RSH Agro Products IPO – Review, Allotment, Subscription, Price, Date & more

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. 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.Open Demat Account - Offers


RSH Agro Products IPO Review & Ratings

RSH Agro Products IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.7/10
Industry Ranking 6.6/10
Company Background6.7/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.8/10
Promoters Reputation6.5/10
Retail Appetite 6.8/10
Top Brokers Review6.5/10
Overall Ratings 6.5/10
Star Ratings★★★☆☆

Summary of RSH Agro Products IPO

RSH Agro Products IPORSH 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 1X
    Day 2 X
    Day 3X
    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-1731-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets9136.616958.844049.152217.81684.94
    Total Revenue17449.7511770.513832.044.50NA
    Total Expense16545.8211315.633765.9770.34.80
    Profit After TaxNANANANANA

     

    Earnings per Equity Share (in Lakhs)

    31-Mar-1731-Mar-1631-Mar-15
    Basic 4.98.8227.05
    Diluted 4.98.8227.05

    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:

    1. KAMAL KUMAR HARLALKA
    2. HEMANT HARLALKA
    3. 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 EPSRONW (%)NAV (Rs.)
    31-Mar-154.9815.20%NA
    31-Mar-16.824.65%NA
    31-Mar-174.5029.88%13.93
    • Industry P/E Ratio:
    ParticularsP/E ratio
    Average3.87
    Highest3.87
    Lowest3.87
    • 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 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.


    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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      RSH Agro Products IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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