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Rappid Valves India IPO

  • Status: Closed
  • RHP:
  • ₹ 126,000 / 600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    30 Sep 2024

  • Listing Price

    ₹ 312.00

  • Listing Change

    155.74%

  • Last Traded Price

    ₹ 267.30

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

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IPO Timeline

Rappid Valves India IPO Subscription Status

Last Updated: 27 September 2024 10:14 AM 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 Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 55.97 2,59,800 1,45,42,200 322.84
NII (HNI) 491.49 1,95,600 9,61,35,600     2,134.21
Retail 109.09 4,55,400 4,96,78,800 1,102.87
Total 176.06 9,10,800 16,03,56,600 3,559.92

 

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
 

Profit and Loss

Balance Sheet

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