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Rappid Valves India Ltd IPO

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.

Rappid Valves India Ltd IPO Details

Total Shares Offered

₹ 13,69,800

Offer to Public

TBA

Retail Max (Shares)

₹ 4,55,400

Pre Issue Promoters Holding

₹ 26,54,536

Exchange

NSE

Issue size

₹ 30.41 Cr

IPO Open Date

Sep 23, 2024

Close Date

Sep 25, 2024

Lot Size

600

Min Investment

₹ 1,26,000

Issue Type

Book Building - SME

Listing Date

Sep 30, 2024

Rappid Valves India Ltd IPO Dates

Sep 23, 2024

Opening date

Sep 25, 2024

Closing date

Sep 26, 2024

Basis of Allotment

Sep 27, 2024

Initiation of Refunds

Sep 27, 2024

Credit of Shares

Sep 30, 2024

Listing date

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*
QIB	0x	649200
NII	0x	195600
Retail	0x	455400
Employee	0x	0
Total	0x	1369800

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

649200

195600

455400

1369800

Rappid Valves India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	9.02	6.04	0.93
EBITDA	9.80	6.55	1.23
PAT	6.04	4.13	0.46
Total Assets	50.43	22.75	11.94
Share Capital	5.19	8.50	3.50
Total Borrowings	13.94	13.77	4.25
Operating Activities (Net Cash)	6.82	4.64	0.76
Investing Activities (Net Cash)	0.57	0.53	0.16
Financing Activities (Net Cash)	13.94	13.77	4.25
Net Cashflow	9.49	1.22	0.65

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.

Peer Comparison:

Atam Valves Ltd
Chemtech Industrial Valves Ltd
Hawa Engineers Ltd

Rappid Valves India Ltd 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.

How To Apply for Rappid Valves India Ltd IPO Online?

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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.

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Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Rappid Valves India Ltd IPO?

Rappid Valves India Ltd's IPO offers shares for up to 30.41 It begins on Sep 23, 2024 and ends on Sep 25, 2024.

What is the price of the Rappid Valves India Ltd IPO?

The price of Rappid Valves India Ltd IPO ranges between ₹210 to ₹222 per share.

What are the open and close dates for the Rappid Valves India Ltd IPO?

The Rappid Valves India Ltd IPO opens on Sep 23, 2024 and closes on Sep 25, 2024.

When will the Rappid Valves India Ltd IPO be allotted?

The allotment for the Rappid Valves India Ltd IPO will be finalised on Sep 26, 2024. The shares will be listed on BSE and NSE on Sep 30, 2024.

What is the minimum lot size required for Rappid Valves India Ltd IPO?

The minimum lot size for Rappid Valves India Ltd IPO is 600 shares, priced between ₹210 to ₹222 per share.

What is the GMP of Rappid Valves India Ltd IPO?

The GMP (Grey Market Premium) of Rappid Valves India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rappid Valves India Ltd IPO?

To check the allotment status of Rappid Valves India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rappid Valves India Ltd IPO getting listed?

The Rappid Valves India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 23, 2024, and closes on Sep 25, 2024. The allotment is finalised on Sep 26, 2024.

How do you apply for the Rappid Valves India Ltd IPO?

To apply for the Rappid Valves India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.