Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Wed, Mar 31, 2021 - Tue, Apr 6, 2021
Rajeshwari Cans IPO is a fixed price issue of ₹4.03 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹4.03 crore.
Rajeshwari Cans IPO bidding started from Mar 31, 2021 and ended on Apr 6, 2021. The allotment for Rajeshwari Cans IPO was finalized on Apr 9, 2021. The shares got listed on BSE SME on Apr 15, 2021.
Rajeshwari Cans IPO price is ₹20 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Rajeshwari Cans IPO RHP for detailed Information.
IPO Open
Wed, Mar 31, 2021
IPO Close
Tue, Apr 6, 2021
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹10.49 Cr
| IPO Date | 31 Mar to 6 Apr, 2021 |
| Listed on | Thu, Apr 15, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 20,16,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 1,08,000 shares Beeline Broking Ltd. (agg. up to ₹0.2160 Cr) |
| Fresh Issue (Ex Market Maker) | 19,08,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 19,08,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 32,30,000 shares |
| Share Holding Post Issue | 52,46,000 shares |
| BSE Script Code | 543285 |
| ISIN | INE0CQ101015 |
Rajeshwari Cans IPO comprises a total issue size of 20,16,000 shares. The net offer to the public is 19,08,000 shares, after excluding 1,08,000 shares allotted on a firm basis. Of the Net offer 9,54,000 (50.00%) allocated to NII 9,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,54,000 | 50.00% | 47.32% |
| Retail Shares Offered | 9,54,000 | 50.00% | 47.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,000 | 5.36% | |
| Total Shares Offered | 20,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2013, Rajeshwari Cans Limited is primarily engaged in the business of manufacturing round-printed tin containers of different sizes for packing material and also performs printing work on it. The company supplies its tin containers to tobacco manufacturers and paint companies. It manufactures 50 gm to 500 gm containers for the packing of tobacco material and up to 5 liters of containers for the paint industry.
It has a manufacturing unit at Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate where it carries out all of the manufacturing activities.
Competitive strengths
| 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 | Meeting incremental working capital requirements | 2.90 |
| 2 | General corporate purposes | 0.73 |
The Rajeshwari Cans IPO is subscribed 1.4 times on April 6, 2021 6:49:00 AM (Day 5). The public issue subscribed 1.19 times in the retail category, [.] times in the QIB category, and 1.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.6 | 9,54,000 | 15,30,000 |
| Retail | 1.19 | 9,54,000 | 11,34,000 |
| Total | 1.4 | 19,08,000 | 26,64,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.18 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and other advisory fees | 0.02 |
| 5 | Advertising expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, out of pocket Expenses, marketing fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.75 |
| Low | ₹20.00 |
| High | ₹21.00 |
| Last Trade | ₹20.00 |
Lead Manager Reports
Rajeshwari Cans IPO is a SME IPO of 20,16,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Mar 31, 2021, and closes on Tue, Apr 6, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rajeshwari Cans IPO using UPI as a payment gateway. Zerodha customers can apply in Rajeshwari Cans IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajeshwari Cans IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajeshwari Cans IPO opens on Wed, Mar 31, 2021 and closes on Tue, Apr 6, 2021.
Rajeshwari Cans IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Rajeshwari Cans 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 Rajeshwari Cans IPO will be done on Friday, April 9, 2021, and the allotted shares will be credited to your demat account by Tue, Apr 13, 2021. Check the Rajeshwari Cans IPO allotment status.
The Rajeshwari Cans IPO listing date is on Thu, Apr 15, 2021.
