Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Tue, Sep 10, 2013 - Thu, Sep 12, 2013
R J Bio-Tech IPO is a fixed price issue of ₹5.00 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹5.00 crore.
R J Bio-Tech IPO bidding started from Sep 10, 2013 and ended on Sep 12, 2013. The allotment for R J Bio-Tech IPO was finalized on Sep 13, 2013. The shares got listed on BSE SME on Sep 25, 2013.
R J Bio-Tech IPO price is ₹20 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to R J Bio-Tech IPO DRHP for detailed Information.
IPO Open
Tue, Sep 10, 2013
IPO Close
Thu, Sep 12, 2013
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹18.94 Cr
| IPO Date | 10 to 12 Sep, 2013 |
| Listed on | Wed, Sep 25, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,02,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,26,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2520 Cr) |
| Fresh Issue (Ex Market Maker) | 23,76,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 23,76,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 69,65,600 shares |
| Share Holding Post Issue | 94,67,600 shares |
| BSE Script Code | 536456 |
| ISIN | INE594O01015 |
R J Bio-Tech IPO comprises a total issue size of 25,02,000 shares. The net offer to the public is 23,76,000 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 11,88,000 (50.00%) allocated to NII 11,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,88,000 | 50.00% | 47.48% |
| Retail Shares Offered | 11,88,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,26,000 | 5.04% | |
| Total Shares Offered | 25,02,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in December 2005, R J Biotech Ltd. is an agri-biotechnology company that focuses on developing proprietary hybrids with improved nutritional and economic characteristics. The company works with various crops, including fiber crops like cotton, cereal crops such as rice, maize, and pearl millet, and a variety of vegetable crops.
The company operates well-equipped research stations in Aurangabad and Hyderabad, staffed by experienced scientists and breeders.
These facilities enhance crop improvement, production, and marketing of hybrid seeds. R J Bio-Tech has released 31 field and 42 vegetable crop hybrids, establishing leadership in states for chili, tomato, okra, and watermelon hybrids.
The company runs processing plants with a total capacity of 45,000 metric tons per year and provides about 40,000 square feet of storage. Its network spans several Indian states, backed by 250-300 dealers, 300-350 distributors, and 1,000-1,500 sub-dealers focused on delivering quality seeds to farmers.
The company offers a wide range of hybrid seeds, including:
Field Crops: Cotton, maize, bajra (pearl millet), paddy (rice), and wheat
Vegetables: Tomato, chili, okra (ladyfinger), watermelon, brinjal (eggplant), and gourds
Other Crops: Sunflower and mustard
The company's strong distribution network comprises over 1,000 sub-dealers and distributors, making its products accessible to farmers nationwide.
As of March 2013, the company had 110 employees, with over 45% in sales and marketing and 18% in R&D activities, supporting expansion plans.
| Period Ended | 31 Mar 2013 | 31 Mar 2012 | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|---|---|
| Assets | 40.56 | 38.55 | 27.62 | 17.32 | 11.15 |
| Total Income | 19.85 | 16.10 | 13.44 | 9.12 | 5.50 |
| Profit After Tax | 1.30 | 0.54 | 0.41 | 0.40 | 0.20 |
| Reserves and Surplus | 7.51 | 4.93 | 2.79 | 0.61 | 0.21 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requiremen | 4.40 |
| 2 | ssue Expenses | 0.60 |
| KPI | Mar 31, 2013 |
|---|---|
| Debt/Equity | 1.28 |
| RoNW | 11.21% |
| PAT Margin | 7.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.87 | 1.38 |
| P/E (x) | 10.69 | 14.53 |
| Promoter Holding | 81.94% | 60.29% |
| Market Cap | ₹18.94 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc and other outof pocket expenses | 0.45 |
| 2 | Regulatory Fees and other expenses | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹21.00 |
| High | ₹22.05 |
| Last Trade | ₹22.05 |
Lead Manager Reports
R J Bio-Tech IPO is a SME IPO of 25,02,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Sep 10, 2013, and closes on Thu, Sep 12, 2013.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in R J Bio-Tech IPO using UPI as a payment gateway. Zerodha customers can apply in R J Bio-Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in R J Bio-Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The R J Bio-Tech IPO opens on Tue, Sep 10, 2013 and closes on Thu, Sep 12, 2013.
R J Bio-Tech IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in R J Bio-Tech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for R J Bio-Tech IPO will be done on Friday, September 13, 2013, and the allotted shares will be credited to your demat account by Mon, Sep 16, 2013. Check the R J Bio-Tech IPO allotment status.
The R J Bio-Tech IPO listing date is on Wed, Sep 25, 2013.
