Rappid Valves (India) Limited IPO
NSE SMEListed On: Sep 30, 2024 at ₹ 312.0
₹ 266400 /1200 Shares
*Min Investment
23 Sep, 2024
Open Date25 Sep, 2024
Close Date26 Sep, 2024
Allotment Date30 Sep, 2024
Listing DateExp. Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.
Rappid Valves (India) IPO Issue Details
- Issue Price ₹210-222 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 13,69,800 shares(aggregating up to ₹30.41 crore)
- Fresh Share 13,69,800 shares(aggregating up to ₹30.41 crore)
- Listing at NSE SME
- List Price 312.0
- Listing Date 2024-09-30
- Lead Manager Shreni Shares Limited
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,33,200 |
| Retail(max) | 1 | 600 | ₹1,33,200 |
| NII (min) | 2 | 1,200 | ₹2,66,400 |
Rappid Valves (India) IPO Reservation
Rappid Valves (India) IPO offers total 13,69,800 shares. Out of which 2,59,800 (18.97%) allocated to QIB, 1,95,600 (14.28%) allocated to NII,4,55,400 (33.25%) allocated to RII, NA (NA%) allocated to employees and 3,89,400 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,89,400 (28.43%) | |
| Market Maker Shares Offered | 69,600 (5.08%) | |
| QIB Shares Offered | 2,59,800 (18.97%) | |
| NII (HNI) Shares Offered | 1,95,600 (14.28%) | |
| Retail Shares Offered | 4,55,400 (33.25%) | |
| Total Shares Offered | 13,69,800 (100%) |
Rappid Valves (India) IPO Details
Rappid Valves (India) Limited IPO is an SME IPO, priced at ₹210-222 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 13,69,800 equity shares, aggregating up to ₹30.41 crores..
The IPO bidding window is open from Sep 23, 2024 to Sep 25, 2024. The allotment is expected to be finalized on Sep 26, 2024, and the tentative listing date is Sep 30, 2024.
The minimum lot size for retail investors is 600 shares, with a minimum investment of ₹1,33,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,66,400.
Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Rikhav Securities Limited will act as the market maker for this issue.
Rappid Valves (India) IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 259,800 / 195,600 | 455,400 | 910,800 |
Day 1 23-09-24 06:00 PM | 0.00 / 2.11 x | 4.51 x | 2.71 x |
Day 2 24-09-24 06:00 PM | 1.04 / 11.94 x | 15.96 x | 10.84 x |
Day 3 25-09-24 06:00 PM | 55.97 / 491.85 x | 109.09 x | 176.14 x |
Rappid Valves (India) Valuations
Rappid Valves (India) Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,994.41 | 1,656.75 | 1,217.6 |
| Revenue | 3,660.06 | 1,643.42 | 1,215.24 |
| Profit After Tax | 413.27 | 45.56 | 28.98 |
| Net Worth | 1,221.98 | 312.21 | -24.64 |
| Reserves & Surplus | 371.98 | -37.79 | -79.64 |
| Total Borrowing | 1,098.3 | 992.65 | 977.57 |
About Rappid Valves (India) Company
In 2002, Rappid Valves (India) Limited mainly focuses on valve solution manufacturing.
The firm manufactures different valves: ball, gate, globe, butterfly, check, double block, filter, and marine. The firm's valves are designed using ferrous and non-ferrous materials and have different sizes such as 15mm to 600mm in size.
The company possesses a highly comprehensive range of standard machinery, including conventional and automated CNC machines, VMCs, test benches, EOT cranes, lathes, milling machines, drilling machines, grinders, saws, testers, lapping machines, welders, compressors, buffing machines, and testing equipment, to support the smooth process of manufacturing.
The Company also has a number of quality certifications, such as ISO 9001:2015, 14001:2015, and ISO 45001:2018.
At, June 30, 2024, the company employed 47 persons at its Manufacturing Plant and Registered Office.
Rappid Valves (India) - Promoter(s)
Mr. Gaurav Vijay Dalal
Pre Issue Share Holding : 69.46%
Post Issue Share Holding : 51.13%
Rappid Valves (India) IPO - Issue 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
General corporate purposes.
Rappid Valves (India) IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Rappid Valves (India) Limited | 1.3 | N/A | 8.92 | N/A | 14.59 | 27.75 | Restated |
| Atam Valves Ltd | 7.67 | N/A | 25.01 | 20.36 | 30.68 | 6.24 | Consolidated |
| Chemtech Industrial Valves Ltd | 2.43 | N/A | 10.47 | 114.4 | 23.19 | 27.8 | Consolidated |
| Hawa Engineers Ltd | 1.98 | N/A | 46.58 | 80.81 | 4.25 | 3.48 | Consolidated |
Notes:
- The P/E Ratio has been computed based on their respective closing market price on September 13, 2024 as divided by the Basic EPS as on March 31, 2023.
- CMP is the closing prices or the last traded price of respective scripts as on September 13, 2024.
- The Issue Price determined by the Company in consultation with the Book Running Lead Manager is justified by our Company in consultation with the Lead Manager on the basis of the above parameters.
Contact Details
Rappid Valves (India)
Genesis Industrial Complex, Plot No. 30, Village Kolgaon, Palghar (East), Thane–401404
+91 9321463550
Registrar Contact Details
Rappid Valves (India) IPO - FAQs
Ans. Rappid Valves (India) Limited IPO is a SME IPO. The issue is priced at ₹210-222 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Sep 23, 2024, and closes on Sep 25, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Rappid Valves (India) Limited IPO opens on Sep 23, 2024 and closes on Sep 25, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Rappid Valves (India) Limited IPO is 1,369,800 shares(aggregating up to ₹30.41 Cr).
Ans. The Rappid Valves (India) Limited IPO price band is set between ₹210-222 per equity share.
Ans. To apply for Rappid Valves (India) Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rappid Valves (India) Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Rappid Valves (India) Limited IPO is Sep 26, 2024.
Ans. The Rappid Valves (India) Limited IPO will be listed on Sep 30, 2024.
Ans. Follow the steps to check the Rappid Valves (India) Limited IPO allotment status online.
