Rappid Valves (India) Limited
listed
₹1.26LMin. investment
Rappid Valves (India) Limited IPO Details
Issue size
₹30.41Cr
IPO type
SME
Price range
₹210 – ₹222
Listing date
30 Sep 2024
Lot size
600 shares
Price range₹210 – ₹222
IPO type
SME
Lot size600 shares
Issue size₹30.41Cr
Rappid Valves (India) Limited Timeline
- Bid start23 Sep 2024
- Bid end25 Sep 2024
- Allotment25 Sep 2024
- Release of funds27 Sep 2024
- Demat transfer26 Sep 2024
- Listing30 Sep 2024
About Rappid Valves (India) Limited
Rappid Valves has established itself as a prominent manufacturer of industrial valves since commencing operations at the Genesis Industrial Complex in Palghar, Maharashtra, in 2006. Covering an expansive area of 32,431.66 sq. ft., the company, led by Mr. Gaurav Vijay Dalal, specializes in a diverse range of products, including top entry ball valves, gate valves, and automated valves, among others. Their product offerings encompass various types of valves such as ball, gate, globe, butterfly, and check valves, as well as specialized marine valves, catering to numerous industries including chemicals, pharmaceuticals, and marine applications.
The manufacturing facility at Rappid Valves is equipped with advanced machinery, featuring automated CNC machines, test benches, and conventional tools, ensuring a seamless manufacturing process that adheres to international standards. This commitment to quality is evident in their rigorous assembly processes and logistical arrangements, all designed to facilitate efficient operations. The company places a strong emphasis on safety, conducting regular safety meetings and adhering to necessary safety standards, thereby fostering a secure work environment.
Since its inception, Rappid Valves has progressively expanded its operations, achieving significant milestones such as the approval from DNV to manufacture Fire Safe Design Ball Valves as per API 607 in 2008. By 2012, the company had ventured into exports, supplying valves to Dubai and establishing itself as a reliable brand in international markets. Regular testing and certification by independent organizations ensure that their products meet stringent quality requirements, reinforcing their reputation for precision control systems in critical applications.
Rappid Valves prides itself on its technological capabilities, offering customized valve solutions tailored to meet the specific needs of clients across various sectors, including ethanol and breweries, shipbuilding, and EPC. Their advanced CNC machining capabilities, powered by Computer Aided Manufacturing (CAM), allow for the processing of a wide array of materials such as carbon steel, stainless steel, and titanium. This focus on innovation and quality not only distinguishes Rappid Valves in a competitive landscape but also underlines their commitment to delivering high-performance products that meet the demands of modern industrial applications.
Rappid Valves prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- Funding the Capital expenditure for purchase of new Plant and Machineries and Software by the Company
- Expenditure for renovation of registered office and existing manufacturing unit
- Repayment/prepayment of all or certain of our borrowings availed of by the Company
- Pursuing inorganic growth initiatives through acquisitions
- General corporate purposes.
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Rappid Valves (India) Limited Contact Details
Company NameRappid Valves (India) Limited
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