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Rappid Valves (India) IPO is a book built issue of Rs 30.41 crores. The issue is entirely a fresh issue of 13.7 lakh shares.
Rappid Valves (India) IPO bidding started from September 23, 2024 and ended on September 25, 2024. The allotment for Rappid Valves (India) IPO was finalized on Thursday, September 26, 2024. The shares got listed on NSE SME on September 30, 2024.
Rappid Valves (India) IPO price band is set at ₹210 to ₹222 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹133,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹266,400.
Shreni Shares Limited is the book running lead manager of the Rappid Valves (India) IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rappid Valves (India) IPO is Rikhav Securities.
Refer to Rappid Valves (India) IPO RHP for detailed information.
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | September 30, 2024 |
| 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 |
Rappid Valves (India) IPO offers 13,69,800 shares. 2,59,800 (18.97%) to QIB, 1,95,600 (14.28%) to NII, 4,55,400 (33.25%) to RII and 3,89,400 (28.43%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 3,89,400 (28.43%) |
| Market Maker Shares Offered | 69,600 (5.08%) |
| QIB Shares Offered | 2,59,800 (18.97%) |
| NII (HNI) Shares Offered | 1,95,600 (14.28%) |
| Retail Shares Offered | 4,55,400 (33.25%) |
| Total Shares Offered | 13,69,800 (100%) |
Rappid Valves (India) IPO raises Rs 8.64 crore from anchor investors. Rappid Valves (India) IPO Anchor bid date is September 20, 2024. Rappid Valves (India) IPO Anchor Investors list
| Bid Date | September 20, 2024 |
| Shares Offered | 389,400 |
| Anchor Portion Size (In Cr.) | 8.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2024 |
Rappid Valves (India) 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 |
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 |
| Lot Size Calculator | |||
The promoter of the Company is Mr. Gaurav Vijay Dalal.
| Share Holding Pre Issue | 69.46% |
| Share Holding Post Issue | 51.13% |
Incorporated in 2002, Rappid Valves (India) Limited primarily engages 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 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.
The Company has also obtained various quality certifications, such as ISO 9001:2015, 14001:2015, and ISO 45001:2018.
Competitive Strengths
As of, June 30, 2024, the company had employed 47 personnel at its Manufacturing Plant and Registered Office.
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 | ||||||||||||||||||||||||||||||
The market capitalization of Rappid Valves (India) IPO is Rs 115.26 Cr.
KPI as of March 31, 2024.
| 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 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing valve solutions. It posted bumper profits for FY24 i.e. pre-IPO year, that raise 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 longer gestation period for migration. Well-informed investors may park moderate funds for long term. Read detail review...
The Rappid Valves (India) IPO is subscribed 176.06 times on September 25, 2024 6:19:58 PM. The public issue subscribed 109.09 times in the retail category, 55.97 times in the QIB category, and 491.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 55.97 |
| NII | 491.49 |
| Retail | 109.09 |
| Total | 176.06 |
Total Application : 82,798 (109.09 times)
| Listing Date | September 30, 2024 |
| BSE Script Code | |
| NSE Symbol | RAPPID |
| ISIN | INE0MVO01012 |
| Final Issue Price | ₹222 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹222.00 |
| ₹312.00 |
| ₹302.00 |
| ₹327.60 |
| ₹309.35 |
Rappid Valves (India) Limited
Genesis Industrial Complex
Plot No. 30, Village Kolgaon
Palghar (East), Thane–401404
Phone: +91 9321463550
Email: investors@rapidvalves.net
Website: https://www.rappidvalves.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rappidvalves.smeipo@Linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Rappid Valves (India) IPO is a SME IPO of 1,369,800 equity shares of the face value of ₹10 aggregating up to ₹30.41 Crores. The issue is priced at ₹210 to ₹222 per share. The minimum order quantity is 600 Shares.
The IPO opens on September 23, 2024, and closes on September 25, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rappid Valves (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Rappid Valves (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rappid Valves (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rappid Valves (India) IPO opens on September 23, 2024 and closes on September 25, 2024.
Rappid Valves (India) IPO lot size is 600 Shares, and the minimum amount required is ₹133,200.
You can apply in Rappid Valves (India) IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rappid Valves (India) IPO will be done on Thursday, September 26, 2024, and the allotted shares will be credited to your demat account by Friday, September 27, 2024. Check the Rappid Valves (India) IPO allotment status.
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Beware guys, looks like there is limited upside in this stock and more down side atleast in the near term.