Roni Households IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Aug 24, 2022Roni Households Limited trades in plastic granules and plastic household products which includes tub, buckets, ghamela etc. They intend to further expand their business by manufacturing plastic products for household use. Roni Households IPO comprises Offer of Public Issue of up to 15,00,000 Equity Shares for cash at price of Rs. 20 per share including a premium of Rs. 10 aggregating to Rs. 300 lakhs.
Let’s have a detailed review of the company and analytics of the Roni Households IPO release date, IPO offer price, subscription, Roni Households IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs.20. Check the Live Share Price here Roni Households Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Roni Households IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Roni Households IPO
Roni Households Limited trades in plastic granules and plastic household products which includes tub, buckets, ghamela etc. They intend to further expand the business by manufacturing plastic products for household use. Public Issue of up to 15,00,000 Equity Shares for cash at price of Rs. 20 per share including a premium of Rs. 10 aggregating to Rs. 300 lakhs. The Issue will constitute 34.59% of the post-Issue paid-up Equity Share capital of the Company.
From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements,
- The revenues as on Aug 31, 2018 being 73.87 lakhs and as on March 31,2018 it was 429.70 lakhs.
- The Net Worth of the Company (net of revaluation reserves) is Rs. 403.01 lakhs and the book value of each Equity Share was Rs. 14.21 as of August 31, 2018 as per the Restated Standalone Financial Statements.
- Since the company was recently incorporated they have not completed a full financial year, however they have reported a robust operating performance for 6 months period ended March 31,2018 wherein the sales, The Net Profit after tax for the above – mentioned periods were Rs. 429.70 lakhs, Rs. 10.58 lakhs and Rs. 7.80 lakhs respectively.
The Promoters of this company are Mr. Harish Sirwani and Mrs. Nidhi Sirwani. The lead manager to the issue is Aryaman Financial Services Private Limited and the Registrar to this issue is Bigshare Services Private Limited.
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Roni Households IPO Date
The opening and the closing date of Roni Households Limited IPO is Nov 19, 2018 – Nov 22, 2018.
Roni Households IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 – Nov 19, 2018 | – | 0.47x | 0.27x | 0.37x |
| Day 2 – Nov 20, 2018 | – | 0.47x | 0.32x | 0.39x |
| Day 3 – Nov 21, 2018 | – | 0.47x | 0.32x | 0.39x |
| Day 4 – Nov 22, 2018 | – | 0.48x | 1.76x | 1.12x |
| Shares Offered or Net Issue | – | 708,000 | 708,000 | 1,416,000 |
The shares subscribed by the public is updated.
Roni Households IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Roni Households IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Roni Households IPO Equity Share Offering
Public Issue of up to 15,00,000 Equity Shares for cash at price of Rs. 20 per share including a premium of Rs. 10 aggregating to Rs. 300 lakhs.
Roni Households Limited – Company Overview
Roni Households Limited was originally being run as a proprietorship named Roni Enterprises. Further, the company is incorporated on 9th October 2017, as a private limited company under the name ‘Roni Household Private Limited’ under the provisions of the Companies Act, 2013. On March 01, 2018, the Company was converted into public limited company and the name of their company changed to ‘Roni Household Limited’
Roni Households Limited trades in plastic granules and plastic household products which includes tub, buckets, ghamela etc. They intend to further expand the business by manufacturing plastic products for household use. They have taken a land on lease in MIDC Jalgaon for the proposed manufacturing unit.
This Company plans to leverage its promoter networks in the Trading community of Jalgaon and strong balance sheet situation to increase its presence in the plastic products. The Company is in the process of building a quality and innovation focused trading and manufacturing vertical as well as developing a strong team to cater to its proposed increased operational needs.
The Company is promoted by Mr. Harish Sirwani and Mrs. Nidhi Sirwani and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Roni Households Limited:
- Strong Balance Sheet and Financial Condition
- Favorable Government Schemes
- Existing Supplier Relationship through the Promoter – Mr. Harish Sirwani
- Experienced Promoters and a good employee base.
- Existing Client Base through the Promoter
Business strategies of Roni Households Limited:
- Organic Growth Strategy
- Improving Debt – Equity Ratio
- Competitive Pricing
- Continue to develop client relationships and trust
- To build-up a professional organization
Roni Households 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) | ||
| 31-Aug-18 | 31-Mar-18 | |
| Total Assets | 557.90 | 348.04 |
| Total Revenue | 73.87 | 429.70 |
| Total Expense | 71.70 | 419.20 |
| Profit After Tax | 1.62 | 7.80 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 0.89 | – | – |
From the above statements, one could find that the Roni Households Limited may perform well.
Roni Households IPO – Promoters
The Promoters of this company are:
- Mr. Harish Sirwani
- Mrs. Nidhi Sirwani
List of Related Parties (Key Managerial Personnel)
- Mr. Harish Sirwani, Managing Director
- Mrs. Nidhi Sirwani, Chief Financial Officer
- Mr. Mehul Shah, Company Secretary & Compliance Officer
- Mr. Mujahid Sayyed, Marketing Head
- Mr. Yuvraj Patil, Admin Head
- Mr. Pravin Patil, Operation Head
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.
Roni Households IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Issued: Public Issue of Equity Shares by the Company | Upto 15,00,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 20 per share aggregating Rs. 300 lakhs |
| of which | |
| Issue Reserved for the Market Makers |
Upto 84,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 20 per share aggregating Rs. 16.8 lakhs |
| Net Issue to the Public* | Upto 14,16,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 20 per share aggregating Rs. 283.2 lakhs |
| Of which | |
| Upto 7,08,000 Equity Shares of Rs. 10 each at a price, will be available for allocation for Investors of up to Rs. 2.00 lakhs | |
| Upto 7,08,000 Equity Shares of Rs. 10 each at a price of Rs. [●] per Equity Share will be available for allocation for Investors of above Rs. 2.00 lakhs | |
| Equity Shares outstanding prior to the Issue |
28,35,946 Equity Shares of face value of Rs.10/- each |
| Equity Shares outstanding after the Issue |
43,35,946 Equity Shares of face value of Rs.10/- each |
Roni Households IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the Working Capital requirements of the Company:
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
- General Corporate Purposes
Roni Households 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:
- Strong Balance Sheet and Financial Condition
- Favourable Government Schemes
- Existing Supplier Relationship through the Promoter – Mr. Harish Sirwani
- Experienced Promoters and a good employee base.
- Existing Client Base through the Promoter
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | – | – | – |
| 31-Mar-17 | – | – | – |
| 31-Mar-18 | 0.89 | 13.26 | 11.53 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Highest | 81.7 |
| Lowest | 12.1 |
| Average | 28.1 |
- Competitive Peers:
They believe that there is no other listed company which is specifically comparable to them w.r.t. their business model and size.
Roni Households IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999 Fax No.: +91 22 2263 0434 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mrs. Jyothi Shetty SEBI Registration No. INM000011344 |
Roni Households 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 – 400 059 Tel No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com; Contact Person: Mr. Srinivas Dornala SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. Raju & Prasad, Chartered Accountants.
- Peer Review Auditor – M/s. Raju & Prasad, Chartered Accountants
- Bankers to the Company – [●]
Roni Households IPO Review by Top 10 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 |
Roni Households IPO Grey Market Premium
The Roni Households 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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Roni Households IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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