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Raj Oil Mills IPO is a book build issue of ₹114.00 crores. The issue is entirely a fresh issue of 0.95 crore shares of ₹114.00 crore.
Raj Oil Mills IPO bidding started from Jul 20, 2009 and ended on Jul 23, 2009. The shares got listed on BSE, NSE on Aug 12, 2009.
Raj Oil Mills IPO price band is set at ₹120.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹5,000 (50 shares). The lot size investment for sNII is 34 lots (1,700 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (8,350 shares), amounting to ₹10,02,000.
Karvy Investor Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Raj Oil Mills IPO RHP for detailed Information.
| IPO Date | July 20, 2009 to July 23, 2009 |
| Listing Date | August 12, 2009 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹120 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 95,00,008 shares (aggregating up to ₹114.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,65,10,100 shares |
| Share Holding Post Issue | 3,60,10,100 shares |
Raj Oil Mills IPO offers total 95,00,000 shares. Out of which 47,50,000 (50.00%) allocated to QIB, 14,25,000 (15.00%) allocated to NII, 33,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 47,50,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 14,25,000 (15.00%) | NA |
| Retail Shares Offered | 33,25,000 (35.00%) | 66,500 |
| Total Shares Offered | 95,00,000 (100.00%) |
Raj Oil Mills IPO opens on July 20, 2009, and closes on July 23, 2009.
| IPO Open Date | Mon, Jul 20, 2009 |
| IPO Close Date | Thu, Jul 23, 2009 |
| Tentative Listing Date | Wed, Aug 12, 2009 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 23, 2009 |
Investors can bid for a minimum of 50 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 | 50 | ₹6,000 |
| Retail (Max) | 33 | 1,650 | ₹1,98,000 |
| S-HNI (Min) | 34 | 1,700 | ₹2,04,000 |
| S-HNI (Max) | 166 | 8,300 | ₹9,96,000 |
| B-HNI (Min) | 167 | 8,350 | ₹10,02,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2001, Raj Oil Mills Ltd is in the business of manufacturing and processing of coconut, groundnut, mustard, and soya bean oil. Raj Oil Mills is the oldest (founded in 1943) and the most successful oil production company in India. Company's products are sold under three brands i.e ‘Cocoraj’, ‘Guinea’ and ‘Raj’. These brands are in existence for more than 5 decades.
At present, Raj Oil Mills is engaged in the business of Crushing and Oil Filtration with a capacity of 5000 TPA and 30000 TPA respectively. Company have products under the following brands:
1. Cocoraj (Coconut Oil)
2. Cocoraj Cool (Ayurvedic Oil)
3. Guinea Groundnut Oil (Double Filtered Oil)
4. Guinea Lite Groundnut Oil (Refined Oil)
5. Guinea Lite Sunflower Oil (Refined Oil)
6. Guinea Lite Cottonseed Oil (Refined Oil)
7. Guinea Lite Soyabean Oil (Refined Oil)
8. Tilraj Til Oil
9. Mustraj Mustard Oil
10. Cocoraj Jasmine
| KPI | Values |
|---|---|
| RoNW | 29.52% |
The Company Raj Oil Mills IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of facilities at Manor | 49.04 |
| 2 | Setting up of Crushing unit of 200 TPD for sesame and Mustard at Bagru, district Jaipur | 25.69 |
| 3 | Professional and Consultancy Fees | 3.29 |
| 4 | Research & Development facilities | 1.37 |
| 5 | Miscellaneous and other Assets | 0.90 |
| 6 | Provision for Contingencies | 2.06 |
| 7 | Margin Money for Working Capital Requirements | 14.67 |
| 8 | Brand Promotion and Expansion of Marketing & Distribution Network | 9.00 |
| 9 | Public Issue Expenses | 10.76 |
| 10 | General Corporate Purposes | 16.97 |
ICRA has assigned an IPO Grade 2 to Raj Oil Mills Ltd IPO. This means as per ICRA, company has Below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong .Link to download Care rating document.
| Listing Date | August 12, 2009 |
| BSE Script Code | 533093 |
| NSE Symbol | RAJOIL |
| ISIN | INE294G01018 |
| Final Issue Price | ₹120 per share |
| BSE Listing Group | B |
Raj Oil Mills Ltd.
Raj Oil Mills Ltd,
224 - 230, Bellasis Road,
Mumbai - 400 008.
Mumbai, Maharashtra
Phone: + 91-22-23021996 – 98
Email: ipo@rajoilmillsltd.com
Website: http://www.rajoilmillsltd.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: iporaj@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Raj Oil Mills IPO is a main-board IPO of 95,00,008 equity shares of the face value of ₹10 aggregating up to ₹114.00 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 50.
The IPO opens on July 20, 2009, and closes on July 23, 2009.
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 Raj Oil Mills IPO using UPI as a payment gateway. Zerodha customers can apply in Raj Oil Mills IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raj Oil Mills IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raj Oil Mills IPO opens on July 20, 2009 and closes on July 23, 2009.
Raj Oil Mills IPO lot size is 50, and the minimum amount required for application is ₹6,000.
You can apply in Raj Oil Mills 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 Raj Oil Mills IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raj Oil Mills IPO allotment status.
The Raj Oil Mills IPO listing date is on Wednesday, August 12, 2009.
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