31 Mar 2022
Assets12.18
Total Income12.15
Profit After Tax0.29
NET Worth-0.25
Reserves and Surplus-0.80
Total Borrowing9.78
At a glance
Updated 2026-08-24The shares listed at ₹312.00, a 40.54% move from the issue price. Rappid Valves (India) is a SME IPO with an issue size of ₹30.41 crore, proposed for listing on NSE SME. The offer opens on 23rd Sep 2024 and closes on 25th Sep 2024. The issue structure includes a fresh issue of ₹28.86 crore. The current listing schedule points to 30th Sep 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹30.41 Cr
Fresh issue₹28.86 Cr
Face value₹10
Price band₹210.00–₹222.00
Allotment26th Sep 2024
Listing30th Sep 2024
Listing performance
Full performance ↗Issue price₹222.00
Listing price₹312.00
Current price—
Listing gain40.54%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹100.00
GMP / upper price45.05%
Est. listing₹322.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Sep 2024
Closes25th Sep 2024
Allotment26th Sep 2024
Refund27th Sep 2024
Demat27th Sep 2024
Listing30th Sep 2024
Subscription demand
Full bidding ↗Total176.06×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 600 | ₹133,200 |
Company
Incorporated2002
Use of proceeds
| Object | Amount |
|---|---|
| Funding the Capital expenditure for purchase of new Plant and Machineries and Software by the Company; | ₹6.73 Cr |
| Expenditure for renovation of registered office and existing manufacturing unit; | ₹0.39 Cr |
| Repayment/prepayment of all or certain of our borrowings availed of by the Company; | ₹10.50 Cr |
| Pursuing inorganic growth initiatives through acquisitions; and | ₹4.00 Cr |
| General corporate purposes. | ₹5.43 Cr |
Financials
Full financials ↗31 Mar 2023
Assets16.57
Total Income16.43
Profit After Tax0.46
NET Worth3.12
Reserves and Surplus-0.38
Total Borrowing9.93
31 Mar 2024
Assets29.94
Total Income36.60
Profit After Tax4.13
NET Worth12.22
Reserves and Surplus3.72
Total Borrowing10.98
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 53.88% |
| ROCE | 29.88% |
| Debt / Equity | 0.90% |
| RoNW | 33.82% |
| PAT Margin | 11.32% |
| Price to Book Value | 24.89 |
Valuation & shareholding
Pre-IPO EPS10.81
Post-IPO EPS7.96
Pre-IPO P/E20.53
Post-IPO P/E27.89
Promoter holding pre69.46%
Promoter holding post51.13%
Market cap₹115.26 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees including underwriting commission | ₹1.45 Cr |
| Brokerage, selling, commission and upload fees | ₹0.01 Cr |
| Registrar to the issue | ₹0.02 Cr |
| Legal Advisors | ₹0.02 Cr |
| Advertising and Marketing expenses | ₹0.03 Cr |
| Regulators including stock exchanges | ₹0.04 Cr |
| Printing and distribution of issue stationery | ₹0.01 Cr |
| Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | ₹1.79 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Shreni Shares Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.