Bookbuilding IPO | ₹114 Cr | Listed at BSE, NSE | Mon, Jul 20, 2009 - Thu, Jul 23, 2009
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 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,000 (50 shares) (based on upper price). 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 Open
Mon, Jul 20, 2009
IPO Close
Thu, Jul 23, 2009
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹432.12 Cr
| IPO Date | 20 to 23 Jul, 2009 |
| Listed on | Wed, Aug 12, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 95,00,008 shares (agg. up to ₹114 Cr) |
| Fresh Issue | 95,00,008 shares (agg. up to ₹114 Cr) |
| Share Holding Pre Issue | 2,65,10,100 shares |
| Share Holding Post Issue | 3,60,10,100 shares |
| BSE Script Code / NSE Symbol | 533093 / RAJOIL |
| ISIN | INE294G01018 |
Raj Oil Mills IPO comprises a total issue size of 95,00,000 shares. Out of which, 47,50,000 (50.00%) are allocated to QIB, 14,25,000 (15.00%) allocated to NII 33,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 29.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 71.67% | 52.76% |
| Market Cap | ₹432.12 Cr. |
The Raj Oil Mills IPO is subscribed 1.24 times on July 23, 2009 5:00:00 PM (Day 4). The public issue subscribed 0.77 times in the retail category, 0.75 times in the QIB category, and 3.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.75 | 47,50,000 | |
| NII | 3.98 | 14,25,000 | |
| Retail | 0.77 | 33,25,000 | |
| Total | 1.24 | 95,00,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to Book Running Lead Managers | 3.94 |
| 2 | Fees to Registrar to the Issue | 0.05 |
| 3 | Fees to Legal Advisor to the Issue | 0.06 |
| 4 | Fees to Auditors | 0.06 |
| 5 | Underwriting Commission | 0.63 |
| 6 | Selling Commission | 3.14 |
| 7 | Escrow Bankers Charges | |
| 8 | IPO Grading Expenses | 0.06 |
| 9 | Printing & Stationery | 0.93 |
| 10 | Advertisement Expenses | 1.26 |
| 11 | Other Expenses (including filing fees, listing fees, depository charges etc.) | 0.34 |
| 12 | Contingencies | 0.30 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹125.05 | ₹120.00 |
| Low | ₹115.60 | ₹115.25 |
| High | ₹133.70 | ₹133.50 |
| Last Trade | ₹119.30 | ₹119.25 |
Lead Manager Reports
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 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 50.
The IPO opens on Mon, Jul 20, 2009, and closes on Thu, Jul 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 Mon, Jul 20, 2009 and closes on Thu, Jul 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 Wed, Aug 12, 2009.
