Rappid Valves India Ltd IPO
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Rappid Valves India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 13.7 L | TBA | ₹ 4.55 L | ₹ 26.55 L | NSE | ₹ 30.41 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Sep, 24 | 25 Sep, 24 | 600 | ₹ 1,26,000 | Book Building - SME | 30 Sep, 24 |
Rappid Valves India Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 22.4x | 649200 | 14542200 |
| NII | 491.85x | 195600 | 96205200 |
| Retail | 109.09x | 455400 | 49678800 |
| Employee | 0x | 0 | 0 |
| Total | 117.12x | 1369800 | 160426200 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rappid Valves India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.04 | 0.93 | 0.49 |
| EBITDA | 6.55 | 1.23 | 0.69 |
| PAT | 4.13 | 0.46 | 0.29 |
| Total Assets | 23.10 | 11.94 | 8.24 |
| Share Capital | 8.50 | 3.50 | 0.55 |
| Total Borrowings | 4.79 | 4.25 | 5.75 |
| Operating Activities (Net Cash) | 4.64 | 0.76 | 0.49 |
| Investing Activities (Net Cash) | 0.17 | 0.16 | 0.16 |
| Financing Activities (Net Cash) | 4.79 | 4.25 | 5.75 |
| Net Cashflow | 1.58 | 0.65 | 0.33 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Rappid Valves India Ltd
Our company was originally formed as a Private Limited Company under the name Rapid Valves (India) Private Limited under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on May 24, 2002. Subsequently, the company changed its name to Rappid Valves (India) Private Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on January 24, 2009 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on February 10, 2009. Subsequently, the status of the Company was changed to Public Limited and the name of our Company was changed to Rappid Valves (India) Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on January 31, 2024. The fresh certificate of incorporation consequent to conversion was issued on June 20, 2024 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U74999MH2002PLC135992.
We operate in the Valve Industry for manufacturing different types of Ball Valves, Gate Valves, Globe Valves, Check Valves, Butterfly Valves, etc. which are manufactured using ferrous and non-ferrous materials. A valve is a device or natural object that regulates, directs or controls the flow of a fluid (gases, liquids, fluidized solids, or slurries) by opening, closing, or partially obstructing various passageways. Valves are technically fittings, but are usually discussed as a separate category. In an open valve, fluid flows in a direction from higher pressure to lower pressure. It is simply a freely hinged flap which swings down to obstruct fluid (gas or liquid) flow in one direction, but is pushed up by the flow itself when the flow is moving in the opposite direction.
Our Company is an Engineering Company, primarily engaged in the manufacturing of Valve solutions. Our extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves. Check Valves, Double Block valves, Strainer Valves and Marine Valves which are manufactured using ferrous and non-ferrous materials, sizes ranging from 15mm to 600mm catering to diverse requirement across various valve Industries.
Peer Comparison:
- Atam Valves Ltd
- Chemtech Industrial Valves Ltd
- Hawa Engineers Ltd
Rappid Valves India Ltd IPO Key Points
Strengths
- Wide range of our products.
- Well established relationship with clients.
- Leveraging the experience of our Promoter.
- Strong Marketing Practices.
- Good Standing in Marine Industry.
Risk
- The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- Any delays, interruptions or reduction in the supply of raw materials to manufacture its products and any abrupt fluctuations in the prices of the company raw materials may adversely affect the pricing of its products and may have an impact on the company Business, Results of Operation, Financial Condition and Cash Flows.
- The company derives a significant portion of its revenues from a limited number of customers. The loss of, or a significant reduction in the revenues the company receive from, one or more of these customers, may adversely affect its business.
Strategy
- Continue to invest in our manufacturing capabilities.
- Introduce Innovative techniques.
- Expand our geographical presence.
- Wide range of our products.
- Well established relationship with clients.
- Leveraging the experience of our Promoter.
- Strong Marketing Practices.
- Good Standing in Marine Industry.
How To Apply for Rappid Valves India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.