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R&B Denims IPO is a fixed price issue of ₹3.71 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹3.71 crore.
R&B Denims IPO bidding started from Mar 28, 2014 and ended on Apr 4, 2014. The shares got listed on BSE SME on Apr 22, 2014.
R&B Denims IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Hem Securities 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 Hem Securities Ltd..
Refer to R&B Denims IPO RHP for detailed Information.
| IPO Date | March 28, 2014 to April 4, 2014 |
| Listing Date | April 22, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,10,000 shares (aggregating up to ₹3.71 Cr) |
| Reserved for Market Maker | 1,90,000 shares Hem Securities Ltd. (aggregating up to ₹0.1900 Cr) |
| Net Offered to Public | 35,20,000 shares (aggregating up to ₹3.52 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,02,84,688 shares |
| Share Holding Post Issue | 1,39,94,688 shares |
R & B Denims IPO offers total 37,10,000 shares. Out of which 17,60,000 (47.44%) allocated to NII, 17,60,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,90,000 (5.12%) |
| NII (HNI) Shares Offered | 17,60,000 (47.44%) |
| Retail Shares Offered | 17,60,000 (47.44%) |
| Total Shares Offered | 37,10,000 (100.00%) |
R&B Denims IPO opens on March 28, 2014, and closes on April 4, 2014.
| IPO Open Date | Fri, Mar 28, 2014 |
| IPO Close Date | Fri, Apr 4, 2014 |
| Tentative Listing Date | Tue, Apr 22, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 4, 2014 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, R & B Denims Ltd is engaged in denim textile production and marketing. Company's products include open end/ ring spun yarns, slub yarns, multi count, cottons and polyester spandex. They come as Indigo dyed, Sulphur Dyed, Indigo bottom Sulphur toppings and Sulphur bottom and Indigo toppings, with both foam and wet finishes.
These are the main products manufactured under the umbrella of “R & B Denims”, along with others fancy yarn play in weft patterns in different weave designs. All of these, in various chemical and mechanical finishes. R & B Denims has a production capacity of more than 20 million meters per annum.
| KPI | Values |
|---|---|
| RoNW | 0.04% |
The Company R&B Denims IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Part Repayment of Term Loan-II taken from Bank of India | 3.30 |
| 2 | Issue Expenses | 0.41 |
[Dilip Davda] <p>The issue that has entry barrier as well is not worth for average investors.</p> Read detail review...
| Listing Date | April 22, 2014 |
| BSE Script Code | 538119 |
| NSE Symbol | |
| ISIN | INE012Q01013 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.55 |
| Low | ₹10.55 |
| High | ₹11.05 |
| Last Trade | ₹11.05 |
R&B Denims Ltd.
Block No. 467,
Sachin Palsana Road,
Palsana,
Surat, Gujarat, 394315
Phone: +91-9601281648
Email: compliance@rnbdenims.com
Website: http://www.rnbdenims.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
R&B Denims IPO is a SME IPO of 37,10,000 equity shares of the face value of ₹10 aggregating up to ₹3.71 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on March 28, 2014, and closes on April 4, 2014.
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&B Denims IPO using UPI as a payment gateway. Zerodha customers can apply in R&B Denims IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in R&B Denims IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The R&B Denims IPO opens on March 28, 2014 and closes on April 4, 2014.
R&B Denims IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in R&B Denims 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&B Denims IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the R&B Denims IPO allotment status.
The R&B Denims IPO listing date is on Tuesday, April 22, 2014.
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