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Rajeshwari Cans IPO is a fixed price issue of Rs 4.03 crores.
Rajeshwari Cans IPO bidding started from March 31, 2021 and ended on April 6, 2021. The allotment for Rajeshwari Cans IPO was finalized on Friday, April 9, 2021. The shares got listed on BSE SME on April 15, 2021.
Rajeshwari Cans IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Rajeshwari Cans IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Rajeshwari Cans IPO RHP for detailed information.
| IPO Date | March 31, 2021 to April 6, 2021 |
| Listing Date | April 15, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,016,000 shares (aggregating up to ₹4.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,230,000 |
| Share holding post issue | 5,246,000 |
| Market Maker portion | 108,000 shares |
Rajeshwari Cans IPO offers 2,016,000 shares. 954,000 (47.32%) to NII, 954,000 (47.32%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 108,000 (5.36%) |
| Other Shares Offered | 954,000 (47.32%) |
| Retail Shares Offered | 954,000 (47.32%) |
| Total Shares Offered | 2,016,000 (100%) |
Rajeshwari Cans IPO opens on March 31, 2021, and closes on April 6, 2021.
| IPO Open Date | Wednesday, March 31, 2021 |
| IPO Close Date | Tuesday, April 6, 2021 |
| Basis of Allotment | Friday, April 9, 2021 |
| Initiation of Refunds | Monday, April 12, 2021 |
| Credit of Shares to Demat | Tuesday, April 13, 2021 |
| Listing Date | Thursday, April 15, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 6, 2021 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Bharatkumar Vora, Harshad Kumar Vora, Siddharth Vora, and Pratik Vora are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 61.71% |
Incorporated in 2013, Rajeshwari Cans Limited is primarily engaged in the business of manufacturing round-printed tin containers of different sizes for packing material and also performs printing work on it. The company supplies its tin containers to tobacco manufacturers and paint companies. It manufactures 50 gm to 500 gm containers for the packing of tobacco material and up to 5 liters of containers for the paint industry.
It has a manufacturing unit at Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate where it carries out all of the manufacturing activities.
Competitive strengths
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 1,234.96 | 1,322.08 | 1,160.95 | ||
| Total Revenue | 2,209.73 | 2,132.33 | 1,849.64 | ||
| Profit After Tax | 18.69 | 15.75 | 11.21 | ||
[Dilip Davda] IPO pricing reduced to half from its original proposal augurs well for the investors, however, this also raises eyebrows as to how it mulled a sudden nose-dive in the pricing of IPO. Based on FY21 annualized earnings, the issue is priced aggressively at a P/E of 62, whereas on the basis of the last three years’ average, it is at a P/E of 23 and on the basis of FY20, the asking price is at a P/E of 55. Though it posted slow and steady growth in the last three fiscals, 50% reduction in the iPO price still makes it a highly-priced offer. Considering this, cash surplus – risk savvy investors may consider investment at their own risks. Read detail review...
The Rajeshwari Cans IPO is subscribed 1.40 times on April 6, 2021 6:49:00 AM. The public issue subscribed 1.19 times in the retail category, times in the QIB category, and 1.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.60 |
| Retail | 1.19 |
| Total | 1.40 |
| Listing Date | April 15, 2021 |
| BSE Script Code | 543285 |
| NSE Symbol | |
| ISIN | INE0CQ101015 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹20.75 |
| ₹20.00 |
| ₹21.00 |
| ₹20.00 |
Rajeshwari Cans Limited
96, Mahagujarat, Industrial Estate, Moraiya
Ta: Sanand, Ahmedabad -382210
Phone: 079-29796584
Email: rcl2gov@gmail.com
Website: http://www.rajeshwaricans.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
Rajeshwari Cans IPO is a SME IPO of 2,016,000 equity shares of the face value of ₹10 aggregating up to ₹4.03 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on March 31, 2021, and closes on April 6, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rajeshwari Cans IPO using UPI as a payment gateway. Zerodha customers can apply in Rajeshwari Cans IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajeshwari Cans IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajeshwari Cans IPO opens on March 31, 2021 and closes on April 6, 2021.
Rajeshwari Cans IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in Rajeshwari Cans 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 Rajeshwari Cans IPO will be done on Friday, April 9, 2021, and the allotted shares will be credited to your demat account by Tuesday, April 13, 2021. Check the Rajeshwari Cans IPO allotment status.
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