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Rajeshwari Cans Limited IPO (Rajeshwari Cans IPO) Detail

March 31, 2021 - April 6, 2021

Rajeshwari Cans IPO is a fixed price issue of Rs 4.03 crores.

Rajeshwari Cans IPO bidding started from March 31, 2021 and ended on April 6, 2021. The allotment for Rajeshwari Cans IPO was finalized on Friday, April 9, 2021. The shares got listed on BSE SME on April 15, 2021.

Rajeshwari Cans IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Rajeshwari Cans IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Rajeshwari Cans IPO RHP for detailed information.

Rajeshwari Cans IPO Details

IPO Date March 31, 2021 to April 6, 2021
Listing Date April 15, 2021
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size2,016,000 shares
(aggregating up to ₹4.03 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion108,000 shares

Rajeshwari Cans IPO Reservation

Rajeshwari Cans IPO offers 2,016,000 shares. 954,000 (47.32%) to NII, 954,000 (47.32%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered108,000 (5.36%)
Other Shares Offered954,000 (47.32%)
Retail Shares Offered954,000 (47.32%)
Total Shares Offered2,016,000 (100%)

Rajeshwari Cans IPO Timeline (Tentative Schedule)

Rajeshwari Cans IPO opens on March 31, 2021, and closes on April 6, 2021.

IPO Open Date Wednesday, March 31, 2021
IPO Close Date Tuesday, April 6, 2021
Basis of Allotment Friday, April 9, 2021
Initiation of Refunds Monday, April 12, 2021
Credit of Shares to Demat Tuesday, April 13, 2021
Listing Date Thursday, April 15, 2021
Cut-off time for UPI mandate confirmation 5 PM on April 6, 2021

Rajeshwari Cans IPO Lot Size

Investors can bid for a minimum of 6000 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 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

Rajeshwari Cans IPO Promoter Holding

Bharatkumar Vora, Harshad Kumar Vora, Siddharth Vora, and Pratik Vora are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 61.71%

About Rajeshwari Cans Limited

Incorporated in 2013, Rajeshwari Cans Limited is primarily engaged in the business of manufacturing round-printed tin containers of different sizes for packing material and also performs printing work on it. The company supplies its tin containers to tobacco manufacturers and paint companies. It manufactures 50 gm to 500 gm containers for the packing of tobacco material and up to 5 liters of containers for the paint industry.

It has a manufacturing unit at Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate where it carries out all of the manufacturing activities.

Competitive strengths

  • High-quality tin containers of different sizes.
  • Highly experienced promoters.
  • Strategically located manufacturing unit.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1,234.96 1,322.08 1,160.95
Total Revenue 2,209.73 2,132.33 1,849.64
Profit After Tax 18.69 15.75 11.21

Objects of the Issue (Rajeshwari Cans IPO Objectives)

  • Meeting incremental working capital requirement of the business.
  • General corporate purposes.

Rajeshwari Cans IPO Review (May apply)

[Dilip Davda]  IPO pricing reduced to half from its original proposal augurs well for the investors, however, this also raises eyebrows as to how it mulled a sudden nose-dive in the pricing of IPO. Based on FY21 annualized earnings, the issue is priced aggressively at a P/E of 62, whereas on the basis of the last three years’ average, it is at a P/E of 23 and on the basis of FY20, the asking price is at a P/E of 55. Though it posted slow and steady growth in the last three fiscals, 50% reduction in the iPO price still makes it a highly-priced offer. Considering this, cash surplus – risk savvy investors may consider investment at their own risks. Read detail review...

Rajeshwari Cans IPO Subscription Status (Bidding Detail)

The Rajeshwari Cans IPO is subscribed 1.40 times on April 6, 2021 6:49:00 AM. The public issue subscribed 1.19 times in the retail category, times in the QIB category, and 1.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Rajeshwari Cans IPO Prospectus

Rajeshwari Cans IPO Rating

Rating:Rated 2.9 stars
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Rajeshwari Cans IPO Listing Details

Listing Date April 15, 2021
BSE Script Code 543285
NSE Symbol
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Rajeshwari Cans Limited Contact Details

Rajeshwari Cans Limited
96, Mahagujarat, Industrial Estate, Moraiya
Ta: Sanand, Ahmedabad -382210

Phone: 079-29796584

Rajeshwari Cans IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Rajeshwari Cans IPO - Buy or Not

Rajeshwari Cans IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Rajeshwari Cans IPO FAQs

Rajeshwari Cans IPO is a SME IPO of 2,016,000 equity shares of the face value of ₹10 aggregating up to ₹4.03 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on March 31, 2021, and closes on April 6, 2021.

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

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

Steps to apply in Rajeshwari Cans 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 'Rajeshwari Cans 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 Rajeshwari Cans IPO opens on March 31, 2021 and closes on April 6, 2021.

Rajeshwari Cans IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in Rajeshwari Cans 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 Rajeshwari Cans IPO will be done on Friday, April 9, 2021, and the allotted shares will be credited to your demat account by Tuesday, April 13, 2021. Check the Rajeshwari Cans IPO allotment status.

The Rajeshwari Cans IPO listing date is on April 15, 2021.
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Rajeshwari Cans IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



9. IPOANALYSIS |   Link |April 5, 2021 11:27:36 AM
Ab company paisa Kahan se jutayegi. Lead manager bechara ab apna paise dalo. Jaise Kaha tha it''s a 2 rs stock.better donate money than apply this
8. IPOANALYSIS |   Link |April 5, 2021 2:14:53 AM
Rajeswari cans and Jetmall spices . These 2 companies appear to have just come to collect public money and find few bakras only 300 will do their task. Their is no vision and appear the worst in 2021 list. Wonder why SEBi allow such lead manager to allow raise money for the company. The real motive appear just to get public money and enjoy their life.
7. IPOANALYSIS |   Link |March 31, 2021 4:30:27 PM
Lagta hai fake 30 application applied from relative side only
6. IPOANALYSIS |   Link |March 29, 2021 2:58:44 AM
Please avoid . It''s fair value not more than 2 Rs
5. KDKing🤴 |   Link |March 28, 2021 11:14:51 AM
This CAN company CAN loot you..
5.1. Deepakkumar |   Link |March 28, 2021 3:54:13 PM (200+ Posts)
Good one. Ha ha
4. IPOANALYSIS |   Link |March 24, 2021 11:46:06 AM
Even worse than mahip industries..mahip industry Ahmedabad based packaging company . This one will erode atleast 90 pc of investor wealth in next 1 year.
3. iamnimitshah |   Link |March 23, 2021 6:50:59 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
@Admins In DHRP, the issue price is 40Rs whereas you have mentioned issue price as 20Rs . Can you please check?
3.1. Team |   Link |March 23, 2021 8:37:05 PM
IPO Mentor IPO Mentor (900 Posts, 1300+ Likes)
Dear Sir,

We checked with the lead manager. The correct issue price is Rs 20 and lot size is 6000.

The RHP will have updated information.

Thank you,
Admin @

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3.2. iamnimitshah |   Link |March 23, 2021 8:49:29 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
got it.. Thank you Team Chittorgarh..
2. IPOANALYSIS |   Link |March 23, 2021 1:11:46 PM
After mahip industries another disaster company in packaging sector. Please avoid these company from Ahmedabad.
2.1. Deepakkumar |   Link |March 23, 2021 3:12:20 PM (200+ Posts)
True, buy extra lens for companies based in Gujarat.
1. IPOANALYSIS |   Link |March 23, 2021 1:15:17 PM
Mark my words in 1 year this company will be below 1 rs price. It has surpassed and should be aware thie worst ever SME IPO in history of India .