Rappid Valves (India) Limited IPO, GMP, Details, Price, and Review
Rappid Valves (India) Limited recognized by its brand name “Rapid” or by “Rappid Valves also known as a “Company” is an Engineering Company primarily engaged in the manufacturing of Valve solutions. Their extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves and Butterfly Valves.
Check Valves, Double Block valves, Strainer Valves and Marine Valves which are manufactured using ferrous and non-ferrous materials, sizes ranging from 15mm to 600mm catering to diverse requirements. The Company was established in the year 2002 vide Certificate of Incorporation dated May 24, 2002, as a Private Limited Company under the name Rapid Valves (India) Private Limited with Mr Gaurav Vijay Dalal and Ms Usha Vijay Dalal as the initial subscribers of the Company. Their Company changed its name to Rapid Valves (India) Private Limited according to the issuance of a Fresh Certificate of Incorporation dated February 10, 2009.
Rappid Valves (India) IPO Overview:
IPO Size: ₹30.41 crores
Issue Type: Entirely a fresh issue of 13.7 lakh shares
Issue Dates: Opens on September 23, 2024, and closes on September 25, 2024
Price Band: ₹210 to ₹222 per share
Minimum Lot Size: 600 shares
Lead Manager: Shreni Shares Limited
Registrar: Link Intime India Private Ltd
Market Maker: Rikhav Securities
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price
and the grey market price. It is the premium amount paid for the traded
IPO shares. It plays an important role in IPOs as it reflects how the
IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being
listed officially on the stock exchange.
Rappid Valves (India) Limited IPO, GMP, Details, Price, and Review
GMP Date
IPO Price
GMP
Last Updated
2024-09-30
222
100 (45.05%)
2024-09-30
**The GMP prices displayed here are solely for informational
purposes related to the grey market news. India IPO does not engage
in or facilitate grey market trading, nor are these rates (sub2)
indicative of any trading activity. We also do not recommend or
endorse participation in the grey market.**
Anchor lock-in period end date for 50% shares (30 Days)
October 26, 2024
Anchor lock-in period end date for remaining shares (90 Days)
December 25, 2024
Company & Financials
Incorporated in 2002, Rappid Valves (India) Limited, primarily engages in the manufacturing of Valve solutions. The company offers a wide range of valves, including ball, gate, globe, butterfly, check, double block, strainer 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.
Competitive Strength:
-
Rappid Valves (India) Limited IPO, GMP, Details, Price, and Review Financial Information
Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Total Borrowing
31 Mar 2024
2,994.41
3,660.06
413.27
1,221.98
1,098.3
31 Mar 2023
1,656.75
1,643.42
45.56
312.21
992.65
31 Mar 2022
1,217.6
1,215.24
28.98
-24.64
977.57
Amount in ₹
Crore
Key Performance Indicator
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
Objectives of Rappid Valves (India) IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
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.
5. General corporate purposes.
Rappid Valves (India) IPO Review
The company is engaged in the business of manufacturing valve solutions. It posted bumper profits for FY24 i.e. pre-IPO year, that raised 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 a longer gestation period for migration. Well-informed investors may park moderate funds for the long term.
RHP:
RHP of Rappid Valves (India) Limited IPO, GMP, Details, Price, and Review
DRHP:
DRHP of Rappid Valves (India) Limited IPO, GMP, Details, Price, and Review
Rappid Valves (India) IPO is an SME IPO. The company is going to raise ₹30.41 Crores via IPO. The issue is priced at ₹210 to ₹222 per equity share. The IPO is to be listed on NSE.
When Rappid Valves (India) IPO will open for subscription?
The IPO is to open on September 23, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 25, 2024.
What is Rappid Valves (India) IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Rappid Valves (India) IPO Issue Size?
Rappid Valves (India) IPO issue size is ₹30.41 crores.
