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Rappid Valves India Ltd

Capital Goods-Non Electrical Equipment

Offer Period :

23rd to 25th Sep 2024

Incorporated in 2002, Rappid Valves India Limited is a renowned manufacturer of valve solutions, specializing in ball, gate, butterfly, and marine valves. Read more... The company serves various industrial sectors with valve sizes ranging from 15mm to 600mm. Its state-of-the-art production facility is equipped with CNC machines, VMCs, and other advanced equipment, ensuring high-quality manufacturing processes. Rappid Valves is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, reflecting its commitment to quality standards, environmental responsibility, and workplace safety. The company has sales offices across major Indian cities, expanding its reach and market presence.

The Rappid Valves India IPO is a book-built issue amounting to ₹30.41 crores, consisting entirely of a fresh issue of 13.7 lakh shares. The IPO opened on September 23, 2024, and closes today, September 25, 2024. The price band is set between ₹210 and ₹222 per share, with a minimum application lot size of 600 shares for retail investors, amounting to ₹133,200. For High Net-worth Individuals (HNIs), the minimum application is 1,200 shares, requiring an investment of ₹266,400. The allotment is expected to be finalized on September 26, 2024, with the shares scheduled to list on the NSE SME platform on September 30, 2024. Shreni Shares Limited is the book running lead manager for this issue, with Link Intime India Private Ltd as the registrar and Rikhav Securities as the market maker.Read less

Rappid Valves India Ltd IPO Details

IPO Date 23rd to 25th Sep 2024 Minimum Investment ₹133200 / 1 Lots
Listing Date 2024-09-30 Maximum Investment ₹133200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹30.41 Crores
Price ₹222 to ₹222 per share Fresh Issue ₹30.41 Crores
Lot Size 1 Lots (600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 23rd to 25th Sep 2024
Listing Date 2024-09-30
Face Value ₹10 per share
Price ₹222 to ₹222 per share
Lot Size 1 Lots (600 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹133200 / 1 Lots
Maximum Investment ₹133200 / 1 Lots
Total Issue Size ₹30.41 Crores
Fresh Issue ₹30.41 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

23rd Sep

IPO Starts

25th Sep

IPO Ends

26th Sep

Allotment Date

27th Sep

Initiation of Refund

27th Sep

Credit of Shares to Demat Account

30th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 69.46 51.13
Public Group 30.54 48.87

Rappid Valves India Ltd IPO Reservation

QIB Shares Offered 259800(18.97%)
NII (HNI) Shares Offered 195600(14.28%)
Retail Shares Offered 455400(33.25%)
Anchor Investor Shares Offered 389400(28.43%)
Total Shares Offered 1369800
Total Shares With Anchor Investor 1369800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Rappid Valves India Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id rappidvalves.smeipo@Linkintime.co.in
Our Website www.linkintime.co.in

Rappid Valves India Ltd IPO Lead Manager

1. Shreni Shares Ltd

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Rappid Valves India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 2,59,800 2,71,200 17,390.0
Non Institutional Investors 2,65,200 51,95,400 17,390.0
Retail Individual Investors (RIIs) 4,55,400 1,04,34,000 17,390.0
Total 9,80,400 1,59,00,600 17,390.0

Strength of Rappid Valves India Ltd

1. Wide range of our products.

2. Well established relationship with clients.

3. Leveraging the experience of our Promoter.

4. Strong Marketing Practices.

5. Good Standing in Marine Industry.

Risks Involved

1. The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

2. Any delays, interruptions or reduction in the supply of raw materials to manufacture its products and any abrupt fluctuations in the prices of the company raw materials may adversely affect the pricing of its products and may have an impact on the company Business, Results of Operation, Financial Condition and Cash Flows.

3. The company derives a significant portion of its revenues from a limited number of customers. The loss of, or a significant reduction in the revenues the company receive from, one or more of these customers, may adversely affect its business.

4. The company has certain outstanding litigation against it, an adverse outcome of which may affect its results of operations.

5. The company derives a significant portion of its revenue from Ball Valves, Gate Valves, Globe Valves, Butterfly Valves and Check valves, any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.

6. The Company sells its products for specific use by certain Industries. Any reduction in the demand or requirement of its products in such Industries may result in loss of Business and may affect the company Financial Performance and Financial Condition.

7. The company source its 100 % raw materials from domestic market i.e. Gujarat and Maharashtra. Any adverse developments affecting its procurement in these regions could have an adverse impact on the company revenue and results of operations.

8. The company generate its major portion of sales from its operations in certain geographical regions especially, Maharashtra, New Delhi and Gujarat. Any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

9. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

10. Any disruption, breakdown or shutdown of its Manufacturing operations at the company Manufacturing Facility could have an adverse effect on its Business, Financial Condition and Results of Operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Rappid Valves India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-30 93344 RAPPID
INE0MVO01012
₹222 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹222 ₹222
Open ₹0 ₹312
Low ₹0 ₹302
High ₹0 ₹327.6
Low ₹0 ₹302

Industry Outlook of Rappid Valves India IPO

Growing Demand for Industrial Valves: The valve industry plays a critical role in various sectors such as oil & gas, water treatment, chemical processing, and power generation.  Read more... The global demand for industrial valves, including ball valves, gate valves, globe valves, and check valves, continues to rise due to increased infrastructure development and industrialization.

Diverse Product Offerings: Rappid Valves India manufactures a wide range of valves, including ball valves, gate valves, globe valves, check valves, and butterfly valves, using both ferrous and non-ferrous materials. These products are essential for regulating the flow of fluids in a variety of applications.

Technological Advancements: Innovation in valve technology, such as automated valves and smart control systems, has further boosted the industry. These advancements enhance efficiency and reduce manual intervention in industries where precision fluid control is necessary.

Positive Market Outlook: The valve industry is expected to grow steadily due to increasing investments in energy infrastructure and water management systems. As industries focus on enhancing operational efficiency, the demand for advanced valves is likely to surge, providing significant growth opportunities for Rappid Valves India. Read less

Frequently Asked Questions

What is Rappid Valves India Ltd IPO?

Answer Field

Rappid Valves India Ltd IPO is a SME IPO of 13,69,800 equity shares of a face value of ₹10 aggregating up to ₹30.41 Crores. The issue is priced at ₹222 to ₹222 per share. The minimum order quantity is 600 Shares. The IPO opens on September 23, 2024, and closes on September 25, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Rappid Valves India Ltd IPO will open?

Answer Field

The Rappid Valves India Ltd IPO opens on September 23, 2024 and closes on September 25, 2024.

What is the lot size of Rappid Valves India Ltd?

Answer Field

Rappid Valves India Ltd lot size is 600 shares, and the minimum amount required is ₹1,33,200.

How to apply for Rappid Valves India Ltd IPO?

Answer Field

You can apply in Rappid Valves India Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Rappid Valves India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Rappid Valves India Ltd IPO will be done on September 26, 2024, and the allotted shares will be credited to your demat account by September 27, 2024.

When is Rappid Valves India Ltd IPO listing date?

Answer Field

The Rappid Valves India Ltd listing date is September 30, 2024.

Who is the registrar of Rappid Valves India Ltd IPO?

Answer Field

The registrar of Rappid Valves India Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Shreni Shares Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Rappid Valves India Ltd IPO?

Answer Field

The fresh issue size is ₹30.41 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Rappid Valves India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 600 shares and ₹1,33,200 amount.

How can I approve the UPI mandate request for Rappid Valves India Ltd IPO?

Answer Field

To apply for Rappid Valves India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Rappid Valves India Ltd?

Answer Field

The price of each Rappid Valves India Ltd share will be ranging in between ₹222 to ₹222 per share.

What is the cut-off time for the UPI mandate for Rappid Valves India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 25, 2024.

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