Contemplating the higher worth band of Rs 312, the inventory is predicted to checklist with a premium of 41% over the difficulty worth.
The IPO, which was utterly a recent fairness sale of 13.69 lakh shares, obtained overwhelming response from traders with an general subscription of 176 instances at shut.
The online proceeds from the general public provide shall be used for funding capital expenditure for buy of recent plant and machineries and software program, compensation of debt, pursuing inorganic progress by way of acquisitions and different basic company functions.
Rappid Valves is primarily engaged within the manufacturing of Valve options. Its in depth product portfolio encompasses an unlimited vary of valves which incorporates Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Examine Valves, Double Block valves, Strainer Valves and Marine Valves that are manufactured utilizing ferrous and non-ferrous supplies, sizes starting from 15mm to 600mm catering to various requirement.Rappid Valves focuses on know-how by manufacturing customised industrial Valves. Manufacturing, engineering or the manufacturing course of, are the steps by way of which our uncooked supplies are remodeled right into a closing product. Manufacturing course of begins with the product design and supplies specification from which the standard product is made.Valves are technically fittings, however are often mentioned as a separate class. In an open valve, fluid flows in a course from larger strain to decrease strain.The valves market dimension is estimated at $79.90 billion in 2024, and is predicted to succeed in $108.20 billion by 2029, rising at a CAGR of 6.25% through the forecast interval (2024-2029).
For the yr ended March 2024, the corporate clocked complete revenues of Rs 36.6 crore and internet revenue of Rs 4.13 crore.
Sherni Shares acted because the lead supervisor to the difficulty and Hyperlink Intime India was the registrar.
