Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Thu, Jul 5, 2018 - Tue, Jul 10, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 5, 2018
IPO Close
Tue, Jul 10, 2018
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹60.35 Cr
| IPO Date | 5 to 10 Jul, 2018 |
| Listed on | Wed, Jul 18, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,91,200 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,15,200 shares Guiness Securities Ltd. (agg. up to ₹0.8294 Cr) |
| Fresh Issue (Ex Market Maker) | 15,66,000 shares (agg. up to ₹11 Cr) |
| Offer for Sale | 6,10,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 21,76,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 67,00,800 shares |
| Share Holding Post Issue | 83,82,000 shares |
| BSE Script Code | 541634 |
| ISIN | INE960Z01014 |
Raw Edge Industrial IPO comprises a total issue size of 22,91,200 shares. The net offer to the public is 21,76,000 shares, after excluding 1,15,200 shares allotted on a firm basis. Of the Net offer 10,88,000 (50.00%) allocated to NII 10,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,88,000 | 50.00% | 47.49% |
| Retail Shares Offered | 10,88,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,15,200 | 5.03% | |
| Total Shares Offered | 22,91,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| 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 | Land and Land Development Cost | 1.30 |
| 2 | Factory Building | 2.72 |
| 3 | Plant & Machinery | 7.26 |
| 4 | Margin money for Working Capital | 1.00 |
| 5 | General Corporate Purpose | 2.89 |
The Raw Edge Industrial Solutions IPO is subscribed 1.1 times on July 10, 2018 11:59:01 PM (Day 4). The public issue subscribed 0.78 times in the retail category, [.] times in the QIB category, and 1.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.41 | 10,88,000 | 15,36,000 |
| Retail | 0.78 | 10,88,000 | 8,51,200 |
| Total | 1.1 | 21,76,000 | 24,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.25 |
| 2 | Printing & Stationery and Postage Expenses | 0.03 |
| 3 | Marketing and Advertisement Expenses | 0.10 |
| 4 | Regulatory fees and other expenses | 0.05 |
| 5 | Other Miscellaneous expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹72.10 |
| Low | ₹71.80 |
| High | ₹72.70 |
| Last Trade | ₹72.40 |
Lead Manager Reports
Raw Edge Industrial IPO is a SME IPO of 22,91,200 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Jul 5, 2018, and closes on Tue, Jul 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 Thu, Jul 5, 2018 and closes on Tue, Jul 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 Wed, Jul 18, 2018.
