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Objective of the Issue
- Funding the Capital expenditure for the purchase of new Plant and machinery and Software by the Company.
- Expenditure for the renovation of the 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.
- General corporate purposes.
IPO Details, Price, Market Lot
| Rappid Valves (India) IPO Details |
| IPO Open Date |
23 September 2024 |
| IPO Close Date |
25 September 2024 |
| IPO Issue Size |
13,69,800 Shares (Aggregating up to ₹30.41 Cr) |
| Fresh Issue |
13,69,800 Shares (Aggregating up to ₹30.41 Cr) |
| Offer for Sale |
NIL |
| Retail Portion |
Not less than 35% of the offer |
| NII Portion |
Not less than 15% of the offer |
| QIB Portion |
Not more than 50% of the offer |
| Listing At |
NSE SME |
| Rappid Valves (India) IPO Price |
| Face Value |
₹10 Per Share |
| IPO Price Band |
₹210 to ₹222 Per Share |
| Employee Discount |
— |
| IPO Issue Type |
Book Built Issue |
|
| Rappid Valves (India) IPO Market Lot For Retail Investor |
| No. of Shares Per Lot |
600 Shares |
| Minimum Lot Size |
1 Lot (600 Shares) |
| Minimum Amount (Cut-off price) |
₹1,33,200 |
| Maximum Lot Size |
1 Lot (600 Shares) |
| Maximum Amount (Cut-off price) |
₹1,33,200 |
| Rappid Valves (India) IPO Market Lot For HNI |
| No. of Shares Per Lot |
600 Shares |
| Minimum Lot Size |
2 Lots (1200 Shares) |
| Minimum Amount (Cut-off price) |
2,66,400 |
IPO Date, Listing Date, Allotment Date
| Rappid Valves (India) Time Table (Tentative) |
| IPO Open Date |
23 September 2024 |
| IPO Close Date |
25 September 2024 |
| Basis of Allotment Date |
26 September 2024 |
| Initiation of Refunds |
27 September 2024 |
| Credit of Share to Demat Account |
27 September 2024 |
| IPO Listing Date |
30 September 2024 |
|
Financial Report
| Period Ended |
Assets
(₹ in Lakh) |
Revenue
(₹ in Lakh) |
P A T
(₹ in Lakh) |
Net Worth
(₹ in Lakh) |
Borrowings
(₹ in Lakh) |
| 31 March 2024 |
2,994.41 |
3,660.06 |
413.27 |
1,221.98 |
1,098.30 |
| 31 March 2023 |
1,656.75 |
1,643.42 |
45.56 |
312.21 |
992.65 |
| 31 March 2022 |
1,217.60 |
1,215.24 |
28.98 |
-24.64 |
977.57 |
| Period Ended |
31 March 2024 |
31 March 2023 |
31 March 2022 |
| Assets |
2,994.41 |
1,656.75 |
1,217.60 |
| Revenue |
3,660.06 |
1,643.42 |
1,215.24 |
| P A T |
413.27 |
45.56 |
28.98 |
| Net Worth |
1,221.98 |
312.21 |
-24.64 |
| Borrowings |
1,098.30 |
992.65 |
977.57 |
| Amount in ₹ Lakh |
Company Promotor & Promotor’s Holding
| Pre Issue Promotor Holding |
69.46% |
| Post Issue Promotor Holding |
51.13% |
Company Address
IPO Registrar, Lead Manager, Prospectus
| IPO Prospectus |
|
|
| IPO Registrar |
| Link Intime India Private Ltd |
| IPO Lead Manager |
| Shreni Shares Limited |
|
