Rajnish Wellness IPO – Review, Allotment, Subscription, GMP and more

Rajnish Wellness is in the business of all the products ranging from consumer durables to ayurvedic personal care products. The Company has issued 12,61,200 Equity shares of Rs.10 each and at a cash price RS.95/- per Equity Share aggregating to Rs.1198.14 lakhs.

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


Rajnish Wellness IPO Review & Ratings

Rajnish Wellness IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Rajnish Wellness IPO

Rajnish Wellness IPOThe Issue comprises of a Public Issue of 12,61,200 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price of Rs.95 (including a premium of Rs.85 per Equity Share) aggregating to Rs. 1198.14 lakhs.

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements:

  • For the period ended February 2,2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.2422.18, 2529.49 and 1315.88 respectively representing a growth of 45.66% as a percentage of total revenue from the FY 2015-16 to FY 2017-18. For the period ended February 2,2018 , FY 2016-17 and FY 2015-16 their net profit was 161.87, 63.87 and 32.34 respectively, representing a growth of 5.35% from the FY 2015-16 to FY 2017-18.
  • During the financial year 2017-18, the Other Income of their company increased to Rs. 1.04 lakhs as against Rs. 0.14 Lakhs for the financial year 2016-17.

The Promoter of this company is Mr. Rajnishkumar Surendraprasad Singh. The lead manager to the issue is NAVIGANT CORPORATE ADVISORS LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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Rajnish Wellness IPO Date

The opening and the closing date of Rajnish Wellness IPO is 25th June  to 27th June 2018.


Rajnish Wellness IPO Subscription

 Subscription
Day 1 – 25th June 201857,600
Day 2 – 26th June 2018159,600
Day 3 – 27th June 2018313,200
Day 4 
Day 5 

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Rajnish Wellness IPO Allotment Status

The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.


Rajnish Wellness IPO Price Band

The face value of each share is Rs 10 and at a issue price of Rs.95 (including a premium of Rs.85 per Equity Share).


Rajnish Wellness IPO Equity Share Offering

12,61,200 Equity Shares of Rs 10/- each at an Issue Price of Rs.95 (including a premium of Rs. 85 per Equity Share). So it will be aggregated to Rs.1198.14 lakhs.


Rajnish Wellness Limited – Company Overview

Rajnish Wellness Limited was originally incorporated on June 13, 2015 as a private limited Company under the name and style of “Rajnish Hot Deals Private Limited” under the provisions of Companies Act, 2013 with the Registrar of Companies, Mumbai, and Maharashtra. Subsequently,  Company was converted into a Public Limited Company on February 01, 2018. Pursuant to a resolution of the Shareholders passed on February 03, 2018, the name of the Company was changed to Rajnish Wellness Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai on February 09, 2018.

Company has product portfolio that covers major products including ayurvedic medicines, personal care products, sexual wellness and energy revitalization items etc. Company sell its personal care products under brand name. “PlayWin Capsules” , “PlayWin Condom”, “Rajnish Lotion”, “Rajnish Plus Lotion”, “Play Win Spray”, “PlayWin Plus Capsules”, “PlayWin Oil”, , “PlayWin F Capsule”, “Kasaav Powder”, “SudantaDantManjan”, “Mithohar Liquid”, “Mithohar Tablets”, “Madamrit Hair Shampoo”, “Madamrit Hair Oil”, “Madamrit Hair Capsule” and Pia Lo Herb’s. They have expanded their reach to virtually every corner of India by continuously marketing, selling and advertising the products through various marketing channels i.e, Telemarketing, advertisements in the newspaper, hoardings, TV Channels and many more. Company’s products are having very strong recall value.

Still it is a constant endeavour of the Company to spread itself at the unrepresented areas through appointment of new distributors. Having business opportunities and rapid increase in the number of customers using internet as a platform for their buying needs, the Company tied up with various e-commerce websites like snapdeal.com, indiamart.com, clickoncare.com, lovenaturalremedies.com, ayurvedmart.com and fineyog.com etc. to sell their products.

Competitive Strengths of Rajnish Wellness Limited:

  • Experienced Promoters and management team.
  • Focused Market Area.
  • Evolving Customer Lifestyle.
  • Easy Access.
  • Range of Product Offerings.

Business strategies of Rajnish WellnessLimited:

  • Expansion of Domestic Market.
  • Improving operational efficiencies.
  • Promotion of the brand recognition.
  • Leveraging the Market skills and Relationships.
  •  Pursue strategic acquisitions.

Rajnish WellnessLimited – 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)
28-Feb-1831-Mar-1731-Mar-16
Total Assets1782.44837.92530.35
Total Revenue2423.222529.631315.88
Total Expense2161.552434.681268.31
Profit After Tax161.8763.8732.34

Earnings per Equity Share (in Lakhs)

28-Feb-1831-Mar-1731-Mar-16
Basic  and Diluted13.766.393.23

From the above statements, one could find that the Rajnish Wellness Limited may perform well.


Rajnish Wellness IPO – Promoters

The Promoter of this company is Mr. Rajnishkumar Surendraprasad Singh.

List of Related Parties (Key Managerial Personnel)

  • Ms. Shalini Vijendra Mishra
  • Mr. Rohit Ranjan
  • Mr. Mihir Shrenik Patwa

Interest in promotion of the Company

Promoters may be deemed to be interested in the promotion of the Issuer to the extent of the Equity Shares held by themselves as well as their relative and also to the extent of any dividend payable to them and other distributions in respect of the aforesaid Equity Shares. Further, Promoters may also be interested to the extent of Equity Shares held by or that may be subscribed by and allotted to companies and firms in whom either of them is interested as a director, member or partner.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

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


Rajnish Wellness IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Issue of 12,61,200 Equity Shares having face value of Rs. 10.00 each at a price of Rs.95.00 per Equity Share (including a share premium of Rs. 85.00 per Equity share) aggregating Rs.1198.14 lakhs.
 Of which:
 Reserved for Market Makers Issue of 63,600 Equity Shares having face value of Rs.10.00 each at a price of Rs.95.00 per Equity Share aggregating Rs.60.42 lakhs..
 Net Issue to the Public Issue of 11,97,600 Equity Shares having face value of Rs.10.00 each at a price of Rs.95.00 per Equity Share aggregating Rs.1137.72 lakhs.
 Of which:
 Retail Investors Portion 5,98,800 Equity Shares having face value of Rs.10.00 each at a price of Rs. 95.00 per Equity Share aggregating Rs.568.86 lakhs
 Non-Retail Investors Portion5,98,800 Equity Shares having face value of Rs.10.00 each at a price of Rs.95.00 per Equity Share aggregating Rs. 568.86 lakhs
 Equity Shares outstanding prior to the Issue34,12,500 Equity Shares
 Equity Shares outstanding after the Issue46,73,700 Equity Shares

Rajnish Wellness IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding of working capital requirements of the Company.
  • Funding of Branding and Advertisement expenses
  •  To meet General corporate purposes
  •  To meet the expenses of the Issue

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Rajnish Wellness 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:

    • Experienced promoters and efficient technical personnel.
    •  Customer focused.
    • Improving functional efficiency.
    • Integrated e-commerce business model with a large merchant and customer base.

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-163.2386.61
31-Mar-176.3963.1010.12
31-Mar-1813.7631.0944.26

 


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Rajnish Wellness IPO Lead Managers

Lead Managers
NAVIGANT CORPORATE ADVISORS LIMITED
423, A Wing, Bonanza, Sahar Plaza Complex,
J B Nagar, Andheri Kurla Road,
Andheri East, Mumbai-400 059
Tel No. +91-22-41204837/49735078
Email Id- navigant@navigantcorp.com
Investor Grievance Email: info@navigantcorp.com
Website: www.navigantcorp.com
SEBI Registration Number: INM000012243
Contact Person: Mr. Sarthak Vijlani

Rajnish Wellness 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.: 022-62638299;
Website: www.bigshareonline.com
Email: ipo@bigshareonline.com;
Contact Person: Srinivas Dornala
SEBI Registration No.: INR000001385


Other Details:

  • Statutory Auditor – M/s. Pramod & Associates,Chartered Accountants
  • Peer Review Auditor –M/s. Pramod & Associates,Chartered Accountants
  • Bankers to the Company –  Mr. Sachilal Satyasheelan, Indusind Bank Limited
  • Legal Advisor to the Issue- M/s Legaleye Venture

Rajnish Wellness IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

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


Rajnish Wellness IPO Grey Market Premium

The Rajnish Wellness 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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Rajnish Wellness IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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