About the Company:
Rappid Valves (India) Limited recognized by its brand name “Rapid” also known as “Rappid Valves”, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions.
Company’s extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves which are manufactured using ferrous and non-ferrous materials, sizes ranging from 15mm to 600mm catering to diverse requirement.
Company has introduced various products which included Top Entry Ball Valve, Gate Valve Trunnion Mounted Ball Valves, SDNR, Quick Closing Valve, Automated Valves, Wafer Type Ball Valves & many more which are a sub-type of Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves.
Company commenced manufacturing operations at Genesis Industrial Complex, Plot No. 30 and 31, Village Kolgaon, Palghar (East), Thane, Maharashtra, India property purchased in 2006. Company’s facilities are spread across 32,431.66 Sq. Ft.
Types of Valves manufactured by the Company:
- Ball Valve.
- Gate Valves.
- Globe Valves.
- Butterfly Valves.
- Check Valves.
- Double Block valves.
- Strainer Valves and Marine Valves.
Management Team:
- Mr. Gaurav Vijay Dalal (Designation: Chairman & Managing Director)
- Ms. Lohiya Padma Madhusudan (Designation: Non-Executive Director)
Objectives of the Issue:
Fresh Issue: (Rs.30.40 cr)
- Funding the Capital expenditure for purchase of new Plant and Machineries and Software by our Company.
- Expenditure for renovation of registered office and existing manufacturing unit.
- Repayment/prepayment of all or certain of our borrowings availed of by our Company.
- Pursuing inorganic growth initiatives through acquisitions.
- General corporate purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Lakhs/Crores) |
|---|---|
| Funding the Capital expenditure for purchase of new Plant and Machineries and Software by our Company | 6.73 cr |
| Expenditure for renovation of registered office and existing manufacturing unit | 0.38 cr |
| Repayment/prepayment of all or certain of our borrowings availed of by our Company | 10.50 cr |
| Pursuing inorganic growth initiatives through acquisitions | 4.0 cr |
Positives for the Company:
Company has Good Standing in marine Industry.
- Company understands the unique requirements of the marine sector and offers a wide range of valves specifically designed to meet the demanding conditions of marine applications, these valves are manufactured using innovative technologies and adhering to rigorous quality control standards, ensuring that every valve meets the highest industry standards.
Company Continues to invest in Manufacturing capabilities.
- Continuously investing in the manufacturing capabilities is a strategic move for our company, by installing and accommodating new automated machines and other additional plant & machineries we will be able to achieve better operational efficiency.
- These automated machines, such as the vertical machining centre, CNC machines, flatbed CNC machines, and testing machines, will enhance our manufacturing processes and increase our production capacity. With these upgrades and expansions, Company anticipates being able to expand the operations at current location, which will provide us with operational efficiency and support the growth of our business.
Company Plans to Expand its Geographical Presence.
- Expanding company’s reach by establishing sales offices in different parts of the country is a strategic decision that can help our company grow and cater to the increasing demand of our existing customers. It also provides an opportunity to acquire new customers.
- Setting up sales offices in Dahej, Ahmedabad, Pune, and Noida can help us target customers in these regions more effectively. These locations are known for their industrial and business activities, making them potential hubs for your company’s growth. By having offices in these cities, we can establish a local presence, build relationships with customers, and provide better customer support and services.
- Overall, expanding our marketing and sales offices to different regions, will position our company for growth, increase customer reach, and enhance customer relationships, ultimately leading to business success, currently company is at the stage of market research for the cities mentioned for the future expansion of its business.
Financials of the Company:
| (in Crores) | FY 22 | FY 23 | FY 24 |
|---|---|---|---|
| Revenue | 12.15 | 16.43 | 36.60 |
| Net Profit | 0.28 | 0.45 | 4.13 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Rappid Valves Ltd | 10 | 11.74 | 18.90 | 33.82% | 34.72 |
| Atam Valves Ltd | 10 | 7.67 | 20.36 | 30.68% | 25.01 |
| Chemtech Industrial Valves Ltd | 10 | 2.43 | 114.40 | 23.19% | 10.47 |
| Hawa Engineers Ltd | 10 | 1.98 | 80.81 | 4.25% | 46.58 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 23rd September 2024 |
| Issue Closes on | 25th September 2024 |
| Issue Price | Rs.210 -222 |
| Face Value | Rs.10 |
| Minimum Lot | 600 Shares |
| Minimum Investment | Rs.1,33,200 |
| Issue Constitutes | 26.38 % |
| Issue Size | Rs.30.40 cr |
| Market Cap | Rs. 115 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 13,69,800 (Rs. 30.40 cr) |
| Equity Shares Prior to the Issue | 38,22,184 |
| Equity Shares after the Issue | 51,91,984 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt Equity Ratio (D/E) |
|---|---|---|---|---|
| 11.74 | 18.90 | 33.82% | 34.72 | 0.90 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Rappid Valves (India) Limited, recognized by its brand name “Rapid” or “Rappid Valves,” is an engineering company specializing in manufacturing a wide range of valve solutions. Their extensive product portfolio includes Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block Valves, Strainer Valves, and Marine Valves. These valves are produced in both ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm, catering to diverse industry requirements.
Notably, Rappid Valves holds a strong position in the marine industry. The company has introduced various innovative products such as Top Entry Ball Valves, Gate Valve Trunnion Mounted Ball Valves, SDNR, Quick Closing Valves, and Automated Valves. Rappid Valves continues to invest in its manufacturing capabilities and aims to expand its geographical presence. With a reputation for quality, risk-taking investors may consider the company’s IPO for long-term growth potential. |
Important Dates:
| Finalization of Basis of Allotment | on or Before 26th September 2024 |
| Initiation of Refunds | on or Before 27th September 2024 |
| Credit of Equity Shares: | on or Before 27th September 2024 |
| Listing Date: | on or Before 30th September 2024 |
| Company Contact Info: |
|---|
| Rappid Valves Ltd Genesis Industrial Complex, Plot No. 30, Village Kolgaon, Palghar (East), Thane–401404, Maharashtra, India. Telephone: +91 9321463550 Email: investors@rapidvalves.net Website: www.rappidvalves.in |
| Registrar to the Issue: |
|---|
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai-400 083, Maharashtra, India Tel No: +91 8108114949 Email: rappidvalves.smeipo@Linkintime.co.in Website: www.linkintime.co.in |
