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Rajnish Wellness Limited IPO (Rajnish Wellness IPO) Detail

June 25, 2018 - June 29, 2018

Rajnish Wellness IPO is a fixed price issue of Rs 11.98 crores.

Rajnish Wellness IPO bidding started from June 25, 2018 and ended on June 29, 2018. The shares got listed on BSE SME on July 9, 2018.

Rajnish Wellness IPO price is ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000.

Navigant Corporate Advisors Ltd is the book running lead manager of the Rajnish Wellness IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Rajnish Wellness IPO RHP for detailed information.

Rajnish Wellness IPO Details

IPO Date June 25, 2018 to June 29, 2018
Listing Date July 9, 2018
Face Value ₹10 per share
Price ₹95 per share
Lot Size 1200 Shares
Total Issue Size1,261,200 shares
(aggregating up to ₹11.98 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion63,600 shares

Rajnish Wellness IPO Reservation

Rajnish Wellness IPO offers 1,261,200 shares. 598,800 (47.48%) to NII, 598,800 (47.48%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered63,600 (5.04%)
Other Shares Offered598,800 (47.48%)
Retail Shares Offered598,800 (47.48%)
Other Shares Offered63,600 (5.04%)
Total Shares Offered1,261,200 (100%)

Rajnish Wellness IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹114,000
Retail (Max) 1 1200 ₹114,000
Lot Size Calculator

About Rajnish Wellness Limited

Incorporated in 2015, Mumbai based Rajnish Wellness Limited is a company engaged in the business of selling various products in the categories ranging from consumer durables to ayurvedic personal care products. The Company's major focus area is sexual wellness, energy
revitalization and personal care products.

The Company has a product portfolio that covers major products including ayurvedic medicines, personal care products, sexual wellness, and energy revitalization items etc. It sells its personal care products under the brand name. "PlayWin Capsules", "PlayWin Condom", "Rajnish Lotion", "Rajnish Plus Lotion", "Play Win Spray", "PlayWin Plus Capsules", "PlaWin Oil", , "PlayWin F Capsule", "Kasaav Powder", "SudantaDantManjan", "Mithohar Liquid", "Mithohar Tablets", "Madamrit Hair Shampoo", "Madamrit Hair Oil", "Madamrit Hair Capsule" and Pia Lo Herb's.

Rajnish wellness has very strong hold in Maharashtra, Uttar Pradesh, Karnataka, Bihar, Odisha, Delhi, Jharkhand, Madhya Pradesh, Uttarakhand, Haryana and West Bengal. Its products are available in all major medical stores in these states.

As of February 28, 2018, the company had 18 permanent employees and 78 contract employees.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
28-Feb-18 31-Mar-17 31-Mar-16
Total Assets 1,782.44 837.92 530.35
Total Revenue 2,423.22 2,529.63 1,315.88
Profit After Tax 161.87 63.87 32.34

Objects of the Issue (Rajnish Wellness IPO Objectives)

The objects of the Issue are:

1. Funding of working capital requirements of the Company.
2. Funding for Branding and Advertisement expenses
3. To meet General corporate purposes
4. To meet the expenses of the Issue

Rajnish Wellness IPO Review (May apply)

[Dilip Davda]  

Considering fully priced issue, cash surplus risk savvy investors may consider investment on their own risk. (Other)

Read detail review...


Rajnish Wellness IPO Subscription Status (Bidding Detail)

The Rajnish Wellness IPO is subscribed 1.13 times on June 29, 2018 5:00:00 PM. The public issue subscribed 0.23 times in the retail category, times in the QIB category, and 2.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.02
Retail0.23
Total1.13

Rajnish Wellness IPO Prospectus

Rajnish Wellness IPO Rating

36
3.3
Rating:Rated 3.3 stars
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Rajnish Wellness IPO Listing Details

Listing Date July 9, 2018
BSE Script Code 541601
NSE Symbol
ISIN INE685Z01017
Final Issue Price ₹95 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹95.00
₹100.00
₹100.00
₹104.70
₹100.15

Check IPO Performance…

Rajnish Wellness Limited Contact Details

Rajnish Wellness Limited
610L, 6th Floor, Building No. 3,
Navjivan Commercial Premises Society,
Lamington Road, Mumbai Central, Mumbai - 400008
Phone: + 91-22-23065555
Email: info@rajnishwellness.com
Website: http://rajnishwellness.com/

Rajnish Wellness IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Rajnish Wellness IPO - Buy or Not

Rajnish Wellness IPO Recommendation Summary

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

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Rajnish Wellness IPO FAQs

Rajnish Wellness IPO is a SME IPO of 1,261,200 equity shares of the face value of ₹10 aggregating up to ₹11.98 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200 Shares.

The IPO opens on June 25, 2018, and closes on June 29, 2018.

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

The Rajnish Wellness IPO opens on June 25, 2018 and closes on June 29, 2018.

Rajnish Wellness IPO lot size is 1200 Shares, and the minimum amount required is ₹114,000.

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

The Rajnish Wellness IPO listing date is on July 9, 2018.
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Rajnish Wellness IPO Message Board

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58 Comments

36. Abhishek Shahi |   Link |  Bookmark |July 25, 2018 2:52:05 PM
CMP is 121 again issue price of 95.....
36.1. IPOANALYSIS |   Link |  Bookmark |July 31, 2018 3:29:25 PM
It is being dumped now. Stock to go down below issue price soon
35. Abhishek Shahi |   Link |  Bookmark |July 19, 2018 6:58:59 PM
navigant rocks in the issue
35.5. Abhishek Shahi |   Link |  Bookmark |July 25, 2018 10:17:29 AM
Its only a presumption, overall its good
35.6. Abhishek Shahi |   Link |  Bookmark |July 25, 2018 10:17:55 AM
Its only a presumption, overall its good
34. MDs |   Link |  Bookmark |July 24, 2018 8:28:42 PM
Dear All,
If Anyone can post appx. how much subscription will be done by QIB & HNI.
And if working possible to appx. Premium nearby on listing day.
33. Abhishek Shahi |   Link |  Bookmark |July 9, 2018 10:35:34 AM
CMP 104.70 against issue price of Rs. 95
32. Abhishek Shahi |   Link |  Bookmark |July 9, 2018 10:15:33 AM
good Listing - Rajnish wellness Ltd.
31. IPOANALYSIS |   Link |  Bookmark |July 9, 2018 9:56:27 AM
Interestingly operator will try to show higher price on this fake company. Clear Indication someone internal bought share to sail through the issue and try to save price. Retailer should stay away
30. IPOANALYSIS |   Link |  Bookmark |July 6, 2018 3:52:21 PM
will be interesting to see listing on Monday
consider stock si with broker/ underwriter they may try to manipulate. lets see which ways it goes.

anyway retailer should always stay away from such companies and LM
30.1. IPOANALYSIS |   Link |  Bookmark |July 25, 2018 10:53:05 PM
Just wait when stock will be dumped. Waiting for few retailer to get trapped first.
29. IPOANALYSIS |   Link |  Bookmark |July 2, 2018 10:22:58 AM
Navigant won't break it's record. This stock has to go down post listing whatever may be the listing price.
29.1. Adityasingh |   Link |  Bookmark |July 25, 2018 2:11:17 PM
It is sailing way up !
28. IPOANALYSIS |   Link |  Bookmark |June 29, 2018 8:35:42 PM
Let's the underwriter promoter ; paying broker to subscribe their own share. One day they will realise that whateverpain they caused to retailer would be felt by them as well as retailer need to teach all fraudulent lead manager a lesson .
28.2. IPOANALYSIS |   Link |  Bookmark |June 30, 2018 12:27:51 AM
. In rajesh wellness what changed so quickly.it is evident some settlement has been done with broker to get through their issue forcefully .I am just talking about issues remain undersubscribed and not abt the stock price.
28.3. IPOANALYSIS |   Link |  Bookmark |June 30, 2018 12:31:21 AM
The more less the retailer apply means underwriter broker need to Chuck out more money. They will have to hold this share then .I am concerned that there might be some settlement with broker to forcefully get their issue subscibed which u will never know and paid them in cash
That is reason I want retailer not to get stuck in such issues as they would want more retailer to apply in such bad issues
27. Abhishek Shahi |   Link |  Bookmark |June 29, 2018 3:45:14 PM
Non retail response are more
26. IPOANALYSIS |   Link |  Bookmark |June 29, 2018 1:34:04 PM
May have been bdone from navigant side as underwriters. Let them feel the pain of money getting stuck.after issue there whom will they sell as retailer are not interested. There might be a deal where they can pay cash to a broker and ask them to subscribe and later they will ask them to sell share in open market at 20 pc loss as well.this way only retailer will loose.
25. Abhishek Shahi |   Link |  Bookmark |June 29, 2018 12:14:20 PM
Issue more than 90% subscribed.
25.1. TRADEKING |   Link |  Bookmark |June 29, 2018 1:08:38 PM
OVER SUBSCRIBED...!!! RAJNISH WELLNESS ....!!!
24. TRADEKING |   Link |  Bookmark |June 29, 2018 1:06:58 PM
OVER SUBSCRIBED...!!! RAJNISH WELLNESS ....!!!
23. Abhishek Shahi |   Link |  Bookmark |June 29, 2018 12:18:04 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      10,72,800
2(a)      Corporates      5,10,000
2(b)      Individuals (Other than RIIs)      5,11,200
2(c)      Others      51,600
3      Retail Individual Investors (RIIs)      1,05,600
3(a)      Cut Off      54,000
3(b)      Price Bids      51,600
Total      11,78,400
22. IPOANALYSIS |   Link |  Bookmark |June 28, 2018 12:57:49 PM
navigant aisi company lekar aati hai.

i would say navigant think all world in mad and it can come up with anything

i would request everyone to make complaint against Navigant. there has to be something that needs to be done about this lead manager and make some checks when you come up with such company issue
22.1. Small Investor |   Link |  Bookmark |June 28, 2018 5:36:35 PM
IPO Guru IPO Guru (2000+ Posts, 1000+ Likes)
nevigant means Negative Company
21. Turtle Singh |   Link |  Bookmark |June 27, 2018 5:01:57 PM
This message has been removed by a moderator.
21.1. DownriteVJ |   Link |  Bookmark |June 28, 2018 11:45:51 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
interesting.. loved it.
20. BAJAJ |   Link |  Bookmark |June 27, 2018 6:16:21 PM
Issue date has been extended... ????
20.1. DownriteVJ |   Link |  Bookmark |June 28, 2018 11:42:07 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Still it wont go through
19. atul |   Link |  Bookmark |June 27, 2018 9:53:41 PM (300+ Posts)
Ipoanaysis is right.
18. IPOANALYSIS |   Link |  Bookmark |June 27, 2018 3:02:22 PM
i cant tell you how happy i am that issue will not get through

thank you retailers.
i urged everyone not to apply sirca, dr alalchandani and continental but noone listened

Rajkumar, this one to update you said all sme are getting subscribed 5 to 10 times
see after soris foils another one to be cancelled.
next in line is jakahria fabric and ganesh films . hope retailer will sho 0 subscription to them
17. IPOANALYSIS |   Link |  Bookmark |June 27, 2018 10:24:06 AM
Hahah good going retailer. Even the few application applied is most likely from navigant side. It should actually be 0 subscription from retailer. Navigant have you seen the bakwaas companies and even the. Expensive and gulping innocent investor wealth in past issues. Hope one day navigant is removed and out of lead manager for any IPO and no company ever comes and select navigant
From.now on retailer will show their power and get the bad lead manager like navigant and first overseas not to ever come with any IPO in future