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

Face ValueRs 10
Price BandRs 20
Listing AtBSE SME
Min. Order Quantity600 Shares
Listing Date Apr 15, 2021
Offer for SaleRs lakhs
Net IssueRs 760.80 lakhs
IPO SizeRs 4.03 Cr.
Tick Size1

Rajeshwari Cans IPO is listed at Rs.30 premium. Check out the live share price by clicking on the below link.

Rajeshwari Cans Share Price – Live Performance

Rajeshwari Cans IPO – Summary

Rajeshwari Cans IPO

The Company is engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material. They supply the tin containers to their customers engaged in the business of tobacco manufacturing and paint manufacturing. Their Company also performs printing work on tin sheets supplied by their customers.

As on the date of this Draft Prospectus, the Company supplies majority of its product to a tobacco manufacturing company. Their Promoters have cordial relation with the client which has helped the Company to fetch uninterrupted order.

The Promoters of this company are BHARATKUMAR VORA, HARSHADKUMAR VORA, SIDDHARTH VORA AND PRATIK VORA. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Rajeshwari Cans IPO Date

The opening and the closing date of IPO of Rajeshwari Cans Limited is Mar 31, 2021 to Apr 6, 2021 .


Rajeshwari Cans Limited IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 31 Mar0.13x0.10x0.12x
2nd Day – 01 Apr0.34x0.19x0.26x
3rd Day –  02 Apr0.34x0.19x0.26x
4th Day –  05 Apr1.02x0.61x0.81x
5th Day –  06 Apr1.60x1.19x1.40x
Shares Offered or Net Issue954,000954,0001,908,000

The shares subscribed by the public will be updated here.


Rajeshwari Cans 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.

Rajeshwari Cans IPO Listing Date

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

Basis of Allotment FinalizationApr 9, 2021
Refunds InitiationApr 12, 2021
Credit of Shares to Demat AccountApr 13, 2021
Share Listing DateApr 15, 2021

Rajeshwari Cans IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.20 


Rajeshwari Cans IPO Equity Size

This Initial Public Issue of 20,04,000 Equity Shares of Rs.10 each for cash at a price of Rs.20 per equity share aggregating to Rs 4.03 Cr..


Rajeshwari Cans IPO Share Offering

Net Issue: The Fresh Issue of 19,02,000 Equity Shares by their Company, aggregating to Rs.760.80 lakhs,

Issue Size: 20,04,000 Equity Shares of Rs.10 each, aggregating to Rs 4.03 Cr.


Rajeshwari Cans IPO – Live Performance

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

Live IPO Performance – Rajeshwari Cans Share Price

Rajeshwari Cans IPO Grey Market Premium

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


Rajeshwari Cans Ltd – Company Overview

Their promoters Bharatkumar Vora and Harshadkumar Vora are involved in the business of trading of iron and steel, tin plate and scrap for more than three decades. Their experience and understanding of business have been instrumental in the growth of their Company’s performance.

The Partnership firm i.e. Rajeshwari Metal Printers started with single-line production and manufacturing of tin containers with different capacities ranging from 50 gm to 500 gm for packing tobacco material and up to 5 Litres for the paint industry.

Initially, the business commenced with a single color offset printing machine and subsequently, installed one additional line for the production of tin containers thereby increasing the installed capacity of the plant. They also purchased two-color printing machines.

The Company is engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material. They supply the tin containers to their customers engaged in the business of tobacco manufacturing and paint manufacturing. Their Company also performs printing work on tin sheets supplied by their customers.


Rajeshwari Cans IPO – 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:

Amount (in INR & lakhs)
31-Mar-20Mar-1931-Mar-18
*Total Assets1,234.961,322.081,160.95
Total Revenue2,209.732,132.331,849.64
Total Expense2,181.632,108.711,826.22
Profit After Tax18.6915.7511.21

Earnings per Equity Share (in lakhs)

31-Mar-20Mar-1931-Mar-18
Basic & Diluted0.890.840.89

PAT increased from ₹ 15.75 Lakhs for the F.Y. 2019 to ₹ 18.69 Lakhs in F.Y. 2020. The profit after tax was increased by18.67% as compared to F.Y. 2019 on account of an increase in total revenue. The PAT was 0.85% of total revenue in F.Y. 2020 compared to 0.74 % of total revenue in F.Y. 2019.


Rajeshwari Cans Limited IPO – Promoters

The Promoters of this company are:

  1. BHARATKUMAR VORA,
  2. HARSHADKUMAR VORA,
  3. SIDDHARTH VORA
  4. PRATIK VORA

List of Related Parties (Key Managerial Personnel)

  • Bharatkumar Vora, Managing Director
  • Harshadkumar Vora, Whole Time Director
  • Soy Itty, Chief Financial Officer
  • Vishakha Gujrati, Company Secretary and Compliance Officer

Rajeshwari Cans IPO – Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 20,04,000 Equity Shares aggregating up to Rs 4.03 Cr.
of which:
Market Maker Reservation Portion1,02,000 Equity Shares aggregating up to Rs.40.80
lakhs
Net Issue to the Public*19,02,000 Equity Shares aggregating up to Rs.760.80
lakhs
 Of which:
 Retail Portion 9,51,000 Equity Shares aggregating to ₹ 380.40 Lakhs
 Non-Institutional Portion9,51,000 Equity Shares aggregating to ₹ 380.40 Lakhs
 Equity Shares outstanding prior to the Issue32,30,000 Equity Shares
 Equity Shares outstanding after the Issue52,34,000 Equity Shares

Rajeshwari Cans IPO Issue Object

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

1. Meeting incremental working capital requirements; and
2. General corporate purposes


Rajeshwari Cans 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:

  • Experience and knowledge of Promoters for more than three decades
  • Expand their product range and total production capacity.
  • Location of Manufacturing Unit
  • Quality Assurances
  • Increasing Operation Efficiency

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-200.897.56
31-Mar-190.847.77
Mar-180.898.1911.73

Rajeshwari Cans IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Rajeshwari Cans Limited1044.940.897.5611.73
Listed Peers
Tinplate Company of India Ltd1014.499.0812.4972.68
Hindustan Tin Works Ltd.106.037.225.05144.95
Kaira Can Company Limited1025.3948.857.26672.89
Shreton Limited1024.410.762.0946.72

Rajeshwari Cans IPO Lead Managers

Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India
Tel No: +91 81049 85249
Fax No.: 022 2618 6966
E-mail: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Rinkesh Saraiya
SEBI Registration Number: INM000010163
Investor Grievance E-mail: mb@fedsec.in

Rajeshwari Cans IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai-400059
Tel No.: 022 62638200
Fax No: 022 62638280
Email Id: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Arvind Tandel
SEBI Registration No: INR000001385
Investor Grievance E-mail:investor@bigshareonline.com

Rajeshwari Cans IPO – Other Details

  • Statutory Auditor – Bharat H. Shah &Co.
  • Legal Counsel to the Company – Marfatia Maulin
  • Bankers to the Company –  Kotak Mahindra Bank


Rajeshwari Cans IPO Review by Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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