Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Rahee Infratech Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on January 10, 2025.
Rahee Infratech Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on NSE and BSE. IIFL Capital Services Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Oct 3, 2024 |
| Offer document withdrawn | Fri, Jan 10, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Established in 1996, Rahee Infratech Limited (RIL) is a prominent Indian company specializing in railway infrastructure and manufacturing. The company provides manufacturing and construction services, including the design, supply, construction and installation of tracks, turnkey bridge construction projects, including both substructure and superstructure; and the design, manufacture and supply of turnouts and track devices, rail fastening systems and sleepers.
Clientele: RIL's clients include Indian Railways, RVNL, IRCON, Srilankan Railways, Bangladesh Railways, Konkan Railways, Mumbai Metropolitan Region Development Authority, Nagpur Metro, Delhi Metro, Kolkata Metro, Mumbai Metro, Chennai Metro, Gujarat Metro, and AFCONS.
Notable Projects: RIL's notable projects include the Jiribam-Imphal Rail Link, Udhampur-Srinagar-Baramulla Rail Link, and the 4.5 km Rail Cum Road Steel Bridge over the River Ganga near Patna, showcasing its expertise in turnkey railway infrastructure project.
Manufacturing Excellence: With eight state-of-the-art manufacturing facilities located in the Eastern region around Kolkata/Bhubaneswar and the Southern region around Hyderabad, RIL produces a wide range of track products for railways.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 862.25 | 671.34 | 561.60 |
| Total Income | 975.18 | 789.12 | 561.16 |
| Profit After Tax | 61.00 | 50.53 | 43.90 |
| NET Worth | 313.35 | 242.39 | 193.80 |
| Total Borrowing | 214.10 | 157.70 | 138.17 |
| 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 of capital expenditure requirements of the Company towards purchase of machinery, equipment and vehicles. | 50.00 |
| 2 | Funding the working capital requirements of the Company | 280.00 |
| 3 | General Corporate Purposes |
| KPI | |
|---|---|
| ROCE | 19.96% |
| Debt/Equity | 0.54 |
| RoNW | 22.76% |
| PAT Margin | 6.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.83% |
Lead Manager Reports
Rahee Infratech IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Rahee Infratech IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rahee Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Rahee Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rahee Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rahee Infratech IPO dates are not announced. Please check back again after some time.
Rahee Infratech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Rahee Infratech 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 Rahee Infratech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rahee Infratech IPO allotment status.
The Rahee Infratech IPO listing date is not yet announced. The tentative date of listing is .
