Rajeshwari Cans Limited IPO Detail
Incorporated in 2013, Rajeshwari Cans Limited is primarily engaged in the business of manufacturing round-printed tin containers of different sizes for packing material and also performs printing work on it. The company supplies its tin containers to tobacco manufacturers and paint companies. It manufactures 50 gm to 500 gm containers for the packing of tobacco material and up to 5 liters of containers for the paint industry.
It has a manufacturing unit at Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate where it carries out all of the manufacturing activities.
Competitive strengths
- High-quality tin containers of different sizes.
- Highly experienced promoters.
- Strategically located manufacturing unit.
Company Promoters
Bharatkumar Vora, Harshad Kumar Vora, Siddharth Vora, and Pratik Vora are the company promoters.IPO Details
| IPO Opening Date | Mar 31, 2021 |
| IPO Closing Date | Apr 06, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹4.03 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The Rajeshwari Cans Limited IPO open date is Mar 31, 2021, and the close date is Apr 06, 2021. The issue may list on Apr 15, 2021.
| IPO Open Date | Mar 31, 2021 |
| IPO Close Date | Apr 06, 2021 |
| Basis of Allotment Date | Apr 09, 2021 |
| Initiation of Refunds | Apr 12, 2021 |
| Credit of Shares to Demat Account | Apr 13, 2021 |
| IPO Listing Date | Apr 15, 2021 |
IPO Lot Size
The Rajeshwari Cans Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120000 |
| Maximum | 1 | 6000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 61.71% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-20 | 1,234.96 | 2,209.73 | 18.69 |
| 31-Mar-19 | 1,322.08 | 2,132.33 | 15.75 |
| 31-Mar-18 | 1,160.95 | 1,849.64 | 11.21 |
Objects of the Issue:
- Meeting incremental working capital requirement of the business.
- General corporate purposes.
