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Rappid Valves (India) IPO
Price Band
₹210.0–222.0
Issue Size
₹30.41 Cr
Lot Size
600 shares
Min Investment
₹133,200
GMP
+₹100.0 (45.05%)
Issue Price
₹222.0
Subject to Sauda
₹45600
Paid only if allotted
Rappid Valves (India) IPO AI Summary
- Rappid Valves (India) IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹210.0–₹222.0 per share, lot size 600 shares (min. investment ₹133,200).
- Subscription window: 23 Sep–25 Sep 2024, listing on 30 Sep 2024.
- Current GMP is +₹100.0 (45.05%), an estimated listing price of ₹322 — unofficial and can change daily.
Rappid Valves (India) Limited is set to launch its IPO with an issue price of ₹222.0, aiming to raise ₹30.41 Cr. The company has shown significant growth in total income and profitability over recent periods, supported by its advanced manufacturing capabilities and experienced management team.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rappid Valves (India) IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rappid Valves (India) IPO Grey Market Premium (GMP) Today
GMP
+₹100.0
GMP %
+45.05%
Est. Listing
₹322.0
Updated: 25 Jul 2026 14:03
About the Company
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 manufacturing facility needed for valve production. Significantly expert personnel with an engineering background. As of, June 30, 2024, the company had employed 47 personnel at its Manufacturing Plant and Registered Office.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹10.81
NAV
₹34.72
ROE
53.88%
ROCE
29.88%
RoNW
33.82%
P/B Value
24.89
P/E Ratio
20.53
Market Cap
₹115.26 Cr
PAT Margin
11.32%
Debt/Equity
0.90
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Hawa Engineers Ltd | 46.58 | 4.25% | 80.81 | 1.98 |
| Chemtech Industrial Valves Ltd | 10.47 | 23.19% | 114.4 | 2.43 |
| Atam Valves Ltd | 25.01 | 30.68% | 20.36 | 7.67 |
| Rappid Valves (India) Limited This IPO | 8.92 | 14.59% | — | 1.3 |
Promoters
Gaurav Vijay Dalal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹12.15 Cr in 31 Mar 2022, increasing to ₹16.43 Cr by 31 Mar 2023, and further rising to ₹36.60 Cr by 31 Mar 2024. This shows a significant growth in total income over the periods.
Profit Trend
Profit after tax was ₹0.29 Cr in 31 Mar 2022, which increased to ₹0.46 Cr by 31 Mar 2023, and further rose to ₹4.13 Cr by 31 Mar 2024. This indicates a substantial increase in profitability over the periods.
Valuation
At the issue price of ₹222.0, Rappid Valves (India) Limited has an implied P/E of approximately 20.53 times trailing earnings, compared to peers trading at a P/E range of 20.36 to 114.4.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on unofficial trading before the stock is listed. A positive GMP suggests strong demand for the shares, while a negative GMP indicates weaker demand. However, GMP can be volatile and is not a guarantee of future performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's growth potential, financial health, and market conditions before making a decision.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, established companies may want to avoid this IPO, as it operates in a competitive sector with inherent market risks.
IPO Timeline, Explained
The IPO opens for subscription on September 23, 2024, and closes on September 25, 2024. Allotment of shares will be done on September 26, 2024, with the listing date scheduled for September 30, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable, influenced by market sentiment and demand for the stock. While some IPOs experience significant price jumps on their debut, others may not perform as well, leading to potential losses for investors. It's important to consider both the short-term and long-term outlook when investing in an IPO.
This evaluation is generated from Rappid Valves (India)'s own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rappid Valves (India) IPO GMP today?
Rappid Valves (India) IPO GMP today is +₹100.0 (45.05%), indicating an estimated listing price of ₹322. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Rappid Valves (India) IPO?
The price band of Rappid Valves (India) IPO is ₹210.0–₹222.0 per share.
When does Rappid Valves (India) IPO open and close?
Rappid Valves (India) IPO opens on 23 September 2024 and closes on 25 September 2024.
When does Rappid Valves (India) IPO list on the stock exchange?
Rappid Valves (India) IPO listed on 30 September 2024 at ₹322.0.
What is the lot size for Rappid Valves (India) IPO?
The lot size for Rappid Valves (India) IPO is 600 shares, requiring a minimum investment of ₹133,200.
What is the price band for the Rappid Valves IPO?
The price band for the Rappid Valves IPO is ₹210.0 to ₹222.0.
What is the minimum investment required?
The minimum investment required is ₹133,200.0.
What is the lot size for the IPO?
The lot size for the IPO is 600 shares.
When is the listing date for the IPO?
The listing date for the IPO is September 30, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price movement of the IPO shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2024
Close
25 Sep 2024
Allotment
26 Sep 2024
Listing
30 Sep 2024
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