Rappid Valves (India) Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 649,200 (47%) | — | ₹1,441 Cr |
| NII (HNI) | — | 195,600 (14%) | — | ₹434 Cr |
| Retail | — | 455,400 (33%) | — | ₹1,011 Cr |
| Market Maker | — | 69,600 (5%) | — | ₹15 Cr |
| Σ Total | — | 1,369,800 (100%) | — | ₹30,410 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹133,200 |
| Retail (Max) | 13 | 7,800 | ₹1,731,600 |
| S-HNI (Min) | 14 | 8,400 | ₹1,864,800 |
| B-HNI (Min) | 67 | 40,200 | ₹8,924,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 3,660 | 1,643 | 1,215 |
| Profit After Tax | 413 | 46 | 29 |
| Net Worth | 1,222 | 312 | -25 |
| Total Assets | 2,994 | 1,657 | 1,218 |
| Reserves & Surplus | 372 | -38 | -80 |
| Total Borrowing | 1,098 | 993 | 978 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 Overview
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.