Raw Edge Industrial IPO – Review, Allotment, Subscription, Price, Date and more

Raw Edge Industrial Solutions is in the business of all the products ranging from consumer durables to ayurvedic personal care products.The Raw Edge Industrial IPO comprises of 22,91,200 Equity shares of Rs.10 each and at a cash price Rs.72/- per Equity Share aggregating to Rs.1649.66 lakhs.

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


Raw Edge Industrial IPO Review & Ratings

Raw Edge Industrial 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 Raw Edge Industrial IPO

Raw Edge Industrial IPOThe Issue comprises of a Public Issue of 22,91,200 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price of Rs.72 (including a premium of Rs.62 per Equity Share) aggregating to Rs. 1649.66 lakhs. The issue and the net issue will constitute 27.33% and 25.96% respectively of the post issue paid equity share capital of the company. 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.4,441.74, 4,792.96 and 4,076.73 respectively representing a growth of 9.1% 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 133.40, 61.63 and 58.05  respectively, representing a growth of 141% from the FY 2015-16 to FY 2017-18.
  • The Company has shown robust growth during the year 2012-13 by achieving turnover of Rs.5631.44 Lakhs from Rs.1188.71 Lakhs i.e increase by approximately 374%.
  • Their Net Worth as per Restated Financial Statement as at January 31, 2018 and March 31, 2017 was Rs
    756.13 Lacs and Rs 622.75 Lacs respectively.
  • The Net Asset Value per Equity Share as at January 31, 2018 and March 31, 2017 was Rs 90.27 and Rs 74.35
    respectively.

The Promoters of this company are MR. BIMAL BANSAL, MR. SOURABH BANSAL AND MR. SIDDHARTH BANSAL. The lead manager to the issue is GUINESS CORPORATE ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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    Raw Edge Industrial IPO Date

    The opening and the closing date of IPO is Jul 5, 2018 – Jul 10, 2018.


    Raw Edge Industrial IPO Subscription

     Subscription
    Day 1 – July 5, 2018158400 shares
    Day 2 – Jul 6, 2018X
    Day 3X
    Day 4 X
    Day 5 X


    Raw Edge Industrial 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.


    Raw Edge Industrial IPO Price Band

    The face value of each share is Rs 10 and at a cash price of Rs.72 (including a premium of Rs.62 per Equity Share).


    Raw Edge Industrial IPO Equity Share Offering

    22,91,200 Equity Shares of Rs 10/- each at an Issue Price of Rs.72 (including a premium of Rs. 62 per Equity Share). So it will be aggregated to Rs.1649.66 lakhs.


    Raw Edge Industrial Solutions Limited – Company Overview

    Raw Edge Industrial Solutions Private Limited was incorporated dated February 21, 2011 under the provision of Companies Act, 1956 by Registrar of Companies, Pune. The Company is engaged in the business of IT staffing and consultancy. They have their registered office in Pune, corporate office in Bangalore and virtual offices in Mumbai and Chennai. They are engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions and Corporate Training Services across various industries including viz. banking and financial services, automotive and engineering, telecom, healthcare, Retail and Entertainment in India and US. As of March 31, 2018, we served 22 clients and have 103 employees.

    Key clients include Herbalife International India Private Ltd, Clairvoyant India Private Limited, Inspirage Software Consulting Private Limited, HTC Global Services (India) Private Ltd. etc

    The Company is promoted by Ritesh R Sharma, who has over a decade of experience in the IT industry. He is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of Raw Edge Industrial Solutions Limited:

    • Diverse portfolio of Services.
    • Established relationship with clients leading to recurring business.
    • Experienced management and operational team.
    • Customer Satisfaction.
    • Diversified Industry Sectors.

    Business strategies of Raw Edge Industrial Solutions Limited:

    • Technology and Operational Excellence.
    • Attract and retain talented employee.
    • Increased Focus on Oracle based services.
    • Strong Business Development and Sales team.
    • Develop and maintain relationships with the Clients.
    • Enhancing Operating Effectiveness and Efficiency.

    Raw Edge Industrial Solutions 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:

    Amount (in INR & Lakhs)  
    30-Jan-1831-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Total Assets2,912.262,718.572,305.111,488.561,377.22774
    Total Revenue4,498.744,860.734,133.553,826.823,349.576,662.21
    Total Expense4,295.394,767.944,045.033,758.743,238.176,538.18
    Profit After Tax133.461.6358.0544.7170.4181.5

    Earnings per Equity Share (in Lakhs)

    31-Jan-1831-Mar-1731-Mar-1631-Mar-1631-Mar-1631-Mar-16
    Basic  and Diluted15.937.366.935.949.3613.22

    From the above statements, one could find that the Raw Edge Industrial Limited may perform well.


    Raw Edge Industrial IPO – Promoters

    The Promoter of this company are:

    MR. BIMAL BANSAL, MR. SOURABH BANSAL AND MR. SIDDHARTH BANSAL.

    Interest in 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 the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    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.


    Raw Edge Industrial IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Issue of 22,91,100 Equity Shares having face value of Rs. 10.00 each at a price of Rs.72.00 per Equity Share (including a share premium of Rs. 62.00 per Equity share) aggregating Rs.1649.66 lakhs.
     Of which:
     Reserved for Market Makers Issue of 1,15,200 Equity Shares having face value of Rs.10.00 each at a price of Rs.72.00 per Equity Share aggregating Rs.82.94 lakhs..
     Net Issue to the Public Issue of 21,76,000 Equity Shares having face value of Rs.10.00 each at a price of Rs.72.00 per Equity Share aggregating Rs.1566.72 lakhs.
     Of which:
     Retail Investors Portion 1,088,000 Equity Shares having face value of Rs.10.00 each at a price of Rs. 72.00 per Equity Share aggregating Rs.783.36 lakhs
     Non-Retail Investors Portion1,088,000 Equity Shares having face value of Rs.10.00 each at a price of Rs.72.00 per Equity Share aggregating Rs. 783.36 lakhs
     Equity Shares outstanding prior to the Issue67,00,800 Equity Shares of Rs.10 each
     Equity Shares outstanding after the Issue83,82,000 Equity Shares of Rs.10 each

    Raw Edge Industrial IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding of working capital requirements of the Company
    • General Corporate Purpose
    • Issue Expenses

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    Raw Edge 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:

      • Diverse portfolio of Services
      • Established relationship with clients leading to recurring business
      • Experienced management and operational team
      • Customer Satisfaction
      • Diversified Industry Sectors
      • International Presence

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-155.949.8960.07
    31-Mar-167.6110.3566.99
    31-Mar-177.369.9074.35
    31-Jan-1815.9317.6490.27
    • Competitive Peer:
    Name of the company Face
    Value (Rs)
    EPSP/E
    Ratio
    RoNW
    (%)
    NAV per
    Equity
    Share
    Raw Edge Industrial Solutions
    Limited (March 31, 2017)
    107.369.789.9074.35
    Peer Group #
    Sanginita Chemicals Limited100.65137.514.0116.13
    India Gelatin and Chemicals
    Limited
    103.0534.462.31131.93
    Meghmani Organics Limited101.6363.016.5624.89

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    Raw Edge Industrial IPO Lead Managers

    Lead Managers
    HEM SECURITIES LIMITED

    904, A Wing, 9th Floor Naman Midtown, Senapati Bapat Marg,
    Elphinstone Road Mumbai-400 013, India.
    Tel : 022 4906 0000; Fax: 022 2262 5991
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Contact Person: Radhika Soni, Website: www.hemsecurities.com
    SEBI Registration number: INM000010981

    Raw Edge Industrial 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 Katariya & Munot Chartered Accountant.
    • Peer Review Auditor –P S D & Associates, Chartered Accountants
    • Bankers to the Company –  ICICI Bank

    Raw Edge Industrial 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.


    Raw Edge Industrial IPO Grey Market Premium

    The Raw Edge 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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      Raw Edge Industrial IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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