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.

Rachana Infrastructure IPO Details

IPO Date May 20, 2022 to Jun 2, 2022
Listing Date Jun 10, 2022
Face Value ₹10 per share
Price ₹135 per share
Lot Size 1000 Shares
Total Issue Size5,650,000 shares
(aggregating up to ₹76.28 Cr)
Fresh Issue2,825,000 shares
(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

Rachana Infrastructure IPO Reservation

Other Shares Offered2,683,000 (50.00%)
Retail Shares Offered2,683,000 (50.00%)
Market Maker portion284,000 shares
Total Shares Offered5,366,000

Rachana Infrastructure IPO Lot Size

The Rachana Infrastructure IPO lot size is 1000 shares.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹135,000
Retail (Max) 1 1000 ₹135,000
Lot Size Calculator

Rachana Infrastructure IPO Promoter Holding

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

Pre Issue Share Holding 83.44%
Post Issue Share Holding

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)

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

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 (Avoid)

[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...

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 Prospectus

Rachana Infrastructure IPO Rating

Rating:Rated 2.7 stars
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Rachana Infrastructure IPO Listing Details

Listing Date Jun 10, 2022
BSE Script Code
Final Issue Price ₹135 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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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: https://www.bigshareonline.com/

Rachana Infrastructure IPO Analysis

Rachana Infrastructure IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 6

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SME IPO Enquiry

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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, 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.

The Rachana Infrastructure IPO listing date is on Jun 10, 2022.
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Rachana Infrastructure IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



43. Trueinfo |   Link |Jun 24, 2022 2:48:40 PM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
20% UC in Rachna. CMP 212.5 against issue price 135. Already more than 57% Up and still counting. What a hidden gem it turned out to be.
42. Trueinfo |   Link |Jun 15, 2022 7:39:12 AM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Rachna has proved everyone wrong. CMP continuously maintaining above issue price even in market blood bath. Any lesson? Some of us were expecting even 50% downside.
41. Ravu |   Link |Jun 10, 2022 10:29:31 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Don't get into trap... merely 3% got traded.

41.1. Avenue |   Link |Jun 10, 2022 10:59:14 AM
Yes only 3%
but Interesting study.
offer qty 12000, bid qty 350000 out of which 227000 @ 138-138.05...
But even I suspect trend reversing soon...
40. Trueinfo |   Link |Jun 10, 2022 10:17:32 AM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Surprisingly listed positive. Congratulations to all who invested.
39. Trueinfo |   Link |Jun 9, 2022 5:17:20 PM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Listing estimate?
39.1. Psingal |   Link |Jun 9, 2022 5:33:40 PM
At par?
38. RAKA GANGAPUR |   Link |Jun 7, 2022 6:12:58 PM
37. Ravu |   Link |Jun 3, 2022 12:55:50 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I think listing will be interesting .....
LM already have a record of 47.5 % discount
37.1. Trueinfo |   Link |Jun 4, 2022 4:00:49 PM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Listing may surprise both ways! Operator will play massive game.
36. IPO Gyaaan |   Link |Jun 2, 2022 2:00:23 PM (200+ Posts)
Interestingly QIB has subscribed 7,40,000 shares. what they found ?
36.1. Takamichi |   Link |Jun 2, 2022 3:08:28 PM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
They don't have their money to loose
35. AMIT IND |   Link |May 31, 2022 11:59:40 PM
This will sail through that's for sure.
35.1. Ravu |   Link |Jun 1, 2022 1:18:54 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Promoter need to arrange fund for that and most likely on top of OFS fund.
35.2. Trueinfo |   Link |Jun 2, 2022 11:59:09 AM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Almost through! Just in the name of IPO, they will manage to collect 76 crores from public. Jai SME IPO!
34. Trueinfo |   Link |May 31, 2022 3:10:23 PM
IPO Guru IPO Guru (1300+ Posts, 1500+ Likes)
Yeh bhi bhar hi jayega, lagta hai. Kal se almost double ho gaya hai.
34.1. IProfitO |   Link |May 31, 2022 4:46:10 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Created a perfect trap after extension .Either the subscription is fake or promotors itself subscribing just to get it sailed through.it will open at least with 50 percent discount.
33. GOEL STOCK LINK |   Link |May 30, 2022 8:26:57 AM
32. GPB |   Link |May 27, 2022 4:14:59 PM
If price is 35 then we may consider. otherwise skip this one
32.1. BINOD DALMIA |   Link |May 28, 2022 2:19:18 PM
Wait for a month you Will get the shares at your own price
31. Noorul |   Link |May 27, 2022 1:10:55 PM
My offer price is 3 lakh for 50 % equity.. 😝
31.1. GJ 😀 |   Link |May 27, 2022 5:23:57 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Good one, Shark Tank India.

I will match your offer. Do you want to join? 😂
31.2. ValueSeeker |   Link |May 31, 2022 11:38:57 AM (200+ Posts)
So we have both the future 50-50 promoters among our chittorgarh members! ;-D
30. Small Investor |   Link |May 27, 2022 12:14:39 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
इस समय महंगाई इतनी ज्यादा है की पूछो ही मत इसलिए भोले भले निवेशक और नए निवेशकों को इस तरह के आईपीओ से दूर रहना चाहिए क्योकि SME एक ऐसा प्लेटफॉर्म है जहां शेयर्स की कीमत एक झटके में खत्म हो जाती है और शेयर्स कम कीमत पर भी बेचना चाहिए तो नहीं बिक पाते है क्योकि यहां सब अपने कागजी शेयर्स बेचने आते है
आखिर सेबी को इस टाइप के आईपीओ और लीड मैनेजर्स पर एक्शन लेना चाहिए ताकि किसी की मेहनत की कमाई कोई न लूट सके
मेरे खुद के कुछ समे स्टॉक है जो साले गायब हो चुके है प्लेटफॉर्म से ही जैसे
पावरफुल टेकनोलोजी ,बंसल मल्टीफ्लेक्स ,करतुरी,ग्लेम फैब , बोहरा ,कॉक्स किंग्स
जीनाम ड्रेस ने भी 55 से निचे फेंका है और आज ट्रेडिंग ही बंद हो गयी है
29. Chalak investor |   Link |May 26, 2022 7:38:13 PM
I am from Ahmedabad.
I have not heard name of this company.
So investor beware as asking price is not in line with financials of the company.
Save your hard earned money.
Total avoid even at revised price.
28. sundeep sharma |   Link |May 26, 2022 6:05:40 PM
aisa hi ipo pahle bhi aaya tha, sbl infra. usme bhi date extension tha, usme bhi price revision tha. investor ka 50% paisa dubo diya tha, price 111 se 40 tak gaya, ab price 70 ke aas pass hai. seller asking for 70 rs and buyer offer 55 rs. and only 2 or 3 buyers. so be careful with your investment, shriram properties bhi 125 se 60 ke aas pass ghum raha hai, and sonu infra aap sab jante hi hai. so all the best
27. AAvi |   Link |May 26, 2022 10:51:15 AM
Respected Seniors
I am new to this field and forum.
May I request some clarification as to why KN Agri stock going down inspite of excellent Mar 22 results. In fact downward journey started from the day of result.
27.2. AAvi |   Link |May 26, 2022 4:29:34 PM
Went through the news and tried to understand. It says 2 mm MT for next two fiscal years.
So it appears slow pace for these stocks till that time.........
27.3. Dinesh Singh |   Link |May 26, 2022 4:44:43 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
you got it correctly.
26. TSG |   Link |May 26, 2022 12:28:21 PM
Blessing in disguise for retailers to withdraw due to time extension
25. Dilip Davda |   Link |May 26, 2022 8:44:26 AM
Though RIL has lowered the price of shares by Rs. 3 to Rs. 135 per share and extended the issue closure till June 02, 2022, it is still not worth a look. Keep away from such pricy IPOs.

Dilip Davda
SEBI registered Research Analyst

Read my IPO Reviews

25.2. svh |   Link |May 26, 2022 10:54:19 AM
IPO Guru IPO Guru (1500+ Posts, 2700+ Likes)
After SBL Infra , another infra whose date postponed/extended and price revised.
25.3. NaveenM |   Link |May 26, 2022 11:46:26 AM
Fully agree with you. It's not worth.
24. Noorul |   Link |May 25, 2022 6:17:33 PM
Rachana infrastructure is coming in next session of Shark tank.. 🦈
24.1. IProfitO |   Link |May 25, 2022 8:49:26 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
This fraud LM will come with a different strategy next time :)
24.2. Dinesh Singh |   Link |May 25, 2022 11:14:22 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
This LM is gone now.