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TCS, HDFCBANK, SBI Liquid Fund (G)
Rappid Valves (India) Ltd.

RAPPID

Equity

NSE

Min. Investment

2,10,000.00

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IPO Details

Bidding Dates

23 Sept 24 - 25 Sept 24

Price Range ₹

210 - 222

Total Equity

30.41Cr

Lot Size

600

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

23 Sept 2024

Offer end

25 Sept 2024

Allotment

26 Sept 2024

Refund initiation

27 Sept 2024

Demat transfer

27 Sept 2024

Listing

30 Sept 2024

About Company

Incorporated in 2002, Rappid Valves (India) Limited specializes in manufacturing a wide range of valve solutions. The company produces various types of valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are made from ferrous and non-ferrous materials and are available in sizes ranging from 15mm to 600mm to meet diverse industry needs. Rappid Valves operates a well-equipped manufacturing facility, featuring a comprehensive array of standard machinery. This includes both 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, ensuring a smooth and efficient production process. The company holds multiple quality certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, which reflect its commitment to maintaining high standards in its operations. Competitive Strengths: - Experienced and dedicated management team. - Strong focus on innovation and developing new products. - Deep industry knowledge, particularly in the marine sector. - Continuous upgrades and expansions in manufacturing capabilities. - Expanding geographical presence with sales offices in Dahej, Ahmedabad, Pune, and Noida. - A technologically advanced manufacturing facility tailored for valve production. - Highly skilled personnel with extensive engineering expertise. As of June 30, 2024, the company employed 47 personnel at its manufacturing plant and registered office.

Year Founded

24-05-2002

Promotor Details

Gaurav Vijay Dalal

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage69.4651.13
Share Capital26545362654536

Offer to Public

13,69,800.00 Cr

Project Details

  • Pursuing inorganic growth initiatives through acquisitions - 40cr
  • Expenditure for renovation of registered office and existing manufacturing unit - 3.888cr
  • Funding the Capital expenditure for purchase of new Plant and Machineries and Software by ourCompany - 67.311cr
  • Repayment/prepayment of all or certain of our borrowings availed of by our Company - 105cr

Objectives

  • Funding the Capital expenditure for purchase of new Plant and Machineries and Software by our Company
  • Expenditure for renovation of registered office and existing manufacturing unit
  • Repayment/prepayment of all or certain of our borrowings availed of by our Company
  • Pursuing inorganic growth initiatives through acquisitions
  • andGeneral corporate purposes.

Highlights

  • The company's products are designed to withstand challenging marine conditions, such as corrosion and high pressure, catering to a niche market.
  • Regular testing of products, certified by independent organizations, ensures high standards and compliance with specific customer requirements.
  • The company’s state-of-the-art CNC and VMC machinery enables precise manufacturing and consistent quality control.
  • The company has demonstrated consistent growth in both revenue and profitability over recent years.
  • With a deep understanding of marine industries, the company offers specialized products that meet the stringent demands of this sector.

Challenges

  • Delays, shortages, or price fluctuations in raw material supplies can disrupt production and hurt operations.
  • Heavy reliance on a small group of top customers increases vulnerability to revenue loss if any key clients are lost.
  • Ongoing legal proceedings involving the company and its promoters pose potential risks to its business.
  • Heavy reliance on a few valve types makes the company susceptible to market demand fluctuations for these products.
  • Dependence on one manufacturing location makes the company vulnerable to operational disruptions at that site.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20242,994.41850.00413.27413.2711.7406
20231,656.75350.00413.27413.2711.7406
20221,217.6055.0045.5645.561.3017
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