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Rappid Valves IPO is a book build issue of ₹30.41 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹30.41 crore.
Rappid Valves IPO bidding started from Sep 23, 2024 and ended on Sep 25, 2024. The allotment for Rappid Valves IPO was finalized on Sep 26, 2024. The shares got listed on NSE SME on Sep 30, 2024.
Rappid Valves IPO price band is set at ₹222.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,26,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,66,400.
Shreni Shares Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Rappid Valves IPO RHP for detailed Information.
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | September 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹210 to ₹222 per share |
| Issue Price Final | ₹222 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,69,800 shares (aggregating up to ₹30.41 Cr) |
| Reserved for Market Maker | 69,600 shares Rikhav Securities Ltd. (aggregating up to ₹1.55 Cr) |
| Net Offered to Public | 13,00,200 shares (aggregating up to ₹28.86 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 38,22,184 shares |
| Share Holding Post Issue | 51,91,984 shares |
Rappid Valves (India) IPO offers total 13,69,800 shares. Out of which 6,49,200 (47.39%) allocated to QIB, 2,59,800 (18.97%) allocated to QIB, 1,95,600 (14.28%) allocated to NII, 4,55,400 (33.25%) allocated to RII and 3,89,400 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 69,600 (5.08%) |
| QIB Shares Offered | 6,49,200 (47.39%) |
| − Anchor Investor Shares Offered | 3,89,400 (28.43%) |
| − QIB (Ex. Anchor) Shares Offered | 2,59,800 (18.97%) |
| NII (HNI) Shares Offered | 1,95,600 (14.28%) |
| Retail Shares Offered | 4,55,400 (33.25%) |
| Total Shares Offered | 13,69,800 (100.00%) |
Rappid Valves IPO raises ₹8.64 crore from anchor investors. Rappid Valves IPO Anchor bid date is September 20, 2024. Rappid Valves IPO Anchor Investors list
| Bid Date | September 20, 2024 |
| Shares Offered | 3,89,400 |
| Anchor Portion Size (In Cr.) | 8.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2024 |
Rappid Valves IPO opens on September 23, 2024, and closes on September 25, 2024.
| IPO Open Date | Mon, Sep 23, 2024 |
| IPO Close Date | Wed, Sep 25, 2024 |
| Tentative Allotment | Thu, Sep 26, 2024 |
| Initiation of Refunds | Fri, Sep 27, 2024 |
| Credit of Shares to Demat | Fri, Sep 27, 2024 |
| Tentative Listing Date | Mon, Sep 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 25, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,33,200 |
| Retail (Max) | 1 | 600 | ₹1,33,200 |
| HNI (Min) | 2 | 1,200 | ₹2,66,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
As of, June 30, 2024, the company had employed 47 personnel at its Manufacturing Plant and Registered Office.
Rappid Valves (India) Limited's revenue increased by 123% and profit after tax (PAT) rose by 807% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,994.41 | 1,656.75 | 1,217.6 |
| Total Income | 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 | |||
The market capitalization of Rappid Valves IPO is ₹115.26 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 53.88% |
| ROCE | 29.88% |
| Debt/Equity | 0.90 |
| RoNW | 33.82% |
| PAT Margin | 11.32% |
| Price to Book Value | 24.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.81 | 7.96 |
| P/E (x) | 20.53 | 27.89 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing valve solutions. It posted bumper profits for FY24 i.e. pre-IPO year, that raise eyebrows and concern over its sustainability. It is operating in a highly competitive and fragmented segment. Based on FY24 super earnings, the issue appears relatively fully priced. Small equity post IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | September 30, 2024 |
| BSE Script Code | |
| NSE Symbol | RAPPID |
| ISIN | INE0MVO01012 |
| Final Issue Price | ₹222 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹222.00 |
| Open | ₹312.00 |
| Low | ₹302.00 |
| High | ₹327.60 |
| Last Trade | ₹309.35 |
Rappid Valves (India) Ltd.
Genesis Industrial Complex
Plot No. 30, Village Kolgaon
Palghar (East), Thane
Mumbai, Maharashtra, 401404
Phone: +91 9321463550
Email: investors@rapidvalves.net
Website: https://www.rappidvalves.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rappidvalves.smeipo@Linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Rappid Valves IPO is a SME IPO of 13,69,800 equity shares of the face value of ₹10 aggregating up to ₹30.41 Crores. The issue is priced at ₹222 per share. The minimum order quantity is 600.
The IPO opens on September 23, 2024, and closes on September 25, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rappid Valves IPO using UPI as a payment gateway. Zerodha customers can apply in Rappid Valves IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rappid Valves IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rappid Valves IPO opens on September 23, 2024 and closes on September 25, 2024.
Rappid Valves IPO lot size is 600, and the minimum amount required for application is ₹1,33,200.
You can apply in Rappid Valves IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rappid Valves IPO will be done on Thursday, September 26, 2024, and the allotted shares will be credited to your demat account by Friday, September 27, 2024. Check the Rappid Valves IPO allotment status.
The Rappid Valves IPO listing date is on Monday, September 30, 2024.
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