Founded in 2002, Rappid Valves (India) Limited specializes in manufacturing a wide range of valve solutions. The company’s product portfolio includes various types of valves, such as ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are crafted using both ferrous and non-ferrous materials, and are available in sizes ranging from 15mm to 600mm, catering to diverse industrial needs.
Rappid Valves operates a state-of-the-art manufacturing facility equipped with a wide array of standard and advanced machinery. The facility boasts conventional and automated CNC machines, VMCs, test benches, EOT cranes, lathes, milling machines, drilling machines, grinders, saws, testers, lapping machines, welders, compressors, and buffing machines, ensuring an efficient production process.
The company holds multiple quality certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, demonstrating its commitment to maintaining high standards in production and safety.
Competitive Strengths
Experienced Management: A highly skilled and dedicated leadership team.
Innovative Products: Focus on developing new, cutting-edge valve solutions.
Marine Industry Expertise: Extensive knowledge and experience in marine valve manufacturing.
Manufacturing Capabilities: Ongoing upgrades and expansion to meet increasing demand.
Geographical Expansion: Growth strategy includes establishing sales offices in Dahej, Ahmedabad, Pune, and Noida.
Advanced Technology: Equipped with the latest technology for efficient and high-quality valve production.
Skilled Workforce: Highly qualified personnel with strong engineering backgrounds.
Rappid Valves (India) Limited IPO Objectives
The funds raised from the IPO will be used for the following purposes:
Capital Expenditure: To finance the purchase of new plant machinery and software.
Facility Renovation: For renovating the registered office and existing manufacturing units.
Debt Repayment: Repayment or prepayment of certain company borrowings.
Inorganic Growth: Pursuing growth through acquisitions.
General Corporate Purposes: For overall corporate use and financial flexibility.
Rappid Valves (India) Limited IPO Details
| IPO Date | September 23, 2024 to September 25, 2024 |
| Face Value | ₹10 per share |
| Price | ₹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 | NSE SME |
| Share holding pre issue | 3,822,184 |
| Share holding post issue | 5,191,984 |
| Market Maker portion | 69,600 shares |
Rappid Valves (India) Limited IPO Reservation
The IPO for Rappid Valves (India) Limited offers a structured reservation of shares across various investor categories. Qualified Institutional Buyers (QIB) will be allocated not more than 50% of the net issue, ensuring a significant portion is reserved for institutional investors. Retail Individual Investors (RII) are guaranteed not less than 35% of the net issue, providing ample opportunity for individual retail investors to participate. Additionally, Non-Institutional Investors (NII), including High Net Worth Individuals (HNI), will receive not less than 15% of the net issue. This distribution ensures a balanced allocation of shares among different investor groups, catering to both institutional and individual investors.
Rappid Valves (India) Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹133,200 |
| Retail (Max) | 1 | 600 | ₹133,200 |
| HNI (Min) | 2 | 1,200 | ₹266,400 |
Rappid Valves (India) Limited IPO Promoter Holding
Promoter: Mr. Gaurav Vijay Dalal
Pre-Issue Shareholding: 69.46%
Post-Issue Shareholding: 51.13%
Rappid Valves (India) Limited IPO Tentative Dates
| 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 |
Rappid Valves (India) Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rappidvalves.smeipo@Linkintime.co.in
FAQs
What does Rappid Valves (India) Limited do?
Rappid Valves (India) Limited, incorporated in 2002, is primarily engaged in manufacturing a wide range of valve solutions. The company offers various types of valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves, made from ferrous and non-ferrous materials in sizes ranging from 15mm to 600mm.
Where is Rappid Valves’ manufacturing facility located, and what machinery do they use?
Rappid Valves operates a technologically advanced manufacturing facility equipped with a comprehensive range of standard machinery. The facility includes CNC machines, VMCs, test benches, EOT cranes, lathes, milling machines, drilling machines, grinders, saws, lapping machines, welders, compressors, and buffing machines to support a smooth production process.
What are the certifications obtained by Rappid Valves (India) Limited?
The company has acquired the following certifications:
- ISO 9001:2015 (Quality Management)
- ISO 14001:2015 (Environmental Management)
- ISO 45001:2018 (Occupational Health and Safety)
What are Rappid Valves’ competitive strengths?
The company’s key competitive strengths include:
- An experienced and skilled management team
- Focus on innovative and new products
- Strong knowledge base in the marine industry
- Ongoing expansion of manufacturing capabilities
- Increasing geographical reach with new sales offices
- Technologically advanced manufacturing processes
- A workforce with deep engineering expertise
What are the objectives of Rappid Valves (India) Limited’s IPO?
The company plans to use the IPO proceeds for:
- Capital expenditure on new plant machinery and software
- Renovation of the registered office and existing manufacturing facilities
- Repayment or prepayment of certain borrowings
- Inorganic growth through acquisitions
- General corporate purposes
Who is the promoter of Rappid Valves (India) Limited?
The promoter of the company is Mr. Gaurav Vijay Dalal.
What is the promoter’s shareholding before and after the IPO?
- Pre-Issue Shareholding: 69.46%
- Post-Issue Shareholding: 51.13%
Who is the IPO registrar for Rappid Valves (India) Limited?
The IPO registrar is Link Intime India Private Ltd.
- Phone: +91-22-4918 6270
- Email: rappidvalves.smeipo@Linkintime.co.in
- Website: Link Intime IPO
What is the geographical presence of Rappid Valves (India) Limited?
The company is expanding its geographical reach with sales offices in Dahej, Ahmedabad, Pune, and Noida, enhancing its presence across India.
What materials are used to manufacture Rappid Valves products?
The valves are made using ferrous and non-ferrous materials, ensuring durability and adaptability across various industrial applications.