Ruchira Papers Limited IPO (Ruchira IPO) Detail

Nov 23, 2006 - Nov 29, 2006

Incorporated on December 8, 1980 Ruchira Papers Limited is an India-based company engaged in the manufacturing of Kraft Paper. The Company uses agro wastes like wheat straw, bagasse and sarkanda as the main raw materials. Along with these wastes, some quantities of hessian rags and waste paper are also used depending upon requirement of paper to be manufactured. The Company's factory is located at Village Kala-Amb of District Sirmaur in Himachal Pradesh. It has a production capacity of 52,800 tons per annum (TPA).

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Finance setting up of a new Writing & Printing Paper Plant alongwith Chemical Recovery Plant;
2. Generation Power Plant;
3. Mobilise Funds for general corporate purposes;
4. Meet the expenses of this Issue; and
5. Achieve benefit of listing of the Equity Shares on the Stock Exchanges;
6. Net Tangible Assets to be created after the issue is Rs 13562.70 Lacs (after deduction of Issue Expenses) which is 98.29% of total project cost.

Ruchira IPO Details

IPO Opening Date	Nov 23, 2006
IPO Closing Date	Nov 29, 2006
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹21 to ₹23 per equity share
Market Lot
Min Order Quantity
Listing At	BSE, NSE
Issue Size	10,217,000 Eq Shares of ₹10 (aggregating up to ₹23.50 Cr)

Ruchira IPO Prospectus

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Ruchira IPO Listing Date

Listing Date	Wednesday, December 20, 2006
BSE Script Code	532785
NSE Symbol	RUCHIRA
Listing In	B1
ISIN	INE803H01014
IPO Price	₹23 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹23.00
₹24.35
₹20.65
₹24.35
₹20.95
4,117,994

NSE
₹23.00
₹24.00
₹20.70
₹24.50
₹21.05
3,901,755

Ruchira IPO Reviews / Ratings

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Company Contact Information

Ruchira Papers Limited
Ruchira Papers Limited,
Trilokpur Road, Kala-Amb,
District Sirmour, Himachal Pradesh, India

Phone: +91-1702-238654
Email: ipo@ruchirapapers.com
Website: http://www.RuchiraPapers.com

Ruchira IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: rplipo@IntimeSpectrum.com
Website: http://www.linkintime.co.in

Ruchira IPO Lead Manager(s)

A.K. Capital Services Limited

Lead Manager Reports

Ruchira IPO FAQs

What is Ruchira IPO?

Ruchira IPO is a main-board IPO of 10,217,000 equity shares of the face value of ₹10 aggregating up to ₹23.50 Crores. The issue is priced at ₹21 to ₹23 per equity share. The minimum order quantity is .

The IPO opens on Nov 23, 2006, and closes on Nov 29, 2006.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Ruchira IPO will open?

The Ruchira IPO opens on Nov 23, 2006 and closes on Nov 29, 2006.
What is the lot size of Ruchira IPO?

Ruchira IPO lot size and the minimum order quantity is not available at this time. Please check again later.
How to apply for Ruchira IPO?

You can apply in Ruchira 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.
When Ruchira IPO allotment?

The finalization of Basis of Allotment for Ruchira IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ruchira IPO allotment status.
When is Ruchira IPO listing date?

The Ruchira IPO listing date is on Wednesday, December 20, 2006.

Ruchira IPO Message Board

Ranked Members

13. K.R.BHATTAR |Jan 1, 2007 21:04

dear sir,
I HAVE applied Ruchira papers Ltd ipo with Bid cum appln no.11381584 / ECS INT.NO.3003850. As on date the refund amount has not credited to my SB ACCOUNT AT MY bank.Please verify and arrange the refud amount without further
delay.
Yours faithfully,

K.R.Bhattar.
H.NO.2-2-23/5,SBH colony,
Bagh AMBERPET,hyderabad-500013 K.R.BHATTAR

12. KVKP RAO |Dec 27, 2006 23:01

This company availas many tax benefits.The share price even trading very nearer to issue price ,it will cross Rs 40/- ie more than 75% in the next 2 to 3 months.It is a slow pick share and fundamentals are very good.Investors should wait for some time for good returns.

11. prasanna |Dec 20, 2006 23:45

Ruchira got listed at 24 and is trading below par at 22.50 now.Can any one tell me what is the Prospects of the company in tne next 1 to 1.5 Years and what will be the share price

10. Ram |Dec 20, 2006 07:09

Listing on 20th December along with Sobha... what could be the listing price?..

9. Murali |Dec 14, 2006 04:13

Hi friends I have applyed for 500 and got 250. when is the listing

8. pankaj |Dec 14, 2006 00:16

I applied for 500, got 250 shares. When is going to list ?

7. Prasanna |Dec 13, 2006 01:44

Hi all,

Any idea of when the allotment status of Ruchira be announced and when will it get listed

6. KVKP RAO |Dec 8, 2006 22:25

This company avails many tax benifits and the share price may cross Rs.40 within 2 t0 3 months from date of listing.

5. Prashanth Gajra |Dec 4, 2006 06:24

I applied for 250 shares @ 21 Rs. I dont think that i will get any shares. So let me wait for my refund.

4. Vikram R |Nov 30, 2006 09:51

Ruchira Papers Ltd.as on 29-Nov-2006 20:00:00 IST (Almost Final Subscribtion)

No. of times issue is subscribed 2.68

3. Vikram R |Nov 29, 2006 07:28

Ruchira Papers Ltd. bidding status as on 28-Nov-2006 17:00:00 IST

No. of times issue is subscribed 1.36

One more day to go...Friends stay away from this IPO.

2. Vikram R |Nov 27, 2006 21:35

Ruchira Papers Ltd. bidding status as on 24-Nov-2006 17:00:00 IST

No. of times issue is subscribed: 1.00

1. Vikram |Nov 20, 2006 20:09

Money Times:
Ruchira Papers Ltd., a Kraft paper manufacturing company will enter the capital market with an IPO through the book building process in a price band of Rs.21 to Rs.23 aggregating to Rs.28.5 cr. will open on Thursday, 23rd November and close on Wednesday, 29th November’06. The issue comprises promoters contribution aggregating to Rs.5 cr. with the net offer to the public aggregating to Rs.23.50 cr.

Ruchira is setting up a new manufacturing plant of 33000 TPA capacity for the manufacture of writing and printing paper including a chemical recovery plant and a 6 MW captive power co-generation plant, which will result in substantial reduction in cost of production. After expansion, the total capacity would increase to 85800 TPA from 52800 TPA at present.

The plant is strategically located at Kala-Amb (H.P.) and is eligible for various tax benefits, viz. 100% Excise Duty exemption upto 2013. Income Tax exemption to the extent of 100% for the first 5 years and thereafter exemption upto 30% for the next 5 years. The company is eligible for concessional rate of sales tax at 1% instead of 4% regular tax. The company is also eligible for Capital Subsidy.

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