R R Industrial IPO – Review, Allotment Status, Subscription, Price, Date & more

The R.R Industries Corporation Limited is launching its IPO soon.  R R Industrial Corporation India Ltd is formed and shaped by “Mr K.L. Jain” who is the chairperson of the company and with his constant effort, dedication and supervision over the years. R R Industrial Corporation India Ltd has grown into one of the most authentic and credible name in steel supplies.

Lets have a detailed review of R R Industrial IPO and an in-depth analysis of the IPO release date, IPO offer price, R R Industrial IPO subscription, IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


R R Industrial IPO Review & Ratings

R R Industrial IPO Ratings & Review
Criteria Ratings
Industry Sentiments  6.7/10
Industry Ranking  6.4/10
Company Background 6.5/10
Company Reputation 6.6/10
Competitive Edge 6.6/10
Financial Statements 6.4/10
Popularity Index 6.7/10
Promoters Reputation 6.5/10
Retail Appetite  6.7/10
Top Brokers Review 6.4/10
Overall Ratings  6.5/10
Star Ratings ★★★☆☆

Summary of R R Industrial IPO

R R Industrial IPOR.R. Industrial Corporation (India) Limited is a Public incorporated on 29 May 2009. It is classified as Non-govt company and is registered at Registrar of Companies, Chhattisgarh. Its authorized share capital is Rs. 150,000,000 and its paid-up capital is Rs. 79,836,000. It is involved in Non-specialized retail trade in stores. The company is planning to set up new manufacturing units and this is why the company is in need of funds.R R Industrial IPO Equity Share offerings are 29,58,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (29,58,000* Issue Price).

Since the government too is planning to invest a lot in steel industry, your decision to buy the shares of this firm would never prove to be a wrong choice.

The lead manager to the issue is Pantomath Capital Advisors Private Limited and the registrar to the issue is Link Intime India Pvt Ltd.


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R R Industrial IPO Date

The opening and the closing date of the R R Industrial IPO is not known yet.

R R Industrial IPO Subscription

  Subscription
Day 1 X
Day 2  X
Day 3 X
Day 4  X
Day 5  X

The IPO issue date has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.

R R Industrial IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

R R Industrial IPO Price Band

The face value of the Equity Shares of our Company is Rs 10/- each and the Issue Price is Rs X the share price.

R R Industrial IPO Issue Size

The exact price of the issue size is not known, though the number of equity shares to be issued is known.

R R Industrial IPO Equity Share Offerings

29,58,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (29,58,000* Issue Price).



R R Industrial Limited – Company Overview

R.R. Industrial Corporation (India) Limited trades in steel products, carbon coal, and food grains in India. It operates through three segments: Trading in Iron and Steel, Trading in Food Grain, and Trading in Carbon Coal. The company engages in trading flat sections, channels, angles, round and square bars, Indian standard beams, pipes, poles, TMT Re bars, welded wire mesh, Z sections, square hollow sections, rectangular hollow section steel pipes, universal columns, and crane rails. It also trades in food grains, primarily chana and imports and sells non-cooking coal for use in various applications, such as foundry, steel manufacturing and power plant

Competitive Strengths of R R Industrial Limited:

  • Experienced promoters and Management Expertise
  • Quality projects and committed operations
  • Independent Execution capabilities
  • Networking strength

Business strategies of R R Industrial Limited:

  • Leveraging Market Skills
  • Long Term Relationship with Clients
  • Achieving Operational Efficiencies
  • Expand Distribution Network & Customer Base
  • Brand Building
  • Expand the Business in new location

R R Industrial Ltd – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Assets of the Company

Assets (in INR & Lakhs)

  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Non-Current Asset 610.95 508.38 480.02 479.69 566.82
Current Assets 7489.24 4869.81 3753.47 3403.39 4163.9
Total Assets 8100.19 5378.19 4234.19 3883.08 4730.72


Revenue & PAT of the Company

   Revenue and Profit (in lakhs)

  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Revenue  25182.76 17183.99 14,357.44 12918.75 15412.56
Profit After Tax  104.42 64.64 45.97 35.07 31.76

Earnings per Equity Share (in Lakh)

  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Basic  1.31 0.81 0.58 0.52 1.26
Diluted  1.31 0.81 0.58 0.52 1.26

From the above statements, one could find that the garment company has performed well in the past few years.


R R Industrial IPO – Promoters

The Promoter of this company are:

  1. Sanjay Kumar Jain
  2. Kanhaiya Lal Gangwal.

With their enriching experience, company came to grow in steel industry.

Company has expanded its business and operations during the past three years significantly.

The interest of Promoters in the Promotion of the company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in our Company and the dividend declared, if any, by our Company.

The interest of Promoter in the Property of the company

The promoter is not interested in the property of the company ever since the company became a public limited concern. He has not shown any interest in the property of the company.

The interest of Promoter in the Intellectual Rights of the company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


R R Industrial IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered 29,58,000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed).
 Of which:
 Reserved for Market Makers 1,50,000 Equity Shares of Rs 10/- each at an issue price.
 Net Issue to the Public 14,04,000 Equity Shares of Rs 10/- each at an issue price.
 Equity Shares outstanding prior to the Issue 79,83,600Equity Shares of Rs 10/- each
 Equity Shares outstanding after the Issue  1,09,41,600 Equity Shares of Rs 10/- each

 


R R Industrial IPO Issue Object

These are the IPO Issue Objects of the company

  • To generate fund for the financial working capital of the company
  • To make up for the general corporate expenses of the company
  • To manage the expenses of the issue

These are the main reasons why the IPO is being floated by the company


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R R Industrial IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Diversified Business Portfolio.
  • Experienced Management Team.
  • Established track record of our corporate promoter.
  • Timely execution of orders.
  • Cordial relations with customers and suppliers.

The relevant quantitative factors are:

  • Basic and Diluted Earnings per Share (EPS) for the nine months ended September 30, 2017 was 0.71.
  • Price to Earnings (P/E) ratio in relation to Issue Price.
  • Return on Net Worth.
  • Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
  • Net Asset Value per Equity Share as at September 30 ,2017 is 20.54.

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R R Industrial IPO Lead Managers

Lead Managers
Pantomath Capital Advisors Private Limited

R R Industrial IPO Registrar to offer

Registrar to the Issue
Link Intime India Private Limited

R R Industrial IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promters Reputation
Angel Broking 6.4/10 6.6/10 6.0/10 6.4/10 6.0/10
Sharekhan 6.2/10 6.1/10 6.6/10 6.1/10 6.2/10
Kotak Securities 6.3/10 6.2/10 6.3/10 6.4/10 6.3/10
ICICI Direct 6.3/10 6.3/10 6.7/10 6.1/10 6.1/10
IIFL 6.2/10 6.2/10 6.8/10 6.0/10 6.1/10
Edelweiss 6.2/10 6.3/10 6.3/10 6.3/10 6.2/10
Zerodha 6.3/10 6.4/10 6.3/10 6.3/10 6.0/10
5Paisa 6.1/10 6.4/10 6.3/10 6.1/10 6.1/10
Karvy 6.3/10 6.3/10 6.2/10 6.1/10 6.0/10
Motilal Oswal 6.3/10 6.4/10 6.3/10 6.5/10 6.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


R R Industrial IPO Grey Market Premium

The R R Industrial IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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R R Industrial IPO News

News 1 – IPO ISSUES OPEN SOON


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