Rappid Valves (India) Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹100(45.05%)
Premium (ELP)
The public market debut of Rappid Valves (India) Limited's was completed on Sep 30, 2024 with its listing on the NSE exchange. The IPO process raised 13,69,800 Shares in total capital, consisting of 13,69,800 Shares in new equity.
The offering featured a price range of ₹210 to ₹222 and minimum application size of 600 shares. Investor response during the subscription period from Sep 23, 2024 to Sep 25, 2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on Sep 26, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
- 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.
- Mr. Gaurav Vijay Dalal
Rappid Valves (India) Limited
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