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Synopsis: Rappid Valves (India) and WOL 3D India delivered strong stock market debuts with listing premiums of 41% and 20%, respectively. Despite market challenges, both companies raised significant capital, reflecting investor confidence in their future growth potential. Rappid Valves' focus on a broad range of industrial valves and WOL 3D's leadership in 3D printing solutions contributed to their successful IPOs.
Two SME companies, Rappid Valves (India) and WOL 3D India, made notable stock market debuts on Monday, providing significant listing gains to their investors. Despite broader market challenges, including concerns over potential rate hikes by the Bank of Japan, both IPOs showcased impressive performance.
Rappid Valves (India) Listing: Rappid Valves (India) listed its shares on the NSE's SME platform at Rs312, representing a 41% premium over its issue price of Rs222. The company raised a total of Rs30.41 crore through its IPO, with a fresh issue of 13.70 lakh equity shares. The impressive listing reflects positive investor sentiment toward the company's offerings. Rappid Valves, incorporated in 2002, specializes in manufacturing a diverse range of valves, including ball, gate, globe, butterfly, and marine valves, which are widely used across industriesRappid Valves and WOL 3D SME IPOs Listing: Impressive Debuts Despite Market Volatility
Two SME companies, Rappid Valves (India) and WOL 3D India, made notable stock market debuts on Monday, providing significant listing gains to their investors. Despite broader market challenges, including concerns over potential rate hikes by the Bank of Japan, both IPOs showcased impressive performance.
WOL 3D India Listing: Similarly, WOL 3D India also made a strong debut on the BSE SME platform. Its shares opened at Rs180.05, marking a 20% increase over the issue price of Rs150. The company raised Rs25.56 crore through its IPO, which comprised a fresh issue of 17,04,000 equity shares. WOL 3D India, established in 1988, is a leader in providing 3D printing solutions with applications in diverse sectors like education, manufacturing, architecture, and healthcare. Their product portfolio includes 3D printers, scanners, and related consumables.
Both IPOs received strong investor interest, with Rappid Valves' issue being subscribed 176 times and WOL 3D's issue seeing a subscription rate of 374 times during the bidding process.
Key Details:
Rappid Valves (India) had Shreni Shares as the book-running lead manager, while Link Intime India acted as the registrar.
WOL 3D India's IPO was managed by Hem Securities, with Bigshare Services serving as the registrar.
Rappid Valves IPO, WOL 3D IPO, SME listing, NSE, BSE, IPO premium, stock market debut, 3D printing, valve manufacturing.
