Rajeshwari Cans was incorporated on September 03, 2004. The company is engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material.
| Bidding Dates |
|---|
| 31 Mar 2021 - 06 Apr 2021 |
| Subscription |
|---|
| 1.4x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 6000 | 2.0 M | ₹20 | 61.57 % | ₹40.3 M | RHP DOC |
Rajeshwari Cans IPO SUBSCRIPTION STATUS
06 Apr '21Rajeshwari Cans IPO overall subscription rate was 1.4 times the total available shares
Rajeshwari Cans IPO retail subscription rate was 1.19 times in the retail segment
Rajeshwari Cans IPO non-institutional investor subscription rate was 1.6 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
06 Apr 2021 (Day 5) | 1.19x | 1.6x | - |
01 Apr 2021 (Day 2) | 0.19x | 0.34x | - |
02 Apr 2021 (Day 3) | 0.19x | 0.34x | - |
05 Apr 2021 (Day 4) | 0.61x | 1.02x | - |
31 Mar 2021 (Day 1) | 0.1x | 0.13x | - |
Rajeshwari Cans 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) |
| 9MFY21 | 1.3 | 127.8 | 9.6 | -10.0 |
| FY20 | 1.9 | 220.9 | 20.1 | 14.9 |
| FY19 | 1.6 | 213.2 | 5.3 | -2.3 |
| FY18 | 1.1 | 184.9 | 12.5 | -1.6 |
Rajeshwari Cans IPO SUBSCRIPTION STATUS DETAILS
Rajeshwari Cans had 2.0 M shares on offer
Rajeshwari Cans IPO offer price was ₹20
Rajeshwari Cans IPO minimum Investment was ₹120000
Rajeshwari Cans IPO issue size was ₹ 40.3 M
Rajeshwari Cans had a minimum lot size of 6000 Shares per application
Rajeshwari Cans NUMBER OF SHARES ON OFFER
Rajeshwari Cans IPO IMPORTANT DATES
| Issue Open Date | 31 Mar 2021 |
| Issue close Date | 06 Apr 2021 |
| Allotment Date | 09 Apr 2021 |
| Refund Date | 12 Apr 2021 |
| Demat Account Credit Date | 13 Apr 2021 |
| Listing Date | 15 Apr 2021 |
| Listing on Exchange(s) | BSE |
| Rajeshwari Cans Allotment Status | Exchange |
Rajeshwari Cans IPO subscription opened on 31 Mar 2021, and closed on 06 Apr 2021
IPO allotment for Rajeshwari Cans was finalized on Friday, 09 Apr 2021
IPO listing for Rajeshwari Cans was on BSE on Thursday, 15 Apr 2021
Rajeshwari Cans IPO LISTING GAINS
| Issue Price (adjusted) | 10.0 |
| Listing Open Price | 20.8 |
| Listing Close Price | 20.0 |
| Listing Gain% | 3.8% |
| Current Gain% | 70.7% |
Rajeshwari Cans 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rajeshwari Cans Ltd. | 17.1 | 9 | 8 | -0.2 | 0.2 | 15.7 | 8.2 | 42.8 | 6.2 | 2.2 | 16.9 | 2.1 | -41.5 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Rajeshwari Cans INFORMATION ON IPO ISSUE
About Rajeshwari Cans
Rajeshwari Cans was incorporated on September 03, 2004. The company is engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material.
Object of the Issue
- Meeting incremental working capital requirement of the business
- General corporate purposes
Rajeshwari Cans - PROMOTERS
| Name |
|---|
| Bharatkumar Vora |
| Harshad Kumar Vora |
| Siddharth Vora |
| Pratik Vora |
Rajeshwari Cans Lead Manager
Fedex Securities Private Limited
mb@fedsec.in
Rajeshwari Cans Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Rajeshwari Cans Strengths
Experience and knowledge of promoters
Promoters Bharatkumar Vora and Harshadkumar Vora are involved in the business of trading of iron and steel, tin plates, scrape, and manufacturing of round printed tin containers since more than three decades
Product range and total production capacity
At present, the company is manufacturing printed round tin containers of different capacities ranging from 50 gm to 500 gm for a single customer to be used for packing tobacco
Location of manufacturing unit
The company carries on all of its manufacturing activities at the factory situated at Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate and there are no substantial dependence on external sources for the manufacturing of printed round tin containers
Rajeshwari Cans Risks
Outstanding litigations
There are outstanding litigations against the company which if determined against it, could adversely impact financial conditions
Dependent on single customer
Approximately 80% of revenues are generated from a single customer on which the company is dependent
IPO FAQs
Rajeshwari Cans Ltd. IPO listing opened at Rs 20.75 while the issue price was Rs 20.00 giving 3.75% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 10.00 giving 70.70% gains since its IPO listing.
The promoters of the company are Bharatkumar Vora, Harshad Kumar Vora, Siddharth Vora and Pratik Vora.
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 20.0 - 20.0.
The IPO application opens on Mar 31, 2021 and closes on Apr 06, 2021.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Apr 09, 2021.
The refund will be credited to your account on Apr 12, 2021.
The allotted shares will be credited to your demat on Apr 13, 2021.
Rajeshwari Cans Ltd.’s shares listed on the stock exchanges on Apr 15, 2021.