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Raw Edge Industrial Solutions Ltd IPO (Raw Edge Industrial Solutions IPO) Detail

Jul 5, 2018 - Jul 10, 2018

Incorporated in 2005, Mumbai based Raw Edge Industrial Solutions Limited is a company engaged in the business of providing industrial minerals to manufacturing industries at competitive prices. The company is delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses. It is one of the leading Manufacturers and Suppliers of a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, Imported Coal, etc.

In February 2018, the company has entered into an agreement for sale for acquiring agriculture land of `50.21
Lakhs at Surat for setting up a manufacturing unit of crushed Quick Lime and Hydrated Lime with an installed capacity of 1,20,000 MT/per annum located. In addition to its existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at the aforesaid new premises will be making the total installed capacity of 1,80,000 ton/per annum.

Though the customers of Raw Edge are spread over 10 states, the major supply of its products are concentrated in the state of Gujarat and Rajasthan (contributing 91.37 % of total turnover).

The company has 33 permanent employees on its payroll.

Company Promoters:

The Promoters of the company are Bimal Rajkumar Bansal, Sourabh Bimal Bansal, and Siddharth Bimal Bansal.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Jan-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,912.26 2,718.57 2,305.11 1,488.56 1,377.22 774.00
Total Revenue 4,498.74 4,860.73 4,133.55 3,826.82 3,349.57 6,662.21
Profit After Tax 133.40 61.63 58.05 44.71 70.41 81.50

Objects of the Issue:

The present Public Issue of 22,91,200 Equity Shares includes a Fresh Issue of 16,81,200 Equity shares and an offer for sale of 6,10,000 equity shares by the Selling Shareholder at an issue price of ` 72 per Equity Share.

The Company will not receive any proceeds from the Offer for Sale of 6,10,000 equity shares.

The objects of the Fresh Issue are:
1. Expansion by setting up Manufacturing Unit
2. Working Capital Margin
3. General Corporate Purpose
4. Meeting Public Issue Expenses.

Raw Edge Industrial Solutions IPO Details
Issue OpenJul 5, 2018 - Jul 10, 2018
Issue TypeFixed Price Issue IPO
Issue Size2,291,200 Eq Shares of Rs 10
(aggregating up to Rs 16.50 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 72 Per Equity Share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME

Raw Edge Industrial Solutions IPO Prospectus

Raw Edge Industrial Solutions IPO Rating

27
3.5
Rating:Rated 3.5 stars

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Raw Edge Industrial Solutions IPO Listing Date

  •   ›  Listing Date: Wednesday, July 18, 2018
  •   ›  BSE Script Code: 541634
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE960Z01014
  •   ›  Issue Price: Rs 72 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 72.00
Rs 72.10
Rs 71.80
Rs 72.70
Rs 72.40
59,200

Raw Edge Industrial Solutions IPO Reviews / Ratings

Company Contact Information

Raw Edge Industrial Solutions Ltd
Shop No. 47, Ground Floor,
Citi Mall, New Link Road
Andheri (W), Mumbai -400053
Phone: 91-72269 96805
Fax:
Email: info@rawedge.in
Website: http://www.rawedge.in/

Raw Edge Industrial Solutions IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Raw Edge Industrial Solutions IPO Lead Manager(s)

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Raw Edge Industrial Solutions IPO Review / Comments

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37. Abhishek Shahi  Jul 19, 2018 19:00 I Like It. | Report Abuse Reply
CMP is around issue price
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36. IPOANALYSIS  Jul 18, 2018 12:38 I Like It. | Report Abuse Reply
No reply from company agents Bharat mehta today. Shame on guiness with all flop listing
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35. NafourA  Jul 12, 2018 09:51 I Like It. | Report Abuse Reply
When will be the Allotment date and Listing Date.
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34. Abhishek Shahi  Jul 10, 2018 16:03 I Like It. | Report Abuse Reply
issue subscribed
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33. BharatMehtaa  Jul 6, 2018 14:57 I Like It. | Report Abuse Reply
Nearly 25 percent subscribed already. One of the biggest subscription in recent times.There will definitely be subscription.
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33.1. IPOANALYSIS  Jul 6, 2018 15:01 I Like It. 1 | Report Abuse
hahaha

what a joke.
today Ambani organic opened and is better subscribed than this one and you have opened from 5th and still least subscription with no interest from HNI individual and retailer at all
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33.2. IPOANALYSIS  Jul 10, 2018 14:18 I Like It. 1 | Report Abuse
Wow what a subscription.
i am having tears in my eyes to see the highest ever subscription in the world
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32. Abhishek Shahi  Jul 10, 2018 14:22 I Like It. | Report Abuse Reply
Good comment.
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31. NSEIPO  Jul 10, 2018 12:24 I Like It. | Report Abuse Reply
Hydrated Lime business is in deep trouble now a days. there are several factories in Rajasthan which are either closed or working with there half capacity.
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30. Abhishek Shahi  Jul 10, 2018 11:52 I Like It. | Report Abuse Reply
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      12,800
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      12,800
2      Non Institutional Investors      11,13,600
2(a)      Corporates      3,39,200
2(b)      Individuals (Other than RIIs)      6,60,800
2(c)      Others      1,13,600
3      Retail Individual Investors (RIIs)      3,23,200
3(a)      Cut Off      1,71,200
3(b)      Price Bids      1,52,000
Total      14,49,600
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29. IPOANALYSIS  Jul 7, 2018 01:20 I Like It. 4 | Report Abuse Reply
this stock shuld have been priced between 40-45 rs to leave something for investor
but greed of LM will never go away

at 72 rs its priced at 37 p/e which is way too expensive
even waa solar at 161 rs was priced at 30 p/e which is now lost 60 pc

looks like guiness want to price all shares expesive to chuck out money to maximum.
what a shame. even mainline ipo are not coming at such P/E
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29.1. IPOANALYSIS  Jul 9, 2018 00:21 I Like It. 1 | Report Abuse
Avoid
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28. IPOANALYSIS  Jul 8, 2018 12:02 I Like It. 1 | Report Abuse Reply
Look how Bhavesh who is hired from LM wants to spread rumours . I am talking based on facts and he has not looked at overall record and talk nonsense. just look at some other loser LM which can't accept the fact. Everyone in forum knows who are LM paid agents and which new ones spread rumours
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27. IPOANALYSIS  Jul 6, 2018 15:03 I Like It. 2 | Report Abuse Reply

see how Guiness people have occupied this forum and in such need of money that they have started writing negative things about other issue opened which has better subscription




4. DSinghKnp Jul 3, 2018 4:56:32 PM I Like It. | Report Abuse
approx at what price Ambani Organics IPO will get listed? and is it weighable to apply for it?
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4.1. BharatMehtaa Jul 3, 2018 9:53:46 PM I Like It. | Report Abuse
Have heard it will list at around Rs 60
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27.1. BhaveshK  Jul 6, 2018 16:40 I Like It. 2 | Report Abuse
Seems that you are from the side of Pantomath. As except this LM, in case of majority of rest LMs your comments are negative. You are the one occupying most of the forums with negative comments.

And its very funny that whenever any one comments in favour of the company or any LM or posts his view, you directly relate him with the co/LM and say that person as employee / LM people. Considering this, should we treat you as an employee or person of Pantomath Mr. IPOAnalysis?
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27.2. IPOANALYSIS  Jul 8, 2018 11:55 I Like It. 2 | Report Abuse
Don't u think it nonsense comments no-one is interested in. Have you checked track record of panthomath
Also check last 5 issues too have given returns. Most of multibagger in past too . Panthomath is top in list offcourse and everyone knows abt it except u who is guiness Lead manager and can't accept the fact.
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26. COMMONMAN  Jul 7, 2018 16:59 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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25. Abhishek Shahi  Jul 6, 2018 17:29 I Like It. | Report Abuse Reply
Kisi ki sunne se kuch hoga... na hi comment karne se....apni akal lagao aur fir paisa lagao ..
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25.1. BharatMehtaa  Jul 6, 2018 21:07 I Like It. | Report Abuse
agreed. ... apni akal lagao
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24. Smartlnvestor  Jul 6, 2018 20:00 I Like It. 2 | Report Abuse Reply
Last communication from Registrar Trademark on 30/03/2016 (no newer communication from them after this):

https://ipindiaonline.gov.in/eregister/ShowCorrespondence/ShowCorrespondence.aspx?CRS_NO=WFlaW1xdKionKy4qJ3U4OUVYWVpbXF0=

Source:https://ipindiaonline.gov.in/eregister/eregister.aspx
IRDI: 2569364
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23. IPOANALYSIS  Jul 6, 2018 14:01 I Like It. | Report Abuse Reply
My advice in this market ignore all LM issues except panthomath

Also apply only Panthomath good issues.

Even in such market Pnathomath is able to put its head above water which means least risky LM.

Avoid others
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23.1. KK IPO INVESTER  Jul 6, 2018 16:52 I Like It. | Report Abuse
SIR I ALSO APPLY IN AKSHAR SPINTEX LM PANTOMATH BUT I M IN BIG LOSS CMP 27
ISSUE PRICE 40 LOT 3000
SO WHAT I DO PLZZ ADVICE SIR,?
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23.2. IPOANALYSIS  Jul 6, 2018 18:21 I Like It. | Report Abuse
only good panthomath issues.

Akshar spintex is into spinning yarn business and this business is always risky.

However Panthomath is still the best among all LM.

whenever there is upside in akshar exit switch to good business like oswal seeds, jet freight logistic etc
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22. Mastmoula  Jul 6, 2018 17:06 I Like It. 1 | Report Abuse Reply
The company is having PAT of Rs. 1.33 crore (10 months of FY 2018). Market Capitalisation of the company at issue price would be Rs. 60 crore. Equity Value(Market capitalisation) of the company is 45 times (60 cr./1.33 cr.) of the PAT of 10 months.
Many good SME companies are available at less than 15 times of PAT to Market Capitalisation, then why go for a company 3 times more costly.

The EBIDTA of the company is Rs. 2.50 crore and PAT is Rs. 61 lakh on balance sheet size of Rs. 27 crore in FY 2017 which is not encouraging.
EBIDTA margin is around 5% of revenue in FY 2017 and PE ratio expectation is 37 and PBV is 3+

Even peer comparison is also misleading. None of the companies viz Meghmani Organics, Sanginita and India Gilatine is comparable peer
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21. Abhishek Shahi  Jul 6, 2018 14:06 I Like It. | Report Abuse Reply
issue toh subscribe hona hi hai ... kitna bhi likh lo
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21.1. IPOANALYSIS  Jul 6, 2018 14:37 I Like It. 1 | Report Abuse
yes but the subscription will be forceful where in Lead manager will have to get broker or underwriter to get money.
dheere dheere unke bhi paise khatm hojayenge which will means less ipo sme in future and only quality ones remains

this will do good for new sme as now in future a message has been sent to LM and Underwriter to get lower price as well as retailers will not be taken for granted
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21.2. KK IPO INVESTER  Jul 6, 2018 16:48 I Like It. | Report Abuse
But in retail catagari very low sascribtion
Not fully sascribtion in retail
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20. IPOANALYSIS  Jul 6, 2018 14:43 I Like It. 1 | Report Abuse Reply
Also notice one thing, Raw edge has very less individual and retail
if Corporate has increased which i consider fake category as you never know if they are internal or have technical rejection later

so keep in notice that as well

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19. Ankit Choksi  Jul 6, 2018 13:12 I Like It. | Report Abuse Reply
Out of last 6 IPOs which got listed during April to June of this Lead manager, 4 are above listing price (gain ranging from 2% to 43%) and only 2 are below the same. Once can check the data from open market.
One can understand that its Market and sometimes there can be a temporary downfall in a script. But if company & promoters are good and company has a defined growth path, one can analyse the same and make a long term & smart Investment in that company. Do not go with any negative/ positive comment posted by anyone. Be a wise Investor.
My personal view is that one can Invest in this company with a long term view. Company seems to have a good growth story. Happy Investing…!!!
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19.1. IPOANALYSIS  Jul 6, 2018 13:44 I Like It. 1 | Report Abuse

you will need to check it carefully 5 are down and only 2 are up in last 7 sme for guiness

waa solar 161 now price 63

mmp industries 188 now 188

taylor made 35 now 32

orissa 30 now 40

jhandewa foods 55 now 52

moksh ornaments 37 now 24 rs

angel 27 now 29 rs
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19.2. IPOANALYSIS  Jul 6, 2018 13:45 I Like It. 1 | Report Abuse
which position are you working for in Guiness
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18. IPOANALYSIS  Jul 6, 2018 11:43 I Like It. 3 | Report Abuse Reply
Red Flags

1)Company can face legal obligation as have to convert agriculture land to non agriculture land. paid 46 lakh earnes money

2) Negative cash flow

3) Its offer for sale by selling holders.

4) ligitation against cpompany for non payment of 3 crore 26 lakh most of it towards income tax




Our Company has paid earnest money of Rs. 46.60 Lakhs towards acquisition of land on which our
company proposing to set up manufacturing unit. The Seller is under obligation to convert the said land
from agriculture to non agriculture land.
Our Company has acquired agriculture land at Block No. 186, Village Nana Borsara , District Surat, Sub
District - Mangrol/Panoli and for which earnest money of Rs. 46.60 Lakhs has been paid and balance amount
will be paid to seller in due course of time. Our company is going to set up the manufacturing unit on the said
land. The seller is under obligation to convert the land from agriculture land into non agriculture land. Any
failure on the part of seller's obligation, we are require to identify new location for the proposed object of setting
up the manufacturing unit, as a result our schedule of implementation may delay to that extent.


There are no long term supply agreements for the supply with our vendors/suppliers. Our Business may
be adversely affected if there is any disruption in the raw material supply or due to non-availability of raw
material.


There are outstanding litigations by and against our Company which if determined against us, could
adversely impact financial conditions.
There are outstanding litigations by and against our Company. The summary details of this legal proceeding are
given below in the following table:
Particular Nature of cases No of
outstanding
cases
Penalty Amount
involved
(` in lacs)
Litigation against
Promoter
Income Tax 1 13.77
Litigation against
Company
VAT (Gujarat Commercial Tax
Department)
1 37.63
Litigation against group
companies
Income Tax 2 320.89

1.We have unsecured loans from directors and relatives of directors, which are repayable on demand. Any
demand from lenders for repayment of such unsecured loans, may adversely affect our business
operations.
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