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  3. Rappid Valves IPO
Rappid Valves logo

Rappid Valves

Listed
Listed

IPO Timeline

Issue open date

23 Sep 2024

Issue close date

25 Sep 2024

UPI mandate deadline

25 Sep 2024

Allotment finalization

26 Sep 2024

Refund initiation

26 Sep 2024

Share credit

27 Sep 2024

Listing date

30 Sep 2024

Mandate end date

10 Oct 2024

Lock-in end date for anchor investors (50%)

26 Oct 2024

Lock-in end date for anchor investors (remaining)

25 Dec 2024

Key Dates

Open
23 Sep 2024
Close
25 Sep 2024
Listing
30 Sep 2024

Quick Stats

Issue Size:31cr
Lot Size:600 shares

About the Company

Rappid Valves (India) Limited is a manufacturing company specializing in valve solutions. Established in 2002, they offer a wide range of valves including ball valves, gate valves, globe valves, butterfly valves, check valves, double block valves, strainer valves, and marine valves. Their products are made from ferrous and non-ferrous materials and range in sizes from 15mm to 600mm. They also operate in the chemical, fertilizer, pharmaceutical, and marine industries. They have received approval for fire safe design ball valves and have exported their products to Dubai. 

Strengths

  • Specializes in marine valves, meeting high industry standards.
  • Maintains strong customer and supplier relationships.
  • Prioritizes innovation and product development.
  • Led by experienced management with a focus on quality and reliability.

Risks

  • Reliance on a limited number of customers for revenue
  • Dependence on specific product lines for sales.
  • Exposure to industry-specific demand fluctuations.
  • Potential financial stability risks due to debt or loans.
  • Exposure to legal or regulatory issues that could impact operations.

Rappid Valves IPO – Frequently Asked Questions

  • The price band for the Rappid Valves IPO is set at ₹210 to ₹222 per share.
  • The Rappid Valves IPO opens on September 23, 2024 and closes on September 25, 2024.
  • The tentative listing date for the Rappid Valves IPO is September 30, 2024.
  • You can apply for the Rappid Valves IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Rappid Valves, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Rappid Valves IPO is 600 shares. Investors must apply for at least one lot (i.e., 600 shares).