Last Updated on September 23, 2024 by Wenivesh Team
The Rappid Valves IPO is generating excitement in the market with its upcoming launch. Investors are eager to know about the rappid valves ipo gmp today, and the financial performance of the company has attracted attention. Below, we dive into the details of the IPO and what investors should expect.
Rappid Valves IPO Details
Rappid Valves (India) Limited is launching its IPO from September 23 to September 25, 2024, and the market is already speculating on its performance. Here’s a breakdown of the rappid valves ipo gmp today and other key details:
Details | Key Information |
---|---|
Open Date | September 23, 2024 |
Close Date | September 25, 2024 |
Face Value | ₹10 per equity share |
Price Band | ₹210 to ₹222 per share |
Issue Size | ₹30.41 crores |
Market Lot Size | 600 shares |
Listing Exchange | NSE SME |
As of today, the rappid valves ipo gmp today is yet to be determined, with trading in the grey market expected to start closer to the opening date. However, strong interest from investors suggests that demand may drive a positive GMP.
Rappid Valves IPO GMP Today and Market Speculation
While the official grey market premium (GMP) is yet to be announced, market speculation is already pointing toward strong interest in the IPO. Investors are keen to track the rappid valves ipo gmp today once trading begins in the grey market. As the IPO date approaches, updates on the rappid valves ipo gmp today will offer insights into investor sentiment and the expected listing price.
Subscription Details for Rappid Valves IPO
The subscription for Rappid Valves IPO is set to open soon, and here’s what investors should know. The company has allocated quotas for different investor categories, providing opportunities for both institutional and retail investors. The allotment of shares will follow this breakdown:
Investor Category | Quota |
---|---|
Retail Investors | 4.51 Times |
Qualified Institutional Buyers | 00.00 Times |
Non-Institutional Investors | 2.11 Times |
The minimum market lot is 600 shares, which means retail investors will need to invest at least ₹133,200 to participate in the IPO. For high-net-worth individuals (HNIs), the minimum lot size is 1,200 shares, requiring an investment of ₹266,400.
Financial Performance of Rappid Valves
The company has shown strong financial growth, making the rappid valves ipo gmp today a topic of interest for investors. Here’s a table summarizing the recent financial performance of Rappid Valves:
Financial Year | 2024 | 2023 | 2022 |
---|---|---|---|
Assets (₹ Lakhs) | 2,994.41 | 1,656.75 | 1,217.60 |
Revenue (₹ Lakhs) | 3,660.06 | 1,643.42 | 1,215.24 |
Profit After Tax (₹ Lakhs) | 413.27 | 45.56 | 28.98 |
The company’s Profit After Tax (PAT) has grown significantly, from ₹45.56 lakhs in 2023 to ₹413.27 lakhs in 2024, highlighting its profitability.
Key Performance Metrics
Rappid Valves has also demonstrated impressive key performance indicators (KPIs), which are essential for evaluating the company’s potential. The following table summarizes the company’s ROE, ROCE, and other financial metrics:
KPI | Value |
---|---|
ROE (Return on Equity) | 53.88% |
ROCE (Return on Capital Employed) | 29.88% |
Debt/Equity Ratio | 0.9 |
PAT Margin (%) | 11.32 |
P/E Ratio (Post IPO) | 27.89 |
These performance indicators suggest that Rappid Valves is well-positioned for future growth, with strong returns on both equity and capital employed. As the rappid valves ipo gmp today updates closer to the IPO date, these KPIs will offer further confidence to potential investors.
Important Dates for Rappid Valves IPO
Investors should mark their calendars for key dates related to the IPO. Here’s a summary of the important dates:
Event | Date |
---|---|
IPO Open Date | September 23, 2024 |
IPO Close Date | September 25, 2024 |
Allotment Date | September 26, 2024 |
Refunds Processed | September 27, 2024 |
Shares Credited | September 27, 2024 |
Listing Date | September 30, 2024 |
Make sure to stay updated on the rappid valves ipo gmp today, as this will provide an early indication of the potential listing gains.
Conclusion
The Rappid Valves IPO offers a promising investment opportunity, backed by strong financials and solid growth prospects. While the rappid valves ipo gmp today is yet to be determined, the company’s financial performance, coupled with market interest, suggests positive sentiment. Investors should keep an eye on the grey market premium as the IPO date approaches, as it will offer insights into the market’s expectations.
Hope this blog On Rappid Valves IPO has been informative and insightful.
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