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Rappid Valves (India) Limited IPO (Rappid Valves (India) IPO) Detail

September 23, 2024 - September 25, 2024

Rappid Valves (India) IPO is a book built issue of Rs 30.41 crores. The issue is entirely a fresh issue of 13.7 lakh shares.

Rappid Valves (India) IPO bidding started from September 23, 2024 and ended on September 25, 2024. The allotment for Rappid Valves (India) IPO was finalized on Thursday, September 26, 2024. The shares got listed on NSE SME on September 30, 2024.

Rappid Valves (India) IPO price band is set at ₹210 to ₹222 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹133,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹266,400.

Shreni Shares Limited is the book running lead manager of the Rappid Valves (India) IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rappid Valves (India) IPO is Rikhav Securities.

Refer to Rappid Valves (India) IPO RHP for detailed information.

Rappid Valves (India) IPO Details

IPO Date September 23, 2024 to September 25, 2024
Listing Date September 30, 2024
Face Value ₹10 per share
Price Band ₹210 to ₹222 per share
Lot Size 600 Shares
Total Issue Size1,369,800 shares
(aggregating up to ₹30.41 Cr)
Fresh Issue1,369,800 shares
(aggregating up to ₹30.41 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue3,822,184
Share holding post issue5,191,984
Market Maker portion69,600 shares
Rikhav Securities

Rappid Valves (India) IPO Reservation

Rappid Valves (India) IPO offers 13,69,800 shares. 2,59,800 (18.97%) to QIB, 1,95,600 (14.28%) to NII, 4,55,400 (33.25%) to RII and 3,89,400 (28.43%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered3,89,400 (28.43%)
Market Maker Shares Offered69,600 (5.08%)
QIB Shares Offered2,59,800 (18.97%)
NII (HNI) Shares Offered1,95,600 (14.28%)
Retail Shares Offered4,55,400 (33.25%)
Total Shares Offered13,69,800 (100%)

Rappid Valves (India) IPO Anchor Investors Details

Rappid Valves (India) IPO raises Rs 8.64 crore from anchor investors. Rappid Valves (India) IPO Anchor bid date is September 20, 2024. Rappid Valves (India) IPO Anchor Investors list

Bid Date September 20, 2024
Shares Offered 389,400
Anchor Portion Size (In Cr.) 8.64
Anchor lock-in period end date for 50% shares (30 Days) October 26, 2024
Anchor lock-in period end date for remaining shares (90 Days) December 25, 2024

Rappid Valves (India) IPO Timeline (Tentative Schedule)

Rappid Valves (India) IPO opens on September 23, 2024, and closes on September 25, 2024.

IPO Open Date Monday, September 23, 2024
IPO Close Date Wednesday, September 25, 2024
Basis of Allotment Thursday, September 26, 2024
Initiation of Refunds Friday, September 27, 2024
Credit of Shares to Demat Friday, September 27, 2024
Listing Date Monday, September 30, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 25, 2024

Rappid Valves (India) IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below 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 ₹133,200
Retail (Max) 1 600 ₹133,200
HNI (Min) 2 1,200 ₹266,400
Lot Size Calculator

Rappid Valves (India) IPO Promoter Holding

The promoter of the Company is Mr. Gaurav Vijay Dalal.

Share Holding Pre Issue 69.46%
Share Holding Post Issue 51.13%

About Rappid Valves (India) Limited

Incorporated in 2002, Rappid Valves (India) Limited primarily engages in the manufacturing of Valve solutions.

The company offers various valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are made using ferrous and non-ferrous materials and come in sizes ranging from 15mm to 600mm to meet diverse requirements.

The company's manufacturing unit is equipped with a 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, supporting a seamless manufacturing process.

The Company has also obtained various quality certifications, such as ISO 9001:2015, 14001:2015, and ISO 45001:2018.

Competitive Strengths

  • Experienced and dedicated key management personnel
  • Focus on Innovative and new products
  • Solid knowledge base of Marine Industries
  • Upgradation and expansion of manufacturing capabilities
  • Expanding geographical reach by establishing sales offices in Dahej, Ahmedabad, Pune, and Noida.
  • Technologically advanced manufacturing facility needed for valve production.
  • Significantly expert personnel with an engineering background.

As of, June 30, 2024, the company had employed 47 personnel at its Manufacturing Plant and Registered Office.

Company Financials

Rappid Valves (India) Limited Financial Information (Restated)

Rappid Valves (India) Limited's revenue increased by 123% and profit after tax (PAT) rose by 807% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,994.411,656.751,217.6
Revenue3,660.061,643.421,215.24
Profit After Tax413.2745.5628.98
Net Worth1,221.98312.21-24.64
Reserves and Surplus371.98-37.79-79.64
Total Borrowing1,098.3992.65977.57
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Rappid Valves (India) IPO is Rs 115.26 Cr.

KPI as of March 31, 2024.

KPI Values
ROE53.88%
ROCE29.88%
Debt/Equity0.9
RoNW33.82%
P/BV24.89
PAT Margin (%)11.32
Pre IPO Post IPO
EPS (Rs) 10.817.96
P/E (x) 20.5327.89
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Rappid Valves (India) IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding the Capital expenditure for the purchase of new Plant and machinery and Software by the Company;
  2. Expenditure for the renovation of the registered office and existing manufacturing unit;
  3. Repayment/prepayment of all or certain of our borrowings availed of by our Company;
  4. Pursuing inorganic growth initiatives through acquisitions and
  5. General corporate purposes.

Rappid Valves (India) IPO Review (May apply)

[Dilip Davda]  The company is engaged in the business of manufacturing valve solutions. It posted bumper profits for FY24 i.e. pre-IPO year, that raise eyebrows and concern over its sustainability. It is operating in a highly competitive and fragmented segment. Based on FY24 super earnings, the issue appears relatively fully priced. Small equity post IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for long term. Read detail review...


Rappid Valves (India) IPO Subscription Status (Bidding Detail)

The Rappid Valves (India) IPO is subscribed 176.06 times on September 25, 2024 6:19:58 PM. The public issue subscribed 109.09 times in the retail category, 55.97 times in the QIB category, and 491.49 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB55.97
NII491.49
Retail109.09
Total176.06

Total Application : 82,798 (109.09 times)

Rappid Valves (India) IPO Prospectus

Rappid Valves (India) IPO Rating

3
4.7
Rating:Rated 4.7 stars
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Rappid Valves (India) IPO Listing Details

Listing Date September 30, 2024
BSE Script Code
NSE Symbol RAPPID
ISIN INE0MVO01012
Final Issue Price ₹222 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹222.00
₹312.00
₹302.00
₹327.60
₹309.35

Check IPO Performance…

Rappid Valves (India) Limited Contact Details

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 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

Rappid Valves (India) IPO - Buy or Not

Rappid Valves (India) IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Rappid Valves (India) IPO FAQs

Rappid Valves (India) IPO is a SME IPO of 1,369,800 equity shares of the face value of ₹10 aggregating up to ₹30.41 Crores. The issue is priced at ₹210 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 Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Rappid Valves (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Rappid Valves (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Rappid Valves (India) IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Rappid Valves (India) IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Rappid Valves (India) IPO lot size is 600 Shares, and the minimum amount required is ₹133,200.

You can apply in Rappid Valves (India) 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Rappid Valves (India) IPO will be done on Thursday, September 26, 2024, and the allotted shares will be credited to your demat account by Friday, September 27, 2024. Check the Rappid Valves (India) IPO allotment status.

The Rappid Valves (India) IPO listing date is on September 30, 2024.
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