September 30, 2024
admin
Rappid Valves GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years. India`s Oldest Investment & IPO website. Most Trusted by Investors across India. Table of Contents
Rappid Valves listing Review
On 30th September 2024, the scrip is listed at Rs. 312, premium of 40.54% over the issue price. The listing has been marginally below the expectations of the grey market.
Rappid Valves IPO allotment Link
Subscription status of Rappid Valves IPO
Will update soon
What is the business of Rappid Valves?
Rappid Valves (India) Limited recognized by its brand name “Rapid” also known as “Rappid Valves”, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions. Our extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, 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 requirement.
The Company at the time of commencement of business operations started its operations in Chemical & Fertilizers and Pharmaceutical industry and our company then expanded its business operations in marine industry in the year 2016. The Company had for the first time also received approval from DNV to Manufacture Fire Safe Design Ball Valves as per API 607 in the year 2008.
Further, the company had started exports of valves at Dubai to one of its developed brands in 2012, Also, the Company voluntarily or on the request of the customers, undergoes a periodic test to match to the requirement of the Customer which is certified by an independent organization which is valid for certain period to have its quality tested on a timely basis.
Rappid Valves IPO Details |
|
| IPO opens on | 23 September 2024 |
| IPO closes on | 25 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1369800 Shares / Rs 30.41 Crore |
| * Fresh Issue | 1369800 Shares / Rs 30.41 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 69600 Shares |
| Net offer to Public | 1300200 Shares/ Rs.28.86 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.210-222 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 650100 | 28.86 |
| NII (15%) | 195030 | 14.43 |
| RII (35%) | 455070 | 4.33 |
| Total Shares | 1300,200 | 10.10 |
| Retail portion will be oversubscribed by | 758 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.131000 |
| Min HNI Application | 2000 Shares | Rs.262000 |
Who are the Promoters of Rappid Valves IPO?
The promoter of the Company is Mr. Gaurav Vijay Dalal.
What are the Objects of Rappid Valves IPO?
The Offer comprises of fresh issue of shares.
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1) Funding the Capital expenditure for the purchase of new Plant and 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 and
5) General corporate purposes.
Tentative timetable |
|
| IPO opens on | 23 September 2024 |
| IPO Closes on | 25 September 2024 |
| IPO Allotment on | 26 September 2024 |
| Refund Initiation | 27 September 2024 |
| Credit of Shares | 27 September 2024 |
| Listing on | 30 September 2024 |
|
Registered Office of the Company Rappid Valves (India) Limited |
| Who is the Lead Manager of this IPO? Shreni Shares Limited |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
Rappid Valves IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Rappid Valves IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 12.15 | 0.29 | – | – |
| 2022-23 | 16.43 | 046 | = | – |
| 2023-24 | 36.60 | 4.13 | 11.74 | 33.82 |
| Book Value of the Share on 31.03.2024 | Rs | 34.72 | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 222 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 20.53 |
| Price/BV Ratio | |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Rappid Valves | 10 | 20.53 | |
| Atam Valves | 10 | 20.36 | |
| Chemtech India | 10 | 114.40 | |
Rappid Valves IPO Review
Rappid Valves (India) Limited recognized by its brand name “Rapid” also known as “Rappid Valves”, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions
Size: Net size of the IPO is Rs.28.86 crore, comprising of 1300,200 shares. The size of the IPO is not very large and so reasonable oversubscription can be achieved without any issue.
Financial Snapshot: The company has shown sharp rise in the net profits for the year 2023-24, just prior to the IPO. In the year 2021-22, it earned net profit of Rs. 29 lacs on the turnover of Rs. 12.15 crore and in the year 2023-24, the profits have shot up to Rs. 4.13 crore on turnover of Rs. 36.60 crores. Such rise raises eyebrows. If the company can maintain such high profits, then the offer price can be taken as reasonable.
Quicklinks
Rappid Valves IPO GMP today allotment, review?
Rappid Valves IPO GMP grey market premium
Rappid Valves IPO FAQs
What is Rappid Valves IPO?
This is a SME IPO of 4960000 equity shares of the face value of Rs. 10 aggregating up to Rs.64.98 Crores. The issue is priced at Rs.124-131 per share. The minimum order quantity is 1000 Shares.
When will Rappid Valves IPO subscription open?
Rappid Valves IPO opens on September 20, 2024, and closes on September 24, 2024.
What is the lot size of Rappid Valves IPO?
Rappid Valves IPO lot size is 1000 Shares, and the minimum amount required is Rs.131000
How to apply for Rappid Valves IPO?
You can apply in Rappid Valves 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.
When is Rappid Valves IPO allotment?
The finalization of Basis of Allotment for Rappid Valves IPO will be done on September 25 2024, and the allotted shares will be credited to your demat account by September 26, 2024.
When is Rappid Valves IPO listing date?
Rappid Valves IPO listing date is September 27, 2024.
Subscription status of Rappid Valves IPO
Will update soon
What is the business of Rappid Valves?
Rappid Valves (India) Limited recognized by its brand name “Rapid” also known as “Rappid Valves”, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions. Our extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, 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 requirement.
The Company at the time of commencement of business operations started its operations in Chemical & Fertilizers and Pharmaceutical industry and our company then expanded its business operations in marine industry in the year 2016. The Company had for the first time also received approval from DNV to Manufacture Fire Safe Design Ball Valves as per API 607 in the year 2008.
Further, the company had started exports of valves at Dubai to one of its developed brands in 2012, Also, the Company voluntarily or on the request of the customers, undergoes a periodic test to match to the requirement of the Customer which is certified by an independent organization which is valid for certain period to have its quality tested on a timely basis.
Rappid Valves IPO Details |
|
| IPO opens on | 23 September 2024 |
| IPO closes on | 25 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1369800 Shares / Rs 30.41 Crore |
| * Fresh Issue | 1369800 Shares / Rs 30.41 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 69600 Shares |
| Net offer to Public | 1300200 Shares/ Rs.28.86 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.210-222 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 650100 | 28.86 |
| NII (15%) | 195030 | 14.43 |
| RII (35%) | 455070 | 4.33 |
| Total Shares | 1300,200 | 10.10 |
| Retail portion will be oversubscribed by | 758 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.131000 |
| Min HNI Application | 2000 Shares | Rs.262000 |
Who are the Promoters of Rappid Valves IPO?
The promoter of the Company is Mr. Gaurav Vijay Dalal.
What are the Objects of Rappid Valves IPO?
The Offer comprises of fresh issue of shares.
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1) Funding the Capital expenditure for the purchase of new Plant and 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 and
5) General corporate purposes.
Tentative timetable |
|
| IPO opens on | 23 September 2024 |
| IPO Closes on | 25 September 2024 |
| IPO Allotment on | 26 September 2024 |
| Refund Initiation | 27 September 2024 |
| Credit of Shares | 27 September 2024 |
| Listing on | 30 September 2024 |
|
Registered Office of the Company Rappid Valves (India) Limited |
| Who is the Lead Manager of this IPO? Shreni Shares Limited |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
Rappid Valves IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Rappid Valves IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 12.15 | 0.29 | – | – |
| 2022-23 | 16.43 | 046 | = | – |
| 2023-24 | 36.60 | 4.13 | 11.74 | 33.82 |
| Book Value of the Share on 31.03.2024 | Rs | 34.72 | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 222 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 20.53 |
| Price/BV Ratio | |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Rappid Valves | 10 | 20.53 | |
| Atam Valves | 10 | 20.36 | |
| Chemtech India | 10 | 114.40 | |
Rappid Valves IPO Review
Rappid Valves (India) Limited recognized by its brand name “Rapid” also known as “Rappid Valves”, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions
Size: Net size of the IPO is Rs.28.86 crore, comprising of 1300,200 shares. The size of the IPO is not very large and so reasonable oversubscription can be achieved without any issue.
Financial Snapshot: The company has shown sharp rise in the net profits for the year 2023-24, just prior to the IPO. In the year 2021-22, it earned net profit of Rs. 29 lacs on the turnover of Rs. 12.15 crore and in the year 2023-24, the profits have shot up to Rs. 4.13 crore on turnover of Rs. 36.60 crores. Such rise raises eyebrows. If the company can maintain such high profits, then the offer price can be taken as reasonable.
Quicklinks
Rappid Valves IPO GMP today allotment, review?
Rappid Valves IPO GMP grey market premium
Rappid Valves IPO FAQs
What is Rappid Valves IPO?
This is a SME IPO of 4960000 equity shares of the face value of Rs. 10 aggregating up to Rs.64.98 Crores. The issue is priced at Rs.124-131 per share. The minimum order quantity is 1000 Shares.
When will Rappid Valves IPO subscription open?
Rappid Valves IPO opens on September 20, 2024, and closes on September 24, 2024.
What is the lot size of Rappid Valves IPO?
Rappid Valves IPO lot size is 1000 Shares, and the minimum amount required is Rs.131000
How to apply for Rappid Valves IPO?
You can apply in Rappid Valves 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.
When is Rappid Valves IPO allotment?
The finalization of Basis of Allotment for Rappid Valves IPO will be done on September 25 2024, and the allotted shares will be credited to your demat account by September 26, 2024.
When is Rappid Valves IPO listing date?
Rappid Valves IPO listing date is September 27, 2024.
Subscription status of Rappid Valves IPO
Will update soon
What is the business of Rappid Valves?
Rappid Valves (India) Limited recognized by its brand name “Rapid” also known as “Rappid Valves”, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions. Our extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, 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 requirement.
The Company at the time of commencement of business operations started its operations in Chemical & Fertilizers and Pharmaceutical industry and our company then expanded its business operations in marine industry in the year 2016. The Company had for the first time also received approval from DNV to Manufacture Fire Safe Design Ball Valves as per API 607 in the year 2008.
Further, the company had started exports of valves at Dubai to one of its developed brands in 2012, Also, the Company voluntarily or on the request of the customers, undergoes a periodic test to match to the requirement of the Customer which is certified by an independent organization which is valid for certain period to have its quality tested on a timely basis.
