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.

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50years

Rappid Valves India Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 13.7 LTBA₹ 4.55 L₹ 26.55 LNSE₹ 30.41 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
23 Sep, 2425 Sep, 24600 ₹ 1,26,000 Book Building - SME30 Sep, 24

Rappid Valves India Ltd IPO Dates

  • 23 Sep 2024

    Opening date

  • 25 Sep 2024

    Closing date

  • 26 Sep 2024

    Basis of
    Allotment

  • 27 Sep 2024

    Initiation of
    Refunds

  • 27 Sep 2024

    Credit of
    Shares

  • 30 Sep 2024

    Listing date

Details

SectorType
SectorEngineering
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB22.4x64920014542200
NII491.85x19560096205200
Retail109.09x45540049678800
Employee0x00
Total117.12x1369800160426200

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)FY23FY22FY21
Revenue from operations6.040.930.49
EBITDA6.551.230.69
PAT4.130.460.29
Total Assets23.1011.948.24
Share Capital8.503.500.55
Total Borrowings4.794.255.75
Operating Activities (Net Cash)4.640.760.49
Investing Activities (Net Cash)0.170.160.16
Financing Activities (Net Cash)4.794.255.75
Net Cashflow1.580.650.33

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.

Get your FAQs right

Rappid Valves India Ltd's IPO offers shares for up to ₹ 0 L It begins on Sep 23, 2024 and ends on Sep 25, 2024.

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

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

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.

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

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

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.'

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.

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.