Rappid Valves (India) IPO is a book-built issue aiming to raise ₹30.41 crores through a fresh issue of 13.7 lakh shares. This is an SME IPO which has opened for subscription on September 23, 2024.
Rappid Valves (India) IPO Timeline (Tentative Schedule)
| Detail | Information |
| IPO Opening Date | September 23, 2024 |
| IPO Closing Date | September 25, 2024 |
| Listing Date | September 30, 2024 |
| IPO 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 |
| Shareholding Pre-Issue | 3,822,184 shares |
| Shareholding Post-Issue | 5,191,984 shares |
| Market Maker Portion | 69,600 shares (Rikhav Securities) |
The Rappid Valves India Ltd IPO GMP is ₹52, last updated Sep 23rd 2024 02:57 PM.
Rappid Valves (India) Limited| Company Overview
Rappid Valves (India) Limited was founded in 2002. It is one of the top manufacturers of industrial and marine valves. They offer a variety of products, like ball valves, gate valves, globe valves, butterfly valves, and check valves, using both ferrous and non-ferrous materials. Rappid Valves is known for its innovative and high-quality solutions, providing precision control systems that are built to last in different environments. The company is based in Thane, Maharashtra.
The upcoming Rappid Valves SME IPO aims to raise funds for buying new equipment, renovating facilities, and growth opportunities.
Rappid Valves (India) IPO- Key Details
- IPO Open Date: September 23, 2024
- IPO Close Date: September 25, 2024
- Basis of Allotment: September 26, 2024
- Initiation of Refunds: September 27, 2024
- IPO Listing Date: September 30, 2024
- IPO Subscription Status: As of September 23, 2024, the Rappid Valves (India) IPO has been subscribed 1.39 times.
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Financial Highlights of Rappid Valves (India) Limited IPO
Rappid Valves (India) Limited has shown significant growth in the recent years:
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
| 31 Mar 2024 | 2994.41 | 3660.06 | 413.27 | 1221.98 |
| 31 Mar 2023 | 1656.75 | 1643.42 | 45.56 | 312.21 |
| 31 Mar 2022 | 1217.6 | 1215.24 | 28.98 | -24.64 |
FAQs| Rappid Valves (India) Limited IPO
The Rappid Valves IPO opens for subscription on September 23, 2024, and closes on September 25, 2024.
The minimum lot size for an application in the Rappid Valves IPO is 600 shares.
The IPO launch date for Rappid Valves is September 23, 2024, when the subscription will begin.
You can check the IPO allotment status for Rappid Valves by visiting the registrar’s website and entering your application details.
The IPO bidding time is from September 23, 2024, to September 25, 2024.
The IPO face value for Rappid Valves is set at ₹10 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.