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Ruchira Papers Limited IPO (Ruchira IPO) Detail

November 23, 2006 - November 29, 2006

Ruchira IPO is a book built issue of Rs 23.50 crores.

Ruchira IPO bidding started from November 23, 2006 and ended on November 29, 2006. The shares got listed on BSE, NSE on December 20, 2006.

Ruchira IPO price band is set at ₹21 to ₹23 per share.

A.K. Capital Services Limited is the book running lead manager of the Ruchira IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Ruchira IPO RHP for detailed information.

Ruchira IPO Details

IPO Date November 23, 2006 to November 29, 2006
Listing Date December 20, 2006
Face Value ₹10 per share
Price Band ₹21 to ₹23 per share
Lot Size
Total Issue Size10,217,000 shares
(aggregating up to ₹23.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue10,030,500
Share holding post issue22,421,804

Ruchira IPO Promoter Holding

Share Holding Pre Issue 71.47%
Share Holding Post Issue 40.33%

About Ruchira Papers Limited

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).

Key Performance Indicator

Objects of the Issue (Ruchira IPO Objectives)

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 Prospectus

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Ruchira IPO Listing Details

Listing Date December 20, 2006
BSE Script Code 532785
ISIN INE803H01014
Final Issue Price ₹23 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
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Ruchira Papers Limited Contact Details

Ruchira Papers Limited
Ruchira Papers Limited,
Trilokpur Road, Kala-Amb,
District Sirmour, Himachal Pradesh, India
Phone: +91-1702-238654

Ruchira IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Ruchira IPO - Buy or Not

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Ruchira IPO FAQs

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 share. The minimum order quantity is .

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

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

The Ruchira IPO opens on November 23, 2006 and closes on November 29, 2006.

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

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

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

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13. K.R.BHATTAR |   Link |  Bookmark |January 1, 2007 8:04:18 PM
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
Yours faithfully,

H.NO.2-2-23/5,SBH colony,
Bagh AMBERPET,hyderabad-500013 K.R.BHATTAR
12. KVKP RAO |   Link |  Bookmark |December 27, 2006 10:01:04 PM
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 |   Link |  Bookmark |December 20, 2006 10:45:22 PM
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 |   Link |  Bookmark |December 20, 2006 6:09:28 AM
Listing on 20th December along with Sobha... what could be the listing price?..
9. Murali |   Link |  Bookmark |December 14, 2006 3:13:50 AM
Hi friends I have applyed for 500 and got 250. when is the listing
8. pankaj |   Link |  Bookmark |December 13, 2006 11:16:01 PM
I applied for 500, got 250 shares. When is going to list ?
7. Prasanna |   Link |  Bookmark |December 13, 2006 12:44:28 AM
Hi all,

Any idea of when the allotment status of Ruchira be announced and when will it get listed
6. KVKP RAO |   Link |  Bookmark |December 8, 2006 9:25:22 PM
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 |   Link |  Bookmark |December 4, 2006 5:24:23 AM
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 |   Link |  Bookmark |November 30, 2006 8:51:49 AM
Ruchira Papers on 29-Nov-2006 20:00:00 IST (Almost Final Subscribtion)

No. of times issue is subscribed 2.68
3. Vikram R |   Link |  Bookmark |November 29, 2006 6:28:22 AM
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 |   Link |  Bookmark |November 27, 2006 8:35:15 PM
Ruchira Papers Ltd. bidding status as on 24-Nov-2006 17:00:00 IST

No. of times issue is subscribed: 1.00
1. Vikram |   Link |  Bookmark |November 20, 2006 7:09:18 PM
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.