RSH Agro Products IPO – Review, Allotment, Subscription, Price, Date & more
Last Updated Date: Aug 24, 2022RSH Agro Products is the leading brand in the north eastern part of India for manufacturing and supplying of edible oils specifically Mustard Oil, Rice Bran Oil, RBD Palmolein Oil, Soya Bean Oil and Blended Edible Vegetable Oils (BEVO). The Company has issued 60,00,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the RSH Agro Products IPO release date, IPO offer price, subscription, RSH Agro Products IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
RSH Agro Products IPO Review & Ratings
| RSH Agro Products IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.7/10 |
| Industry Ranking | 6.6/10 |
| Company Background | 6.7/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.8/10 |
| Promoters Reputation | 6.5/10 |
| Retail Appetite | 6.8/10 |
| Top Brokers Review | 6.5/10 |
| Overall Ratings | 6.5/10 |
| Star Ratings | ★★★☆☆ |
Summary of RSH Agro Products IPO
RSH Agro Products is the leading brand in the north eastern part of India for manufacturing and supplying of edible oils specifically Mustard Oil, Rice Bran Oil, RBD Palmolein Oil, Soya Bean Oil and Blended Edible Vegetable Oils (BEVO). The Company has issued 60,00,000 Equity shares of Rs.10 each. The company is mainly engaged in manufacturing and supplying of Mustard Oil that is widely used for cooking. This oil is extensively demanded in household and food industries for its pungent smell and various health benefits.
The Promoter of this company are Kamal Kumar Harlalka, Anupriya Harlalka, and Hemant Harlalka. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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RSH Agro Products IPO Date
The opening and the closing date of IPO of RSH Agro Products is not known yet.
RSH Agro Products IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
RSH Agro Products IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to ___Equity Shares shall be reserved for Market Maker upto __Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.
RSH Agro Products IPO Price Band
The face value of each share is Rs 10, but the price band is not fixed yet.
RSH Agro Products IPO Equity Share Offering
60,00,000 Equity Shares of Rs 10/- each with the Issue Price of Rs __ which will be aggregated to Rs ___ lacks.
RSH Agro Products- Company Overview
RSH Agro Products was originally incorporated as “R.S.H. Agro Products Private Limited” at Kolkata, West Bengal as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 26, 2012 bearing Corporate Identification Number (CIN) U15132WB2012PTC183129 issued by Registrar of Companies, West Bengal. On February 28, 2013, the Company acquired the business of Partnership firm in the name of M/s. R.S.H. Agro Products through Business Purchase Agreement. Subsequently, it was converted into Public Company pursuant to Shareholders resolution passed at the Annual General Meeting of the Company held on August 21, 2017 following which the name of the Company was changed to “R.S.H. Agro Products Limited” and a fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated September 06, 2017 was issued by the Registrar of Companies, Shillong, Assam, Meghalaya, Manipur, Tripura, Mizoram, Nagaland & Arunachal Pradesh.
Competitive Strengths of RSH Agro Products
- Quality Assurance
- Customer Satisfaction
- Scalable Business Model
- Customer Oriented Approach
- Government Supportive Incentives
- Experienced management team and a motivated and efficient work force
Business strategies of RSH Agro Products:
- Increasing focusing on the business and enhancing execution efficiency
- To Build-up a Professional Organization
- Optimal Utilization of Resources
- Long Term Relationship with Clients
RSH Agro Products – 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-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 9136.61 | 6958.84 | 4049.15 | 2217.81 | 684.94 |
| Total Revenue | 17449.75 | 11770.51 | 3832.04 | 4.50 | NA |
| Total Expense | 16545.82 | 11315.63 | 3765.97 | 70.34 | .80 |
| Profit After Tax | NA | NA | NA | NA | NA |
Earnings per Equity Share (in Lakhs)
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic | 4.98 | .82 | 27.05 |
| Diluted | 4.98 | .82 | 27.05 |
From the above statements, one could find that the RSH Agro Product Limited may perform well.
RSH Agro Product IPO – Promoters
The Promoter of this company are:
- KAMAL KUMAR HARLALKA
- HEMANT HARLALKA
- JSB ENTRADE PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Amitansu Mahapatra
- Arindam Singh Deka
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.
RSH Agro Product IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 60,00000Equity Shares of Rs 10/- each at an Issue Price of Rs __ |
| Of which: | |
| Reserved for Market Makers | __Equity Shares of Rs 10/- each at an issue price. |
| Net Issue to the Public | ___ Equity Shares of Rs 10/- each at an issue price. |
| Of which: | |
| Retail Investors Portion | ____Equity Shares of Rs 10/- each at an Issue Price |
| Non-Retail Investors Portion | __Equity Shares of Rs 10/- each at an Issue Price. |
| Equity Shares outstanding prior to the Issue | ___ Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | ____ Equity Shares of Rs 10/- each |
RSH Agro Product IPO Issue Object
These are the IPO Issue Objects of the company
- To finance setting up of Palmolien Oil Refining unit
- Repayment/Pre-payment of secured borrowing availed by the Company
- Funding the working capital requirements of the Company
- General Corporate Purposes
RSH Agro Product 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 Management Team
- Quality Assurance
- Scalable Business Model
- Government Support and Incentives
- Customer oriented approach
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 4.98 | 15.20% | NA |
| 31-Mar-16 | .82 | 4.65% | NA |
| 31-Mar-17 | 4.50 | 29.88% | 13.93 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 3.87 |
| Highest | 3.87 |
| Lowest | 3.87 |
- Competitive Peers
RHS Agro Product IPO Lead Managers
| Lead Managers |
| PHANTOM CAPITAL ADVISORS PRIVATE LIMITED 406-408, keshava Premises, Behind Family Court, Bandra East, Mumbai-400051, India Tel. No.: +91-22 6194 6700 Fax No.: +91-22 2659 8690 Website: www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Email: : ipo@pantomathgroup.com Contact Person : Unmesh Zagade SEBI Regn. No. INM00001211 |
RSH Agro Product 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, Maharashtra, India. Tel: +91 22 62638200, Fax: +91 22 62638299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Id: investor@bigshareonline.com Contact Person: Babu Raphael SEBI Registration Number: INR000001385 |
Other Details:
- Statutory Auditor –M/s VL Jalan and Associates, Chartered Accountants
- Peer Review Auditor –M/s NK Ashwani & Co,Chartered Accountants
- Bankers to the Company – ICICI Bank
RSH Agro Product IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
RSH Agro Product IPO Grey Market Premium
The RSH Agro Product 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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