Aegis bought 2,06,400 shares of Rappid Valves for ₹6.78 Cr at ₹328.40 apiece in a bulk deal.
A manufacturer of valve solutions serving industrial applications across India, Rappid Valves specializes in designing and producing valves for diverse sectors including oil and gas, water treatment, chemical processing, and power generation. Established in 2002, the company focuses on delivering reliable valve products tailored to meet specific operational requirements and customer specifications. Its engineering expertise and commitment to quality distinguish it in the competitive industrial valve market.
Aegis Investment Fund PCC is a foreign portfolio investor that acts as an anchor investor in Indian SME IPOs. It has backed offerings across sectors such as drones, information technology, and media.