Rappid Valves (India) Limited (NSE SME)
Sep 23, 2024 - Sep 25, 2024
| Price | ₹210 - ₹222 |
| Premium | ₹100 |
|---|---|
| Lot size | 600 |
| Allotment | Sep 26, 2024 |
| Listing | Sep 30, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 600 | 133200 | 759 |
| HNI | 2 | 1200 | 266400 | 326 |
Last updated on 25-Sep-2024 18:28:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 259800 | 14542200 | 55.97 |
| NIB | 195600 | 96205200 | 491.85 |
| RETAIL | 455400 | 49680600 | 109.09 |
| Total | 910800 | 160428000 | 176.14 |
| Retail Apps | 82801 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹146.58 | @8% ₹167.53 | @9% ₹188.47 | @10% ₹209.41 | @11% ₹230.35 | @12% ₹251.29 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.28% | 455400 |
| NII (HNI) | 14.29% | 195600 |
| Anchor | 28.40% | 389400 |
| QIB | 18.99% | 259800 |
| Market Maker | 5.04% | 69600 |
| Total | 100.00% | 1369800 |
Rappid Valves (India) IPO Details
| 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 |
| Share holding pre issue | 3,822,184 |
| Share holding post issue | 5,191,984 |
| Market Maker portion | 69,600 shares Rikhav Securities |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 53.88% | 31.69% | -82.09% |
| RONW | 33.82% | 14.59% | -117.61% |
| D/E | 0.9 | 3.18 | -39.67 |
| EPS (basic) | 11.74 | 1.3 | 5.27 |
| P/E Pre IPO | 20.53 | ||
| P/E Post IPO | 27.89 |
Company Financials
Rappid Valves (India) Limited Financial Information (Restated)
Rappid Valves (India) Limited's revenue increased by 123% and profit after tax (PAT) rose by 807% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 2,994.41 | 1,656.75 | 1,217.6 | |||||||||||||||||||||||||||
| Revenue | 3,660.06 | 1,643.42 | 1,215.24 | |||||||||||||||||||||||||||
| Profit | 413.27 | 45.56 | 28.98 | |||||||||||||||||||||||||||
| Net Worth | 1,221.98 | 312.21 | -24.64 | |||||||||||||||||||||||||||
| Reserves | 371.98 | -37.79 | -79.64 | |||||||||||||||||||||||||||
| Borrowing | 1,098.3 | 992.65 | 977.57 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
Incorporated in 2002, Rappid Valves (India) Limited specializes in the manufacturing of valve solutions, offering a wide range of valves including ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves, made from ferrous and non-ferrous materials, range in size from 15mm to 600mm, catering to diverse industry requirements. The company's advanced manufacturing unit is equipped with CNC machines, VMCs, test benches, EOT cranes, and a variety of other machinery, ensuring efficient production. Rappid Valves holds key quality certifications, including ISO 9001:2015, 14001:2015, and ISO 45001:2018, reflecting its commitment to quality and safety standards. The company’s competitive strengths include an experienced management team, a focus on innovation, expertise in marine industries, and continuous upgrades to its manufacturing capabilities. With sales offices in Dahej, Ahmedabad, Pune, and Noida, it is expanding its geographical presence. As of June 30, 2024, the company employed 47 personnel at its manufacturing plant and registered office.
Shreni Shares Limited
Wide Product Range: Offering a diverse selection of valves to meet various industry needs.
Strong Client Relationships: Well-established connections with customers ensure business stability and trust.
Experienced Leadership: The company's promoter brings valuable expertise, driving growth and innovation.
Negative Cash Flow: Sustained negative cash flows could hinder the company’s growth and overall business operations.
Raw Material Supply Risks: Delays or price fluctuations in raw materials may impact product pricing and adversely affect business performance.
Customer Concentration: Reliance on a limited number of customers poses a risk, as losing a major client could significantly affect revenue.
Phone: +91-22-4918 6270
Email: rappidvalves.smeipo@Linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html