Rappid Valves (India) was incorporated on May 24, 2002. The company is primarily engaged in the manufacturing of valve solutions, utilizing both ferrous and non-ferrous materials in production
| Bidding Dates |
|---|
| 23 Sep 2024 - 25 Sep 2024 |
| Subscription |
|---|
| 163.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 600 | 1.4 M | ₹210 - ₹222 | 51.13 % | ₹287.7 M - ₹304.1 M | RHP DOC |
Rappid Valves (India) Ltd. IPO SUBSCRIPTION STATUS
25 Sep '24Rappid Valves (India) Ltd. IPO overall subscription rate was 163.64 times the total available shares
Rappid Valves (India) Ltd. IPO retail subscription rate was 144.78 times in the retail segment
Rappid Valves (India) Ltd. IPO non-institutional investor subscription rate was 654.19 times in the non-institutional investor category
Rappid Valves (India) Ltd. IPO Qualified Institutional Bidder subscription rate was 29.67 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Sep 2024 (Day 3) | 144.78x | 654.19x | 29.67x |
24 Sep 2024 (Day 2) | 20.76x | 16.31x | 0.55x |
23 Sep 2024 (Day 1) | 5.76x | 2.78x | 0x |
Rappid Valves (India) Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 41.3 | 365.1 | -10.7 | -37.9 | 20.2% |
| FY23 | 4.6 | 164.0 | -4.3 | -14.4 | 14.24% |
| FY22 | 2.9 | 121.4 | 11.4 | 10.9 | 16.0% |
Rappid Valves (India) Ltd. IPO SUBSCRIPTION STATUS DETAILS
Rappid Valves (India) Ltd. had 1.4 M shares on offer
Rappid Valves (India) Ltd. IPO offer price was in the range ₹210 - ₹222
Rappid Valves (India) Ltd. IPO minimum Investment was ₹126000
Rappid Valves (India) Ltd. IPO issue size was ₹ 287.7 M - ₹ 304.1 M
Rappid Valves (India) Ltd. had a minimum lot size of 600 Shares per application
Rappid Valves (India) Ltd. NUMBER OF SHARES ON OFFER
Rappid Valves (India) Ltd. IPO IMPORTANT DATES
| Issue Open Date | 23 Sep 2024 |
| Issue close Date | 25 Sep 2024 |
| Allotment Date | 26 Sep 2024 |
| Refund Date | 27 Sep 2024 |
| Demat Account Credit Date | 27 Sep 2024 |
| Listing Date | 30 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Rappid Valves (India) Ltd. Allotment Status | Exchange |
Rappid Valves (India) Ltd. IPO subscription opened on 23 Sep 2024, and closed on 25 Sep 2024
IPO allotment for Rappid Valves (India) Ltd. was finalized on Thursday, 26 Sep 2024
IPO listing for Rappid Valves (India) Ltd. was on NSE on Monday, 30 Sep 2024
Rappid Valves (India) Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 222.0 |
| Listing Open Price | 312.0 |
| Listing Close Price | 309.4 |
| Listing Gain% | 40.5% |
| Current Gain% | 46.0% |
Rappid Valves (India) Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rappid Valves (India) Ltd. | 324.2 | 168.3 | 26 | 3.6 | 3.1 | 12.5 | 8.6 | 53.6 | 2.3 | 6.5 | 7.3 | 12.5 | 7.3 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Rappid Valves (India) Ltd. INFORMATION ON IPO ISSUE
About Rappid Valves (India) Ltd.
Rappid Valves (India) was incorporated on May 24, 2002. The company is primarily engaged in the manufacturing of valve solutions, utilizing both ferrous and non-ferrous materials in production
Object of the Issue
- Funding the capital expenditure for purchase of new plant and machineries and software by the company.
- Expenditure for renovation of manufacturing unit.
- Re/prepayment of all or certain of our borrowings availed of by the company.
- Pursuing inorganic growth initiatives through acquisitions.
- General corporate purposes.
Rappid Valves (India) Ltd. - PROMOTERS
| Name |
|---|
| Gaurav Vijay Dalal |
Rappid Valves (India) Ltd. Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Rappid Valves (India) Ltd. Registrar to the issue
Link Intime India Private Limited
rappidvalves.smeipo@Linkintime.co.in
Rappid Valves (India) Ltd. Strengths
Expertise in marine industry
The company understands the unique requirements of the marine sector and offers a wide range of valves designed for demanding marine conditions. Its expertise in the marine industry makes it a reliable partner for marine projects
Focus on developing innovative products
The company encourages its employees to innovate and develop new products to meet customer demands. It maintains regular contact with clients to assess their needs and enhance process efficiency. This approach has helped the company evolve into a solution provider, rather than just a manufacturing entity
Rappid Valves (India) Ltd. Risks
Raw materials' source
The company sources 100% of its raw materials from the domestic markets of Gujarat and Maharashtra. Any adverse developments affecting procurement in these regions could negatively impact company's revenue and operational results
Few customers
The company derives a significant portion of its revenue from a limited number of customers. In FY24, 71.9% of the revenue came from the top five customers. The loss or reduction of revenue from any of these customers could negatively impact the business
IPO FAQs
The promoter of the company is Gaurav Vijay Dalal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 210.0 - 222.0.
The IPO application opens on Sep 23, 2024 and closes on Sep 25, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 133,200.0.
This IPO will be allotted on Sep 26, 2024.
The refund will be credited to your account on Sep 27, 2024.
The allotted shares will be credited to your demat on Sep 27, 2024.
Rappid Valves (India) Ltd.’s shares listed on the stock exchanges on Sep 30, 2024.