Rappid Valves IPO allotment: Check status, GMP, listing date and other details

After getting a healthy response for the IPO, Rappid Valves is likely to finalise the share allotment on Thursday. Investors can check the status of Rappid Valves IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case.

Follow the step by step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Link Intime India (https://linkintime.co.in/initial_offer/public-issues.html)


Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

Investors can also check the IPO allotment status through the NSE website

Step 1: Visit the NSE Website

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

Rappid Valves GMP

In the unlisted market, the company's shares are trading with a premium of Rs 100. If the trends sustain, the company's shares are expected to list with 45% gains on September 30. The company has priced the IPO at Rs 222 at the upper end.

The Rs 30 crore SME IPO of Rappid Valves was subscribed over 100 times at close, driven by robust demand across categories. The IPO is entirely a fresh equity sale of 1.36 crore shares.

The company will use the net proceeds from the IPO for purchase of machineries, for funding working capital requirements and other general corporate expenses.

The company is an engineering player, primarily engaged in the manufacturing of valve solutions. Its extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves.

The Valves market size is estimated at $79.90 billion in 2024, and is expected to reach $108.20 billion by 2029, growing at a CAGR of 6.25% during the forecast period (2024-2029).

Valves control the flow and pressure within a system or process. It forms an essential piping system component that conveys liquids, gases, vapors, slurries, etc. Hence, the growing investment in infrastructure development and the automation of industries are driving the growth of the studied market.

For the year ended March 2024, the company clocked total revenues of Rs 36.6 crore and net profit of Rs 4.13 crore.