IPO Details

Bidding Dates

23 Sep '24 - 25 Sep '24

Minimum Investment

₹1,33,200/ 1 Lot (600 Shares)

Price Range

₹210 - ₹222

Maximum Investment

₹1,33,200/ 1 Lot (600 Shares)

Retail Discount

To be announced

Issue Size

₹30.41 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Sep 23, 2024

Closing Date

Sep 25, 2024

Basis of Allotment

Sep 26, 2024

Initiation of Refunds

Sep 27, 2024

Listing Date

Sep 30, 2024

About Rappid Valves (India) IPO

Rappid Valves (India) IPO is set to raise ₹30.41 crores through a book-built issue. This IPO consists of a fresh issue of 13.7 lakh shares, with the subscription period running from September 23 to September 25, 2024. The allotment is expected to be finalised on September 26, 2024, and the shares will be listed on the NSE SME on September 30, 2024.

The IPO price band is fixed between ₹210 and ₹222 per share, with a minimum application size of 600 shares. Retail investors need a minimum investment of ₹1,33,200, while High Net Worth Investors (HNIs) need to invest in at least 2 lots (1,200 shares), amounting to ₹2,66,400.

Shreni Shares Limited is the lead manager for the IPO, with Link Intime India Private Ltd handling the registrar duties. The market maker for this issue is Rikhav Securities. Rappid Valves (India) is entering the market to fuel its growth plans, offering investors an opportunity to participate in its business expansion through this fresh issue.

Industry Outlook:

  1. India's manufacturing sector, contributing 17% of the nation's GDP and employing over 27.3 million workers, is set to grow significantly. The government's target to raise the sector's GDP share to 25% by 2025, along with export potential worth $1 trillion by 2030, highlights substantial growth opportunities.
  2. The India Industrial Valves Market is poised for substantial growth, with an expected increase from USD 2.41 billion in 2024 to USD 3.38 billion by 2029, growing at a CAGR of over 7%.

Rappid Valves (India) IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be used to invest in new plant, machinery, and software.
  2. Allocating funds for upgrading the existing office and manufacturing unit to improve infrastructure and working conditions.
  3. A portion of the proceeds will be used to repay or prepay existing loans, reducing the company’s debt burden.
  4. The company aims to explore growth opportunities by acquiring other businesses and expanding its market reach and capabilities.
  5. The remaining portion of the proceeds will be allocated towards general corporate purposes.

About Rappid Valves (India) Limited

Rappid Valves (India) Limited, recognised by its brand name “Rapid,” is an engineering company engaged in manufacturing a wide range of valve solutions. Established in 2002, the company offers an extensive product portfolio that includes ball valves, gate valves, globe valves, butterfly valves, check valves, double block valves, strainer valves, and marine valves, manufactured using ferrous and non-ferrous materials with sizes ranging from 15mm to 600mm.

The company operates its manufacturing unit at Genesis Industrial Complex in Palghar, Maharashtra, equipped with advanced machinery like CNC machines, automated VMC, and EOT cranes, ensuring smooth and efficient production processes. Rappid Valves adheres to international standards, offering high-quality valve solutions for industries such as marine, ethanol, shipbuilding, and breweries.

The company has achieved various certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, emphasising its commitment to quality and reliability. Rappid Valves also engages in custom valve manufacturing and exports products to international markets, including Dubai. The company continues to expand its operations through innovation and strategic market positioning, benefiting from its participation in government initiatives like “Make in India.”

Peer Details

The companies considered by Rappid Valves (India) as its peers include:

  1. Atam Valves Limited
  2. Chemtech Industrial Valves Limited
  3. Hawa Engineers Limited

How to Check the Allotment Status of the Rappid Valves (India) Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Rappid Valves (India) IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Rappid Valves (India) IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Rappid Valves (India) IPO

  • Registered office: Genesis Industrial Complex, Plot No.30, Village Kolgaon, Palghar (East), Thane–401404, Maharashtra, India
  • Phone: +91 9321463550
  • E-mail: investors@rapidvalves.net

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 3,651.25 1,639.91 1,214.11
Profit After Tax (PAT) (in ₹ lakh) 413.27 45.56 28.98
Current Ratio (x) 1.48 1.04 0.80
Net Worth (in ₹ lakh) 1,221.98 312.21 (24.64)
Total Borrowings (in ₹ lakh) 1098.30 992.65 977.57
Return on Equity (%) 53.88 31.69 (82.09)
Return on Capital Employed (RoCE) (%) 29.88 15.85 18.38
Earnings Per Share (in ₹) 11.74 1.30 5.27

Know before investing

Strengths

6

  1. Led by industry experts, ensuring growth, quality, and reliable operations.

  2. Developing new products, catering to customer-specific needs effectively.

  3. Long-standing ties strengthen reputation and business growth.

  4. Specialised valves designed for demanding marine conditions, ensuring reliability.

  5. Upgrading facilities and machinery for improved efficiency and capacity.

  6. Emphasising R&D and advanced testing for superior product quality.

Risks

6

  1. Sustained negative cash flows could impact business growth.

  2. Price fluctuations and supply delays could affect product pricing.

  3. Reliance on a few customers may impact revenue if lost.

  4. Ongoing legal issues could negatively impact operations and financials.

  5. Heavy reliance on specific regions increases vulnerability to regional disruptions.

  6. Operational shutdowns at the facility could affect financial performance.

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Rappid Valves India IPO FAQs

What is the Rappid Valves (India) IPO?

Rappid Valves (India) IPO is a book built IPO. The IPO will be open from September 23, 2024, to September 25, 2024.

When will Rappid Valves (India) IPO be allotted?

The Basis of Allotment will happen on Thursday, September 26, 2024.

When will Rappid Valves (India) IPO open for subscription?

The IPO subscription window will open on September 23, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 600 shares.

When will Rappid Valves (India) Limited list on exchanges?

The listing date for Rappid Valves (India) is Monday, September 30, 2024.

What would be the listing gains on the Rappid Valves (India) IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Rappid Valves (India) IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Rappid Valves (India) IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Rappid Valves (India) Limited using one PAN?

You can submit only one application using your PAN card.

How to read Rappid Valves (India) Limited's financial statements?

To read Rappid Valves (India)’s financial statements, download the IPO’s  RHP document.