The Rappid Valves (India) IPO is scheduled to open on September 23, 2024, and will close on September 25, 2024. This is a Book Built Issue aiming to raise approximately ₹30.41 crores, consisting of a fresh issue of ₹30.41 crores along with an offer for sale of equity shares, each having a face value of ₹10.
The price band for the Rappid Valves (India) IPO is set between ₹210 and ₹222 per share. The allocation is structured as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are anticipated to be listed on the NSE on September 30, 2024, with allotment scheduled for September 26, 2024.
In terms of financial performance, Rappid Valves (India) reported revenues of ₹36.60 crores in 2024, a substantial increase from ₹16.43 crores in 2023. The company’s profit also rose significantly to ₹4.13 crores in 2024, compared to just ₹0.46 crores the previous year. Given these encouraging financial results, investors are advised to consider this IPO for potential long-term gains.
Rappid Valves (India) IPO Objectives
The objectives of the Rappid Valves (India) IPO include:
Funding capital expenditures for the purchase of new plant, machinery, and software.
Renovating the registered office and existing manufacturing unit.
Repaying or prepaying all or a portion of the company’s borrowings.
Pursuing inorganic growth initiatives through acquisitions.
Covering general corporate purposes.
Rappid Valves (India) IPO Review (Should You Apply?)
Review update: Coming soon
Rappid Valves (India) IPO Date & Price Band Details
Stay tuned for more information on the IPO date and price band details.
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹210 to ₹222 Per Share |
| Issue Size: | Approx ₹30.41 Crores |
| Fresh Issue: | Approx ₹30.41 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
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Rappid Valves (India) IPO Lot Size
The minimum lot size for the Rappid Valves (India) IPO is 600 shares, requiring an application amount of ₹133,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹ 1,33,200 |
| Retail Maximum | 1 | 600 | ₹ 1,33,200 |
| HNI Minimum | 2 | 1,200 | ₹ 2,66,400 |
Rappid Valves (India) IPO Timeline
The Rappid Valves (India) IPO will open for subscription on September 23, 2024, and close on September 25, 2024. The allotment of shares is expected to be finalized on September 26, 2024, with the shares scheduled to be listed on the NSE on September 30, 2024.
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25, 2024 |
| Basis of Allotment: | September 26, 2024 |
| Refunds: | September 27, 2024 |
| Credit to Demat Account: | September 27, 2024 |
| IPO Listing Date: | September 30, 2024 |
About Rappid Valves (India) IPO
Rappid Valves (India) Limited, also known by its brand names “Rapid” and “Rappid Valves,” is an engineering company based in Thane, Maharashtra, specializing in valve solutions. Established in 2002, the company offers a diverse range of valve products, including Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block Valves, Strainer Valves, and Marine Valves. These valves are manufactured from both ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm to cater to various applications.
Rappid Valves operates a state-of-the-art manufacturing facility equipped with an extensive array of machinery, including conventional machines, automated VMC and CNC machines, automated test benches, EOT cranes, and various other equipment such as center lathes, milling machines, radial drilling machines, bench grinders, hacksaws, and hardness testers. This advanced setup ensures a seamless and efficient manufacturing process.
Rappid Valves (India) IPO Company Financial Report
In the financial year 2024, the company reported revenue of ₹36.60 crores, a significant increase from ₹16.43 crores in 2023. The profit for 2024 rose to ₹4.13 crores, compared to ₹0.46 crores in the previous year.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 12.15 | ₹ 11.86 | ₹ 0.29 | ₹ 12.18 |
| 2023 | ₹ 16.43 | ₹ 15.81 | ₹ 0.46 | ₹ 16.57 |
| 2024 | ₹ 36.60 | ₹ 31.07 | ₹ 4.13 | ₹ 29.94 |
Rappid Valves (India) IPO Valuation – FY2024
Check Rappid Valves (India) IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 53.88% |
| ROCE: | 29.88% |
| EBITDA Margin: | 20.15% |
| PAT Margin: | 11.32% |
| Debt to equity ratio: | 0.9 |
| Earning Per Share (EPS): | ₹11.74 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 33.82% |
| Net Asset Value (NAV): | ₹ 34.72 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Atam Valves Ltd | 7.67 | 20.36 | 30.68% | 25.01 | NA |
| Chemtech Industrial Valves Ltd | 2.43 | 114.4 | 23.19% | 10.47 | NA |
| Hawa Engineers Limited | 1.98 | 80.81 | 4.25% | 46.58 | NA |
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
IPO Lead Managers aka Merchant Bankers
Shreni Shares Limited
Company Address
- 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 FAQs
What is the Rappid Valves (India)?
The Rappid Valves (India) IPO is an SME IPO aiming to raise ₹30.41 crores. The issue is priced between ₹210 and ₹222 per equity share, and it will be listed on the NSE.
When will the Rappid Valves (India) IPO open for subscription?
The IPO will open for subscription on September 23, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. It will close on September 25, 2024.
What is the investor allocation for the Rappid Valves (India) IPO?
The allocation for the IPO is as follows: 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.
How can I apply for the Rappid Valves (India) IPO?
You can apply for the Rappid Valves (India) IPO through ASBA online via your bank account. Alternatively, you can apply online via UPI through your stock brokers or by filling out an offline form with your stock brokers.
What is the issue size of the Rappid Valves (India) IPO?
The issue size for the Rappid Valves (India) IPO is ₹30.41 crores.
What is the price band for the Rappid Valves (India) IPO?
The price band for the Rappid Valves (India) IPO is set between ₹210 and ₹222.
What is the lot size for the Rappid Valves (India) IPO?
The minimum bid size is 600 shares, requiring an application amount of ₹133,200.