Rappid Valves (India) Ltd. has announced public offering of 1369800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 212.00 per share. The gross proceeds of the issue are expected to be Rs 3,040.96 lakhs.

The company's initial public offer (IPO) will open on 23 September 2024 and is expected to close on 25 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 210.00-222.00 per share.

The IPO includes a fresh Issue of 1369800 Equity Shares of the Company at an price of Rs 222.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Rappid Valves (India) Ltd. anticipates using the proceeds of the issue for .

Asha Agarwal & Associates as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.