Rappid Valves (India) Limited IPO

Rappid Valves (India) Limited IPO opens on September 23, 2024, and closes on September 25, 2024. The allotment for the Rappid Valves (India) IPO is expected to be finalized on Thursday, September 26, 2024. Rappid Valves (India) IPO will list on NSE SME with a tentative listing date fixed as Monday, 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.

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 Details

Rappid Valves (India) IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

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 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.

About Rappid Valves (India) Limited

Incorporated in 2002, Rappid Valves (India) Limited specializes in manufacturing a wide range of valve solutions, including ball, gate, globe, and butterfly valves, using both ferrous and non-ferrous materials. The company’s advanced manufacturing facility, equipped with CNC machines, VMCs, and other specialized equipment, supports its high-quality production processes. With certifications like ISO 9001:2015, 14001:2015, and ISO 45001:2018, Rappid Valves emphasizes innovation, a deep understanding of the marine industry, and expanding its geographical footprint with new sales offices. As of June 30, 2024, the company employs 47 skilled professionals dedicated to maintaining its technological edge and manufacturing excellence.

Rappid Valves (India) Limited Financial Information

Rappid Valves (India) IPO Reservation

Rappid Valves (India) IPO Timeline

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