Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Mon, Jun 25, 2018 - Fri, Jun 29, 2018
Rajnish Wellness IPO is a fixed price issue of ₹11.98 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹11.98 crore.
Rajnish Wellness IPO bidding started from Jun 25, 2018 and ended on Jun 29, 2018. The shares got listed on BSE SME on Jul 9, 2018.
Rajnish Wellness IPO price is ₹95 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,28,000.
Navigant Corporate Advisors 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 Monarch Networth Capital Ltd..
Refer to Rajnish Wellness IPO RHP for detailed Information.
IPO Open
Mon, Jun 25, 2018
IPO Close
Fri, Jun 29, 2018
Issue Price
₹95 per share
Market Cap (Pre-IPO)
₹44.40 Cr
| IPO Date | 25 to 29 Jun, 2018 |
| Listed on | Mon, Jul 9, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,61,200 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 63,600 shares Monarch Networth Capital Ltd. (agg. up to ₹0.6042 Cr) |
| Fresh Issue (Ex Market Maker) | 11,97,600 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 11,97,600 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 34,12,500 shares |
| Share Holding Post Issue | 46,73,700 shares |
| BSE Script Code | 541601 |
| ISIN | INE685Z01017 |
Rajnish Wellness IPO comprises a total issue size of 12,61,200 shares. The net offer to the public is 11,97,600 shares, after excluding 63,600 shares allotted on a firm basis. Of the Net offer 5,98,800 (50.00%) allocated to NII 5,98,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,98,800 | 50.00% | 47.48% |
| Retail Shares Offered | 5,98,800 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 63,600 | 5.04% | |
| Total Shares Offered | 12,61,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,14,000 |
| Retail (Max) | 1 | 1,200 | ₹1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹2,28,000 |
Incorporated in 2015, Mumbai based Rajnish Wellness Limited is a company engaged in the business of selling various products in the categories ranging from consumer durables to ayurvedic personal care products. The Company's major focus area is sexual wellness, energy
revitalization and personal care products.
The Company has a product portfolio that covers major products including ayurvedic medicines, personal care products, sexual wellness, and energy revitalization items etc. It sells its personal care products under the brand name. "PlayWin Capsules", "PlayWin Condom", "Rajnish Lotion", "Rajnish Plus Lotion", "Play Win Spray", "PlayWin Plus Capsules", "PlaWin Oil", , "PlayWin F Capsule", "Kasaav Powder", "SudantaDantManjan", "Mithohar Liquid", "Mithohar Tablets", "Madamrit Hair Shampoo", "Madamrit Hair Oil", "Madamrit Hair Capsule" and Pia Lo Herb's.
Rajnish wellness has very strong hold in Maharashtra, Uttar Pradesh, Karnataka, Bihar, Odisha, Delhi, Jharkhand, Madhya Pradesh, Uttarakhand, Haryana and West Bengal. Its products are available in all major medical stores in these states.
As of February 28, 2018, the company had 18 permanent employees and 78 contract employees.
| 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 | Funding of working capital requirements of the Company | 6.36 |
| 2 | Branding and Advertisement expenses | 2.40 |
| 3 | General Corporate Expenses | 2.03 |
The Rajnish Wellness IPO is subscribed 1.13 times on June 29, 2018 5:00:00 PM (Day 5). The public issue subscribed 0.23 times in the retail category, [.] times in the QIB category, and 2.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.02 | 5,98,800 | 12,09,600 |
| Retail | 0.23 | 5,98,800 | 1,40,400 |
| Total | 1.13 | 11,97,600 | 13,50,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees and reimbursement of underwriting fees, brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrar etc. | 0.94 |
| 2 | Regulatory and other fees | 0.10 |
| 3 | Other Expenses (printing, stationery expenses, postage etc.) | 0.16 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹100.00 |
| Low | ₹100.00 |
| High | ₹104.70 |
| Last Trade | ₹100.15 |
Lead Manager Reports
Rajnish Wellness IPO is a SME IPO of 12,61,200 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jun 25, 2018, and closes on Fri, Jun 29, 2018.
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 Rajnish Wellness IPO using UPI as a payment gateway. Zerodha customers can apply in Rajnish Wellness IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajnish Wellness IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajnish Wellness IPO opens on Mon, Jun 25, 2018 and closes on Fri, Jun 29, 2018.
Rajnish Wellness IPO lot size is 1200, and the minimum amount required for application is ₹1,14,000.
You can apply in Rajnish Wellness 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 Rajnish Wellness IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rajnish Wellness IPO allotment status.
The Rajnish Wellness IPO listing date is on Mon, Jul 9, 2018.
