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Rappid Valves (India) Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹222
Per Share
GMP
NIL
Grey Market
Est. Listing
₹222
Expected Price
Min. Application
₹266,400
2 lots × 600 shares
IPO Issue Details
Issue Price / Price Band₹222 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size13,69,800 shares (aggregating up to ₹30.41 Cr
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 23 Sep 2024
Subscription CloseWed, 25 Sep 2024
Anchor AllotmentSun, 22 Sep 2024
Basis of AllotmentThu, 26 Sep 2024
Initiation of RefundsFri, 27 Sep 2024
Credit of Shares to DematFri, 27 Sep 2024
Listing DateMon, 30 Sep 2024
UPI Mandate Deadline2024-09-25
Application & Investment Details
Retail — Min (1 Lots)₹1,33,200 — 600 shares
Retail — Max (13 Lots)₹1,731,600 (13 Lots)
HNI — Min (2 Lots)₹2,66,400 — 1200 shares
EPS (Pre-IPO)₹10.81
EPS (Post-IPO)₹7.96
P/E Ratio (Pre-IPO)20.53x
P/E Ratio (Post-IPO)27.89x
Net Offer to Public13,00,200 shares (aggregating up to ₹28.86 Cr)
Reserved for Market Maker69,600 shares (aggregating up to ₹1.55 Cr)
Pre-IPO Promoter Holding38,22,184 shares
Post-IPO Promoter Holding51,91,984 shares
About Rappid Valves (India) Ltd

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 StrengthsExperienced and dedicated key management personnelFocus on Innovative and new productsSolid knowledge base of Marine IndustriesUpgradation and expansion of manufacturing capabilitiesExpanding 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.

Objects of the Issue

Rappid Valves (India) Ltd proposes to utilise the net proceeds from the Issue for 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.
Shareholding & Lock-in
Pre-IPO Promoter Holding 38,22,184 shares
Post-IPO Promoter Holding 51,91,984 shares
Check AllotmentCheck Status →
Rappid Valves (India) Ltd — Live Price LIVE
₹222.00
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Issue ₹222.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹222
GMPNIL
Est. Listing₹222
Lot Size600 shares
Min Amount₹266,400
Listing Date30 Sep 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹222
Listing Date30 Sep 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 69,600 ₹1.55 Cr
TOTAL 1,369,800 100.00% ₹30.41 Cr
* Based on ₹222.00 (upper price band)
Lot Size & Investment Details
Lot Size
600
Shares
Issue Price
₹222.00
Per Share
Min Investment
₹133,200
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 600 ₹133,200
Retail (Max) 13 7,800 ₹1,731,600
sNII (Min) 14 8,400 ₹1,864,800
bNII (Min) 68 40,800 ₹9,057,600
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 3660.06 1643.42 1215.24
EBITDA N/A N/A N/A
Profit After Tax (PAT) 413.27 45.56 28.98
Net Worth 1221.98 312.21 -24.64
Total Assets 2994.41 1656.75 1217.60
Reserves & Surplus 371.98 -37.79 -79.64
Total Borrowings 1098.30 992.65 977.57
Key Ratios & Valuation
Issue Price ₹222
Face Value ₹10 Per Share
P/BV N/A
RoE 53.88%
RoCE 29.88%
RoNW 33.82%
PAT Margin (%) 11.32%
EBITDA Margin (%) 24.89
Debt / Equity 0.90
Company Details
Company
Rappid Valves (India) Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Genesis Industrial Complex Plot No. 30, Village Kolgaon Palghar (East), Thane Mumbai, Maharashtra, 401404
Book Running Lead Managers
Shreni Shares Ltd
Book Running Lead Manager (BRLM)