Rappid Valves India IPO
IPO Details
- Open Date
23 Sep 2024
- Close Date
25 Sep 2024
- IPO Price Range
₹ 210 - ₹ 122
- IPO Size
₹ 30.41 Cr
- Listing Exchange
NSE SME
- Listing Date
30 Sep 2024
IPO Timeline
Last Updated: 19 September 2024 6:36 PM by 5Paisa
Rappid Valves (India) IPO is set to open on 23 September 2024 and will close on 25 September 2024. Rappid Valves specializes in making a wide range of valve solutions. They produce different types of valves such as ball, gate, globe, butterfly, check, double block, filter and marine valves.
The IPO includes a fresh issue of 13.7 lakh shares aggregating ₹30.41 Cr and it does not include offer for sale. The price range is set between ₹210 - ₹222 per share and the lot size is 600 shares.
The allotment is scheduled to be finalized on 26 September 2024. It will go public on NSE SME, with a tentative listing date of 30 September 2024.
Shreni Shares Limited is the book running lead manager, while Link Intime India Private Ltd is the registrar.
Rappid Valves IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹30.41 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹30.41 Cr |
Rappid Valves IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹133,200 |
| Retail (Max) | 1 | 600 | ₹133,200 |
| HNI (Min) | 2 | 1,200 | ₹266,400 |
Rappid Valves IPO Anchor Allocation
| Anchor Bid Date | 20 September, 2024 |
| Shares Offered | 389,400 |
| Anchor portion Size (In ₹ Cr.) | 8.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | 26 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 25 December, 2024 |
1. Funding for new plant, machinery, and software
2. Renovation of office and manufacturing unit
3. Repayment of borrowings
4. Acquisitions for growth
5. General corporate purposes
Founded in 2002, Rappid Valves (India) focuses on making various types of valves including ball, gate, globe, butterfly, check, double block, filter and marine valves. They use both ferrous and non ferrous materials and offer valve sizes from 15mm to 600mm to suit different needs.
Their manufacturing facility is well equipped with a range of machines including CNC machines, lathes, milling machines and test equipment. As of 30 June 2024 the company employs 47 people at their plant and office.
Peers
Atam Valves Ltd
Chemtech Industrial Valves Ltd
Hawa Engineers Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 36.60 | 16.43 | 12.15 |
| EBITDA | 7.36 | 2.33 | 1.95 |
| PAT | 4.13 | 0.46 | 0.29 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 29.94 | 16.57 | 12.18 |
| Share Capital | 8.50 | 3.50 | 0.55 |
| Total Borrowings | 10.98 | 9.93 | 9.78 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -1.07 | -0.43 | 1.14 |
| Net Cash Generated From / (used in) investing activities | -2.65 | -0.91 | -0.04 |
| Net Cash Generated From / (used in) financing activities | 4.65 | 1.66 | -1.28 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.93 | 0.32 | -0.18 |
Strengths
1. Offers a wide variety of valves including ball, gate, globe, butterfly and marine valves, catering to various needs.
2. Maintains strong, long term relationships with clients ensuring reliability and trust.
3. Leverages the extensive experience of its promoter to guide the company's strategy and operations.
Risks
1. Dependence on various materials and components could lead to production delays if there are supply chain issues.
2. Changes in regulations or standards, especially in the marine industry, could affect compliance and operational costs.
3. The company faces intense competition from both domestic and international valve manufacturers which could impact its market share and pricing power.
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FAQs
Rappid Valves (India) IPO opens from 23 September to 25 September 2024.
The size of the Rappid Valves (India) IPO is ₹30.41 Cr.
The price of the Rappid Valves (India) IPO is fixed between ₹210 -₹222 per share.
To apply for Rappid Valves (India) IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rappid Valves (India) IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Rappid Valves (India) IPO is 600 shares and the investment required is ₹1,26,000.
The share allotment date of Rappid Valves (India) IPO is 26 September 2024
The Rappid Valves (India) IPO will be listed on 30 September 2024.
Shreni Shares Limited is the book running lead manager for Rappid Valves (India) IPO.
Rappid Valves (India) plans to utilize the raised capital from the IPO for:
1. Funding for new plant, machinery, and software
2. Renovation of office and manufacturing unit
3. Repayment of borrowings
4. Acquisitions for growth
5. General corporate purposes
Contact Information
Rappid Valves India
Rappid Valves (India) Limited
Genesis Industrial Complex
Plot No. 30, Village Kolgaon
Palghar (East), Thane�401404
Phone: +91 9321463550
Email: investors@rapidvalves.net
Website: https://www.rappidvalves.in/
Rappid Valves India IPO Register
Shreni Shares Limited
Rappid Valves India IPO Lead Manager
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rappidvalves.smeipo@Linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
