Bookbuilding IPO | ₹36 Cr | Listed at BSE | Wed, Sep 21, 2011 - Fri, Sep 23, 2011
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 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,320 (80 shares) (based on upper price). 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 Open
Wed, Sep 21, 2011
IPO Close
Fri, Sep 23, 2011
Issue Price
₹79 per share
Market Cap (Pre-IPO)
₹139.95 Cr
| IPO Date | 21 to 23 Sep, 2011 |
| Listed on | Fri, Oct 7, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹79 |
| Issue Price | ₹79 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 45,00,000 shares (agg. up to ₹36 Cr) |
| Fresh Issue | 45,00,000 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 1,32,14,800 shares |
| Share Holding Post Issue | 1,77,14,800 shares |
| BSE Script Code | 533608 |
| ISIN | INE123M01017 |
RDB Rasayans IPO comprises a total issue size of 45,00,000 shares. Out of which, 22,50,000 (50.00%) are allocated to QIB, 6,75,000 (15.00%) allocated to NII 15,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| 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 |
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.
| 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 | To finance the capital expenditure to enhance the manufacturing capacity by 7450 MTPA by establishing the Unit -II | 27.81 |
| 2 | General Corporate Purpose | 5.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 87.59% | 65.34% |
| Market Cap | ₹139.95 Cr. |
The RDB Rasayans IPO is subscribed 1.5 times on September 23, 2011 5:00:00 PM (Day 3). The public issue subscribed 3.96 times in the retail category, 0 times in the QIB category, and 0.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0 | 22,50,000 | |
| NII | 0.75 | 6,75,000 | |
| Retail | 3.96 | 15,75,000 | |
| Total | 1.5 | 45,00,000 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, underwriting and selling commission | 1.24 |
| 2 | Advertising and marketing expenses | 0.65 |
| 3 | Printing and stationery, including transportation costs | 0.51 |
| 4 | Others (Registrar’s fee, Legal Advisor, listing fees etc.) | 0.63 |
| 5 | Fees payable to Grading Agency | 0.02 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹79.00 |
| Open | ₹85.00 |
| Low | ₹19.80 |
| High | ₹93.15 |
| Last Trade | ₹26.50 |
Lead Manager Reports
RDB Rasayans IPO is a main-board IPO of 45,00,000 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 80.
The IPO opens on Wed, Sep 21, 2011, and closes on Fri, Sep 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 Wed, Sep 21, 2011 and closes on Fri, Sep 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 Fri, Oct 7, 2011.
