Rappid Valves (India) IPO Details
SME
Rappid Valves (India) IPO opens for subscription on 23 Sep 2024 and closes on 25 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 30 Sep 2024.
Rappid Valves (India) IPO price band has been fixed at ₹210 – ₹222 per share.The face value is ₹10 per share with a lot size of 600.
Rappid Valves (India) IPO total issue size comprises 13,69,800 shares (aggregating up to ₹30.41 Cr). This includes a fresh issue of 13,69,800 shares (aggregating up to ₹30.41 Cr). Pre-issue shareholding stands at 38,22,184, which will increase to 51,91,984 post-issue.
Rappid Valves (India) IPO carries a ₹100 (45.0%) GMP, reflecting investor sentiment.
Rappid Valves (India) IPO Lot Size : Retain Minimum is 1 lot (600 shares) amounting to ₹133,200. Retain Maximum is 1 lot (600 shares) amounting to ₹133,200. SHNI Minimum is 2 lots (1,200 shares) amounting to ₹266,400.
The Lead Managers for Rappid Valves (India) IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Shreni Shares Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Rikhav Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Rappid Valves (India) Limited RHP.
Rappid Valves (India) IPO Details
Rappid Valves (India) IPO Subscription
Rappid Valves (India) IPO Application Wise Breakup
Rappid Valves (India) IPO Dates
- 23 Sep 2024Opening dateOPD
- 25 Sep 2024Closing dateCOD
- 26 Sep 2024Allotment Date BOA
- 27 Sep 2024Initiation of RefundsIOR
- 27 Sep 2024Credit of SharesCOS
- 30 Sep 2024Listing dateLID
Rappid Valves (India) IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 600 | ₹133,200 |
| Retain Maximum | 1 | 600 | ₹133,200 |
| SHNI Minimum | 2 | 1200 | ₹266,400 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Rappid Valves (India) IPO Reservation
Promoter Holding
Rappid Valves (India) IPO Valuations
Rappid Valves (India) Financial Information
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 and Surplus | 371.98 | -37.79 | -79.64 | |||||||||||||||||||||||||||
| Total Borrowing | 1,098.3 | 992.65 | 977.57 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Rappid Valves (India) IPO
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.
Strength Of Rappid Valves (India) IPO
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.
Risk Of Rappid Valves (India) IPO
1. Our Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
2. Any delays, interruptions or reduction in the supply of raw materials to manufacture our products and any abrupt fluctuations in the prices of our raw materials may adversely affect the pricing of our products and may have an impact on our Business, Results of Operation, Financial Condition and Cash Flows.
3. We derive a significant portion of our revenues from a limited number of customers. The loss of, or a significant reduction in the revenues we receive from, one or more of these customers, may adversely affect our business.
4. We have certain outstanding litigation against us, an adverse outcome of which may affect our results of operations.
5. We derive a significant portion of our 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 our business, results of operations and financial condition.
6. Our Company sells its products for specific use by certain Industries. Any reduction in the demand or requirement of our products in such Industries may result in loss of Business and may affect our Financial Performance and Financial Condition.
7. We source our 100 % raw materials from domestic market i.e. Gujarat and Maharashtra. Any adverse developments affecting our procurement in these regions could have an adverse impact on our revenue and results of operations.
8. We generate our major portion of sales from our operations in certain geographical regions especially, Maharashtra, New Delhi and Gujarat. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
9. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of our Company.
10. Any disruption, breakdown or shutdown of our Manufacturing operations at our Manufacturing Facility could have an adverse effect on our Business, Financial Condition and Results of Operations.
Objectives Rappid Valves (India) IPO
- 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.
Company 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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