Rappid Valves (India) IPO Details: The Rappid Valves (India) IPO is set to open on September 23, 2024, and will close on September 25, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹30.41 crores. It includes a fresh issue of ₹30.41 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the Rappid Valves (India) IPO is ₹210 to ₹222 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to be listed on the NSE on September 30, 2024, with allotment scheduled for September 26, 2024.
In terms of financial performance, Rappid Valves (India) reported a revenue of ₹36.60 crores in 2024, a significant increase from ₹16.43 crores in 2023. The company’s profit also saw a notable rise to ₹4.13 crores in 2024, compared to ₹0.46 crores in the previous year. Given these promising financials, investors are encouraged to consider the IPO for long-term gains.
Rappid Valves (India) IPO Objectives:
- 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 (Apply or Not)
- Update soon
Rappid Valves (India) IPO Date & Price Band 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 Lot Size:
The minimum market lot for the Rappid Valves (India) IPO is set at 600 shares, with an application amount of ₹133,200.
| 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 Timeline:
The Rappid Valves (India) IPO will open for subscription on September 23, 2024, and close on September 25, 2024. Allotment of shares is expected to be finalized on September 26, 2024, with the shares scheduled to be listed on the NSE on September 30, 2024.
| 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 |
Rappid Valves (India) IPO GMP Today:
Rappid Valves (India) SME IPO last GMP is ₹0. With a price band of 222.00, Rappid Valves (India) SME IPO’s estimated listing price is ₹222 (cap price + today’s GMP). Promoters of Rappid Valves (India) IPO
The promoter of Rappid Valves (India) is Mr. Gaurav Vijay Dalal.
About Rappid Valves (India) IPO
Rappid Valves (India) Limited, also known by its brand names “Rapid” and “Rappid Valves,” is an engineering company specializing in valve solutions. Founded in 2002 and based in Thane, Maharashtra, the company offers a diverse portfolio of valve products, including Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block Valves, Strainer Valves, and Marine Valves. These valves are manufactured from both ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm to meet a wide array of needs.
Rappid Valves operates a well-equipped manufacturing facility featuring a comprehensive array of machinery. This includes conventional machines, automated VMC and CNC machines, automated test benches, EOT cranes, and various other equipment such as Center Lathes, Milling Machines, Radial Drilling Machines, Bench Grinders, Haksaws, Hardness Testers, and more, ensuring a seamless and efficient manufacturing process.The expected percentage gain/loss per share is 0.00%.
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 |
Rappid Valves (India) IPO Registrar
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
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: investors@rapidvalves.net
Website: https://www.rappidvalves.in/
Rappid Valves (India) IPO FAQs
1. What are the key dates for the Rappid Valves (India) IPO?
- IPO Open Date: September 23, 2024
- IPO Close Date: September 25, 2024
- Allotment Date: September 26, 2024
- Listing Date: September 30, 2024
2. What is the price band for the Rappid Valves (India) IPO?
The price band for the IPO is ₹210 to ₹222 per share.
3. What is the minimum market lot for the Rappid Valves (India) IPO?
The minimum market lot is 600 shares, with an application amount of ₹133,200.
4. How are the shares allocated in the Rappid Valves (India) IPO?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
5. Who are the promoters of Rappid Valves (India)?
The promoter of the company is Mr. Gaurav Vijay Dalal.
6. What is Rappid Valves (India) Limited known for?
Rappid Valves (India) Limited, operating under the brand names “Rapid” and “Rappid Valves,” specializes in manufacturing a wide range of valve solutions, including Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block Valves, Strainer Valves, and Marine Valves. The company caters to diverse industrial needs with its products made from ferrous and non-ferrous materials, ranging from 15mm to 600mm in size.
7. Where is the company’s manufacturing facility located?
The company’s manufacturing operations are based in Thane, Maharashtra.
8. What kind of machinery does Rappid Valves (India) use in its manufacturing process?
The facility is equipped with a comprehensive range of standard and automated machinery, including VMC and CNC machines, automated test benches, EOT cranes, Center Lathes, Milling Machines, Radial Drilling Machines, Bench Grinders, and other essential equipment to ensure efficient production.
