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R. R. Industrial Corporation (India) Limited IPO (RR Industrial Corporation IPO) Detail

Incorporated in 2009, Chattisgarh based R. R. Industrial Corporation (India) Limited is a company engaged in the business of trading in Steel Products including MS Beam, MS Channel, MS Angle, MS Flat, TMT Bar, Billet, Round, Plates, HR Coil etc.

The Company has recently diversified into trading in Food Grain and trading in Carbon Coal respectively.

It also provides all kinds of steel fabrication and infrastructure solutions in addition to Telecom Towers with projects executed across India. The Steel Products includes supplying fabricated & non-fabricated materials for Telecommunication Towers, Power Transmission Line Towers such as Smart Lighting Poles, Monopoles, Guard Rails, Substation Structures, Solar Module Mounting Structures, and Customized Galvanized & Non-galvanized steel structures.

The company also provides complete engineering, procurement, and control for Rural Electrification, Power Transmission and Solar Power Projects.

The net turnover of the company were Rs 12,933.85 lakhs, Rs 25,135.25 lakhs, Rs 17,119.47 lakhs, Rs 14,353.47 lakhs, Rs 12,910.60 lakhs, and Rs 15,363.65 lakhs for the period ended September 30, 2017 and fiscal years 2017, 2016, 2015, 2014 and 2013 respectively.

The restated profits for the period ended September 30, 2017 and fiscal years 2017, 2016, 2015, 2014 and 2013 were 56.61 lakhs, 104.42 lakhs, 64.64 lakhs, 45.97 lakhs, 35.07 lakhs, and 31.76 lakhs respectively.

The company has 8 employees on its payroll.

Company Promoters:

The Individual Promoters of the company are Sanjay Kumar Jain and Kanhaiya Lal Gangwal. The Individual Promoters hold, in aggregate 21,10,000 Equity Shares representing 26.43% of the pre-issue paid up Equity Share Capital of the Company.

The promoter group is R.R. Iron and Steel Private Limited. The company is promoted by Sanjay Kumar Jain and Rekha Jain, holding 1,16,900 and 75,000 Equity Shares respectively.

Company Financials:

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-14
Total Assets 8,479.66 8,100.19 5,378.19 4,234.19 3,883.08 4,730.72
Total Revenue 12,969.10 25,182.76 17,183.99 14,357.44 12,918.75 15,412.56
Profit After Tax 56.61 104.42 64.64 45.97 35.07 31.76
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-14
Total Assets 9,212.90 8,951.42 6,134.88 5,236.51 4,588.73 5,319.01
Total Revenue 14,006.62 26,737.75 19,196.98 15,188.89 13,309.12 15,796.78
Profit After Tax 56.76 104.84 64.98 46.20 34.88 31.37

Objects of the Issue:

The objects of the issue are-

1. Funding the working capital requirements of the Company
2. General corporate purposes.

RR Industrial Corporation IPO Details
Issue Open
Issue TypeFixed Price Issue IPO
Issue Size2,958,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs Per Equity Share
Market Lot
Min Order Quantity
Listing AtNSE SME

RR Industrial Corporation IPO Prospectus

RR Industrial Corporation IPO Rating

13
1.8
Rating:Rated 1.8 stars

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RR Industrial Corporation IPO Reviews / Ratings

Company Contact Information

R. R. Industrial Corporation (India) Limited
Station Road,
Telghani Naka
Raipur 492001
Phone: 0771- 4008308
Fax:
Email: cs@rricil.com
Website: http://www.rrsteelraipur.com

RR Industrial Corporation IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: rricl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

RR Industrial Corporation IPO Lead Manager(s)

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RR Industrial Corporation IPO Review / Comments

avatar
2. GrowYourMoney  Sep 19, 2018 13:18 I Like It. | Report Abuse Reply
It's a clear Avoid issue..
avatar
1. CPHArun  Sep 18, 2018 22:23 I Like It. | Report Abuse Reply
I haven't yet read the DRHP. But reading the description, numbers don't add up.

i) Company does all kind of steel products & projects. Revenue is 140 crores but PAT is just 56 lakhs...
ii) For a company who does all these products, they only have 8 on payroll ?
If these numbers are true, its a clear AVOID for me
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