Rappid Valves India IPO (Rappid Valves IPO) timeline and other details
Rappid Valves IPO is a book-built issue of Rs 30.41 crore which will open on September 23 and close on September 25.
1. About Rappid Valves (India) Limited
Rapid Valves (India) Limited is primarily engaged 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 15 mm to 600 mm to meet various requirements. The company is equipped with a wide range of manufacturing units.
2. Rappid Valves (India) IPO Issue Size
The issue is a book-built issue of Rs 30.41 crore. It is a completely fresh issue of 13.7 lakh shares. The promoter of the company is Gaurav Vijay Dalal.
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | [.] |
| 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 |
| Share holding pre issue | 3,822,184 |
| Share holding post issue | 5,191,984 |
| Market Maker portion | 69,600 shares Rikhav Securities |
3. Rappid Valves (India) IPO Price Band
The price band for this IPO is Rs 210-222 per share. There is a minimum lot size of 600 shares with an application. The minimum investment amount for retail investors is Rs 1,33,200.
4. Rappid Valves (India) IPO Timeline
This IPO will open for subscription on September 23 and close on September 25. Share allotment for the IPO will likely be finalized on September 26. Share credit or refund in the demat account is likely on September 27. The company expects to list the shares on the NSE SME platform on September 30.
5. Rappid Valves (India) IPO Issue Structure
About 50% of the public offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and the remaining 35% for retail investors.
Rappid Valves (India) IPO Timeline (Tentative Schedule)
This 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 |
| 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) 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 |
6. Rappid Valves (India) IPO Objectives
The company will use the net proceeds from this issue for the purchase of new plant-machinery-software, for renovation of the registered office and manufacturing unit, for repayment of certain debts, for meeting general corporate purposes, etc.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
7. Rappid Valves India Limited’s Financial Performance
Rapid Valves (India) Limited’s revenue grew by 123% and profit after tax (PAT) grew by 807% between the financial years ending March 31, 2024 and March 31, 2023. The company’s revenue in FY24 was Rs 36.60 crore and profit after tax was Rs 4.13 crore.
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 | |||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||
8. Rappid Valves (India) IPO GMP
According to market analysts, Rappid Valves (India) IPO GMP in the unlisted market is Rs 0.
9. Rappid Valves (India) IPO Manager
Shreni Shares Limited is the Book Running Lead Manager for Rapid Valves (India) IPO.
10. Rappid Valves (India) IPO Registrar
Link Intime India Private Limited is the registrar for the issue.
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(Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. BseNseIPO never advises anyone to invest money here.)
