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Let’s have a detailed review of the company and analytics of the Rachana Infrastructure IPO release date, IPO offer price, subscription, Rachana Infrastructure Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 138
Listing At  NSE SME
Min. Order Quantity 1000 Shares
Listing Date NA
Offer for Sale Rs 3899 Lakhs
Fresh Issue Rs 3899 Lakhs
IPO Size Rs 7797 Lakhs
Tick Size 1

Rachana Infrastructur IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Rachana Infrastructure IPO – Summary

Rachana infrastructure IPOTheir Company was originally incorporated as ‗Rachana Infrastructure Limited‘ as Public Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 29, 2001 bearing Corporate Identification Number U45203GJ2001PLC039725 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

The Promoter of this company is MR. GIRISHKUMAR RAVAL AND MRS. BHAMINIBEN MEHTA. The lead manager to the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.

Rachana Infrastructure IPO Date

The opening and the closing date of Rachana Infrastructure IPO are May 20, 2022 and Jun 2, 2022 Respectively.

Rachana Infrastructure IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 20th May 0.00x 0.12x 0.06x
2nd Day – 23rd May 0.04x 0.21x 0.13x
3rd Day – 24th May 0.04x 0.22x 0.13x
4th Day – 25th May 0.09x 0.27x 0.18x
5th Day – 26th May  0.09x 0.29x 0.19x
6th Day – 27th May  0.09x 0.31x 0.20x
7th Day – 30th May 0.37x 0.34x 0.36x
8th Day – 31st May 0.47x 0.36x 0.42x
9th Day – 1st June 0.63x 0.44x 0.53x
10th Day – 2nd June 1.82x 0.60x 1.21x
Shares Offered or Net Issue 2,683,000 2,683,000 5,366,000

The shares subscribed by the public will be updated here.

Check Rachana Infrastructure IPO LIVE Subscription

  • Rachana Infrastructure IPO LIVE Bid details on BSE
  • Rachana Infrastructure IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.

Rachana Infrastructure IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Rachana Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Rachana Infrastructure IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.138

Rachana Infrastructure IPO Equity Size

This Initial Public Issue of 5,650,000 Equity Shares of Rs.10 each for cash at a price of Rs.138 per equity share aggregating to Rs.7797 Lakhs

Rachana Infrastructure IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,825,000 Equity Shares of Rs.10/ each.

Issue Size: 5,650,000 Equity Shares of Rs.10 each, aggregating to Rs.7797 Lakhs

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    Rachana Infrastructure IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Rachana Infrastructure Share Price

    Rachana Infrastructure IPO Grey Market Premium

    The Rachana Infrastructure Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

    Rachana Infrastructure IPO – Company Overview

    They are one of the mid size private sector company engaged in the business of Construction of Road projects on Bill of Quantities (BOQ) and EPC basis.

    In the very initial periods, Their Company got the contracts from the Government (Zilla Panchayat) at a very small scale.

    In addition, they got sub contracts from the infrastructure Companies from Gujarat, Maharashtra and many other states.

    Over a period of time,Company got expertise in the traditional construction of Buildings, Road Construction, Irrigation, Hydro power Project and Mining.

    With time and experience, they started expanding their business in the other states of the India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.

    Rachana Infrastructure IPO – Financial Statements

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

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Dec-21 31-Mar-21 Mar-20 31-Mar-19
    Total Assets 8,784.50 8,043.07 10,618.21 7,981.82
    Total Revenue 4,171.07 10,705.67 15,840.55 11,393.32
    Total Expense 3,998.76 10,173.835 15,018.53 10774.96
    Profit After Tax 139.85 455.31 597.13 466.45

    Earnings per Equity Share (in Lakhs)

    31-Dec-21 31-Mar-21 Mar-20 31-Mar-19
    Basic & Diluted 2.66 8.66 11.35 8.87


    Further, their PAT for the period ended on Dec 31, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were in Lakhs Rs.139.85, Rs.455.31, Rs.597.13 and Rs.466.45 respectively.

    Rachana Infrastructure IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Girishkumar Raval, Managing Director
    • Ashokkumar Raval, Director
    • Bhaminiben Mehta, Director
    • Kalpit Dave, Independent Director
    • Saureen Patel, Independent Director
    • Bharatkumar Chaudhary, Independent Director

    Rachana Infrastructure IPO – Promoters Holding

    • Pre Issue Share Holding – 83.44%
    • Pos Issue Share Holding – %

    Rachana IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 56,50,000 Equity Shares aggregating up to Rs.7797 Lakhs
    of which:
    Issue Reserved for the Market Makers Up to 28,25,000 Equity Shares aggregating up to Rs.3898.5 Lakhs
    Net Issue to the Public Up to 28,25,000 Equity Shares aggregating up to Rs.3898.5 Lakhs
    Of which:
    Retail Investors Portion Not less than 2,84,000 Equity Shares
    Other than Retail Individual Investors Not more than 53,66,000 Equity Shares
     Equity Shares outstanding prior to the Issue 26,83,000 Equity Shares
     Equity Shares outstanding after the Issue 26,83,000 Equity Shares

    Rachana Infrastructure IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment of Secured Loans
    2. Working capital requirement
    3. General Corporate Purpose,
    4. Meeting Public Issue Expenses.

    Rachana Infrastructure IPO – Business Strategy

    • Improve performance and enhance returns from their core business
    • Increase the order book by getting the order in HAM, BOT, EPC and PPP mode projects.
    • Expand their geographical footprint.

    Rachana Infrastructure IPO – Basis of 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:

    • Leading Road Focused EPC Contractor
    • Management and an integrated in-house project team
    • Visible growth through a robust order book .

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-21 8.66 11.63 24.82
    31-Mar-20 11.35 17.28
    Mar-19 8.87 16.40

    Rachana Infrastructure IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Rachana Infrastructure Limited 10 47.75 2.89 11.63 10705.67
    Listed Peers
    HEC Infra Projects Limited 10 20.33 1.53 1.07 3826.78
    Akash Infra projects Limited 10 273.69 0.65 1.42 6705.68

    Rachana Infrastructure IPO Lead Managers

    Lead Managers
    Address: 701-702, A Wing, Samudra Complex, 07th Floor, Off CG
    Road, Near Girish Cold Drinks, Navrangpura, Ahmedabad – 380009,
    Gujarat, India
    Tel No.:+079-2658-1240
    Web Site : www. ifinservices.in
    Email : mbd@ifinservices.in
    Investor Grievance Email: info@ifinservices.in
    Contact Person: Ms. Jaini Jain
    SEBI Reg No :INM000012856

    Rachana Infrastructure IPO Registrar to offer

    Registrar to the Offer
    Address: 1st Floor, Bharat Tin works Building, Opp. Vasant Oasis,
    Makwana Road, Marol, Andheri East, Mumbai-400059
    Tel No:+91 22-62638200
    Fax No +91 22-62638280
    Website: www.bigshareonline.com
    E-Mail: ipo@bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    Contact Person: Mr. Swapnil Kate
    SEBI Reg. No.: INR000001385

    Rachana Infrastructure IPO – Other Details

    • Statutory Auditor – Ankit Chokshi& Co., Chartered Accountants
    • Legal Counsel to the Company – Marfatia Maulin
    • Bankers to the Company – Axis Bank Limited, Bank of Baroda

    Rachana Infrastructure IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Rachana Infrastructure Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Rachana Infrastructure IPO Review FAQs

      Check out various FAQs related to Rachana Infrastructure IPO:

      What is the Issue Size of Rachana IPO?

      The Company is making an initial public offer of 5,650,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Rachana Infrastructure IPO?

      The price band for this particular IPO ranges between Rs.138. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Rachana Infrastructure IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on May 20, 2022, while the closing date is set at Jun 2, 2022.

      What is the Rachana IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Rachana Infrastructure IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Rachana IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Rachana Infrastructure IPO?

      Here are the promoters of this IPO – MR. GIRISHKUMAR RAVAL AND MRS. BHAMINIBEN MEHTA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of RachanaIPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Rachana Infrastructure IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Rachana Infrastructure Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 455.31, 2020 is 597.13, 2019 is 466.45. PAT from Dec 2021 is 139.85.

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      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
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