RDB Rasayans Ltd IPO (RDB Rasayans IPO) Detail

Sep 21, 2011 - Sep 23, 2011

Incorporated in 1995, RDB Rasayans Ltd, an ISO 9001:2008 certified organization, engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. PP sacks are mainly used for packing the different products in the fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc.

RDB Rasayans produces FIBCs of U+2 panel, Circular Jumbo bags, Baffle bags, All panel bags, Conductive FIBC and Static dissipative FIBCs. In addition to FIBC, the Company also manufactures various woven polypropylene products including Small bags, Box woven bags, Roofing underlayment fabric, Courier bags, Ground covers, Silt fence and Geotextiles. The Company offers woven bags and fabrics in both PP and HDPE. Its products are UV stabilized and pre-conditioned against shrinkage.

Objects of the Issue

The objects of the Issue are to:

1. To finance the capital expenditure to enhance the manufacturing capacity by 7450 MTPA by establishing the Unit -II;
2. To meet General Corporate Purpose; and
3. To meet Issue Expenses.

RDB Rasayans IPO Details

IPO Date Sep 21, 2011 to Sep 23, 2011
Listing Date Friday, October 7, 2011
Face Value ₹10 per share
Price ₹72 to ₹79 per share
Lot Size 80 Shares
Issue Size4,500,000 shares of ₹10
(aggregating up to ₹35.55 Cr)
Issue Type Book Built Issue IPO
Listing At BSE
Company Promoters

Promoters of the company are:

1. Mr. Sunder Lal Dugar
2. Mr. Vinod Dugar
3. Ms. Sheetal Dugar

RDB Rasayans IPO Lot Size

The RDB Rasayans IPO lot size is 80 shares. A retail-individual investor can apply for up to 31 lots (2480 shares or ₹195,920).

Application Lots Shares Amount
Retail (Min) 1 80 ₹6,320
Retail (Max) 31 2480 ₹195,920

RDB Rasayans Ltd IPO Grading

Brickwork has assigned an IPO Grade 2 to RDB Rasayans IPO. This means as per Brickwork, company has ' Below Average Fundamentals'. Brickwork assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read RDB Rasayans IPO Report

RDB Rasayans IPO Review

On the performance front, the company has posted an average EPS of Rs. 2.51. For the year 2010-11 it posted a net profit of Rs. 1.80 crore on a turnover of Rs. 46.13 crore against net profit of Rs. 1.95 crore on a turnover of Rs. 30.61 crore for 2008-09 indicating at reduced margings. On enhanced equity of Rs. 17.72 crore, this earnings translated into an EPS of Rs.1.01 and based on this the asking price is around 72 P/E on the lower price band and thus it is priced exorbitantly. AVOID investment. 

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RDB Rasayans IPO Subscription Status (Bidding Detail)

The RDB Rasayans IPO is subscribed 1.50 times on Sep 23, 2011 5:00:00 PM. The public issue subscribed 3.96 times in the retail category, 0.00 times in the QIB category, and 0.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

RDB Rasayans IPO Prospectus

RDB Rasayans IPO Rating

Rating:Rated 3.7 stars
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RDB Rasayans IPO Listing Date

Listing Date Friday, October 7, 2011
BSE Script Code 533608
NSE Symbol
Listing In B Group of Securities
ISIN INE123M01017
IPO Price ₹79 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

RDB Rasayans Ltd
Bikaner Building,
1st Floor, Suite No: 10, 8/1,
Lal Bazar Street, Kolkata
Phone: 91-33-2230 5666

RDB Rasayans IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

RDB Rasayans IPO Review

RDB Rasayans IPO Recommendation Summary

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RDB Rasayans IPO FAQs

RDB Rasayans IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹35.55 Crores. The issue is priced at ₹72 to ₹79 per share. The minimum order quantity is 80 Shares.

The IPO opens on Sep 21, 2011, and closes on Sep 23, 2011.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The RDB Rasayans IPO opens on Sep 21, 2011 and closes on Sep 23, 2011.

RDB Rasayans IPO lot size is 80 Shares and the minimum order quantity is .

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

The RDB Rasayans IPO listing date is on Friday, October 7, 2011.
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RDB Rasayans IPO Message Board

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225. Venky IPO |   Link |Nov 3, 2011 4:20:50 PM
Even after losing their shirts, I see Retail Investors oversubscribing such stupid IPOs by 3.6times. Another classic example is Indo Thai Securities that has been oversubscribed 3.9 times by RII whereas ZERO times by QIB and HNI's. If QIBs and HNI's are so wary of this junk stock, how come RII rush forward like fireflies. If you happen to see the IPO Performance dashboard of Chittorgarh more than 90% of the IPOs have given steep loses across the years!!! I can confidently say that IPO market is the worst possible means of investment where your chances of sucess is limited to 10% of stocks. This is worse than Gambling!!! I CAN ONLY PITY THE RETAIL INDIVIDUAL INVESTORS WHOSE OVERFLOWING GREED HAS ENSURED THAT CHEATER IPOs MINT MONEY. As the saying goes A FOOL AND HIS MONEY ARE EASILY PARTED.
225.1. gundu anna |   Link |Nov 9, 2011 9:51:25 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
I agree with ur observations.
224. gundu anna |   Link |Oct 23, 2011 12:12:25 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
You can buy RDB Rasayan now. One can make money from present levels.
223. Deepak Dudi |   Link |Oct 13, 2011 12:29:48 PM
Thx Mr jackport
222. Jackpoat |   Link |Oct 13, 2011 12:14:00 PM
Top Contributor Top Contributor (200+ Posts)
Mr Deepak Dudi Buy 1000 qty BGLOBAL,BROOKS each and wait 1-2 week.Dont Buy heavy qty of share in a single Stock like RDB
221. Deepak Dudi |   Link |Oct 13, 2011 11:42:44 AM
Margin Trading is not available on RDB why.....
220. Deepak Dudi |   Link |Oct 13, 2011 11:28:12 AM
Jakport Sir i sell 6000 RDB at 18 nw what to purchase creast animation, om metal, brook,or any other, i loos 150000 in RDB i want ot cover my some loos in few months..
219. Jackpoat |   Link |Oct 12, 2011 6:33:05 PM
Top Contributor Top Contributor (200+ Posts)
Mr Deepak SL-18 is ok.You seen 1 rupees up and down on intraday .Todays high-20.25 .you try to Sell @20.
218. Deepak Dudi |   Link |Oct 12, 2011 6:05:45 PM
Ok sir..i will do. sir i have stop loss of 18 will i change or its ok...
217. Jackpoat |   Link |Oct 12, 2011 5:49:45 PM
Top Contributor Top Contributor (200+ Posts)
Mr Deepak now RDB fall very slowly or try to stable in current range-but in short term very much upside not possible.So if you not want to sell it completely then sell 50% and buy other share and for rest 50% wait and watch with SL
216. Deepak Dudi |   Link |Oct 12, 2011 5:24:13 PM
No Mr i recived delivery now i am in the position of sell will i sell tommorow or wait,....?
215. Jackpoat |   Link |Oct 12, 2011 1:26:40 PM
Top Contributor Top Contributor (200+ Posts)
Mr Deepak Dudi, R u Close Your Position of RDB or not.
214. gundu anna |   Link |Oct 11, 2011 8:45:33 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Six factors to consider before investing in IPOs

IPOs or initial public offering is best understood as the first public offering of shares by a private limited company before listing in a stock market. Looking at the history of IPO success and failure stories, you would be smart to first fully understand the various aspects behind such offerings and makes the right choice to invest or not in IPOs.

It is advisable to understand that investing in IPOs could prove risky with unfavourable market situations and sentiments and when the fundamentals of the company and industry are weak. It is best to go by facts, avoid being influenced by rumours and have a closer look at the past performances also.

Understanding the concept of investing in IPO does require a clear look into these factors:

1. It is not wise to believe rumours and success stories of IPOs at face value, for investing in IPOs is not easily learnt and there could be some misconceptions. So it is best to venture into IPOs only after you have learnt the art of investing your hard earned money in them.

2. It is wrong to be overwhelmed after hearing general statements that some IPOs are attractively priced. You would be smarter comparing the price earnings ratio that helps get the relationship between the stock price and the company`s earnings and comparing it with those of competitive companies.

3. Beware of being under the misconception that investing in IPOs could give you great gains on listing. It has been noticed by both amateur as well as experienced investors that sometimes high losses are also made. It would be safer and secure not to gamble in the shares of new issues.

4. It is good to experiment with new products in the market. But I would say that it is not smart to have this attitude with shares and invest in IPOs. Investing is about getting effective and safe returns on the hard earned money that you put into shares, so it would be smarter putting your money to work in index stocks that have been in the market for a long time and have survived the volatile economic market for long.

5. Beware of being influenced by the favourable feeling and trend in the investment market to borrow money from financial institutions of brokerage companies for getting higher allotment of shares. It is sometimes very difficult to judge the trend of the market, especially as an amateur, and this could make you end up in huge losses coupled with the repayment of the loan with interest.

6. Some assume that investing in IPOs would surely bring about gains in the long run. However I would suggest that you would definitely be much better off investing in good listed shares that have a proven record, though they sell at a higher price. However you may invest with sufficient information of the IPOs, but could not always be sure that the listing will not bring down the issue price.
213. Greed & Fear |   Link |Oct 11, 2011 7:06:50 PM
212 Deepak.....About short on M&B....its fine...short it on day1...but remain itact in front of your soon as you are in profit book it and close your on second day & not on first day.....reason....well first day dont have circuit limits....the stock can move in any direction..... I have seen stocks gaining 100% (inventure) and stocks losing 80% (RDB)....Still if you ask me for M&B I would suggest purchasing on day 1 instead of it in anyway....move out as soon as you are in profit...and always look at circuit limits before trading.........
212. Deepak Dudi |   Link |Oct 11, 2011 5:03:05 PM
Mr Jackpot
I think we should sort M&B when it opens..and it will trade around 50 to 60. i am unexperienced person in IPO but my thinking is this.
211. Jackpoat |   Link |Oct 11, 2011 4:20:43 PM
Top Contributor Top Contributor (200+ Posts)
SkDash Sir, Which ipos you have applied?what is your call on M&B.we miss very much , sreedhar advice.please advice
210. SkDash |   Link |Oct 11, 2011 3:17:26 PM
IPO Mentor IPO Mentor (900+ Posts, 100+ Likes)
Deepak- it is always preferable to book partial profit when yr investment is high.
209. Deepak Dudi |   Link |Oct 11, 2011 2:27:45 PM
SK Dash/ Star
I have Rel Cap 600 shares at 319. Now It is on 340 wat to do hold or sell will it come 360 to 380 in few days.
208. Deepak Dudi |   Link |Oct 11, 2011 2:22:35 PM
SK Dash/Star
Really sir you both said right i got a good lesson with that bad i never loss this much big money because from now i always follow stop loss and then trade in IPO and other shares.
207. SkDash |   Link |Oct 11, 2011 2:20:00 PM
IPO Mentor IPO Mentor (900+ Posts, 100+ Likes)
Deepak Sir-

its a common disclosure that equity investments are subject to mkt risk and nobody forcing any person to take the risk. And for that SEBI cant (should not) do anything for the sake of mkt discipline, otherwise it will be difficult for the genuine companies to trap the mkt. Yes, I do agree with you that SEBI should investigate and take action against the manipulators.
206. Deepak Dudi |   Link |Oct 11, 2011 2:16:07 PM
Mr Star i forget my loss and i will be a super invester..thx 4 that...but i am saying that these type of company looting people who poor or rich wat happen with poor people...and how SEBI give licence to these type of froad company to issue IPO.