Rappid Valves (India) Limited
Bookbuilding IPO · NSE
- Price band
- ₹210 - ₹222
- Lot size
- 600 shares
- Issue amount
- ₹30.41 cr
- Total subscription
- 176.14×
- Opens
- 23 Sept 2024
- Closes
- 25 Sept 2024
- Allotment
- 26 Sept 2024
- Listing
- 30 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 13,69,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹30.41 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,33,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 38,22,184
- Shares after issue
- 51,91,984
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,33,200 |
| HNI | 2 | 1,200 | ₹2,66,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.77 | 322.84 |
| RETAIL | 10.11 | 1,102.91 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 11.74 | 1.3 | 5.27 |
| ROE | 53.88 | 31.69 | -82.09 |
| ROCE | 0 | 0 | 0 |
| RONW | 33.82 | 14.59 | -117.61 |
| PRE IPO(PE) | 20.53 | 0 | 0 |
| POST IPO(PE) | 27.89 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2002, Rappid Valves (India) Limited manufactures a wide range of valve solutions such as ball, gate, globe, butterfly, check, double block, filter, and marine valves made from both ferrous and non-ferrous materials in sizes from 15mm to 600mm, catering to multiple industries. The company operates an advanced manufacturing unit equipped with CNC machines, VMCs, test benches, EOT cranes, and other modern machinery, and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, ensuring strong quality and safety practices. Backed by experienced leadership, continuous manufacturing upgrades, and expertise in marine sector solutions, Rappid Valves is expanding its market reach through sales offices in Dahej, Ahmedabad, Pune, and Noida, and as of June 30, 2024, employs 47 people at its manufacturing plant and registered office.
Strengths
- Wide Product Range: Offers multiple types of valves catering to varied industry requirements.
- Strong Client Base: Long-term customer relationships help maintain stable business.
- Experienced Promoter: Leadership with strong industry expertise supports growth and innovation.
Risk factors
- Negative Cash Flow: Continuous negative cash flows may restrict growth and impact operations.
- Raw Material Volatility: Delays or price swings in raw materials can affect profitability.
- Customer Concentration: Heavy dependence on a few customers increases revenue risk.
Promoters
Mr. Gaurav Vijay Dalal
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Genesis Industrial Complex, Plot No. 30, Village Kolgaon, Palghar (East), Thane–401404
+91 9321463550
[email protected]Company website ↗Understanding RAPPID IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.