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Open
23 Sep 2024
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Close
25 Sep 2024
3
Allotment
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Listing
Mon, Sep 30, 2024
Price Band
₹210 to ₹222
Issue Size
13,69,800 shares (agg. up to ₹30 Cr)
Lot Size
600 Shares
Listing Date
Mon, Sep 30, 2024
Latest GMP
₹100
Est. Gain
45.05%
✦ AI Insight
GMP Trend
30-09-2024₹100Est. ₹322+45.05%
29-09-2024₹100Est. ₹322+45.05%
28-09-2024₹90Est. ₹312+40.54%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 123.52x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 29.94 | 16.57 | 12.18 |
| Total Income | 36.60 | 16.43 | 12.15 |
| Profit After Tax | 4.13 | 0.46 | 0.29 |
| NET Worth | 12.22 | 3.12 | -0.25 |
| Reserves and Surplus | 3.72 | -0.38 | -0.80 |
| Total Borrowing | 10.98 | 9.93 | 9.78 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| WOL 3D India Ltd. | SME | ₹25.56 Cr | ₹150 | 14.9 | ₹189.05 | +26.03% | ₹129.50 (+4.99%) |
| Paramount Speciality Forgings Ltd. | SME | ₹32.34 Cr | ₹59 | 12.1 | ₹87.15 | +47.71% | ₹31.85 (-1.24%) |
| Envirotech Systems Ltd. | SME | ₹30.24 Cr | ₹56 | 6.56 | ₹111.70 | +99.46% | ₹80.50 (-1.77%) |
| Shubhshree Biofuels Energy Ltd. | SME | ₹16.56 Cr | ₹119 | 13.89 | ₹198.45 | +66.76% | ₹341.00 (+0.00%) |
| Aeron Composite Ltd. | SME | ₹56.10 Cr | ₹125 | 23.69 | ₹157.50 | +26.00% | ₹81.70 (-1.27%) |
| Associated Coaters Ltd. | SME | ₹5.11 Cr | ₹121 | 20.72 | ₹134.90 | +11.49% | ₹92.00 (+0.00%) |
| Aimtron Electronics Ltd. | SME | ₹87.02 Cr | ₹161 | 27.13 | ₹253.05 | +57.17% | ₹1,383.75 (-0.41%) |
| Vilas Transcore Ltd. | SME | ₹95.26 Cr | ₹147 | 13.12 | ₹225.75 | +53.57% | ₹383.60 (+3.10%) |
| Storage Technologies & Automation Ltd. | SME | ₹29.95 Cr | ₹78 | 48.45 | ₹153.05 | +96.22% | ₹39.70 (+3.93%) |
| Creative Graphics Solutions India Ltd. | SME | ₹54.40 Cr | ₹85 | 17.59 | ₹176.25 | +107.35% | ₹133.05 (-2.42%) |
| Gabriel Pet Straps Ltd. | SME | ₹8.06 Cr | ₹101 | 35.94 | ₹120.75 | +19.55% | ₹108.30 (-5.00%) |
| Megatherm Induction Ltd. | SME | ₹53.91 Cr | ₹108 | 10.68 | ₹207.90 | +92.50% | ₹227.00 (+2.18%) |
| Siyaram Recycling Industries Ltd. | SME | ₹22.96 Cr | ₹46 | 8.3 | ₹57.75 | +25.54% | ₹41.32 (-0.41%) |
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,994.40 (+1.76%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital expenditure for purchase of new Plant and Machineries and Software by the Company; | 6.73 |
| 2 | Expenditure for renovation of registered office and existing manufacturing unit; | 0.39 |
| 3 | Repayment/prepayment of all or certain of our borrowings availed of by the Company; | 10.50 |
| 4 | Pursuing inorganic growth initiatives through acquisitions; and | 4.00 |
| 5 | General corporate purposes. | 5.43 |
About Rappid Valves IPO
Incorporated in 2002, Rappid Valves (India) Limited primarily engages in the manufacturing of 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 15mm to 600mm to meet diverse requirements. The company's 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. The Company has also obtained various quality certifications, such as ISO 9001:2015, 14001:2015, and ISO 45001:2018. Competitive Strengths Experienced and dedicated key management personnel Focus on Innovative and new products Solid knowledge base of Marine Industries Upgradation and expansion of manufacturing capabilities Expanding geographical reach by establishing sales offices in Dahej, Ahmedabad, Pune, and Noida. Technologically advanced manufact
Contact Details
Rappid Valves (India) Ltd. AddressGenesis Industrial ComplexPlot No.30, Village KolgaonPalghar (East), ThaneMumbai, Maharashtra, 401404+91 9321463550investors@rapidvalves.netVisit Website