Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Raghuvir Exim Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on May 22, 2024.
Raghuvir Exim Ltd. IPO was a Book Build Issue of 1.85 crore equity shares consisting of a fresh issue of upto 1.40 crore equity shares and an offer for sale (OFS) of upto 0.45 crore equity shares.
The equity shares were proposed to be listed on NSE and BSE. Unistone Capital Pvt.Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,85,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 1,40,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 45,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Post Issue | 1,40,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Apr 3, 2024 |
| Offer document withdrawn | Wed, May 22, 2024 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 1992, Raghuvir Exim Limited is a textile processing company engaged in converting semi-finished fabrics into finished home textile products. The company manufactures items such as bedsheets, pillowcases, duvet covers, comforters, quilts, and curtains, which are sold as pack sets. Raghuvir Exim Limited also trades in grey cloth and finished fabrics.
Incorporated in 1992, the company has been operational for over three decades and uses a wide range of fabrics in its products, including polyester, cotton, cotton/polyester blends, cotton modal, cotton tencel, and poly cotton. A significant portion of the company’s revenue is derived from exports.
Product Portfolio: Bedsheets, pillowcases, duvet covers, comforters, quilts, curtains, table linens, kitchen linens, grey cloth (trading), and finished fabrics (trading).
Export Presence & Market Reach: Key export markets include the United States of America, Canada, United Kingdom, Israel, and Australia.
Global Reach: Exported to over 25 countries in each of the last three financial years
Customer Base (as of September 30, 2023): 80+ customers, Top 10 customers’ contribution: 55.21% of revenue, and Top 5 customers’ contribution: 33.87% of revenue.
Raghuvir Exim Limited carries out its manufacturing operations through two units located in Ahmedabad. Unit I and Unit II produce a wide range of home textile products including bedsheets, pillowcases, duvet covers, curtains, comforters, quilts, table linens, and kitchen linens. Both units are equipped with facilities for raw material storage, manufacturing infrastructure, and finished goods storage.
Total Workforce (as of February 29, 2024): 99 employees.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 230.24 | 194.78 | 194.27 | 173.33 |
| Total Income | 155.25 | 250.79 | 272.28 | 213.38 |
| Profit After Tax | 11.96 | 19.24 | 7.05 | 8.92 |
| NET Worth | 96.51 | 84.52 | 65.19 | 58.10 |
| Reserves and Surplus | 44.01 | 82.02 | 62.69 | 55.59 |
| Total Borrowing | 118.36 | 85.53 | 95.08 | 80.49 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements of our Company towards setting up of two Stitching Units situated at Village Vansva, Taluka Viramgam, Ahmedabad, Gujarat. | 112.87 |
| 2 | General Corporate Purposes. |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 25.70% |
| ROCE | 18.78% |
| Debt/Equity | 1.14 |
| RoNW | 25.70% |
| PAT Margin | 7.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.66 | |
| Promoter Holding | 100% |
Lead Manager Reports
Raghuvir Exim IPO is a main-board IPO of 1,85,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Raghuvir Exim IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Raghuvir Exim IPO using UPI as a payment gateway. Zerodha customers can apply in Raghuvir Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raghuvir Exim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raghuvir Exim IPO dates are not announced. Please check back again after some time.
Raghuvir Exim IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Raghuvir Exim 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 Raghuvir Exim IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Raghuvir Exim IPO allotment status.
The Raghuvir Exim IPO listing date is not yet announced. The tentative date of listing is .
