offers a wide range of valves, including ball, gate, globe, butterfly, and marine valves, produced in both ferrous and non-ferrous materials with sizes ranging from 15mm to 600mm. Equipped with advanced machinery, Rappid Valves ensures efficient production while adhering to international standards. The company holds ISO 9001:2015, 14001:2015, and 45001:2018 certifications, reflecting its commitment to quality and safety.

Known for its expertise in marine valves, Rappid Valves also focuses on innovation to stay ahead in the industry. As of June 2024, the company employed 47 personnel, many with engineering backgrounds. Financially, Rappid Valves has shown remarkable growth, with revenue soaring from ₹1,215.24 lakhs in FY22 to ₹3,660.06 lakhs in FY24, and PAT increasing from ₹28.98 lakhs to ₹413.27 lakhs over the same period.

The IPO aims to support the company’s expansion, including new machinery, facility upgrades, and potential acquisitions. While the company has demonstrated strong growth, its ability to expand geographically and handle industry competition will be key to its future success.

Read more about Rappid Valves (India) IPO

Highlights of the Rappid Valves (India) IPO:

• IPO Date: 23rd September 2024 to 25th September 2024
• Listing Date: 30th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹210 to ₹222 per share
• Lot Size: 600 Shares
• Total Issue Size: 1,369,800 shares (aggregating up to ₹30.41 Cr)
• Fresh Issue: 1,369,800 shares (aggregating up to ₹30.41 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Market Lot: Minimum 600 Shares (1 lot) and Maximum 1200 Shares (2 lots)