Rappid Valves (India) SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Rappid Valves (India) IPO. Explore Rappid Valves (India) IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Rappid Valves (India) Limited, established in 2002, is a prominent engineering company specializing in the manufacturing of industrial valve solutions under the brand Rapid or Rappid Valves. The company offers a wide range of high-quality valves, including Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block Valves, Strainer Valves and Marine Valves. These valves are manufactured using both ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm, catering to the unique requirements of industries such as chemicals, pharmaceuticals, shipbuilding, ethanol & breweries, marine, EPC and OEMs. Rappid Valves operates a state-of-the-art manufacturing facility spread across 32,431.66 sq. ft. in Palghar, Maharashtra. The facility is equipped with advanced machinery like CNC and VMC machines, automated test benches, and specialized tools to ensure precision manufacturing.
Key Points:
- Product Range: Offers a comprehensive portfolio of valves, including Ball Valves, Gate Valves, Globe Valves, Butterfly Valves and more, with sizes from 15mm to 600mm, manufactured in various materials like carbon steel, stainless steel, and alloy steel.
- Manufacturing Facility: The Palghar-based plant is equipped with automated CNC and VMC machines, EOT cranes and other specialized equipment to ensure efficient production.
- Global Reach: Rappid Valves exports its products internationally, with a notable presence in Dubai and other regions.
- Technology-driven: Employs Computer Aided Manufacturing (CAM) to enhance precision in valve production, working with materials like titanium, duplex stainless steel, and nickel alloys.
Objects of the Issue
- Funding the Capital expenditure for purchase of new Plant and Machineries and Software by the Company
- Expenditure for renovation of registered office and existing manufacturing unit
- Repayment/prepayment of all or certain of the borrowings availed of by the Company
- Pursuing inorganic growth initiatives through acquisitions
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 23 Sep - 25 Sep 2024 |
| IPO Price Band | ₹210 - ₹222 per share |
| Fresh Issue | 13,69,800 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹30.41 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 23 Sep 2024 |
| IPO Closing Date | 25 Sep 2024 |
| Basis Of Allotment | 26 Sep 2024 |
| Refunds | 27 Sep 2024 |
| Demat Transfer | 27 Sep 2024 |
| IPO Listing Date | 30 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| Total Income | 12.15 | 16.43 | 36.60 |
| Total Expenses | 11.86 | 15.81 | 31.07 |
| Net Profit/Loss | 0.29 | 0.46 | 4.13 |
| NPM (*) | 2.39 | 2.78 | 11.32 |
| Total Assets | 12.18 | 16.57 | 29.94 |
| Total Liabilities | 12.42 | 13.45 | 17.72 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| EPS | 5.27 | 1.30 | 11.34 |
| ROE (%) | -82.09 | 31.69 | 53.88 |
| ROCE (%) | 18.38 | 15.85 | 29.88 |
| D/E Ratio | -39.67 | 3.18 | 0.90 |
| Current Ratio | 0.80 | 1.04 | 1.48 |
| EBITDA MARGIN (%) | 16.02 | 14.24 | 20.15 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Rappid Valves (India) Limited | 36.51 | 170.77 | 1.30 | 14.59 | 8.92 |
| Atam Valves Ltd | 49.01 | 20.36 | 7.67 | 30.68 | 25.01 |
| Chemtech Industrial Valves Ltd | 20.42 | 114.40 | 2.43 | 23.19 | 10.47 |
| Hawa Engineers Limited | 101.96 | 80.81 | 1.98 | 4.25 | 46.58 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 55.97 |
| Non-Institutional Investor (NII/HNI) | 491.49 |
| Retail Individual Investor (RII) | 109.09 |
| Total | 176.06 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MR. GAURAV VIJAY DALAL
Lead Managers
- SHRENI SHARES LIMITED
Company Address
Rappid Valves (India) Limited
Genesis Industrial Complex, Plot No. 30, Village Kolgaon, Palghar (East), Thane–401404, Maharashtra, India.
Phone: +91 9321463550
Email: investors@rapidvalves.net
Website: www.rappidvalves.in
FAQs
- What is the issue size of the Rappid Valves (India) SME IPO?The Rappid Valves (India) SME IPO has an issue size of ₹30.41 crore. This includes a fresh issue of 13,69,800 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Rappid Valves (India) IPO?The price band for the Rappid Valves (India) IPO is ₹210 - ₹222 per share.
- What are the bidding dates for the Rappid Valves (India) IPO?The Rappid Valves (India) IPO will open for bidding on 23 Sep 2024 and close on 25 Sep 2024.
- What is the allotment date for the Rappid Valves (India) IPO?The allotment date for the Rappid Valves (India) IPO is 26 Sep 2024.
- What is the listing date for the Rappid Valves (India) IPO?The listing date for the Rappid Valves (India) IPO is 30 Sep 2024.
- What is the Rappid Valves (India) IPO grey market premium?The grey market premium (GMP) for the Rappid Valves (India) IPO is currently at ₹100, with an expected listing gain of approximately 45.05%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.