Rappid Valves (India) Limited IPO

NiftyTrader • September 17, 2024

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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

IPO Date	September 23, 2024 to September 25, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹210 to ₹222 per share
Lot Size	600 Shares
Total Issue Size	1,369,800 shares (aggregating up to ₹30.41 Cr)
Fresh Issue	1,369,800 shares (aggregating up to ₹30.41 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	3,822,184
Shareholding post-issue	5,191,984
Market Maker portion	69,600 shares

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.

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹133,200
Retail (Max)	1	600	₹133,200
S-HNI (Min)	2	1200	₹266,400

Rappid Valves (India) IPO Objectives

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

Funding the Capital expenditure for the purchase of new Plant 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.

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

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,994.41	8,835.65	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

Rappid Valves (India) IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Net Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Net Offer

Rappid Valves (India) IPO Timeline

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
A 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