Rachana Infrastructure was incorporated on June 29, 2001. The company is engaged in the business of construction of road projects on a Bill of Quantities and EPC basis.
| Bidding Dates |
|---|
| 20 May 2022 - 02 Jun 2022 |
| Subscription |
|---|
| 1.21x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 1000 | 5.7 M | ₹135 | 69.63 % | ₹762.8 M | RHP DOC |
Rachana Infra IPO SUBSCRIPTION STATUS
02 Jun '22Rachana Infra IPO overall subscription rate was 1.21 times the total available shares
Rachana Infra IPO retail subscription rate was 0.6 times in the retail segment
Rachana Infra IPO non-institutional investor subscription rate was 1.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
02 Jun 2022 (Day 10) | 0.6x | 1.82x | - |
01 Jun 2022 (Day 9) | 0.44x | 0.63x | - |
31 May 2022 (Day 8) | 0.36x | 0.47x | - |
30 May 2022 (Day 7) | 0.34x | 0.37x | - |
27 May 2022 (Day 6) | 0.31x | 0.09x | - |
26 May 2022 (Day 5) | 0.29x | 0.09x | - |
25 May 2022 (Day 4) | 0.27x | 0.09x | - |
24 May 2022 (Day 3) | 0.22x | 0.04x | - |
23 May 2022 (Day 2) | 0.21x | 0.04x | - |
20 May 2022 (Day 1) | 0.12x | 0x | - |
Rachana Infra FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY22 | 13.99 | 402.01 | 31.667 | 13.17 |
| FY21 | 45.53 | 1,037.91 | 32.188 | 61.36 |
| FY20 | 59.71 | 1,543.78 | -25.441 | -27.75 |
| FY19 | 46.65 | 1,121.03 | 86.261 | 49.17 |
Rachana Infra IPO SUBSCRIPTION STATUS DETAILS
Rachana Infra had 5.7 M shares on offer
Rachana Infra IPO offer price was ₹135
Rachana Infra IPO minimum Investment was ₹135000
Rachana Infra IPO issue size was ₹ 762.8 M
Rachana Infra had a minimum lot size of 1000 Shares per application
Rachana Infra NUMBER OF SHARES ON OFFER
Rachana Infra IPO IMPORTANT DATES
| Issue Open Date | 20 May 2022 |
| Issue close Date | 02 Jun 2022 |
| Allotment Date | 08 Jun 2022 |
| Refund Date | 09 Jun 2022 |
| Demat Account Credit Date | 10 Jun 2022 |
| Listing Date | 13 Jun 2022 |
| Listing on Exchange(s) | NSE |
| Rachana Infra Allotment Status | Exchange |
Rachana Infra IPO subscription opened on 20 May 2022, and closed on 02 Jun 2022
IPO allotment for Rachana Infra was finalized on Wednesday, 08 Jun 2022
IPO listing for Rachana Infra was on NSE on Monday, 13 Jun 2022
Rachana Infra IPO LISTING GAINS
| Issue Price (adjusted) | 135.0 |
| Listing Open Price | 138.7 |
| Listing Close Price | 139.1 |
| Listing Gain% | 2.7% |
| Current Gain% | -72.0% |
Rachana Infra Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rachana Infrastructure Ltd. | 37.8 | 70.2 | 6.9 | 0 | 0.5 | 9.4 | 8 | 140.5 | 45.1 | 10.1 | 146.8 | 5.4 | 146.8 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Rachana Infra INFORMATION ON IPO ISSUE
About Rachana Infra
Rachana Infrastructure was incorporated on June 29, 2001. The company is engaged in the business of construction of road projects on a Bill of Quantities and EPC basis.
Object of the Issue
- Repayment of secured loans.
- Working capital requirement.
- General corporate purpose.
- Meeting Public Issue Expenses.
Rachana Infra - PROMOTERS
| Name |
|---|
| Girishkumar Raval |
| Bhaminiben Mehta |
Rachana Infra Lead Manager of the Issue
Interactive Financial Services
mbd@ifinservices.in
Rachana Infra Registrar to the issue
Bigshare Services Limited
ipo@bigshareonline.com
Rachana Infra Strengths
Leading contractor
Leading road-focused BOQ and EPC contractor
Management
Integrated in-house project team with strong execution capabilities and extensive industry experience
Robust order book
Visible growth through a robust order book
Rachana Infra Risks
Working capital
Subject to high working capital requirements
Outstanding litigations
There are outstanding litigations against the company
Contingent liability
The company has several contingent liabilities and commitments
IPO FAQs
This IPO consists of an offer for sale of up to Rs 38.1 crore, of 2,825,000 shares. It also consists of a fresh issue of Rs 38.1 crore.
The promoters of the company are Girishkumar Raval and Bhaminiben Mehta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 135.0 - 135.0.
The IPO application opens on May 20, 2022 and closes on Jun 02, 2022.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Jun 08, 2022.
The refund will be credited to your account on Jun 09, 2022.
The allotted shares will be credited to your demat on Jun 10, 2022.
Rachana Infrastructure Ltd.’s shares listed on the stock exchanges on Jun 13, 2022.