Let’s have a detailed review of the company and analytics of the Rainbow Crop Health Limited IPO release date, IPO offer price, subscription, Rainbow Crop Health Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.
Rainbow Crop Health Limited IPO Review & Ratings
|IPO Ratings & Review|
|Top Brokers Review||7.9/10|
Summary of Rainbow Crop Health Limited IPO
They started their business activities as a trader of herbicides, insecticides, fungicides, plant growth regulators & fertilizers in various forms – liquid, dust, powder and granules. Company expect synergy benefits with consolidation of customer base of RCHL and M/s Welcome Crop Health.
Acquisition of this manufacturing facility has enabled them to diversify business and enter into vertical of manufacturing also.
The Promoters of this company are Rainbow Crop Health Limited and Communication Limited IPO is MR.AJAY RULHANIA AND MS. REKHA RANI. The lead managers to the issue are CORPORATE CAPITAL VENTURES PRIVATE LIMITED andand the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
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Rainbow Crop Health IPO Date
The opening and the closing date of the Rainbow Crop Health Limited IPO are not known yet.
Rainbow Crop Health IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|4th Day –|
|5th Day –|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Rainbow Crop Health IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
|Basis of Allotment Finalization|
|Credit of Shares to Demat Account|
|Share Listing Date|
Rainbow Crop Health Limited IPO Price Band or Cash Price
The cash price of this IPO is Rs. 38 per Equity Share
Rainbow Crop Health Limited IPO Issue Size
The Issue size comprises issuance of up to 9,30,000 Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. 38/- per Equity Share aggregating to Rs. 353.40 Lakhs.
Rainbow Crop Health IPO Offering
The Net Issue is upto 8,82,000 Equity Shares of face value of Rs.10/- each fully paid-up for cash at price of Rs. 38/- per Equity Share aggregating to Rs. 335.16 Lakhs
- NII – 4,41,000 Equity Shares
- RII – Upto 4,41,000 Equity Shares
Rainbow Crop Health Limited – Company Overview
The Company is into the Agrochemical Manufacturing business. Our diversified product portfolio can be classified as Herbicides/Weedicides, Fungicides, Plant Growth Regulator, Fertilizer, Bio-Fertilizer and Insecticides.
Company was incorporated as a public limited company namely “Rainbow Crop Health Limited” under the Companies Act, 1956, in Haryana, vide certificate of incorporation dated March 30, 2012 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana bearing registration number 045551.
Rainbow Crop Health Limited Business Model
We are an IT Solution distribution house in India having commenced our operations with reselling and redistribution of IT hardware products like Cabinets, motherboard, etc. Engaged in the distribution business, our Company has partnered with a number of networking and security brands for distribution in the country.
Currently, we operate with a dealer network of around 1600 dealers and through sales representatives. We play the role of an IT Distributor offering the bouquet of services.
Business strategies of Rainbow Crop Health Limited
- Further Widening Of Our Customer Base
- Reduction of Operational costs and achieving efficiency
- To Build-Up a Professional Organization
- Focus on cordial relationship with our suppliers, customer and employees
- Optimal Utilization of resources
Rainbow Crop Health Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary of Rainbow Crop Health Limited IPO
On the basis of Standalone statement:-
|Amount (in INR & lakhs)|
|Period ended on 15/07/2019||31-Mar-19||31-Mar-18||31-Mar-17|
|Profit After Tax||24.12||71.72||36.08||20.94|
Earnings per Equity Share (in lakhs)
|Basic & Diluted||3.59||6.59||8.37|
From the above statements, one could find that Rainbow Crop Health Limited may perform well.
Rainbow Crop Health Limited IPO – Promoters
The Promoter of this company is:
- MR.AJAY RULHANIA AND
- MS. REKHA RANI
List of Related Parties (Key Managerial Personnel)
- Mr. Ajay Rulhania, Chairman & Managing Director
- Ms. Priyanshu Singh, Chief Financial Officer
- Ms. Ginny Uppal, Company Secretary & Compliance Officer
Interest in promotion of the Company
Promoters are interested in the promotion of Company in their capacity as a shareholder of Company and having significant control over the management and influencing policy decisions of Company
Promoters do not have any interest in any property acquired by or proposed to be acquired by Company
Interest in Intellectual Rights of the Company
As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.
Rainbow Crop Health Limited IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Issue of Equity Shares by our Company||Upto 9,30,000 Equity Shares of face value of Rs. 10/- each fully paid-up for cash at price of Rs.38/- per Equity Share aggregating to Rs. 353.40 Lakh|
|Market Maker Reservation Portion||Upto 48,000 Equity Shares of face value of Rs.10/- each fully paid-up for cash at price of Rs.38/- per Equity Share aggregating to Rs. 18.24 Lakhs|
|Net Issue to the Public||Upto 8,82,000 Equity Shares of face value of Rs.10/- each fully paid-up for cash at price of Rs. 38/- per Equity Share aggregating to Rs. 335.16 Lakhs|
|(A) Retail Portion||Upto 4,41,000 Equity Shares of face value of Rs.10/- each fully paid-up for cash at price of Rs.38/- per Equity Share aggregating to Rs. 167.58 Lakhs, i.e. 50% of the Net Issue shall be available for allocation for Retail Individual Investors.|
|(B) Non – Institutional Portion||Upto 4,41,000 Equity Shares of face value of Rs.10/- each fully paid-up for cash at price of Rs.38/- per Equity Share aggregating to Rs. 167.58 Lakhs, i.e. 50% of the Net Issue shall be available for allocation for Investors other than Retail Individual Investors.|
|Pre-and Post-Issue Equity Shares|
|Equity Shares outstanding prior to the Issue||25,60,000 Equity Shares of Rs.10/- each|
|Equity Shares outstanding after the Issue||34,90,000 Equity Shares of Rs.10/- each|
Rainbow Crop Health Limited IPO Issue Object
These are the IPO Issue Objects of the company
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Rainbow Crop Health Limited 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:
- Company’s core business
- Qualified & Experienced Team
- Customers Base
- Geographic exposure
- Competitive Advantage
- Corporate Governance
- Industry Growth Trends
- Wide Product Range
The relevant quantitative factors are:
On the basis of standalone statement:-
|Basic & Diluted EPS||RONW||NAV (Rs.)|
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
- Competitive Peers:
|Companies||EPS||PE Ratio||RONW (%)||NAV (Per Share)||Face Value|
|Rainbow Crop Health Limited and Communication Limited||3.59||10.60||20.41||17.57||10|
|PI Industries Limited||29.56||35.02||17.92||164.7967||1.00|
|Bayer CropScience Limited||69.20||63.34||12.62||548.56||10.00|
|Super Crop Safe Limited||1.38||0.06||15.71||8.74||2.00|
Rainbow Crop Health Limited IPO Lead Managers
|CORPORATE CAPITAL VENTURES PRIVATE LIMITED
SEBI Registration No.: MB/INM000012276
160 L.G.F., Vinoba Puri, Lajpat Nagar –II, New Delhi- 110024
Tel No.: +91-11-41704066
Contact Person: Mr. Tushar Shukla
E-mail: [email protected]; Website: www.ccvindia.com
Rainbow Crop Health Limited IPO Registrar to offer
|Registrar to the Offer|
|SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
SEBI Registration No.: INR000003241
D-153 A, 1st Floor, Okhla Industrial Area, Phase – I , New Delhi-110020
Tel No: +91- 11-40450193-97; Fax No: +91-11-26812683
Contact Person: Mr. Khan Mohd. Ubed
Website: www.skylinerta.com; Email: [email protected]
Rainbow Crop Health Limited IPO Other Details:
- Statutory Auditor – M/s Vishwa Mitter & Co.
- Peer Review Auditor – M/s V. N. Purohit & Co. (Chartered Accountants)
- Bankers to the Company – Vijaya Bank
Rainbow Crop Health Limited IPO Grey Market Premium
The Rainbow Crop Health Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Rainbow Crop Health Limited IPO News
News 1 – Download DRHP Prospectus
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