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
How to apply for Rappid Valves (India) Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Rappid Valves India IPO FAQs
How to invest in the Rappid Valves (India) Limited ?
Investors can apply for the Rappid Valves (India) Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Rappid Valves (India) Limited ?
The issue size of the Rappid Valves (India) Limited is 30.41 Cr.
What is 'pre-apply' for Rappid Valves (India) Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Rappid Valves (India) Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the Rappid Valves (India) Limited ?
Rappid Valves (India) Limited will be open between 2024-09-23 and 2024-09-25.
What is the allotment date for the Rappid Valves (India) Limited ?
Rappid Valves (India) Limited allotment date is 2024-09-26. For Rappid Valves (India) Limited allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Rappid Valves (India) Limited ?
For Rappid Valves (India) Limited, the IPO registrar is Link Intime India Private Ltd. You can check Rappid Valves (India) Limited allotment status on the website of the registrar.
Where is the Rappid Valves (India) Limited getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Rappid Valves (India) Limited shares be credited to your demat account?
The Rappid Valves (India) Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Rappid Valves (India) Limited ?
The Rappid Valves (India) Limited lot size is 600 and minimum order quantity is 600.
What is the price band for the Rappid Valves (India) Limited ?
Rappid Valves (India) Limited has set the price band for its IPO at 222 per equity share with a face value of 10.