Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Raw Edge Industrial IPO is a fixed price issue of ₹16.50 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to ₹12.10 crores and offer for sale of 0.06 crore shares aggregating to ₹4.39 crores.
Raw Edge Industrial IPO bidding started from Jul 5, 2018 and ended on Jul 10, 2018. The shares got listed on BSE SME on Jul 18, 2018.
Raw Edge Industrial IPO price is ₹72.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,30,400.
Oneview Corporate Advisors 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 Guiness Securities Ltd..
Refer to Raw Edge Industrial IPO RHP for detailed Information.
| IPO Date | July 5, 2018 to July 10, 2018 |
| Listing Date | July 18, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 22,91,200 shares (aggregating up to ₹16.50 Cr) |
| Reserved for Market Maker | 1,15,200 shares Guiness Securities Ltd. (aggregating up to ₹0.8294 Cr) |
| Fresh Issue (Ex Market Maker) | 15,66,000 shares (aggregating up to ₹11.28 Cr) |
| Offer for Sale | 6,10,000 shares of ₹10 (aggregating up to ₹4.39 Cr) |
| Net Offered to Public | 21,76,000 shares (aggregating up to ₹15.67 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 67,00,800 shares |
| Share Holding Post Issue | 83,82,000 shares |
Raw Edge Industrial Solutions IPO offers total 22,91,200 shares. Out of which 10,88,000 (47.49%) allocated to NII, 10,88,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,15,200 (5.03%) |
| NII (HNI) Shares Offered | 10,88,000 (47.49%) |
| Retail Shares Offered | 10,88,000 (47.49%) |
| Total Shares Offered | 22,91,200 (100.00%) |
Raw Edge Industrial IPO opens on July 5, 2018, and closes on July 10, 2018.
| IPO Open Date | Thu, Jul 5, 2018 |
| IPO Close Date | Tue, Jul 10, 2018 |
| Tentative Listing Date | Wed, Jul 18, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 10, 2018 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Incorporated in 2005, Mumbai based Raw Edge Industrial Solutions Limited is a company engaged in the business of providing industrial minerals to manufacturing industries at competitive prices. The company is delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses. It is one of the leading Manufacturers and Suppliers of a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, Imported Coal, etc.
In February 2018, the company has entered into an agreement for sale for acquiring agriculture land of `50.21
Lakhs at Surat for setting up a manufacturing unit of crushed Quick Lime and Hydrated Lime with an installed capacity of 1,20,000 MT/per annum located. In addition to its existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at the aforesaid new premises will be making the total installed capacity of 1,80,000 ton/per annum.
Though the customers of Raw Edge are spread over 10 states, the major supply of its products are concentrated in the state of Gujarat and Rajasthan (contributing 91.37 % of total turnover).
The company has 33 permanent employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 2,912.26 | 2,718.57 | 2,305.11 | 1,488.56 | 1,377.22 | 774.00 |
| Total Revenue | 4,498.74 | 4,860.73 | 4,133.55 | 3,826.82 | 3,349.57 | 6,662.21 |
| Profit After Tax | 133.40 | 61.63 | 58.05 | 44.71 | 70.41 | 81.50 |
The present Public Issue of 22,91,200 Equity Shares includes a Fresh Issue of 16,81,200 Equity shares and an offer for sale of 6,10,000 equity shares by the Selling Shareholder at an issue price of ` 72 per Equity Share.
The Company will not receive any proceeds from the Offer for Sale of 6,10,000 equity shares.
The objects of the Fresh Issue are:
1. Expansion by setting up Manufacturing Unit
2. Working Capital Margin
3. General Corporate Purpose
4. Meeting Public Issue Expenses.
[Dilip Davda] <p>Despite gradual growth in top line, inconsistency in bottom line and aggressive pricing raises concern. Risk savvy cash surplus investors may consider investment at their own risk for long term.</p> Read detail review...
| Listing Date | July 18, 2018 |
| BSE Script Code | 541634 |
| NSE Symbol | |
| ISIN | INE960Z01014 |
| Final Issue Price | ₹72 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹72.10 |
| Low | ₹71.80 |
| High | ₹72.70 |
| Last Trade | ₹72.40 |
Raw Edge Industrial Solutions Ltd.
Shop No. 47, Ground Floor,
Citi Mall, New Link Road
Andheri (W)
Andheri, Maharashtra, 400053
Phone: 91-72269 96805
Email: info@rawedge.in
Website: http://www.rawedge.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Raw Edge Industrial IPO is a SME IPO of 22,91,200 equity shares of the face value of ₹10 aggregating up to ₹16.50 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on July 5, 2018, and closes on July 10, 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 Raw Edge Industrial IPO using UPI as a payment gateway. Zerodha customers can apply in Raw Edge Industrial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raw Edge Industrial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raw Edge Industrial IPO opens on July 5, 2018 and closes on July 10, 2018.
Raw Edge Industrial IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Raw Edge Industrial 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 Raw Edge Industrial IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raw Edge Industrial IPO allotment status.
The Raw Edge Industrial IPO listing date is on Wednesday, July 18, 2018.
Useful Articles
RHP