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Rajshree Polypack IPO is a book built issue of Rs 35.52 crores.
Rajshree Polypack IPO bidding started from September 10, 2018 and ended on September 12, 2018. The allotment for Rajshree Polypack IPO was finalized on Tuesday, September 18, 2018. The shares got listed on NSE SME on September 24, 2018.
Rajshree Polypack IPO price band is set at ₹119 to ₹121 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹121,000.
PL Capital Markets Private Limited is the book running lead manager of the Rajshree Polypack IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Rajshree Polypack IPO RHP for detailed information.
| IPO Date | September 10, 2018 to September 12, 2018 |
| Listing Date | September 24, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹119 to ₹121 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,960,000 shares (aggregating up to ₹35.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,274,000 |
| Share holding post issue | 11,234,000 |
| Market Maker portion | 148,000 shares |
Rajshree Polypack IPO offers 2,970,000 shares. 572,000 (19.26%) to QIB, 422,000 (14.21%) to NII, 985,000 (33.16%) to RII 843,000 (28.38%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 843,000 (28.38%) |
| Market Maker Shares Offered | 148,000 (4.98%) |
| QIB Shares Offered | 572,000 (19.26%) |
| NII (HNI) Shares Offered | 422,000 (14.21%) |
| Retail Shares Offered | 985,000 (33.16%) |
| Total Shares Offered | 2,970,000 (100%) |
Rajshree Polypack IPO opens on September 10, 2018, and closes on September 12, 2018.
| IPO Open Date | Monday, September 10, 2018 |
| IPO Close Date | Wednesday, September 12, 2018 |
| Basis of Allotment | Tuesday, September 18, 2018 |
| Initiation of Refunds | Wednesday, September 19, 2018 |
| Credit of Shares to Demat | Wednesday, September 19, 2018 |
| Listing Date | Monday, September 24, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2018 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
| Lot Size Calculator | |||
Incorporated in 2003, Thane-based Rajshree Polypack Limited is a company engaged in the business of plastic packing products. It is one of the leaders in the manufacturing of rigid plastic sheets and thermoformed packaging products (source: Care Advisory Report, July 2018).
Rajshree's products range from yogurt & ice cream containers, beverage cups & containers, food packing, bakery products and confectioneries, coffee cups, QSRs, generic bowls, punnets & trays for fruits and vegetable packing, lids etc.
The company's manufacturing facility is located at Daman and has an annual capacity of over 10,000 MT.
Rajshree Polypack's revenue from operations grew at a CAGR of 19.97% for the last four (4) Fiscals.
The net profit of the company grew at a CAGR of 134.66% and EBITDA by 33.05% for the last 4 fiscals.
The company has 418 employees on its payroll.
Competitive Strengths-
1. Consistent financial performance
2. Leading name in the manufacturing of rigid plastic sheets and thermoformed packaging
3. Competitive edge due to the locational advantage of its manufacturing facility
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 8,656.66 | 8,157.94 | 7,610.30 | 6,447.78 | 5,707.24 | |
| Total Revenue | 11,250.39 | 9,642.79 | 9,565.77 | 6,505.96 | 3,901.01 | |
| Profit After Tax | 931.09 | 886.85 | 155.21 | 783.24 | 72.06 | |
The objects of the issue are-
1. Setting up of Factory Unit IV at Daman;
2. General corporate purposes
[Dilip Davda] Company's financial performance is lucrative, but concern is about ongoing controversy on usage of plastic ban movement. More states are joining the bandwagon. Thus it is a major risk for this company going forward. Future of such companies hinges on outcome of Government's final ruling. Although pricing looks lucrative, cash surplus investors may consider investment for long term. Read detail review...
The Rajshree Polypack IPO is subscribed 5.36 times on September 12, 2018 6:00:01 PM. The public issue subscribed 2.92 times in the retail category, 3.61 times in the QIB category, and 13.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.61 |
| NII | 13.43 |
| Retail | 2.92 |
| Total | 5.36 |
| Listing Date | September 24, 2018 |
| BSE Script Code | |
| NSE Symbol | RPPL |
| ISIN | INE760W01015 |
| Final Issue Price | ₹120 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹120.00 |
| ₹111.05 |
| ₹105.70 |
| ₹116.60 |
| ₹116.60 |
Rajshree Polypack Limited
#503-504, 5th Floor, Lodha Supremus
Road No. 22, Kishan Nagar,
Wagle Estate, Thane (W) - 400604
Phone: +91-22 25818200
Email: cosec@rajshreepolypack.com
Website: http://www.rajshreepolypack.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rajshree.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Rajshree Polypack IPO is a SME IPO of 2,960,000 equity shares of the face value of ₹10 aggregating up to ₹35.52 Crores. The issue is priced at ₹119 to ₹121 per share. The minimum order quantity is 1000 Shares.
The IPO opens on September 10, 2018, and closes on September 12, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Rajshree Polypack IPO opens on September 10, 2018 and closes on September 12, 2018.
Rajshree Polypack IPO lot size is 1000 Shares, and the minimum amount required is ₹121,000.
You can apply in Rajshree Polypack 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 Rajshree Polypack IPO will be done on Tuesday, September 18, 2018, and the allotted shares will be credited to your demat account by Wednesday, September 19, 2018. Check the Rajshree Polypack IPO allotment status.
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