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.
Promoters of the company are:
1. Mr. Sunder Lal Dugar
2. Mr. Vinod Dugar
3. Ms. Sheetal Dugar
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.
»» Issue Open: Sep 21, 2011 - Sep 23, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 4,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 35.55 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 72 - Rs. 79 Per Equity Share
»» Market Lot: 80 Shares
»» Minimum Order Quantity: 80 Shares
»» Listing At: BSE
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
Check IPO Ratings from other stock analysts.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||2,250,000||675,000||1,575,000||4,500,000|
|Day 1 - Sep 21, 2011 17:00 IST||0.0000||0.0000||0.0900||0.0300|
|Day 2 - Sep 22, 2011 17:00 IST||0.0000||0.0000||0.2300||0.0800|
|Day 3 - Sep 23, 2011 17:00 IST||0.0000||0.7500||3.9600||1.5000|
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