Rappid Valves (India) Limited IPO
Rappid Valves (India) Limited, recognized by its brand name “Rapid” and also known as “Rappid Valves”, is an engineering company specializing in the manufacturing of high-quality valve solutions. Established in 2002, the company has grown to become a key player in the valve manufacturing industry, providing a wide range of valves that cater to various industrial and commercial applications. With a strong emphasis on innovation, quality, and safety, Rappid Valves has built a reputation for delivering reliable valve solutions to customers across different sectors.
Product Portfolio
The company’s extensive product portfolio includes various types of valves designed to meet diverse industry needs. These include:
i. Ball Valves: Suitable for high-pressure environments and used to control the flow of liquids and gases.
ii. Gate Valves: Typically used in applications that require a tight seal and low-pressure drop.
iii. Globe Valves: Used for regulating flow in a pipeline, providing more accurate flow control than other types of valves.
iv. Butterfly Valves: Compact and cost-effective valves that are often used for applications requiring large diameter pipes.
v. Check Valves: Designed to prevent backflow in a piping system, ensuring the proper direction of flow.
vi. Double Block Valves: Ideal for isolation applications, these valves provide additional security with dual-blocking capabilities.
vii. Strainer Valves: Used to filter out debris and contaminants from fluid systems.
viii. Marine Valves: Specialized valves used in the marine industry to handle harsh environments and specific regulatory requirements.
The valves are manufactured using both ferrous and non-ferrous materials, with sizes ranging from 15mm to 600mm, catering to the varied requirements of industries like oil and gas, chemical, power generation, marine, and others.
Innovation and Product Development
Rappid Valves has continuously introduced new and innovative products to its portfolio under the leadership of Mr. Gaurav Vijay Dalal. Some of the key innovations include:
i. Top Entry Ball Valve ii. Gate Valve Trunnion Mounted Ball Valves
iii. Quick Closing Valves iv. Wafer Type Ball Valves
v. Automated Valves
These innovations are sub-types of the company’s broader valve categories, designed to cater to specific industry requirements, enhancing operational efficiency and safety.
Conclusion
Rappid Valves (India) Limited has established itself as a reputable engineering company in the valve manufacturing industry. With a diverse product portfolio, modern manufacturing capabilities, and a focus on innovation, safety, and quality, the company is well-positioned to meet the evolving needs of its customers across various industries. As it continues to grow and innovate, Rappid Valves remains committed to delivering cutting-edge valve solutions that enable industries to operate more efficiently and safely.
Objects of the Rappid Valves (India) Limited IPO:
Rappid Valves (India) Limited IPO Details:
Open Date: | Sep 23 2024 |
Close Date: | Sep 25 2024 |
Total Shares: | 1,369,800 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 30.41 Cr. |
Lot Size: | 600 Shares |
Issue Price: | ₹ 210 - 222 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Sep 30 2024 |
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