Rappid Valves (India) Limited

23 Sep 2024 - 25 Sep 2024 Individual Category SME NSE

Min Investment

₹252000

Price Band

₹210-₹222

Issue Size

9.8 lakhs
Equity Shares

Lot Size

600 (per lot)

IPO Dates
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23 Sep 2024

Open Date

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25 Sep 2024

Close Date

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26 Sep 2024

Allotment Date

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30 Sep 2024

Listing Date

Rappid Valves India IPO is open for subscription starting Monday, September 23, 2024, and closing on Wednesday, September 25, 2024. This upcoming IPO price is Rs 210 to Rs 222 per share. The minimum lot size set for the retail category is 600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1200 shares. The minimum investment required for retail category investors is Rs 1,29,600 (222 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,59,200 (222 x 1200 shares). Rappid Valves India IPO is a book-built issue of Rs 30.41 crores. This upcoming IPO is an entirely fresh issue of 13.7 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, September 26, 2024. Rappid Valves India IPO will be listed on NSE SME on Monday, September 30, 2024. Shreni Shares Limited is the book-running lead manager, Link Intime India Private Limited is the registrar, and Rikhav Securities is the market maker for this IPO.

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About Rappid Valves (india) Limited

Rappid Valves India Limited was incorporated in 2002, engaged in the business of manufacturing valve solutions. The company offers various valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are made using ferrous and non-ferrous materials and come in sizes ranging from 15 mm to 600mm to meet diverse requirements. Rappid Valves manufacturing unit is equipped with a comprehensive range of standard machinery, including 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, supporting a seamless manufacturing process.

Founded

2002

Managing Director

Gaurav Vijay Dalal

Parent Organization

IPO Objectives

The net proceeds from this issue will be allocated to funding capital expenditures toward the purchase of new plant, machinery, and software by the company. The money will also be used to renovate the registered office and existing manufacturing unit. The remaining funds will be used for repaying loans, acquisitions, and fulfilling general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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