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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹30.41 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹30.41 Cr |
| Fresh Issue | ₹28.86 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹210.00-222.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | RAPPID |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital expenditure for purchase of new Plant and Machineries and Software by the Company; | 6.73 |
| 2 | Expenditure for renovation of registered office and existing manufacturing unit; | 0.39 |
| 3 | Repayment/prepayment of all or certain of our borrowings availed of by the Company; | 10.50 |
| 4 | Pursuing inorganic growth initiatives through acquisitions; and | 4.00 |
| 5 | General corporate purposes. | 5.43 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 29.94 | 16.57 | 12.18 |
| Total Income | 36.60 | 16.43 | 12.15 |
| Profit After Tax | 4.13 | 0.46 | 0.29 |
| NET Worth | 12.22 | 3.12 | -0.25 |
| Reserves and Surplus | 3.72 | -0.38 | -0.80 |
| Total Borrowing | 10.98 | 9.93 | 9.78 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 53.88% |
| ROCE | 29.88% |
| Debt / Equity | 0.90% |
| RoNW | 33.82% |
| PAT Margin | 11.32% |
| Price to Book Value | 24.89 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.81 | 7.96 |
| P/E (x) | 20.53 | 27.89 |
| Promoter Holding | 69.46% | 51.13% |
| Market Cap | ₹115.26 Cr. | |
