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Rappid Valves India Makes a Splash, Debuts at ₹312 with Over 40% Premium on NSE SME – Get the Full Scoop!

Rappid Valves India Limited had a strong stock market debut on September 20, listing at Rs 312, which is over 40% higher than its issue price of Rs 222 per share.
Rappid Valves India Makes a Splash, Debuts at ₹312 with Over 40% Premium on NSE SME – Get the Full Scoop!

Rappid Valves India Limited debuted on the stock market on September 20, listing at Rs 312, a 40% premium over its Rs 222 issue price, slightly below the grey market estimate of 45%.

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SME IPOs have generated significant investor interest, and Rappid Valves is no exception, with subscriptions reaching 176 times over three days. Non-institutional investors purchased 491 times, retail investors 109 times, and qualified institutional buyers 56 times their respective quotas.

Rappid Valves (India) Limited, known for its brand “Rapid,” specializes in manufacturing valve solutions. Its extensive product range includes Ball, Gate, Globe, Butterfly, Check, Double Block, Strainer, and Marine Valves made from ferrous and non-ferrous materials, sized from 15mm to 600mm. Promoted by Gaurav Vijay Dalal, who has 22 years of industry experience, the company is adeptly managed under his leadership.

The objective of Rappid Valves India’s IPO is to raise capital for business expansion, enhance operational capabilities, and strengthen its financial position. The funds will support growth initiatives and investment in technology, ensuring competitiveness in the valve manufacturing sector.

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