Schedule of Rappid Valves
| Issue open date | 23 Sep 2024 |
| Issue close date | 25 Sep 2024 |
| UPI mandate deadline | 25 Sep 2024 (5 PM) |
| Allotment finalization | 26 Sep 2024 |
| Refund initiation | 26 Sep 2024 |
| Share credit | 27 Sep 2024 |
| Listing date | 30 Sep 2024 |
| Mandate end date | 10 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 26 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 25 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Rappid Valves
Rappid Valves (India) Limited is a manufacturing company specializing in valve solutions. Established in 2002, they offer a wide range of valves including ball valves, gate valves, globe valves, butterfly valves, check valves, double block valves, strainer valves, and marine valves. Their products are made from ferrous and non-ferrous materials and range in sizes from 15mm to 600mm. They also operate in the chemical, fertilizer, pharmaceutical, and marine industries. They have received approval for fire safe design ball valves and have exported their products to Dubai.
The company’s manufacturing facility is located in Thane, Maharashtra, India, and is equipped with modern machinery to support efficient production. They adhere to international standards and prioritize safety in their operations.
Financials of Rappid Valves
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹30.41 crores |
| Fresh Issue | ₹30.41 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for new plant & machinery | 6.73 (22.13%) |
| Renovation of registered office & manufacturing unit | 0.39 (1.28%) |
| Repayment/prepayment of borrowings | 10.50 (34.53%) |
| Inorganic growth initiatives (acquisitions) | 4.00 (13.15%) |
| General corporate purposes | 8.79 (28.91%) |
Strengths
- Specializes in marine valves, meeting high industry standards.
- Maintains strong customer and supplier relationships.
- Prioritizes innovation and product development.
- Led by experienced management with a focus on quality and reliability.
Risks
- Reliance on a limited number of customers for revenue
- Dependence on specific product lines for sales.
- Exposure to industry-specific demand fluctuations.
- Potential financial stability risks due to debt or loans.
- Exposure to legal or regulatory issues that could impact operations.