Rappid Valves (India) Limited IPO

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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:

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: i. Funding the Capital expenditure for the purchase of new Plant and machinery and Software by the Company; ii. Expenditure for the renovation of the registered office and existing manufacturing unit; iii. Repayment/prepayment of all or certain of our borrowings availed of by our Company; iv. Pursuing inorganic growth initiatives through acquisitions and v. General corporate purposes.

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

Promoters And Management:

Mr. Gaurav Vijay Dalal, 45, is the Promoter, Chairman & Managing Director of the Company, involved since 2002. He holds a Bachelor's and Diploma in Mechanical Engineering. With 22 years of experience in valve manufacturing, he leads product innovation, strategic planning, and customer relations. He is also a director at Manray Foundation since 2021, contributing to social work and mentoring underprivileged children. His leadership has driven the company's growth and the implementation of quality management systems. Ms. Lohiya Padma Madhusudan, 46, is the Non-Executive Director of the Company, appointed on June 27, 2024. She holds a Bachelor's in Electronics & Telecommunications and a Master's in Engineering. With 24 years of experience, including 13 years in teaching, she has worked as a software engineer, professor, and assistant professor in engineering. Currently, she runs her own interior design and photography business, Studios Innovation, for the past 8 years. She is also a Life Member of the Indian Society for Technical Education. Mr. Dinesh Gopal Mundada, 43, is the Non-Executive Independent Director of the Company and a practicing Chartered Accountant. He holds fellow membership in the Institute of Chartered Accountants of India (ICAI) and is also a certified insolvency professional. With 18 years of experience in accounting, taxation, financial planning, and audit, he has held roles at firms like Singrodia Goyal & Co., TATA Communications, and Gulf Bridge International. He is currently a Partner at DMKH & Co. and has 8 years of experience in social work, mentoring entrepreneurs and supporting underprivileged communities through educational initiatives.

Financials of Rappid Valves (India) Limited IPO:

To be updated shortly.

Comparison With Peers:

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Recommendation on Rappid Valves (India) Limited IPO:

To be updated shortly.

Lead Manager of Rappid Valves (India) Limited IPO:

  1. SHRENI SHARES PRIVATE LIMITED

Registrar of Rappid Valves (India) Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Rappid Valves (India) Limited Genesis Industrial Complex Plot No. 30, Village Kolgaon Palghar (East), Thane�401404 Phone: +91 9321463550 Email: investors@rapidvalves.net Website: https://www.rappidvalves.in/

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