The IPO for Rapid Valves (India) is scheduled to begin on September 23. An IPO of ₹30.41 crores is planned for Rappid Valves (India), a SME. The 600 shares that make up the market lot for the Rappid Valves (India) IPO are priced between ₹210 and ₹222.
With an IPO that includes a new issue of ₹30.41 crores and the offering for sale of up to [.] equity shares with a face value of ₹10 apiece, the business hopes to raise about ₹30.41 crores. The IPO price range for Rappid Valves (India) is ₹210 to ₹222 per share. HNI is 15%, QIB is 50%, and the retail quota is 35%. On September 30, 2024, Rappid Valves (India) IPO will list on the NSE. September 26, 2024 is the date of Rappid Valves (India)’s allotment.
Rappid Valves (India) IPO Details
| IPO Open Date | September 23, 2024 |
| IPO Close Date | September 25, 2024 |
| Listing Date | Monday, 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 |
Rappid Valves (India) Financials
From March 31, 2024, to March 31, 2024, Rappid Valves (India) Limited’s profit after tax (PAT) climbed by 807%, while its revenue increased by 123%.
| FY 2024 | |
| Assets | 2,994.41 |
| Revenue | 3,660.06 |
| Profit After Tax | 413.27 |
| Net Worth | 1,221.98 |
| ROE | 53.88% |
| ROCE | 29.88% |
| Debt/Equity | 0.9 |
| RoNW | 33.82% |
| P/BV | 24.89 |
| PAT Margin (%) | 11.32 |
About the Company -Rappid Valves (India)
Rappid Valves (India) Limited was founded in 2002 and is mainly involved in the production of valve solutions. A large selection of valves, such as ball, gate, globe, butterfly, check, double block, strainer, and marine valves, are available from the company. These valves are available in diameters ranging from 15mm to 600mm to accommodate a variety of needs.
They are constructed from ferrous and non-ferrous materials. The manufacturing unit of the company is furnished with an extensive array of standard machinery, which facilitates a smooth and efficient manufacturing process. This machinery includes 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.
