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RDB Rasayans IPO is a book build issue of ₹35.55 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹35.55 crore.
RDB Rasayans IPO bidding started from Sep 21, 2011 and ended on Sep 23, 2011. The shares got listed on BSE on Oct 7, 2011.
RDB Rasayans IPO price band is set at ₹79.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹5,760 (80 shares). The lot size investment for sNII is 32 lots (2,560 shares), amounting to ₹2,02,240, and for bNII, it is 159 lots (12,720 shares), amounting to ₹10,04,880.
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to RDB Rasayans IPO RHP for detailed Information.
| IPO Date | September 21, 2011 to September 23, 2011 |
| Listing Date | October 7, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹72 to ₹79 per share |
| Issue Price Final | ₹79 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,00,000 shares (aggregating up to ₹35.55 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 1,32,14,800 shares |
| Share Holding Post Issue | 1,77,14,800 shares |
RDB Rasayans IPO offers total 45,00,000 shares. Out of which 22,50,000 (50.00%) allocated to QIB, 6,75,000 (15.00%) allocated to NII, 15,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 22,50,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 6,75,000 (15.00%) | NA |
| Retail Shares Offered | 15,75,000 (35.00%) | 19,687 |
| Total Shares Offered | 45,00,000 (100.00%) |
RDB Rasayans IPO opens on September 21, 2011, and closes on September 23, 2011.
| IPO Open Date | Wed, Sep 21, 2011 |
| IPO Close Date | Fri, Sep 23, 2011 |
| Tentative Listing Date | Fri, Oct 7, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 23, 2011 |
Investors can bid for a minimum of 80 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 | 80 | ₹6,320 |
| Retail (Max) | 31 | 2,480 | ₹1,95,920 |
| S-HNI (Min) | 32 | 2,560 | ₹2,02,240 |
| S-HNI (Max) | 158 | 12,640 | ₹9,98,560 |
| B-HNI (Min) | 159 | 12,720 | ₹10,04,880 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, RDB Rasayans Ltd, an ISO 9001:2008 certified organization, engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. PP sacks are mainly used for packing the different products in the fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc.
RDB Rasayans produces FIBCs of U+2 panel, Circular Jumbo bags, Baffle bags, All panel bags, Conductive FIBC and Static dissipative FIBCs. In addition to FIBC, the Company also manufactures various woven polypropylene products including Small bags, Box woven bags, Roofing underlayment fabric, Courier bags, Ground covers, Silt fence and Geotextiles. The Company offers woven bags and fabrics in both PP and HDPE. Its products are UV stabilized and pre-conditioned against shrinkage.
The Company RDB Rasayans IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To finance the capital expenditure to enhance the manufacturing capacity by 7450 MTPA by establishing the Unit -II | 27.81 |
| 2 | General Corporate Purpose | |
| 3 | Issue Expenses | 0.32 |
[Dilip Davda] <p>On the performance front, the company has posted an average EPS of Rs. 2.51. For the year 2010-11 it posted a net profit of Rs. 1.80 crore on a turnover of Rs. 46.13 crore against net profit of Rs. 1.95 crore on a turnover of Rs. 30.61 crore for 2008-09 indicating at reduced margings. On enhanced equity of Rs. 17.72 crore, this earnings translated into an EPS of Rs.1.01 and based on this the asking price is around 72 P/E on the lower price band and thus it is priced exorbitantly. AVOID investment. </p> Read detail review...
Brickwork has assigned an IPO Grade 2 to RDB Rasayans IPO. This means as per Brickwork, company has ' Below Average Fundamentals'. Brickwork assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read RDB Rasayans IPO Report
| Listing Date | October 7, 2011 |
| BSE Script Code | 533608 |
| NSE Symbol | |
| ISIN | INE123M01017 |
| Final Issue Price | ₹79 per share |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹79.00 |
| Open | ₹85.00 |
| Low | ₹19.80 |
| High | ₹93.15 |
| Last Trade | ₹26.50 |
RDB Rasayans Ltd.
Bikaner Building,
1st Floor, Suite No: 10, 8/1,
Lal Bazar Street, Kolkata
Kolkata, West Bengal
Phone: 91-33-2230 5666
Email: ipo@rdbgroup.in
Website: http://www.rdbgroup.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rdb.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
RDB Rasayans IPO is a main-board IPO of 45,00,000 equity shares of the face value of ₹10 aggregating up to ₹35.55 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 80.
The IPO opens on September 21, 2011, and closes on September 23, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in RDB Rasayans IPO using UPI as a payment gateway. Zerodha customers can apply in RDB Rasayans IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RDB Rasayans IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RDB Rasayans IPO opens on September 21, 2011 and closes on September 23, 2011.
RDB Rasayans IPO lot size is 80, and the minimum amount required for application is ₹6,320.
You can apply in RDB Rasayans 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 RDB Rasayans IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the RDB Rasayans IPO allotment status.
The RDB Rasayans IPO listing date is on Friday, October 7, 2011.
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