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Rappid valves india IPO
Rappid Valves India Ltd
₹1,26,000 /600 sharesMinimum Investment
Rappid valves india IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹222.00 | ₹312.00 | ₹90.00 (40.54%) |
Rappid valves india IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 23 Sep ‘24 - 25 Sep ‘24 | ₹1,26,000 | 600 | ₹210 - ₹222 |
| Issue Size | IPO Doc |
|---|---|
| 30.41Cr | RHP PDF |
Subscription rate
As of 25 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 148.44x |
About Rappid valves india
Founded in
2002
Managing director
Mr. Gaurav Vijay Dalal
Parent organisation
Rappid Valves India Ltd
Strengths & Financials of Rappid valves india
Strengths
Risks
The company offers valves designed to withstand harsh marine conditions, such as corrosion and high pressure.
The company conducts periodic tests, either voluntarily or at the request of customers, to ensure its products meet specific customer requirements. These tests are certified by an independent organisation and are valid for a fixed period.
The company claims that its manufacturing facility is equipped with advanced CNC and VMC machinery, which ensures precision in production and adherence to quality standards.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 12.14 crore in FY22 to Rs 16.40 crore in FY23 to Rs 36.51 crore in FY24, while PAT increased from Rs 0.29 crore in FY22 to Rs 0.45 crore in FY23 to Rs 4.13 crore in FY24.
The company’s operations are majorly dependent on the timely supply of raw materials. Any delays, disruptions, or shortages in the supply of the materials required for manufacturing or sudden price fluctuations can negatively impact the company’s business.
The top 10 customers of the company contributed Rs 32.04 crore (87.76%), Rs 14.90 crore (90.90%), and Rs 11.99 crore (99.80%) in FY24, FY23, and FY22, respectively, to revenue from operations. Any loss of these key customers or a decline in demand from them can hit the company’s operations and financial standing.
The company and two of its promoter group members are involved in legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business.
A significant part of Rappid Valves' revenue comes from ball valves, gate valves, globe valves, butterfly valves, and check valves. A decline in demand for or production of these values could negatively affect the company’s operations.
Rappid Valves’ products are designed for specific industries. Any decrease in demand or need for its products in these industries could result in a loss of business for the company.
The company's manufacturing operations are based at its facility in Palghar, Thane. Any disruption at this facility can adversely affect the company’s business.
As of March 31, 2024, Rappid Valves had total financial indebtedness of Rs 10.98 crore. Any inability to service or repay these loans can negatively impact the company’s finances.
Rappid valves india Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Rappid valves india IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹210 - 222 | ₹2 - 5 Lakh |
| High Networth Individual | ₹210 - 222 | ₹2 - 5 Lakh |
For Rappid valves india IPO, eligible investors can apply as Regular.