Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Raviraj Process Controls Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on July 23, 2024 to raise funds through Initial Public Offer (IPO).
Raviraj Process Controls Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the BSE SME. Ekadrisht Capital Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Raviraj Process Controls IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jul 23, 2024 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net issue |
Incorporated in 2019, Raviraj Process Controls Limited is engaged in the manufacturing of electrical products including Temperature Sensors, Wires and Cables, Cable Harnesses, Heaters, and Sleeves. These products are used in various applications, with a focus on the Electric Motor, Generator, and Refrigeration industries.
The product range includes different types of cables such as Silicon, PTFE, XLPO, Fiberglass, PVC, and Uninyvin, along with Sleeves and Cable Harnesses designed for specific industrial applications.
The company supplies primarily to Original Equipment Manufacturers (OEMs) but also serves other sectors.
Raviraj Process Controls Limited has two manufacturing units located in Navi Mumbai, Maharashtra. Both units have quality departments equipped with testing instruments calibrated through National Accreditation Board for Testing and Calibration Laboratories (NABL) approved facilities. The company tests its products according to Indian Standards (IS), International Electrotechnical Commission (IEC) standards, and other global requirements.
Raviraj Process Controls Limited has 145 employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 55.22 | 42.91 | 37.91 |
| Total Income | 41.81 | 29.68 | 23.45 |
| Profit After Tax | 6.55 | 4.25 | -0.10 |
| NET Worth | 26.91 | 2.90 | 15.01 |
| Reserves and Surplus | 15.35 | 2.89 | -0.00 |
| Total Borrowing | 19.45 | 19.32 | 16.23 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Purchase Capital Equipment. | 11.00 |
| 2 | To Meet Working Capital Requirements. | 14.50 |
| 3 | Repayment of certain debt facility. | 1.00 |
| 4 | General corporate purposes. | |
| 5 | To meet Public Issue Expenses. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 43.94% |
| ROCE | 27.10% |
| RoNW | 43.94% |
| PAT Margin | 15.66% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.67 | 4.17 |
| Promoter Holding | 57.34% | 42.23% |
Lead Manager Reports
Raviraj Process Controls IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Raviraj Process Controls IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Raviraj Process Controls IPO using UPI as a payment gateway. Zerodha customers can apply in Raviraj Process Controls IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raviraj Process Controls IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raviraj Process Controls IPO dates are not announced. Please check back again after some time.
Raviraj Process Controls IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Raviraj Process Controls 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 Raviraj Process Controls IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Raviraj Process Controls IPO allotment status.
The Raviraj Process Controls IPO listing date is not yet announced. The tentative date of listing is .
