Bookbuilding IPO | ₹36 Cr | Listed at NSE SME | Mon, Sep 10, 2018 - Wed, Sep 12, 2018
Rajshree Polypack IPO is a book build issue of ₹35.52 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹35.52 crore.
Rajshree Polypack IPO bidding started from Sep 10, 2018 and ended on Sep 12, 2018. The allotment for Rajshree Polypack IPO was finalized on Sep 18, 2018. The shares got listed on the NSE SME on Sep 24, 2018.
Rajshree Polypack IPO is set final issue price at ₹120 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,40,000.
PL Capital Markets Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhudas Lilladher Pvt.Ltd.
Refer to Rajshree Polypack IPO RHP for detailed Information.
IPO Open
Mon, Sep 10, 2018
IPO Close
Wed, Sep 12, 2018
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹134.81 Cr
| IPO Date | 10 to 12 Sep, 2018 |
| Listed on | Mon, Sep 24, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹119 to ₹121 |
| Issue Price | ₹120 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,60,000 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 1,48,000 shares Prabhudas Lilladher Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 28,12,000 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 28,12,000 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 82,74,000 shares |
| Share Holding Post Issue | 1,12,34,000 shares |
| NSE Symbol | RPPL |
| ISIN | INE760W01023 |
Rajshree Polypack IPO comprises a total issue size of 29,60,000 shares. The net offer to the public is 28,12,000 shares, after excluding 1,48,000 shares allotted on a firm basis. Of the Net offer 14,05,000 (49.96%) are allocated to QIB, 4,22,000 (15.01%) allocated to NII 9,85,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,05,000 | 49.96% | 47.47% |
| − Anchor Investor Shares Offered | 8,33,000 | 28.14% | |
| − QIB (Ex. Anchor) Shares Offered | 5,72,000 | 19.32% | |
| NII (HNI) Shares Offered | 4,22,000 | 15.01% | 14.26% |
| Retail Shares Offered | 9,85,000 | 35.03% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,48,000 | 5.00% | |
| Total Shares Offered | 29,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,20,000 |
| Retail (Max) | 1 | 1,000 | ₹1,20,000 |
| HNI (Min) | 2 | 2,000 | ₹2,40,000 |
Incorporated in 2003, Thane-based Rajshree Polypack Limited is a company engaged in the business of plastic packing products. It is one of the leaders in the manufacturing of rigid plastic sheets and thermoformed packaging products (source: Care Advisory Report, July 2018).
Rajshree's products range from yogurt & ice cream containers, beverage cups & containers, food packing, bakery products and confectioneries, coffee cups, QSRs, generic bowls, punnets & trays for fruits and vegetable packing, lids etc.
The company's manufacturing facility is located at Daman and has an annual capacity of over 10,000 MT.
Rajshree Polypack's revenue from operations grew at a CAGR of 19.97% for the last four (4) Fiscals.
The net profit of the company grew at a CAGR of 134.66% and EBITDA by 33.05% for the last 4 fiscals.
The company has 418 employees on its payroll.
Competitive Strengths-
1. Consistent financial performance
2. Leading name in the manufacturing of rigid plastic sheets and thermoformed packaging
3. Competitive edge due to the locational advantage of its manufacturing facility
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 85.66 | 81.58 | 76.10 |
| Total Income | 112.50 | 96.43 | 95.66 |
| Profit After Tax | 9.31 | 8.87 | 7.83 |
| EBITDA | 20.73 | 21.55 | 20.31 |
| NET Worth | 46.98 | 39.35 | 31.20 |
| Reserves and Surplus | 39.01 | 31.38 | 28.55 |
| Total Borrowing | 14.86 | 20.92 | 26.26 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| A & M Jumbo Bags Ltd. | SME | ₹4.00 Cr | ₹65 | null | ₹66.55 | +2.38% | ₹11.80 (-4.84%) |
| Worth Peripherals Ltd. | SME | ₹18.28 Cr | ₹43 | null | ₹51.60 | +20.00% | ₹142.55 (+0.56%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Factory Unit IV at Daman | 36.24 |
| 2 | General corporate purposes | 0.64 |
The Rajshree Polypack IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 3.93 | 28,12,000 | 1,10,38,000 | 2,789 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 1.16 |
| 2 | Advertising and marketing expenses | 0.16 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Brokerage and selling commission payable to Syndicate | 0.46 |
| 5 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 6 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 7 | Others (listing fees, legal fees, stationery charges, bankers to the Issue, auditor’s fees etc.) | 0.43 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹111.05 |
| Low | ₹105.70 |
| High | ₹116.60 |
| Last Trade | ₹116.60 |
Lead Manager Reports
Rajshree Polypack IPO is a SME IPO of 29,60,000 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Sep 10, 2018, and closes on Wed, Sep 12, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rajshree Polypack IPO using UPI as a payment gateway. Zerodha customers can apply in Rajshree Polypack IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajshree Polypack IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajshree Polypack IPO opens on Mon, Sep 10, 2018 and closes on Wed, Sep 12, 2018.
Rajshree Polypack IPO lot size is 1000, and the minimum amount required for application is ₹1,20,000.
You can apply in Rajshree Polypack IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rajshree Polypack IPO will be done on Tuesday, September 18, 2018, and the allotted shares will be credited to your demat account by Wed, Sep 19, 2018. Check the Rajshree Polypack IPO allotment status.
The Rajshree Polypack IPO listing date is on Mon, Sep 24, 2018.
