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Raj Oil Mills IPO is a book built issue of Rs 114.00 crores.
Raj Oil Mills IPO bidding started from July 20, 2009 and ended on July 23, 2009. The shares got listed on BSE, NSE on August 12, 2009.
Raj Oil Mills IPO price band is set at ₹100 to ₹120 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,000.
Karvy Investor Services Limited and PL Capital Markets Private Limited are the book running lead managers of the Raj Oil Mills IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Raj Oil Mills IPO RHP for detailed information.
| IPO Date | July 20, 2009 to July 23, 2009 |
| Listing Date | August 12, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹120 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 9,500,000 shares (aggregating up to ₹114.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 26,510,100 |
| Share holding post issue | 36,010,100 |
Raj Oil Mills IPO offers 9,500,000 shares. 4,750,000 (50.00%) to QIB, 1,425,000 (15.00%) to NII, 3,325,000 (35.00%) to RII. 66,500 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,700 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 4,750,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,425,000 (15.00%) | |
| Retail Shares Offered | 3,325,000 (35.00%) | 66,500 |
| Total Shares Offered | 9,500,000 (100%) |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 33 | 1650 | ₹198,000 |
| Lot Size Calculator | |||
1. Mr. Shaukat S.Tharadra
Mr. Shaukat is 63 yrs old Bachelor of Science (B.Sc). He started his career in the year 1966 as an Oil Trader and Manufacturer. He carries vast industrial experience of more than four decades in the edible oil industry.
2. Mrs. Shahida S. Tharadra
| Share Holding Pre Issue | 71.67% |
| Share Holding Post Issue | 52.76% |
Incorporated in 2001, Raj Oil Mills Ltd is in the business of manufacturing and processing of coconut, groundnut, mustard, and soya bean oil. Raj Oil Mills is the oldest (founded in 1943) and the most successful oil production company in India. Company's products are sold under three brands i.e ‘Cocoraj’, ‘Guinea’ and ‘Raj’. These brands are in existence for more than 5 decades.
At present, Raj Oil Mills is engaged in the business of Crushing and Oil Filtration with a capacity of 5000 TPA and 30000 TPA respectively. Company have products under the following brands:
1. Cocoraj (Coconut Oil)
2. Cocoraj Cool (Ayurvedic Oil)
3. Guinea Groundnut Oil (Double Filtered Oil)
4. Guinea Lite Groundnut Oil (Refined Oil)
5. Guinea Lite Sunflower Oil (Refined Oil)
6. Guinea Lite Cottonseed Oil (Refined Oil)
7. Guinea Lite Soyabean Oil (Refined Oil)
8. Tilraj Til Oil
9. Mustraj Mustard Oil
10. Cocoraj Jasmine
| KPI | Values |
|---|---|
| RoNW | 29.52% |
The Raj Oil Mills IPO is subscribed 1.24 times on July 23, 2009 5:00:00 PM. The public issue subscribed 0.77 times in the retail category, 0.75 times in the QIB category, and 3.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.75 |
| NII | 3.98 |
| Retail | 0.77 |
| Total | 1.24 |
ICRA has assigned an IPO Grade 2 to Raj Oil Mills Ltd IPO. This means as per ICRA, company has Below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong .Link to download Care rating document.
| Listing Date | August 12, 2009 |
| BSE Script Code | 533093 |
| NSE Symbol | RAJOIL |
| ISIN | INE294G01018 |
| Final Issue Price | ₹120 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹120.00 |
| ₹125.05 |
| ₹115.60 |
| ₹133.70 |
| ₹119.30 |
| NSE |
|---|
| ₹120.00 |
| ₹120.00 |
| ₹115.25 |
| ₹133.50 |
| ₹119.25 |
Raj Oil Mills Limited
Raj Oil Mills Ltd,
224 - 230, Bellasis Road,
Mumbai - 400 008.
Phone: + 91-22-23021996 – 98
Email: ipo@rajoilmillsltd.com
Website: http://www.rajoilmillsltd.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: iporaj@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Raj Oil Mills IPO is a main-board IPO of 9,500,000 equity shares of the face value of ₹10 aggregating up to ₹114.00 Crores. The issue is priced at ₹100 to ₹120 per share. The minimum order quantity is 50 Shares.
The IPO opens on July 20, 2009, and closes on July 23, 2009.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Raj Oil Mills IPO opens on July 20, 2009 and closes on July 23, 2009.
Raj Oil Mills IPO lot size is 50 Shares, and the minimum amount required is ₹6,000.
You can apply in Raj Oil Mills IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Raj Oil Mills IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raj Oil Mills IPO allotment status.
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RHP
For more details about how I arrived for that price, carefully read the following: -
The 8-Year Cycle and its implications
The Sensex is assumed to be under a larger 8-year cycle ever since its birth. 1984 was the beginning of 8-year long bull-run till '1992.
The next two important turning points occurred exactly 8 years thereafter, in '1992 and '2000. Both these turning points were marked by stock market scams, because of which the leaders of the rally had extremely difficult time later. For example, ACC, the leading stock of '1992 bull market, remained below its highs till end of '2004. Similarly, the IT stocks, which were leaders of '2000 rally, lost as much as 90% of their top valuations by the year '2003, and most are below their top levels even today.
Last year, we were sitting on this very important cycle, which therefore, threw up similar possibilities.
Remember, every 8 years, market does see a deep cut in valuations. In the previous 8-year cycle top during ‘1992-93, Sensex lost 56% from 4546 to 1980. In the next cycle top, the cut was almost 58% from 6150 in ‘2000 to 2594 in ‘2001. Time-wise, ‘1992 cycle completed the bear phase in 12-16 months, while the ‘2000 cycle took 19 months only to hit the low, which was then followed by 19 months of base formation before bull phase could begin again.
Accordingly, it is targeted sub-10k levels for Sensex price-wise, and a minimum of 13 months into bear phase time-wise. Index achieved the forecast price/time targets.