Incorporated in 2005, Mumbai based Raw Edge Industrial Solutions Limited is a company engaged in the business of providing industrial minerals to manufacturing industries at competitive prices. The company is delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses. It is one of the leading Manufacturers and Suppliers of a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, Imported Coal, etc.
In February 2018, the company has entered into an agreement for sale for acquiring agriculture land of `50.21
Lakhs at Surat for setting up a manufacturing unit of crushed Quick Lime and Hydrated Lime with an installed capacity of 1,20,000 MT/per annum located. In addition to its existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at the aforesaid new premises will be making the total installed capacity of 1,80,000 ton/per annum.
Though the customers of Raw Edge are spread over 10 states, the major supply of its products are concentrated in the state of Gujarat and Rajasthan (contributing 91.37 % of total turnover).
The company has 33 permanent employees on its payroll.
The Promoters of the company are Bimal Rajkumar Bansal, Sourabh Bimal Bansal, and Siddharth Bimal Bansal.
Particulars | For the year/period ended (in Rs. Lakhs) | |||||
---|---|---|---|---|---|---|
31-Jan-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
Total Assets | 2,912.26 | 2,718.57 | 2,305.11 | 1,488.56 | 1,377.22 | 774.00 |
Total Revenue | 4,498.74 | 4,860.73 | 4,133.55 | 3,826.82 | 3,349.57 | 6,662.21 |
Profit After Tax | 133.40 | 61.63 | 58.05 | 44.71 | 70.41 | 81.50 |
The present Public Issue of 22,91,200 Equity Shares includes a Fresh Issue of 16,81,200 Equity shares and an offer for sale of 6,10,000 equity shares by the Selling Shareholder at an issue price of ` 72 per Equity Share.
The Company will not receive any proceeds from the Offer for Sale of 6,10,000 equity shares.
The objects of the Fresh Issue are:
1. Expansion by setting up Manufacturing Unit
2. Working Capital Margin
3. General Corporate Purpose
4. Meeting Public Issue Expenses.
IPO Opening Date | Jul 5, 2018 |
IPO Closing Date | Jul 10, 2018 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹72 per equity share |
Market Lot | 1600 Shares |
Min Order Quantity | 1600 Shares |
Listing At | BSE SME |
Issue Size | 2,291,200 Eq Shares of ₹10 (aggregating up to ₹16.50 Cr) |
The Raw Edge Industrial Solutions IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115,200).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1600 | ₹115,200 |
Maximum | 1 | 1600 | ₹115,200 |
The Raw Edge Industrial Solutions IPO is subscribed 1.10x times on Jul 10, 2018 23:59. The public issue subscribed 0.78x in the retail category, in the QIB category, and 1.41x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
NII | 1.41x |
RII | 0.78x |
Total | 1.10x |
Listing Date | Wednesday, July 18, 2018 |
BSE Script Code | 541634 |
NSE Symbol | |
Listing In | MT |
ISIN | INE960Z01014 |
IPO Price | ₹72 per equity share |
Face Value | ₹10 per equity share |
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Raw Edge Industrial Solutions Ltd
Shop No. 47, Ground Floor,
Citi Mall, New Link Road
Andheri (W), Mumbai -400053
Phone: 91-72269 96805
Email: info@rawedge.in
Website: http://www.rawedge.in/
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Raw Edge Industrial Solutions IPO is a SME IPO of 2,291,200 equity shares of the face value of ₹10 aggregating up to ₹16.50 Crores. The issue is priced at ₹72 per equity share. The minimum order quantity is 1600 Shares.
The IPO opens on Jul 5, 2018, and closes on Jul 10, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Raw Edge Industrial Solutions IPO opens on Jul 5, 2018 and closes on Jul 10, 2018.
Raw Edge Industrial Solutions IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
You can apply in Raw Edge Industrial Solutions 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 Raw Edge Industrial Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raw Edge Industrial Solutions IPO allotment status.
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