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Rachana Infrastructure Limited IPO (Rachana Infrastructure IPO) Detail

May 20, 2022 - Jun 2, 2022

Rachana Infrastructure Limited offers infrastructure and civil construction services. Rachana Infrastructure is a mid-size private sector company engaged in the business of construction of roads and highways, irrigation, hydropower project and mining and pipeline construction. Rachana Infrastructure Limited is expanding business in the other states of India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.

The roads project that the company has executed are MPRDC- ADB Loan IV, OPAL Petrochemical Refinery Road work at Dajeh SEZ, C.C Road Construction for MP PWD and Vadodara-Mumbai 6 Lane Highway.

Rachana Infrastructure Limited has an in-house integrated system and machinery for all stages of mining, right from Mining/Extraction of raw material from the mine up to Crushing and Finished Production of Black Trap Stone Aggregate.

Competitive Strength

  • Leading Road-focused BOQ and EPC Contractor.
  • Management and an integrated in-house project team with strong execution capabilities and extensive industry experience.
  • Visible growth through a robust order book.

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Lakhs)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 8,784.50 8,043.07 10,618.21 7,981.82
Total Revenue 4,171.07 10,705.67 15,840.55 11,393.32
Profit After Tax 139.85 455.31 597.13 466.45

Objects of the Issue

The company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Repayment of Secured Loans.

2. Working capital requirement.

3. General Corporate Purpose.

4. Meeting Public Issue Expenses.

Rachana Infrastructure IPO Details

Rachana Infrastructure IPO Date May 20, 2022 to Jun 2, 2022
Rachana Infrastructure IPO Face Value ₹10 per share
Rachana Infrastructure IPO Price ₹135 per share
Rachana Infrastructure IPO Lot Size 1000 Shares
Issue Size5,650,000 shares of ₹10
(aggregating up to ₹76.28 Cr)
Fresh Issue2,825,000 shares of ₹10
(aggregating up to ₹38.14 Cr)
Offer for Sale2,825,000 shares of ₹10
(aggregating up to ₹38.14 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Girishkumar Raval and Mrs. Bhaminiben Mehta are the company promoters.

Rachana Infrastructure IPO Lot Size

The Rachana Infrastructure IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹135,000).

Application Lots Shares Amount
Minimum 1 1000 ₹135,000
Maximum 1 1000 ₹135,000

Rachana Infrastructure IPO Promoter Holding

Pre Issue Share Holding 83.44%
Post Issue Share Holding

IPO Notices

External Link

Rachana Infrastructure Limited issue extended upto 02 June, 2022. Price has been revised from 138 to Rs. 135 per share Post issue modification date has been revised to 03 June, 2022.

Rachana Infrastructure IPO Review

RIL is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on its latest financial performance, the issue is exorbitantly priced. There is no harm in skipping this pricy bet. Read detail review...


Rachana Infrastructure IPO Subscription Status (Bidding Detail)

The Rachana Infrastructure IPO is subscribed 1.21 times on Jun 2, 2022 5:00:00 PM. The public issue subscribed 0.60 times in the retail category, times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.82
Retail0.60
Total1.21

Rachana Infrastructure IPO Prospectus

Rachana Infrastructure IPO Rating

92
2.7
Rating:Rated 2.7 stars
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Rachana Infrastructure IPO Listing Date

Listing Date Friday, June 10, 2022
BSE Script Code
NSE Symbol RILINFRA
Listing In ST Group of Securities
ISIN INE02OY01016
IPO Price ₹135 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹135.00
Open: ₹138.00
Low: ₹138.00
High: ₹140.00
Last Trade: ₹138.55

Company Contact Information

Rachana Infrastructure Limited
404, 405, 4th Floor,
Angel Complex, Nr. Income Tax Railway Crossing,
Nr. Oassis Hotel, Navrangpura, Ahmedabad - 380009
Phone: 079 - 26560327
Email: info@rachanainfra.com
Website: https://rachanainfra.com/

Rachana Infrastructure IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Rachana Infrastructure IPO Review

Rachana Infrastructure IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 6

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IPO Broker Recommendations

Rachana Infrastructure IPO FAQs

Rachana Infrastructure IPO is a SME IPO of 5,650,000 equity shares of the face value of ₹10 aggregating up to ₹76.28 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000 Shares.

The IPO opens on May 20, 2022, and closes on Jun 2, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Rachana Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Rachana Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Rachana Infrastructure IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Rachana Infrastructure IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Rachana Infrastructure IPO opens on May 20, 2022 and closes on Jun 2, 2022.

Rachana Infrastructure IPO lot size is 1000 Shares and the minimum order quantity is .

You can apply in Rachana Infrastructure 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Rachana Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rachana Infrastructure IPO allotment status.

The Rachana Infrastructure IPO listing date is on Friday, June 10, 2022.
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