Rappid Valves (India) IPO

Incorporated in 2002, Rappid Valves (India) Limited primarily engages in the manufacturing of Valve solutions. The company offers various valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are made using ferrous and non-ferrous materials and come in sizes ranging from 15mm to 600mm to meet diverse requirements. The company's manufacturing unit is equipped with a comprehensive range of standard machinery, including conventional and automated CNC machines, VMCs, test benches, EOT cranes, lathes, milling machines, drilling machines, grinders, saws, testers, lapping machines, welders, compressors, buffing machines, and testing equipment, supporting a seamless manufacturing process. The Company has also obtained various quality certifications, such as ISO 9001:2015, 14001:2015, and ISO 45001:2018. Competitive Strengths Experienced and dedicated key management personnel Focus on Innovative and new products Solid knowledge base of Marine Industries Upgradation and expansion of manufacturing capabilities Expanding geographical reach by establishing sales offices in Dahej, Ahmedabad, Pune, and Noida. Technologically advanced manufacturing facility needed for valve production. Significantly expert personnel with an engineering background. As of, June 30, 2024, the company had employed 47 personnel at its Manufacturing Plant and Registered Office.

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: Funding the Capital expenditure for the purchase of new Plant and machinery and Software by the Company; Expenditure for the renovation of the registered office and existing manufacturing unit; Repayment/prepayment of all or certain of our borrowings availed of by our Company; Pursuing inorganic growth initiatives through acquisitions and General corporate purposes.

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