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