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RDB Rasayans IPO is a book built issue of Rs 35.55 crores.
RDB Rasayans IPO bidding started from September 21, 2011 and ended on September 23, 2011. The shares got listed on BSE on October 7, 2011.
RDB Rasayans IPO price band is set at ₹72 to ₹79 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,320.
Chartered Capital And Investment Limited is the book running lead manager of the RDB Rasayans IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to RDB Rasayans IPO RHP for detailed information.
IPO Date | September 21, 2011 to September 23, 2011 |
Listing Date | October 7, 2011 |
Face Value | ₹10 per share |
Price Band | ₹72 to ₹79 per share |
Lot Size | 80 Shares |
Total Issue Size | 4,500,000 shares (aggregating up to ₹35.55 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE |
Share holding pre issue | 13,214,800 |
Share holding post issue | 17,714,800 |
RDB Rasayans IPO offers 4,500,000 shares. 2,250,000 (50.00%) to QIB, 675,000 (15.00%) to NII, 1,575,000 (35.00%) to RII. 19,687 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 2,560 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 2,250,000 (50.00%) | NA |
NII (HNI) Shares Offered | 675,000 (15.00%) | |
Retail Shares Offered | 1,575,000 (35.00%) | 19,687 |
Total Shares Offered | 4,500,000 (100%) |
Investors can bid for a minimum of 80 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 | 80 | ₹6,320 |
Retail (Max) | 31 | 2480 | ₹195,920 |
Lot Size Calculator |
Promoters of the company are:
1. Mr. Sunder Lal Dugar
2. Mr. Vinod Dugar
3. Ms. Sheetal Dugar
Share Holding Pre Issue | 87.59% |
Share Holding Post Issue | 65.34% |
Incorporated in 1995, RDB Rasayans Ltd, an ISO 9001:2008 certified organization, engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. PP sacks are mainly used for packing the different products in the fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc.
RDB Rasayans produces FIBCs of U+2 panel, Circular Jumbo bags, Baffle bags, All panel bags, Conductive FIBC and Static dissipative FIBCs. In addition to FIBC, the Company also manufactures various woven polypropylene products including Small bags, Box woven bags, Roofing underlayment fabric, Courier bags, Ground covers, Silt fence and Geotextiles. The Company offers woven bags and fabrics in both PP and HDPE. Its products are UV stabilized and pre-conditioned against shrinkage.
KPI | Values |
---|---|
ROE | 10.6% |
ROCE | 14% |
RoNW | 10.19% |
The objects of the Issue are to:
1. To finance the capital expenditure to enhance the manufacturing capacity by 7450 MTPA by establishing the Unit -II;
2. To meet General Corporate Purpose; and
3. To meet Issue Expenses.
[Dilip Davda]
On the performance front, the company has posted an average EPS of Rs. 2.51. For the year 2010-11 it posted a net profit of Rs. 1.80 crore on a turnover of Rs. 46.13 crore against net profit of Rs. 1.95 crore on a turnover of Rs. 30.61 crore for 2008-09 indicating at reduced margings. On enhanced equity of Rs. 17.72 crore, this earnings translated into an EPS of Rs.1.01 and based on this the asking price is around 72 P/E on the lower price band and thus it is priced exorbitantly. AVOID investment.
Read detail review...The RDB Rasayans IPO is subscribed 1.50 times on September 23, 2011 5:00:00 PM. The public issue subscribed 3.96 times in the retail category, 0.00 times in the QIB category, and 0.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 0.00 |
NII | 0.75 |
Retail | 3.96 |
Total | 1.50 |
Brickwork has assigned an IPO Grade 2 to RDB Rasayans IPO. This means as per Brickwork, company has ' Below Average Fundamentals'. Brickwork assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read RDB Rasayans IPO Report
Listing Date | October 7, 2011 |
BSE Script Code | 533608 |
NSE Symbol | |
ISIN | INE123M01017 |
Final Issue Price | ₹79 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹79.00 |
₹85.00 |
₹19.80 |
₹93.15 |
₹26.50 |
RDB Rasayans Ltd
Bikaner Building,
1st Floor, Suite No: 10, 8/1,
Lal Bazar Street, Kolkata
Phone: 91-33-2230 5666
Email: ipo@rdbgroup.in
Website: http://www.rdbgroup.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rdb.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
RDB Rasayans IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹35.55 Crores. The issue is priced at ₹72 to ₹79 per share. The minimum order quantity is 80 Shares.
The IPO opens on September 21, 2011, and closes on September 23, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
The RDB Rasayans IPO opens on September 21, 2011 and closes on September 23, 2011.
RDB Rasayans IPO lot size is 80 Shares, and the minimum amount required is ₹6,320.
You can apply in RDB Rasayans 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 RDB Rasayans IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the RDB Rasayans IPO allotment status.
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