Fixed Price IPO | ₹76 Cr | Listed at NSE SME | Fri, May 20, 2022 - Thu, Jun 2, 2022
Rachana Infrastructure IPO is a fixed price issue of ₹76.28 crores. The issue is a combination of fresh issue of 0.28 crore shares aggregating to ₹38.14 crores and offer for sale of 0.28 crore shares aggregating to ₹38.14 crores.
Rachana Infrastructure IPO bidding started from May 20, 2022 and ended on Jun 2, 2022. The shares got listed on NSE SME on Jun 10, 2022.
Rachana Infrastructure IPO price is ₹135 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,70,000.
Interactive Financial Services 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 NNM Securities Pvt.Ltd..
Refer to Rachana Infrastructure IPO RHP for detailed Information.
IPO Open
Fri, May 20, 2022
IPO Close
Thu, Jun 2, 2022
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹256.75 Cr
| IPO Date | 20 May to 2 Jun, 2022 |
| Listed on | Fri, Jun 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 56,50,000 shares (agg. up to ₹76 Cr) |
| Reserved for Market Maker | 2,84,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 25,41,000 shares (agg. up to ₹34 Cr) |
| Offer for Sale | 28,25,000 shares of ₹10 (agg. up to ₹38 Cr) |
| Net Offered to Public | 53,66,000 shares (agg. up to ₹72 Cr) |
| Share Holding Pre Issue | 1,57,80,000 shares |
| Share Holding Post Issue | 1,86,05,000 shares |
| NSE Symbol | RILINFRA |
| ISIN | INE02OY01016 |
Rachana Infrastructure IPO comprises a total issue size of 56,50,000 shares. The net offer to the public is 53,66,000 shares, after excluding 2,84,000 shares allotted on a firm basis. Of the Net offer 26,83,000 (50.00%) allocated to NII 26,83,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 26,83,000 | 50.00% | 47.49% |
| Retail Shares Offered | 26,83,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,84,000 | 5.03% | |
| Total Shares Offered | 56,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,35,000 |
| Retail (Max) | 1 | 1,000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
Rachana Infrastructure Limited offers infrastructure and civil construction services. Rachana Infrastructure is a mid-size private sector company engaged in the business of construction of roads and highways, irrigation, hydropower project and mining and pipeline construction. Rachana Infrastructure Limited is expanding business in the other states of India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.
The roads project that the company has executed are MPRDC- ADB Loan IV, OPAL Petrochemical Refinery Road work at Dajeh SEZ, C.C Road Construction for MP PWD and Vadodara-Mumbai 6 Lane Highway.
Rachana Infrastructure Limited has an in-house integrated system and machinery for all stages of mining, right from Mining/Extraction of raw material from the mine up to Crushing and Finished Production of Black Trap Stone Aggregate.
Competitive Strength
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of secured Loans | 7.50 |
| 2 | Working capital requirement | 21.50 |
| 3 | General corporate purposes | 9.39 |
| KPI | |
|---|---|
| Debt/Equity | 0.57 |
| RoNW | 11.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.66 | |
| P/E (x) | 138 | |
| Promoter Holding | 83.44% | |
| Market Cap | ₹256.75 Cr. |
The Rachana Infrastructure IPO is subscribed 1.21 times on June 2, 2022 5:00:00 PM (Day 10). The public issue subscribed 0.6 times in the retail category, [.] times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.82 | 26,83,000 | 48,81,000 |
| Retail | 0.6 | 26,83,000 | 16,07,000 |
| Total | 1.21 | 53,66,000 | 64,88,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.24 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Legal Advisor | 0.03 |
| 4 | Registrar to the Issue | 0.01 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | other expenses (Market Making fees etc.) | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹138.00 |
| Low | ₹138.00 |
| High | ₹140.00 |
| Last Trade | ₹138.55 |
Lead Manager Reports
Rachana Infrastructure IPO is a SME IPO of 56,50,000 equity shares of the face value of ₹10 aggregating up to ₹76 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on Fri, May 20, 2022, and closes on Thu, Jun 2, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rachana Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Rachana Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rachana Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rachana Infrastructure IPO opens on Fri, May 20, 2022 and closes on Thu, Jun 2, 2022.
Rachana Infrastructure IPO lot size is 1000, and the minimum amount required for application is ₹1,35,000.
You can apply in Rachana Infrastructure 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 Rachana Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rachana Infrastructure IPO allotment status.
The Rachana Infrastructure IPO listing date is on Fri, Jun 10, 2022.
