Rappid Valves (India) Limited

About the company

## **About  Rappid Valves (India) Limited** Rappid Valves has established itself as a prominent manufacturer of industrial valves since commencing operations at the Genesis Industrial Complex in Palghar, Maharashtra, in 2006. Covering an expansive area of 32,431.66 sq. ft., the company, led by Mr. Gaurav Vijay Dalal, specializes in a diverse range of products, including top entry ball valves, gate valves, and automated valves, among others. Their product offerings encompass various types of valves such as ball, gate, globe, butterfly, and check valves, as well as specialized marine valves, catering to numerous industries including chemicals, pharmaceuticals, and marine applications. The manufacturing facility at Rappid Valves is equipped with advanced machinery, featuring automated CNC machines, test benches, and conventional tools, ensuring a seamless manufacturing process that adheres to international standards. This commitment to quality is evident in their rigorous assembly processes and logistical arrangements, all designed to facilitate efficient operations. The company places a strong emphasis on safety, conducting regular safety meetings and adhering to necessary safety standards, thereby fostering a secure work environment. Since its inception, Rappid Valves has progressively expanded its operations, achieving significant milestones such as the approval from DNV to manufacture Fire Safe Design Ball Valves as per API 607 in 2008. By 2012, the company had ventured into exports, supplying valves to Dubai and establishing itself as a reliable brand in international markets. Regular testing and certification by independent organizations ensure that their products meet stringent quality requirements, reinforcing their reputation for precision control systems in critical applications. Rappid Valves prides itself on its technological capabilities, offering customized valve solutions tailored to meet the specific needs of clients across various sectors, including ethanol and breweries, shipbuilding, and EPC. Their advanced CNC machining capabilities, powered by Computer Aided Manufacturing (CAM), allow for the processing of a wide array of materials such as carbon steel, stainless steel, and titanium. This focus on innovation and quality not only distinguishes Rappid Valves in a competitive landscape but also underlines their commitment to delivering high-performance products that meet the demands of modern industrial applications. Rappid Valves   prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Funding the Capital expenditure for purchase of new Plant and Machineries and Software by the Company 1. Expenditure for renovation of registered office and existing manufacturing unit 1. Repayment/prepayment of all or certain of our borrowings availed of by the Company 1. Pursuing inorganic growth initiatives through acquisitions 1. General corporate purposes.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   23 Sept 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   25 Sept 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   25 Sept 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   27 Sept 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   26 Sept 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   30 Sept 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.