Raw Edge Industrial Solutions Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,088,000 (47%) | — | ₹783 Cr |
| Retail | — | 1,088,000 (47%) | — | ₹783 Cr |
| Market Maker | — | 115,200 (5%) | — | ₹8 Cr |
| Σ Total | — | 2,291,200 (100%) | — | ₹16,497 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 | 1,600 | ₹115,200 |
| Retail (Max) | 13 | 20,800 | ₹1,497,600 |
| S-HNI (Min) | 14 | 22,400 | ₹1,612,800 |
| B-HNI (Min) | 67 | 107,200 | ₹7,718,400 |
Financial Statements Amount in Lakhs
| Metric | 31-Jan-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 4,499 | 4,861 | 4,134 |
| Profit After Tax | 133 | 62 | 58 |
| Total Assets | 2,912 | 2,719 | 2,305 |
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 Land and Land Development Cost – 1.30
- 2 Factory Building – 2.72
- 3 Plant & Machinery – 7.26
- 4 Margin money for Working Capital – 1.00
- 5 General Corporate Purpose – 2.89
Company Overview
Incorporated in 2005, Mumbai based Raw Edge Industrial Solutions Limited is a company engaged in the business of providing industrial minerals to manufacturing industries at competitive prices. The company is delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses. It is one of the leading Manufacturers and Suppliers of a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, Imported Coal, etc.
In February 2018, the company has entered into an agreement for sale for acquiring agriculture land of `50.21
Lakhs at Surat for setting up a manufacturing unit of crushed Quick Lime and Hydrated Lime with an installed capacity of 1,20,000 MT/per annum located. In addition to its existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at the aforesaid new premises will be making the total installed capacity of 1,80,000 ton/per annum.
Though the customers of Raw Edge are spread over 10 states, the major supply of its products are concentrated in the state of Gujarat and Rajasthan (contributing 91.37 % of total turnover).
The company has 33 permanent employees on its payroll.