Rappid Valves (India) Limited IPO Overview

Rappid Valves (India) Limited is issuing a ₹30.41 crore IPO with 13.7 lakh fresh shares priced at ₹210 to ₹222 each. The IPO opens on September 23, 2024, and closes on September 25, 2024, with shares expected to list on the NSE SME on September 30, 2024.

Retail investors can apply for a minimum of 600 shares at ₹133,200, while HNIs need to invest ₹266,400 for 1,200 shares. Shreni Shares Limited is the lead manager, Link Intime India is the registrar, and Rikhav Securities is the market maker.

Refer to Rappid Valves (India) IPO RHP for detailed information.

Rappid Valves (India) Limited IPO Important dates

Rappid Valves (India) IPO opens on September 23, 2024, and closes on September 25, 2024.

IPO Open Date Monday, September 23, 2024
IPO Close Date Wednesday, September 25, 2024
Basis of Allotment Thursday, September 26, 2024
Initiation of Refunds Friday, September 27, 2024
The credit of Shares to Demat Friday, September 27, 2024
Listing Date Monday, September 30, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 25, 2024

Rappid Valves (India) Limited Financial Performance

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 ₹ 29.94 crore ₹ 16.57 crore ₹ 12.18 crore
Revenue ₹ 36.60 crore ₹ 16.43 crore ₹ 12.15 crore
Profit After Tax ₹ 4.13 crore ₹ 0.46 crore ₹ 0.29 crore
Net Worth ₹ 12.22 crore ₹ 3.12 crore ₹ -0.25 crore
Reserves and Surplus ₹ 3.72 crore ₹ -0.38 crore ₹ -0.80 crore
Total Borrowing ₹ 10.98 crore ₹ 9.93 crore ₹ 9.78 crore

Rappid Valves (India) Limited IPO Key Performance Indicator

The market capitalization of Rappid Valves (India) IPO is Rs 115.26 Cr. KPI as of March 31, 2024.

KPI Values
ROE 53.88%
ROCE 29.88%
Debt/Equity 0.9
RoNW 33.82%
P/BV 24.89
PAT Margin (%) 11.32
Pre IPO Post IPO
EPS (Rs)  10.81 7.96
P/E (x)  20.53 27.89

Rappid Valves (India) Limited IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding the Capital expenditure for the purchase of new Plant machinery and Software by the Company
  2. Expenditure for the renovation of the registered office and existing manufacturing unit
  3. Repayment/prepayment of all or certain of our borrowings availed of by our Company
  4. Pursuing inorganic growth initiatives through acquisitions and
  5. General corporate purposes.

Rappid Valves (India) Limited IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹133,200
Retail (Max) 1 600 ₹133,200
HNI (Min) 2 1,200 ₹266,400

Rappid Valves (India) Limited IPO Details

IPO Date September 23, 2024 to September 25, 2024
Listing Date [September 25, 2024]
Face Value ₹10 per share
Price Band ₹210 to ₹222 per share
Lot Size 600 Shares
Total Issue Size 1,369,800 shares
(aggregating up to ₹30.41 Cr)
Fresh Issue 1,369,800 shares
(aggregating up to ₹30.41 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Shareholding pre-issue 3,822,184
Shareholding post issue 5,191,984
Market Maker portion 69,600 shares

Rappid Valves (India) Limited Company Overview and Services

Founded in 2002, Rappid Valves (India) Limited specializes in manufacturing high-quality valve solutions. The company provides a wide range of valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves, crafted from both ferrous and non-ferrous materials. These valves are available in sizes from 15mm to 600mm, catering to various industrial needs.

Rappid Valves operates a state-of-the-art manufacturing facility equipped with advanced machineries, such as CNC machines, VMCs, test benches, and a full suite of lathes, milling, drilling, grinding, and welding equipment. The company adheres to strict quality standards, holding certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

Competitive Strengths

  • Experienced Management: The company boasts a team of skilled and dedicated management professionals.
  • Innovation Focus: Rappid Valves emphasizes the development of innovative products.
  • Marine Industry Expertise: The company has substantial knowledge and experience in the marine sector.
  • Manufacturing Excellence: Continuous upgrades and expansions enhance manufacturing capabilities.
  • Geographical Expansion: The company is expanding its reach with new sales offices in Dahej, Ahmedabad, Pune, and Noida.
  • Technological Edge: A technologically advanced manufacturing setup supports efficient valve production.
  • Expert Personnel: The team includes highly skilled engineers and experts in valve technology.

As of June 30, 2024, Rappid Valves employs 47 personnel across its manufacturing plant and registered office.

Rappid Valves (India) Limited IPO SWOT Analysis

Strengths:

  1. Specialized Product Line: Rappid Valves (India) Limited specializes in manufacturing high-quality valves, which positions it well in a niche market with a specific demand.
  2. Established Manufacturing Capabilities: The company’s advanced manufacturing facilities and expertise in valve production contribute to product reliability and performance.
  3. Strong Industry Relationships: Rappid Valves has built strong relationships with key players in the industry, which can enhance business opportunities and market penetration.
  4. Experienced Management Team: The company benefits from a knowledgeable and experienced management team, which supports strategic decision-making and operational efficiency.

Weaknesses:

  1. Limited Product Diversification: The focus on valves may limit the company’s ability to withstand market fluctuations and demand shifts, potentially impacting revenue stability.
  2. High Dependence on the Industrial Sector: Rappid Valves’ performance is closely tied to the industrial sector’s health, making it vulnerable to sector-specific downturns.
  3. Operational Risks: Manufacturing and supply chain issues could affect product availability and quality, impacting customer satisfaction and sales.
  4. Scale of Operations: If the company’s operations are relatively small compared to larger competitors, it may face challenges in scaling up or achieving economies of scale.

Opportunities:

  1. Market Expansion: There are opportunities to expand into new markets and regions, diversifying the customer base and increasing revenue streams.
  2. Technological Advancements: Investing in new technologies and innovations can enhance product offerings and improve manufacturing processes.
  3. Increased Infrastructure Investment: Growth in infrastructure development and industrial activities can drive demand for high-quality valves, benefiting the company.
  4. IPO Proceeds Utilization: The funds raised from the IPO can be used for expanding production capacities, investing in R&D, or exploring new business opportunities.

Threats:

  1. Economic Downturns: Economic slowdowns or industrial recessions can negatively impact demand for industrial valves, affecting the company’s financial performance.
  2. Intense Competition: The valve manufacturing industry is competitive, and the presence of established players could pose challenges in gaining market share.
  3. Raw Material Price Fluctuations: Volatility in the prices of raw materials used in valve production can impact profit margins.
  4. Regulatory Changes: Changes in regulations or standards related to manufacturing or industrial equipment could affect operational compliance and costs.

Rappid Valves (India) Limited IPO GMP Details

Rappid Valves (India) SME IPO last GMP is ₹52, last updated Sep 25th 2024. With the price band of 222.00, Rappid Valves (India) SME IPO’s estimated listing price is ₹274 (cap price + today’s GMP).The expected percentage gain/loss per share is 23.42%.

Stay with us to know the daily price trend of Rappid Valves (India) SME IPO  GMP with an expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
25-09-2024 Close 222.00 ₹52  23700 ₹274 (23.42%) 25-Sep-2024
24-09-2024 222.00 ₹52  23700 ₹274 (23.42%) 24-Sep-2024
23-09-2024 Open 222.00 ₹52   23700 ₹274 (23.42%) 23-Sep-2024
22-09-2024 222.00 ₹0  — ₹222 (0%) 22-Sep-2024
21-09-2024 222.00 ₹0  — ₹222 (0%) 21-Sep-2024
20-09-2024 222.00 ₹0  — ₹222 (0%) 20-Sep-2024
19-09-2024 222.00 ₹0  — ₹222 (0%) 19-Sep-2024
18-09-2024 222.00 ₹0  — ₹222 (0%) 18-Sep-2024
17-09-2024 222.00 ₹0  — ₹222 (0%) 17-Sep-2024
16-09-2024 222.00 ₹0  — ₹222 (0%) 16-Sep-2024

Rappid Valves (India) Limited IPO subscription status 

Rappid Valves (India) IPO subscribed 16.95 times. The public issue subscribed 22.20 times in the retail category, 1.04 times in QIB, and 25.87 times in the NII category by September 25, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)*
Anchor Investors 1 3,89,400 3,89,400 8.64
Market Maker 1 69,600 69,600 1.55
Qualified Institutions 1.04 2,59,800 2,71,200 6.02
Non-Institutional Buyers*** 25.87 1,95,600 50,60,400 112.34
Retail Investors 22.20 4,55,400 1,01,08,800 224.42
Total ** 16.95 9,10,800 1,54,40,400 342.78

Total Application : 16,848

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.

Rappid Valves (India) IPO Subscription Details (times)

Date QIB NII* Retail Total
Day 1
Sep 23, 2024		 0.00 2.11 4.51 2.71
Day 2
Sep 24, 2024		 1.04 11.94 15.96 10.84
Day 3
Sep 25, 2024		 1.04 25.87 22.20 16.95

Rappid Valves (India) Limited IPO  Allotment status 

The allotment status of Rappid Valves (India) IPO is expected to be available on September 26, 2024.

Rappid Valves (India) IPO allotment status is not available at this time. Rappid Valves (India) IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Rappid Valves (India) Limited IPO allotment status.

To check Rappid Valves (India) IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number, or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call +91-22-4918 6270 or send an email with all relevant details to rappidvalves.smeipo@Linkintime.co.in.

Rappid Valves (India) Limited Contact Details

Rappid Valves (India) Limited
Genesis Industrial Complex
Plot No. 30, Village Kolgaon
Palghar (East), Thane�401404
Phone: +91 9321463550
Email: investors@rapidvalves.net
Website: https://www.rappidvalves.in/

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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.