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Raj Oil Mills Limited IPO (Raj Oil Mills IPO) Detail

July 20, 2009 - July 23, 2009

Raj Oil Mills IPO is a book built issue of Rs 114.00 crores.

Raj Oil Mills IPO bidding started from July 20, 2009 and ended on July 23, 2009. The shares got listed on BSE, NSE on August 12, 2009.

Raj Oil Mills IPO price band is set at ₹100 to ₹120 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Karvy Investor Services Limited and Pl Capital Markets Private Limited are the book running lead managers of the Raj Oil Mills IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Raj Oil Mills IPO RHP for detailed information.

Raj Oil Mills IPO Details

IPO Date July 20, 2009 to July 23, 2009
Listing Date August 12, 2009
Face Value ₹10 per share
Price Band ₹100 to ₹120 per share
Lot Size 50 Shares
Total Issue Size9,500,000 shares
(aggregating up to ₹114.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Raj Oil Mills IPO Reservation

Raj Oil Mills IPO offers 9,500,000 shares. 4,750,000 (50.00%) to QIB, 1,425,000 (15.00%) to NII, 3,325,000 (35.00%) to RII. 66,500 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,700 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,750,000 (50.00%)NA
NII (HNI) Shares Offered1,425,000 (15.00%)
Retail Shares Offered3,325,000 (35.00%)66,500
Total Shares Offered9,500,000 (100%)

Raj Oil Mills IPO Lot Size

Investors can bid for a minimum of 50 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 50 ₹6,000
Retail (Max) 33 1650 ₹198,000
Lot Size Calculator

About Raj Oil Mills Limited

Incorporated in 2001, Raj Oil Mills Ltd is in the business of manufacturing and processing of coconut, groundnut, mustard, and soya bean oil. Raj Oil Mills is the oldest (founded in 1943) and the most successful oil production company in India. Company's products are sold under three brands i.e �Cocoraj�, �Guinea� and �Raj�. These brands are in existence for more than 5 decades.

At present, Raj Oil Mills is engaged in the business of Crushing and Oil Filtration with a capacity of 5000 TPA and 30000 TPA respectively. Company have products under the following brands:

1. Cocoraj (Coconut Oil)
2. Cocoraj Cool (Ayurvedic Oil)
3. Guinea Groundnut Oil (Double Filtered Oil)
4. Guinea Lite Groundnut Oil (Refined Oil)
5. Guinea Lite Sunflower Oil (Refined Oil)
6. Guinea Lite Cottonseed Oil (Refined Oil)
7. Guinea Lite Soyabean Oil (Refined Oil)
8. Tilraj Til Oil
9. Mustraj Mustard Oil
10. Cocoraj Jasmine

Objects of the Issue (Raj Oil Mills IPO Objectives)

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
  1. For setting up of facilities at Manor, district Thane;

    • Refinery of 200 TPD which can process Sunflower, Soyabean, Groundnut, Palm, Cotton Seed oils.

    • Crushing unit of 200 TPD for Groundnut and Copra.

    • Palm Fractionation unit of 100 TPD and Vanaspati Ghee of 50 TPD.

    • Ayurvedic and Cosmetic unit of 5 TPD.

    • In house Blow Moulding Plant for PET Bottles.

  2. For setting up of Crushing unit of 200 TPD for Sesame and Mustard at Bagru, district Jaipur;

  3. To meet margin money for Working Capital Requirements;

  4. For Brand Promotion and Expansion of Marketing & Distribution Network;

  5. For setting up of Research and Development facilities;

  6. Issue Related Expenses & get the shares listed on the Stock Exchanges.

Raj Oil Mills IPO Subscription Status (Bidding Detail)

The Raj Oil Mills IPO is subscribed 1.24 times on July 23, 2009 5:00:00 PM. The public issue subscribed 0.77 times in the retail category, 0.75 times in the QIB category, and 3.98 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Raj Oil Mills Ltd IPO Grading / Rating

ICRA has assigned an IPO Grade 2 to Raj Oil Mills Ltd IPO. This means as per ICRA, company has Below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong .Link to download Care rating document.

Raj Oil Mills IPO Prospectus

Raj Oil Mills IPO Rating

Rating:Rated 3.3 stars
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Raj Oil Mills IPO Listing Details

Listing Date August 12, 2009
BSE Script Code 533093
ISIN INE294G01018
Final Issue Price ₹120 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Raj Oil Mills Limited Contact Details

Raj Oil Mills Limited
Raj Oil Mills Ltd,
224 - 230, Bellasis Road,
Mumbai - 400 008.
Phone: + 91-22-23021996 � 98

Raj Oil Mills IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Raj Oil Mills IPO - Buy or Not

Raj Oil Mills IPO Recommendation Summary

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Raj Oil Mills IPO FAQs

Raj Oil Mills IPO is a main-board IPO of 9,500,000 equity shares of the face value of ₹10 aggregating up to ₹114.00 Crores. The issue is priced at ₹100 to ₹120 per share. The minimum order quantity is 50 Shares.

The IPO opens on July 20, 2009, and closes on July 23, 2009.

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

The Raj Oil Mills IPO opens on July 20, 2009 and closes on July 23, 2009.

Raj Oil Mills IPO lot size is 50 Shares, and the minimum amount required is ₹6,000.

You can apply in Raj Oil Mills 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 Raj Oil Mills IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raj Oil Mills IPO allotment status.

The Raj Oil Mills IPO listing date is on August 12, 2009.
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Raj Oil Mills IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



177. Ravi, Bangalore |   Link |October 6, 2009 7:12:25 PM
Its medium-term target appears to be 11% of 133.5 (life-high) = Rs.14.7.

For more details about how I arrived for that price, carefully read the following: -

The 8-Year Cycle and its implications

The Sensex is assumed to be under a larger 8-year cycle ever since its birth. 1984 was the beginning of 8-year long bull-run till '1992.

The next two important turning points occurred exactly 8 years thereafter, in '1992 and '2000. Both these turning points were marked by stock market scams, because of which the leaders of the rally had extremely difficult time later. For example, ACC, the leading stock of '1992 bull market, remained below its highs till end of '2004. Similarly, the IT stocks, which were leaders of '2000 rally, lost as much as 90% of their top valuations by the year '2003, and most are below their top levels even today.

Last year, we were sitting on this very important cycle, which therefore, threw up similar possibilities.

Remember, every 8 years, market does see a deep cut in valuations. In the previous 8-year cycle top during ‘1992-93, Sensex lost 56% from 4546 to 1980. In the next cycle top, the cut was almost 58% from 6150 in ‘2000 to 2594 in ‘2001. Time-wise, ‘1992 cycle completed the bear phase in 12-16 months, while the ‘2000 cycle took 19 months only to hit the low, which was then followed by 19 months of base formation before bull phase could begin again.

Accordingly, it is targeted sub-10k levels for Sensex price-wise, and a minimum of 13 months into bear phase time-wise. Index achieved the forecast price/time targets.
176. rama |   Link |August 24, 2009 5:27:24 PM
at Rs 70-80 range i think one can buy raj oil.
175. CA NITIN |   Link |August 20, 2009 1:33:03 AM
Dear Frnds

look at the msg posted by PRAKASHIPO

176. prakashipo
Apply Jindal Cotex. This is really a multibagger. Will list minimum @Rs.175-180. This is my challange. Recover losses if any from Raj Oil & enjoy. prakashipo

So finally he accepted that peopls suffered losses in this IPO.
U all aware that he suggested to puchase this IPO ......

174. prakashipo |   Link |August 19, 2009 10:13:41 PM
Apply Jindal Cotex. This is really a multibagger. Will list minimum @Rs.175-180. This is my challange. Recover losses if any from Raj Oil & enjoy. prakashipo.
173. prakashipo |   Link |August 19, 2009 5:51:15 PM

172. Ganesh |   Link |August 19, 2009 4:19:29 PM





171. prakashipo |   Link |August 19, 2009 1:40:11 PM
170. PRAKASH KA BAAP |   Link |August 19, 2009 1:46:53 AM
169. ashish |   Link |August 19, 2009 1:11:40 AM
Baap re,
yaha se bhagna padega.
ye prakashipo really nihayati ghutiya aadmi hein..
pata nahi kya sikhsha di hein iske maa baap ne.
no idea ye kiska bacha hein.
bye addmi reaaly gund macha raha hein...
168. Ashish |   Link |August 19, 2009 12:05:09 AM
Mere Bhaiyo,
meri maano...ab raj oil se nikalo...aur kai saare naye IPOs aagaye hein..unpe dhyaan dete hein
sabko sanmati de bhugwaan
167. CA NITIN |   Link |August 18, 2009 11:46:01 PM
Mr Prakashipo

You should feel shame on ur behaviour & words using in this blog.

You should also feel shame that u promised to not come here again......and u came back again.

Thodi to sarm karo.....
166. anthony |   Link |August 18, 2009 10:04:59 PM
ye prakashipo phir tapka. abhi ise kya kare, My friend Vishy, CA NITIN, Bhosale isko hamare kolkatta ke pagal khane me dalu ya mumbaik ke jaslok me dalu, iske valuable suggestion se bach ke rahena. nahi to tum sub barbad ho jaoge. jab bachha ratko rota hai too ma kahti hai , so ja bete (gabbar) nahi prakashipo aa jayega.
165. Ashish |   Link |August 18, 2009 7:17:15 PM
Prakash JI,
Koi aapke suggestions ko galat nahi bol raha.
Positive views and negative views to hone hi chahiye.
Actually the problem is AAPKI should use respectable language..apun sub yaha bur healthy discussion ke liye hein..we should respect each other.
Aap aur baaki sub log apne views do...jinko manna hein vo manenge...jinko nahi...vo bhi unki murzi.
but every1 should use good language and respect each other.
lado mut yaaro yaha pe...dhung se bat karo...sub acha hi hoga
164. prakashipo |   Link |August 18, 2009 7:01:29 PM
mr anthony mr dishhhy mr bhonsle raaj oil ke ipo main sabne paisa kamaya agar aap bhav aane par bhi maal nahin bechte hai uske liye koi jimmedar nahin full and firm allotment 800 shares 10-30 baje tak 126 ke average masin 5000 ka return ho gaya aur kya haathi ghora chhahihe , boarders i havenot given any apology see my codi is prakashipo but mr anthony mr jamin have written PRAKASHIPO AND TENDERED APOLOGY AS A MATTER OF FACT I HAV DECIDED THAT I WILL AGAIN COME TO THIS SITE AND GIV U MY VALAUBLE SUGGESTION
163. CA NITIN |   Link |August 18, 2009 12:54:50 PM

I am from Raipur

162. IPOIPO |   Link |August 17, 2009 10:58:07 PM
Investor be ware. As stock has broken pychological barrier, hence no price can be proteted. Bear can argue why it should not get traded at 3 to 5 PE. Means 30 to 50Rs. level. I am not saying it may reach that, but this is mkt u never know.
161. Anthony |   Link |August 17, 2009 10:21:25 PM
Switch to Zylog, Cairn, JSW Steel,G E Shipping or Rolta. Kic the stock of Raj immediately. Kay Prakash IPO thik hai ki nahi: Anthony
160. Ramesh |   Link |August 17, 2009 10:12:24 PM
Whats the support level for this. I bought at 130. Is the risk getting lower as it has already come down by 30%. If I am exiting now, I must recover the losses through some other stock. I can hold on for say 3 months thinking that company to announce some good news. If you suggest switching which stock is good now?
159. Anthony |   Link |August 17, 2009 9:56:20 PM
Aare mere prakash IPO ko bachao,50 peti ko duub gaya hai.Ambulance bulalo.Good night CA NITIN.
158. rama |   Link |August 17, 2009 4:35:18 PM
Hi All,
Please see my suggestion. I told to sell even at 100. Now it is at Rs 90. Dont invest in such stocks in future.