Rachana Infrastructure Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,683,000 (47%) | — | ₹3,622 Cr |
| Retail | — | 2,683,000 (47%) | — | ₹3,622 Cr |
| Market Maker | — | 284,000 (5%) | — | ₹38 Cr |
| Σ Total | — | 5,650,000 (100%) | — | ₹76,275 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹135,000 |
| Retail (Max) | 13 | 13,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,045,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Dec-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 4,171 | 10,706 | 15,841 |
| Profit After Tax | 140 | 455 | 597 |
| Total Assets | 8,785 | 8,043 | 10,618 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1. Repayment of Secured Loans. –
- 2. Working capital requirement. –
- 3. General Corporate Purpose. –
- 4. Meeting Public Issue Expenses. –
Company Overview
Rachana Infrastructure Limited offers infrastructure and civil construction services. Rachana Infrastructure is a mid-size private sector company engaged in the business of construction of roads and highways, irrigation, hydropower project and mining and pipeline construction. Rachana Infrastructure Limited is expanding business in the other states of India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.
The roads project that the company has executed are MPRDC- ADB Loan IV, OPAL Petrochemical Refinery Road work at Dajeh SEZ, C.C Road Construction for MP PWD and Vadodara-Mumbai 6 Lane Highway.
Rachana Infrastructure Limited has an in-house integrated system and machinery for all stages of mining, right from Mining/Extraction of raw material from the mine up to Crushing and Finished Production of Black Trap Stone Aggregate.
Competitive Strength
- Leading Road-focused BOQ and EPC Contractor.
- Management and an integrated in-house project team with strong execution capabilities and extensive industry experience.
- Visible growth through a robust order book.