Bookbuilding IPO | ₹28 Cr | Listed at BSE, NSE | Thu, Nov 23, 2006 - Wed, Nov 29, 2006
Ruchira Papers IPO is a book build issue of ₹28.50 crores. The issue is entirely a fresh issue of 1.24 crore shares of ₹28.50 crore.
Ruchira Papers IPO bidding started from Nov 23, 2006 and ended on Nov 29, 2006. The shares got listed on the NSE and the BSE on Dec 20, 2006.
Ruchira Papers IPO is set final issue price at ₹23 per share.
A.K.Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Ruchira Papers IPO RHP for detailed Information.
IPO Open
Thu, Nov 23, 2006
IPO Close
Wed, Nov 29, 2006
Issue Price
₹23 per share
Market Cap (Pre-IPO)
₹51.57 Cr
| IPO Date | 23 to 29 Nov, 2006 |
| Listed on | Wed, Dec 20, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹21 to ₹23 |
| Issue Price | ₹23 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,23,91,304 shares (agg. up to ₹28 Cr) |
| Reserved for Private Promoter | 21,73,913 shares (agg. up to ₹5 Cr) |
| Fresh Issue | 1,02,17,391 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 1,02,17,391 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,00,30,500 shares |
| Share Holding Post Issue | 2,24,21,804 shares |
| BSE Script Code / NSE Symbol | 532785 / RUCHIRA |
| ISIN | INE803H01014 |
Ruchira Papers IPO comprises a total issue size of 1,02,17,391 shares. The net offer to the public is 80,43,478 shares, after excluding 21,73,913 shares allotted on a firm basis. Of the Net offer 51,08,695 (50.00%) are allocated to QIB, 15,32,609 (15.00%) allocated to NII 35,76,087 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 51,08,695 | 50.00% | 50.00% |
| NII (HNI) Shares Offered | 15,32,609 | 15.00% | 15.00% |
| Retail Shares Offered | 35,76,087 | 35.00% | 35.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 21,73,913 | 21.28% | |
| Total Shares Offered | 1,02,17,391 | 100.00% | 100.00% |
Incorporated on December 8, 1980 Ruchira Papers Limited is an India-based company engaged in the manufacturing of Kraft Paper. The Company uses agro wastes like wheat straw, bagasse and sarkanda as the main raw materials. Along with these wastes, some quantities of hessian rags and waste paper are also used depending upon requirement of paper to be manufactured. The Company's factory is located at Village Kala-Amb of District Sirmaur in Himachal Pradesh. It has a production capacity of 52,800 tons per annum (TPA).
| Period Ended | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 21.55 | 15.80 | 14.50 |
| Total Income | 37.73 | 63.16 | 48.84 |
| Profit After Tax | 3.02 | 4.66 | 3.79 |
| NET Worth | 27.90 | 24.87 | 16.33 |
| Reserves and Surplus | 19.07 | 16.22 | 9.61 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Writing & Printing Paper Plant along with Chemical Recovery Plant and Co-Generation Power Plant: Land and site development | 8.50 |
| 2 | Building | 9.03 |
| 3 | Plant & Machinery | 74.16 |
| 4 | Misc. Fixed Assets | 21.98 |
| 5 | Other Fixed Assets | 0.50 |
| 6 | Preliminary/ pre-operative Expenses (including issue Expenses of Rs. 105.00 Lacs) | 11.50 |
| 7 | Contingencies | 5.28 |
| 8 | Working Capital Margin | 4.53 |
| 9 | General Corporate Purposes | 1.18 |
| 10 | Additional Issue Expenses | 1.30 |
| Total | 137.97 |
| KPI | Sep 30, 2006 | Mar 31, 2006 |
|---|---|---|
| RoNW | 18.58% | 18.67% |
| Price to Book Value | 0.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.71% | 51.62% |
| Market Cap | ₹51.57 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 1.15 |
| 2 | Advertisement and marketing expenses | 0.40 |
| 3 | Printing, stationary & distribution expenses | 0.35 |
| 4 | Others (Registrar’s fees, legal fees, listing fees, etc.) | 0.45 |
| Total | 2.35 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹23.00 | ₹23.00 |
| Open | ₹24.35 | ₹24.00 |
| Low | ₹20.65 | ₹20.70 |
| High | ₹24.35 | ₹24.50 |
| Last Trade | ₹20.95 | ₹21.05 |
Lead Manager Reports
Ruchira Papers IPO is a main-board IPO of 1,23,91,304 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹23 per share. The minimum order quantity is .
The IPO opens on Thu, Nov 23, 2006, and closes on Wed, Nov 29, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ruchira Papers IPO using UPI as a payment gateway. Zerodha customers can apply in Ruchira Papers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ruchira Papers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ruchira Papers IPO opens on Thu, Nov 23, 2006 and closes on Wed, Nov 29, 2006.
Ruchira Papers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ruchira Papers 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 Ruchira Papers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ruchira Papers IPO allotment status.
The Ruchira Papers IPO listing date is on Wed, Dec 20, 2006.
