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Rajshree Polypack IPO is a book build issue of ₹35.52 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹35.52 crore.
Rajshree Polypack IPO bidding started from Sep 10, 2018 and ended on Sep 12, 2018. The allotment for Rajshree Polypack IPO was finalized on Sep 18, 2018. The shares got listed on NSE SME on Sep 24, 2018.
Rajshree Polypack IPO price band is set at ₹120.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,19,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,40,000.
PL Capital Markets Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Prabhudas Lilladher Pvt.Ltd..
Refer to Rajshree Polypack IPO RHP for detailed Information.
| IPO Date | September 10, 2018 to September 12, 2018 |
| Listing Date | September 24, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹119 to ₹121 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,60,000 shares (aggregating up to ₹35.52 Cr) |
| Reserved for Market Maker | 1,48,000 shares Prabhudas Lilladher Pvt.Ltd. (aggregating up to ₹1.79 Cr) |
| Net Offered to Public | 28,12,000 shares (aggregating up to ₹33.74 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 82,74,000 shares |
| Share Holding Post Issue | 1,12,34,000 shares |
Rajshree Polypack IPO offers total 29,60,000 shares. Out of which 14,05,000 (47.47%) allocated to QIB, 5,72,000 (19.32%) allocated to QIB, 4,22,000 (14.26%) allocated to NII, 9,85,000 (33.28%) allocated to RII and 8,33,000 (28.14%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,000 (5.00%) |
| QIB Shares Offered | 14,05,000 (47.47%) |
| − Anchor Investor Shares Offered | 8,33,000 (28.14%) |
| − QIB (Ex. Anchor) Shares Offered | 5,72,000 (19.32%) |
| NII (HNI) Shares Offered | 4,22,000 (14.26%) |
| Retail Shares Offered | 9,85,000 (33.28%) |
| Total Shares Offered | 29,60,000 (100.00%) |
Rajshree Polypack IPO opens on September 10, 2018, and closes on September 12, 2018.
| IPO Open Date | Mon, Sep 10, 2018 |
| IPO Close Date | Wed, Sep 12, 2018 |
| Tentative Allotment | Tue, Sep 18, 2018 |
| Initiation of Refunds | Wed, Sep 19, 2018 |
| Credit of Shares to Demat | Wed, Sep 19, 2018 |
| Tentative Listing Date | Mon, Sep 24, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 12, 2018 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,20,000 |
| Retail (Max) | 1 | 1,000 | ₹1,20,000 |
| HNI (Min) | 2 | 2,000 | ₹2,40,000 |
Incorporated in 2003, Thane-based Rajshree Polypack Limited is a company engaged in the business of plastic packing products. It is one of the leaders in the manufacturing of rigid plastic sheets and thermoformed packaging products (source: Care Advisory Report, July 2018).
Rajshree's products range from yogurt & ice cream containers, beverage cups & containers, food packing, bakery products and confectioneries, coffee cups, QSRs, generic bowls, punnets & trays for fruits and vegetable packing, lids etc.
The company's manufacturing facility is located at Daman and has an annual capacity of over 10,000 MT.
Rajshree Polypack's revenue from operations grew at a CAGR of 19.97% for the last four (4) Fiscals.
The net profit of the company grew at a CAGR of 134.66% and EBITDA by 33.05% for the last 4 fiscals.
The company has 418 employees on its payroll.
Competitive Strengths-
1. Consistent financial performance
2. Leading name in the manufacturing of rigid plastic sheets and thermoformed packaging
3. Competitive edge due to the locational advantage of its manufacturing facility
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 8,656.66 | 8,157.94 | 7,610.30 | 6,447.78 | 5,707.24 | |
| Total Revenue | 11,250.39 | 9,642.79 | 9,565.77 | 6,505.96 | 3,901.01 | |
| Profit After Tax | 931.09 | 886.85 | 155.21 | 783.24 | 72.06 | |
The objects of the issue are-
1. Setting up of Factory Unit IV at Daman;
2. General corporate purposes
[Dilip Davda] Company's financial performance is lucrative, but concern is about ongoing controversy on usage of plastic ban movement. More states are joining the bandwagon. Thus it is a major risk for this company going forward. Future of such companies hinges on outcome of Government's final ruling. Although pricing looks lucrative, cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | September 24, 2018 |
| BSE Script Code | |
| NSE Symbol | RPPL |
| ISIN | INE760W01015 |
| Final Issue Price | ₹120 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹111.05 |
| Low | ₹105.70 |
| High | ₹116.60 |
| Last Trade | ₹116.60 |
Rajshree Polypack Ltd.
#503-504, 5th Floor, Lodha Supremus
Road No. 22, Kishan Nagar
Wagle Estate, Thane (W)
Mumbai, Maharashtra, 400604
Phone: +91-22 25818200
Email: cosec@rajshreepolypack.com
Website: http://www.rajshreepolypack.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rajshree.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Rajshree Polypack IPO is a SME IPO of 29,60,000 equity shares of the face value of ₹10 aggregating up to ₹35.52 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1000.
The IPO opens on September 10, 2018, and closes on September 12, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rajshree Polypack IPO using UPI as a payment gateway. Zerodha customers can apply in Rajshree Polypack IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajshree Polypack IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajshree Polypack IPO opens on September 10, 2018 and closes on September 12, 2018.
Rajshree Polypack IPO lot size is 1000, and the minimum amount required for application is ₹1,20,000.
You can apply in Rajshree Polypack 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 Rajshree Polypack IPO will be done on Tuesday, September 18, 2018, and the allotted shares will be credited to your demat account by Wednesday, September 19, 2018. Check the Rajshree Polypack IPO allotment status.
The Rajshree Polypack IPO listing date is on Monday, September 24, 2018.
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