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RDB Rasayans Ltd IPO (RDB Rasayans IPO) Detail

September 21, 2011 - September 23, 2011

RDB Rasayans IPO is a book built issue of Rs 35.55 crores.

RDB Rasayans IPO bidding started from September 21, 2011 and ended on September 23, 2011. The shares got listed on BSE on October 7, 2011.

RDB Rasayans IPO price band is set at ₹72 to ₹79 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,320.

Chartered Capital And Investment Limited is the book running lead manager of the RDB Rasayans IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to RDB Rasayans IPO RHP for detailed information.

RDB Rasayans IPO Details

IPO Date September 21, 2011 to September 23, 2011
Listing Date October 7, 2011
Face Value ₹10 per share
Price Band ₹72 to ₹79 per share
Lot Size 80 Shares
Total Issue Size4,500,000 shares
(aggregating up to ₹35.55 Cr)
Issue Type Book Built Issue IPO
Listing At BSE
Share holding pre issue13,214,800
Share holding post issue17,714,800

RDB Rasayans IPO Reservation

RDB Rasayans IPO offers 4,500,000 shares. 2,250,000 (50.00%) to QIB, 675,000 (15.00%) to NII, 1,575,000 (35.00%) to RII. 19,687 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 2,560 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,250,000 (50.00%)NA
NII (HNI) Shares Offered675,000 (15.00%)
Retail Shares Offered1,575,000 (35.00%)19,687
Total Shares Offered4,500,000 (100%)

RDB Rasayans IPO Lot Size

Investors can bid for a minimum of 80 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 80 ₹6,320
Retail (Max) 31 2480 ₹195,920
Lot Size Calculator

RDB Rasayans IPO Promoter Holding

Promoters of the company are:

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

Share Holding Pre Issue 87.59%
Share Holding Post Issue 65.34%

About RDB Rasayans Ltd

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.

Key Performance Indicator

KPI Values

Objects of the Issue (RDB Rasayans IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  

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. 

Read detail review...

RDB Rasayans IPO Subscription Status (Bidding Detail)

The RDB Rasayans IPO is subscribed 1.50 times on September 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 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 Prospectus

RDB Rasayans IPO Rating

Rating:Rated 3.7 stars
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RDB Rasayans IPO Listing Details

Listing Date October 7, 2011
BSE Script Code 533608
NSE Symbol
ISIN INE123M01017
Final Issue Price ₹79 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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RDB Rasayans Ltd Contact Details

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 - Buy or Not

RDB Rasayans IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

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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 September 21, 2011, and closes on September 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 September 21, 2011 and closes on September 23, 2011.

RDB Rasayans IPO lot size is 80 Shares, and the minimum amount required is ₹6,320.

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, Nuvama, 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 October 7, 2011.
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RDB Rasayans IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



225. Venky IPO |   Link |  Bookmark |November 3, 2011 3:20:50 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 |  Bookmark |November 9, 2011 8:51:25 PM (500+ Posts, 100+ Likes)
I agree with ur observations.
224. gundu anna |   Link |  Bookmark |October 23, 2011 11:12:25 AM (500+ Posts, 100+ Likes)
You can buy RDB Rasayan now. One can make money from present levels.
223. Deepak Dudi |   Link |  Bookmark |October 13, 2011 11:29:48 AM
Thx Mr jackport
222. Jackpoat |   Link |  Bookmark |October 13, 2011 11:14:00 AM (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 |  Bookmark |October 13, 2011 10:42:44 AM
Margin Trading is not available on RDB why.....
220. Deepak Dudi |   Link |  Bookmark |October 13, 2011 10:28:12 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 |  Bookmark |October 12, 2011 5:33:05 PM (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 |  Bookmark |October 12, 2011 5:05:45 PM
Ok sir..i will do. sir i have stop loss of 18 will i change or its ok...
217. Jackpoat |   Link |  Bookmark |October 12, 2011 4:49:45 PM (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 |  Bookmark |October 12, 2011 4:24:13 PM
No Mr i recived delivery now i am in the position of sell will i sell tommorow or wait,....?
215. Jackpoat |   Link |  Bookmark |October 12, 2011 12:26:40 PM (200+ Posts)
Mr Deepak Dudi, R u Close Your Position of RDB or not.
214. gundu anna |   Link |  Bookmark |October 11, 2011 7:45:33 PM (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 |  Bookmark |October 11, 2011 6:06:50 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 |  Bookmark |October 11, 2011 4:03:05 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 |  Bookmark |October 11, 2011 3:20:43 PM (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 |  Bookmark |October 11, 2011 2:17:26 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Deepak- it is always preferable to book partial profit when yr investment is high.
209. Deepak Dudi |   Link |  Bookmark |October 11, 2011 1:27:45 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 |  Bookmark |October 11, 2011 1:22:35 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 |  Bookmark |October 11, 2011 1:20:00 PM
Top Contributor Top Contributor (1000+ Posts, 200+ 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 |  Bookmark |October 11, 2011 1:16:07 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.