Bookbuilding FPO | ₹55 Cr | Listed at BSE | Thu, Jan 12, 2006 - Wed, Jan 18, 2006
Raj Rayon FPO is a book build issue of ₹55.25 crores. The issue is entirely a fresh issue of 0.85 crore shares of ₹55.25 crore.
Raj Rayon FPO bidding started from Jan 12, 2006 and ended on Jan 18, 2006. The shares got listed on the BSE on Feb 3, 2006.
Raj Rayon FPO is set final issue price at ₹65 per share.
Standard Chartered Securities (India) Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Raj Rayon FPO RHP for detailed Information.
FPO Open
Thu, Jan 12, 2006
FPO Close
Wed, Jan 18, 2006
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹110.62 Cr
| IPO Date | 12 to 18 Jan, 2006 |
| Listed on | Fri, Feb 3, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹65 |
| Issue Price | ₹65 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 85,00,000 shares (agg. up to ₹55 Cr) |
| Fresh Issue | 85,00,000 shares (agg. up to ₹55 Cr) |
| Share Holding Pre Issue | 85,17,700 shares |
| Share Holding Post Issue | 1,70,17,700 shares |
| BSE Script Code | 530699 RAJRILTD |
| ISIN | INE533D01032 |
Raj Rayon FPO comprises a total issue size of 85,00,000 shares. The net offer to the public is 68,00,000 shares, after excluding 17,00,000 shares under a preferential allotment. Of the Net offer 34,00,000 (50.00%) are allocated to QIB, 10,20,000 (15.00%) allocated to NII 23,80,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 34,00,000 | 50.00% | 40.00% |
| NII (HNI) Shares Offered | 10,20,000 | 15.00% | 12.00% |
| Retail Shares Offered | 23,80,000 | 35.00% | 28.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 8,50,000 | 10.00% | |
| Shareholders Shares Offered | 8,50,000 | 10.00% | |
| Total Shares Offered | 85,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹2 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹2 Lakhs (EMP) + RII 'OR' NII limits | Yes (SH/EMP/RII) |
Raj Rayon Industries specializes in the manufacture of Polyester Texturised Yarn (PTY) since its inception. Over the time, it has expanded its operations to include three texturising units with varying capacities: Unit I (1,200 TPA), Unit II (5,200 TPA) located at Village Amli, Silvassa, and Unit III (15,240 TPA) at Village Dadra.
Its primary product, PTY, is widely used in the weaving of fabrics for applications such as suiting, shirting, dress materials, sarees, hosiery, knitted fabrics, zipper fasteners, curtains, industrial cloth, and high-value fancy yarns for upholstery and fashion textiles. The key raw material used in PTY production is Partially Oriented Yarn (POY).
| Period Ended | 31 Jul 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 121.82 | 99.19 | 61.58 | 39.70 |
| Total Income | 60.24 | 154.97 | 112.81 | 106.45 |
| Profit After Tax | 3.62 | 5.14 | 3.28 | 2.09 |
| NET Worth | 28.97 | 25.36 | 21.26 | 16.56 |
| Reserves and Surplus | 20.56 | 16.94 | 12.76 | 10.14 |
| Total Borrowing | 75.89 | 55.46 | 33.75 | 21.02 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Cost for Setting-up a Partially Oriented Yarn (POY) Manufacturing Unit | 0.72 |
| 2 | Public Issue Expenses | 0.04 |
| 3 | Working Capital Requirement (Excluding Margin for Working Capital Requirement) | 0.25 |
| Total | 1.02 |
| KPI | Jul 31, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 17.40% | 20.27% |
| Price to Book Value | 1.91 | 2.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.03 | 6.38 |
| P/E (x) | 10.77 | 10.18 |
| Promoter Holding | 45.14% | 23.1% |
| Market Cap | ₹110.62 Cr. |
The Raj Rayon FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 3.86 | 85,00,000 | 3,28,11,821 | |
Note: Eligible Shareholders: Shareholders of Group Company, Sangam Spinfab Private Limited
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Underwriting, Brokerage and Selling Commission | 2.09 |
| 2 | Advertisement & Marketing Expenses | 0.40 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 1.50 |
| 4 | Other Expenses (incl. Fees of Registrar, Legal Advisor, Auditors and Tax Auditors, Filing Fees, Depository Charges, etc.) | 0.30 |
| Total | 4.29 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹58.45 |
| Low | ₹55.50 |
| High | ₹58.50 |
| Last Trade | ₹55.95 |
Lead Manager Reports
Raj Rayon FPO is a main-board FPO of 85,00,000 equity shares of the face value of ₹10 aggregating up to ₹55 Crores. The issue is priced at ₹65 per share. The minimum order quantity is .
The FPO opens on Thu, Jan 12, 2006, and closes on Wed, Jan 18, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Raj Rayon FPO using UPI as a payment gateway. Zerodha customers can apply in Raj Rayon FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raj Rayon FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raj Rayon FPO opens on Thu, Jan 12, 2006 and closes on Wed, Jan 18, 2006.
Raj Rayon FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Raj Rayon FPO 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 Raj Rayon FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Raj Rayon FPO allotment status.
The Raj Rayon FPO listing date is on Fri, Feb 3, 2006.
