Rappid Valves (India) Limited IPO GMP

Rappid Valves - is an Engineering company which builds Valve solutions across sectors as per Industry standards. Their technical solutions build precision control systems to ensure longevity in various conditions. Their International standard factory manufactures and exports valves for critical applications in industries such as hydrocarbon/oil and gas (upstream, downstream & midstream) chemical, power, marine, mining & general industry.

Rappid Valves, an Book Built Issue amounting to ₹30.40 Crores, consisting an Fresh Issue of 13.69 Lakh Shares. The subscription period for the Rappid Valves IPO opens on September 23, 2024, and closes on September 25, 2024. The allotment is expected to be finalized on or about Thursday, September 26, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, September 30, 2024.

The Share price band of Rapid Valves IPO is set at ₹210 to ₹222 equity per share, with a minimum lot size of 600 shares. Retail investors are required to invest a minimum of ₹1,33,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,200 shares), amounting to ₹2,66,400.

SHRENI SHARES LIMITED is the book-running lead manager, LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue. Rikhav Securities Limited is the sole Market Maker for the Rappid Valves IPO.

Rappid Valves (India) Limited IPO GMP Today
The Grey Market Premium of Rappid Valves (India) Limited IPO is expected in the range of ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Rappid Valves (India) Limited IPO Live Subscription Status Today: Real-Time Updates
As of 11:58 AM on 23 September 2024, the Rappid Valves (India) Limited IPO live subscription status shows that the IPO subscribed 0.77 times on its First day of subscription period. Check the Rappid Valves (India) IPO Live Subscription Status Today at NSE.

Rappid Valves (India) Limited IPO Anchor Investors Report
Rappid Valves has raised ₹8.64 Crores from Anchor Investors at a price of ₹222 per shares in consultation of the Book Running Lead Managers. The company allocated 3,89,400 equity shares to the Anchor Investors. Check Full list of Rappid Valves (India) Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Rappid Valves (India) Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Rappid Valves IPO allotment date is 26 September, 2024, Thursday. Rappid Vlaves IPO Allotment will be out on 26th September 2024 and will be live on Registrar Website from the allotment date. Check Rappid Valves (India) Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Rappid Valves (India) Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Rappid Valves (India) Limited IPO
Rappid Valves Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹673.11 Lakhs is required for Funding the Capital expenditure for purchase of new Plant and Machineries and Software by the Company; 
2. ₹38.88 Lakhs is required for Expenditure for renovation of registered office and existing manufacturing unit; 
3. ₹1,050.00 Lakhs is required for Repayment/prepayment of all or certain of their borrowings availed of by the Company; 
4. ₹400.00 Lakhs is required for Pursuing inorganic growth initiatives through acquisitions; and 
5. General corporate purposes.

Refer to Rappid Valves (India) Limited RHP for more details about the Company.