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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
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 8,656.66 | 8,157.94 | 7,610.30 | 6,447.78 | 5,707.24 | |
| Total Revenue | 11,250.39 | 9,642.79 | 9,565.77 | 6,505.96 | 3,901.01 | |
| Profit After Tax | 931.09 | 886.85 | 155.21 | 783.24 | 72.06 | |
The objects of the issue are-
1. Setting up of Factory Unit IV at Daman;
2. General corporate purposes
| Rajshree Polypack IPO Date | Sep 10, 2018 to Sep 12, 2018 |
| Rajshree Polypack IPO Face Value | ₹10 per share |
| Rajshree Polypack IPO Price | ₹119 to ₹121 per share |
| Rajshree Polypack IPO Lot Size | 1000 Shares |
| Issue Size | 2,960,000 shares of ₹10 (aggregating up to ₹35.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The Promoters of the Company are Ramswaroop Radheshyam Thard, Naresh Radheshyam Thard and Sajjan N. Rungta HUF. They hold 54,45,468 Equity Shares, representing 65.81% of the subscribed and paid-up Equity Share capital of the Company. Sajjan N. Rungta HUF holds 17,25,132 Equity Shares representing 20.85% of the subscribed and paid-up Equity Share capital of our Company. |
Rajshree Polypack IPO opens on Sep 10, 2018, and closes on Sep 12, 2018. The Rajshree Polypack IPO bid date is from Sep 10, 2018 10.00 A.M. to Sep 12, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Rajshree Polypack IPO Opening Date | Sep 10, 2018 |
| Rajshree Polypack IPO Closing Date | Sep 12, 2018 |
| Basis of Allotment | Sep 18, 2018 |
| Initiation of Refunds | Sep 19, 2018 |
| Credit of Shares to Demat | Sep 19, 2018 |
| Rajshree Polypack IPO Listing Date | Sep 24, 2018 |
The Rajshree Polypack IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹121,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹121,000 |
| Retail (Max) | 1 | 1000 | ₹121,000 |
Company's financial performance is lucrative, but concern is about ongoing controversy on usage of plastic ban movement. More states are joining the bandwagon. Thus it is a major risk for this company going forward. Future of such companies hinges on outcome of Government's final ruling. Although pricing looks lucrative, cash surplus investors may consider investment for long term. Read detail review...
The Rajshree Polypack IPO is subscribed 5.36 times on Sep 12, 2018 6:00:01 PM. The public issue subscribed 2.92 times in the retail category, 3.61 times in the QIB category, and 13.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.61 |
| NII | 13.43 |
| Retail | 2.92 |
| Total | 5.36 |
| Listing Date | Monday, September 24, 2018 |
| BSE Script Code | |
| NSE Symbol | RPPL |
| Listing In | |
| ISIN | INE760W01015 |
| IPO Price | ₹120 per share |
| Face Value | ₹10 per share |
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Rajshree Polypack Limited
#503-504, 5th Floor, Lodha Supremus
Road No. 22, Kishan Nagar,
Wagle Estate, Thane (W) - 400604
Phone: +91-22 25818200
Email: cosec@rajshreepolypack.com
Website: http://www.rajshreepolypack.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rajshree.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Rajshree Polypack IPO is a SME IPO of 2,960,000 equity shares of the face value of ₹10 aggregating up to ₹35.52 Crores. The issue is priced at ₹119 to ₹121 per share. The minimum order quantity is 1000 Shares.
The IPO opens on Sep 10, 2018, and closes on Sep 12, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Rajshree Polypack IPO opens on Sep 10, 2018 and closes on Sep 12, 2018.
Rajshree Polypack IPO lot size is 1000 Shares and the minimum order quantity is .
You can apply in Rajshree Polypack 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rajshree Polypack IPO will be done on Sep 18, 2018, and the allotted shares will be credited to your demat account by Sep 19, 2018. Check the Rajshree Polypack IPO allotment status.
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