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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 ₹135.00 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). The minimum lot size investment for 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 Date | May 20, 2022 to June 2, 2022 |
| Listing Date | June 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 56,50,000 shares (aggregating up to ₹76.28 Cr) |
| Reserved for Market Maker | 2,84,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹3.83 Cr) |
| Fresh Issue (Ex Market Maker) | 25,41,000 shares (aggregating up to ₹34.30 Cr) |
| Offer for Sale | 28,25,000 shares of ₹10 (aggregating up to ₹38.14 Cr) |
| Net Offered to Public | 53,66,000 shares (aggregating up to ₹72.44 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,57,80,000 shares |
| Share Holding Post Issue | 1,86,05,000 shares |
Rachana Infrastructure IPO offers total 56,50,000 shares. Out of which 26,83,000 (47.49%) allocated to NII, 26,83,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,84,000 (5.03%) |
| NII (HNI) Shares Offered | 26,83,000 (47.49%) |
| Retail Shares Offered | 26,83,000 (47.49%) |
| Total Shares Offered | 56,50,000 (100.00%) |
Rachana Infrastructure IPO opens on May 20, 2022, and closes on June 2, 2022.
| IPO Open Date | Fri, May 20, 2022 |
| IPO Close Date | Thu, Jun 2, 2022 |
| Tentative Listing Date | Fri, Jun 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 2, 2022 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,35,000 |
| Retail (Max) | 1 | 1,000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 8,784.50 | 8,043.07 | 10,618.21 | 7,981.82 | |
| Total Revenue | 4,171.07 | 10,705.67 | 15,840.55 | 11,393.32 | |
| Profit After Tax | 139.85 | 455.31 | 597.13 | 466.45 | |
The market capitalization of Rachana Infrastructure IPO is ₹256.75 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 138 |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Repayment of Secured Loans.
2. Working capital requirement.
3. General Corporate Purpose.
4. Meeting Public Issue Expenses.
[Dilip Davda] RIL is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on its latest financial performance, the issue is exorbitantly priced. There is no harm in skipping this pricy bet. Read detail review...
| Listing Date | June 10, 2022 |
| BSE Script Code | |
| NSE Symbol | RILINFRA |
| ISIN | INE02OY01016 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹138.00 |
| Low | ₹138.00 |
| High | ₹140.00 |
| Last Trade | ₹138.55 |
Rachana Infrastructure Ltd.
404, 405, 4th Floor,
Angel Complex, Nr. Income Tax Railway Crossing,
Nr. Oassis Hotel, Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: 079 - 26560327
Email: info@rachanainfra.com
Website: https://rachanainfra.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rachana Infrastructure IPO is a SME IPO of 56,50,000 equity shares of the face value of ₹10 aggregating up to ₹76.28 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on May 20, 2022, and closes on June 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 May 20, 2022 and closes on June 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 Friday, June 10, 2022.
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