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IPO

IPO Details


Rappid Valves India Ltd
Registered Office: Genesis Ind.Cmplx. Plot No.30, Village Kolgaon Palghar (East), Thane - 401404, Maharashtra
Phone: +91 93214 63550
Email: investors@rapidvalves.net
Website: www.rappidvalves.in
Initial public offer of upto 13,69,800 equity shares of face value of Rs. 10/- each (the equity shares) of Rappid Valves (India) Limited (the company or Rappid Valves or the company or the issuer) for cash at a price of Rs. 222.00/- per equity share including a share premium of Rs. 212.00/- per equity share (the issue price) aggregating to Rs. 30.41 crores (the issue), of which upto 69,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 222.00/- per equity share including a share premium of Rs. 212.00/- per equity share aggregating to Rs. 1.55 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e., net issue of upto 13,00,200 equity shares of face value of Rs. 10/- each at a price of Rs. 222.00/- per equity share including a share premium of Rs. 212.00/- per equity share aggregating to Rs. 28.86 crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.38 % and 25.04 % respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 22.20 times the face value of the equity shares. a
Issue Money Payable On
Opens On Closes On Application Allotment
23-Sep-2024 25-Sep-2024 ₹ 222.00 ₹ 0.00
Minimum Application for shares in Nos : 600.0 Further Multiples of : 600.0
(₹)Cr. Lead Managers to the Issue
Project Cost 27.05 Shreni Shares Ltd
Project Financed through Current Offer 30.41
Post Issue Equity Share Capital 5.19
Issue Price ₹222.00
Projects
Funding the capital exp for purchase of new Plant & Machinery and Software by the company
Expenditure for renovation of registred office and existing mfg unit
Repayment/prepayment of all or certain of its borrowings availed of by the company
General corporate purposes
Pursuing inorganic growth initiatives through acquisitions
Promoted By
Gaurav Vijay Dalal
Listing At
NSE - SME
Registrar to the Issue
No Data Available

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NASDAQ
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23,916.07 -153.88(-0.64%)