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Rachana Infrastructure IPO is a fixed price issue of Rs 76.28 crores. The issue is a combination of fresh issue of 28.25 lakh shares aggregating to Rs 38.14 crores and offer for sale of 28.25 lakh shares aggregating to Rs 38.14 crores.
Rachana Infrastructure IPO bidding started from May 20, 2022 and ended on June 2, 2022. The shares got listed on NSE SME on June 10, 2022.
Rachana Infrastructure IPO price is ₹135 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Interactive Financial Services Ltd is the book running lead manager of the Rachana Infrastructure IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Rachana Infrastructure IPO RHP for detailed information.
| IPO Date | May 20, 2022 to June 2, 2022 |
| Listing Date | June 10, 2022 |
| Face Value | ₹10 per share |
| Price | ₹135 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 5,650,000 shares (aggregating up to ₹76.28 Cr) |
| Fresh Issue | 2,825,000 shares (aggregating up to ₹38.14 Cr) |
| Offer for Sale | 2,825,000 shares of ₹10 (aggregating up to ₹38.14 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 284,000 shares |
Rachana Infrastructure IPO offers 5,650,000 shares. 2,683,000 (47.49%) to NII, 2,683,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 284,000 (5.03%) |
| Other Shares Offered | 2,683,000 (47.49%) |
| Retail Shares Offered | 2,683,000 (47.49%) |
| Total Shares Offered | 5,650,000 (100%) |
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 | ₹135,000 |
| Retail (Max) | 1 | 1000 | ₹135,000 |
| Lot Size Calculator | |||
Mr. Girishkumar Raval and Mrs. Bhaminiben Mehta are the company promoters.
| Share Holding Pre Issue | 83.44% |
| Share Holding Post Issue |
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
| 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 | |
The market capitalization of Rachana Infrastructure IPO is Rs 256.75 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 138 |
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.
[Dilip Davda] 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...
The Rachana Infrastructure IPO is subscribed 1.21 times on June 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.82 |
| Retail | 0.60 |
| Total | 1.21 |
| Listing Date | June 10, 2022 |
| BSE Script Code | |
| NSE Symbol | RILINFRA |
| ISIN | INE02OY01016 |
| Final Issue Price | ₹135 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹135.00 |
| ₹138.00 |
| ₹138.00 |
| ₹140.00 |
| ₹138.55 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 June 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
Visit Zerodha IPO Application Process Review for more detail.
The Rachana Infrastructure IPO opens on May 20, 2022 and closes on June 2, 2022.
Rachana Infrastructure IPO lot size is 1000 Shares, and the minimum amount required is ₹135,000.
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, Nuvama, 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.
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