Rappid Valves India Ltd - IPO

Rappid Valves India Ltd IPO Details

Initial public offer of upto 13,69,800 equity shares of face value of Rs. 10/- each (the equity shares) of Rappid Valves (India) Limited (the company or Rappid Valves or the company or the issuer) for cash at a price of Rs. 222.00/- per equity share including a share premium of Rs. 212.00/- per equity share (the issue price) aggregating to Rs. 30.41 crores (the issue), of which upto 69,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 222.00/- per equity share including a share premium of Rs. 212.00/- per equity share aggregating to Rs. 1.55 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e., net issue of upto 13,00,200 equity shares of face value of Rs. 10/- each at a price of Rs. 222.00/- per equity share including a share premium of Rs. 212.00/- per equity share aggregating to Rs. 28.86 crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.38 % and 25.04 % respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 22.20 times the face value of the equity shares. a

Objective of issue

Funding the capital exp for purchase of new Plant & Machinery and Software by the company. Expenditure for renovation of registred office and existing mfg unit. Repayment/prepayment of all or certain of its borrowings availed of by the company. General corporate purposes. Pursuing inorganic growth initiatives through acquisitions.

Rappid Valves India Ltd Contact Details

Rappid Valves India Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investors@rapidvalves.net

Website - www.rappidvalves.in