Rudrabhishek Enterprises IPO – Review, Allotment, Subscription, Price, Date & more

The issue size of this IPO is 18.73 cr. @ Rs.41 per share. The Rudrabhishek Enterprises Limited is launching its IPO on 29th june 2018. Rudrabhishek Enterprises Limited a consultancy based in Delhi is all set to float an IPO. 

Lets have a detailed review of Rudrabhishek Enterprises IPO and an in-depth analysis of the IPO release date, IPO offer price, Rudrabhishek Enterprises IPO subscription, IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Rudrabhishek Enterprises IPO Review & Ratings

Rudrabhishek Enterprises IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.1/10
Industry Ranking 6.3/10
Company Background6.5/10
Company Reputation6.2/10
Competitive Edge6.3/10
Financial Statements6.4/10
Popularity Index6.5/10
Promoters Reputation6.5/10
Retail Appetite 6.7/10
Top Brokers Review6.0/10
Overall Ratings 6.4/10
Star Ratings★★★☆☆

Summary of Rudrabhishek Enterprises IPO

Rudrabhishek Enterprises IPOThe company that has been in the consultancy services for about 25 years is raising an IPO. The IPO investment upon this firm is definitely not a bad idea as this firm has shown exceptionally great results in the past few years. The Rudrabhishek Enterprises have their presence all over the world.

The company has undertaken a lot of government projects in the past few years. Public issue of 4,290,000 Equity Shares of face value of 10.00, each of the Company for cash at a price of [●] per Equity Share (including a share premium of [●] per Equity Share).

The Promoters of this company are

  • Pradeep Misra
  • Richa Misra

The lead manager to the issue is Corporate Capital Ventures Private Limited and the registrar to the issue is Skyline Financial Services Private Limited.


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Rudrabhishek Enterprises IPO Date

The opening date is 29th June 2018 & closing date is 5th July 2018.

Rudrabhishek Enterprises IPO Subscription

 Subscription
Day 1 – 29th June 2018786,000
Day 2 X
Day 3X
Day 4 X
Day 5 X

Rudrabhishek Enterprises IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

Rudrabhishek Enterprises IPO Price Band

The face value of the Equity Shares is Rs 10/- each and the Issue Price is Rs.41 the share price.

Rudrabhishek Enterprises IPO Issue Size

The issue size of this IPO is 1873 lakhs or Rs.18.73 cr.

Rudrabhishek Enterprises IPO Equity Share Offerings

Public issue of 4,290,000 Equity Shares of the face value of Rs.10 each.



Rudrabhishek Enterprises Limited – Company Overview

Rudrabhishek has managed and planned complex projects in areas like Real Estate that includes Residential, Integrated Township, Commercial, Housing; Retail that includes offices and malls. The company has accomplished some of the dreams of the government like the implementation of smart cities. The smart city planning for Indore, Varanasi, and UP were actually planned by Rudrabhishek Enterprises Limited.

The company has a lot of subsidiary companies in its kitty in order to provide a wholesome range of services. As the consultancy makes sure that they get the required order, the project is split among its own sister concerns. This proves that the company is never devoid of good projects. This means that investing in the IPO of this company is sure to bring a lot of profits. There are offices within India in major cities to provide immediate assistance and guidance to the projects within the Indian territory. There are offices abroad to guide and monitor the projects abroad.

The key management personnel of the company is:

  • Pradeep Misra, Chairman & Managing Director
  • Richa Misra, Whole Time Director
  • Vikas Gupta, Company Secretary & Compliance Officer
  • Manoj Kumar, Chief Financial Officer

Competitive Strengths of Rudrabhishek Enterprises Limited:

  • Experienced promoters and Management Expertise
  • Quality projects and committed operations
  • Independent Execution capabilities
  • Networking strength

Business strategies of Rudrabhishek Enterprises Limited:

  • Leveraging Market Skills
  • Long Term Relationship with Clients
  • Achieving Operational Efficiencies
  • Expand Distribution Network & Customer Base
  • Brand Building
  • Expand the Business in new location

Rudrabhishek Enterprises – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Assets of the Company

Assets (in INR & Lakhs)

 30-Sep-1731-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Non-Current Asset1619.131663.281327.461299.571117.851193.59
Current Assets2967.082257.332057.961811.121446.54861.78
Total Assets4,586.283,920.613,385.423,110.692,564.391,416.52

Revenue & PAT of the Company

   Revenue and Profit (in lakhs)

 30-Sep-1731-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Revenue 3,204.722,794.083,411.803,515.003,210.892,190.04
Profit After Tax 395.23414.05542.25467.89759.19397.59

Earnings per Equity Share (in Lakh)

 30-Sep-1731-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Basic 3.363.514.493.986.453.38
Diluted 3.363.514.493.986.453.38

From the above statements, one could find that the garment company has not performed that good.


Rudrabhishek Enterprises IPO – Promoters

The Promoters of this company are

  • Pradeep Misra
  • Richa Misra

The interest of Promoters in the promotion of the company

The promoters of this company hold key managerial positions in the company. So, they have shown interest towards the promotion of the company.

The interest of Promoter in the property of the company

The promoters of the company have never shown any interest in acquiring the property of the company two years prior to the filing of the red draft herring prospectus.

Apart from these two major promoters, there are few other individual promoters.


Rudrabhishek Enterprises IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares OfferedThe issue of 4,290,000* Equity Shares having a face value of 10.00 each at a price of [●] per Equity Share (including a share premium of [●] per Equity share) aggregating [●] lakhs
 Of which:
 Reserved for Market Makers [●] Equity Shares of Rs. [●] each for cash at a price of Rs. [●] per Equity Share aggregating [●] Lakhs.
 Net Issue to the Public [●] Equity Shares of Rs. [●] each for cash at a price of Rs. [●] per equity share aggregating Rs. [●] Lakhs.
 Of which:
 Retail Investors Portion Minimum of [●] Equity Shares of Rs. [●] each (constituting 50% of the Net Issue to the Public) for cash at a price of Rs. [●] per equity share aggregating Rs. [●] Lakhs.
 Non-Retail Investors Portion[●] Equity Shares of Rs. [●] each for cash at a price of Rs. [●] per equity share aggregating Rs. [●] Lakhs.
 Equity Shares outstanding prior to the Issue12,770,500 Equity Shares of the face value of Rs. 10 each
 Equity Shares outstanding after the Issue17,060,500 Equity Shares of the face value of Rs. 10 each

 


Rudrabhishek Enterprises IPO Issue Object

These are the IPO Issue Objects

  • The amount that is raised from this IPO would be used for the raising of capital requirements.
  • The amount would also be used for meeting the general corporate purposes
  • The expense that has been incurred by this IPO is also met.

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Rudrabhishek Enterprises 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. The Equity Shares of the face value of 10.00 each at an Issue Price of [●] per equity share.

Qualitative factors are:

  • The highly skilled management team
  • Highly efficient workforce
  • The offering of a variety of services
  • Product quality is assured
  • The presence of a good marketing and service network

The relevant quantitative factors are: 

  • Earnings Per Share (EPS) and Diluted Earnings Per Share, Pre-Issue for last three years (as Adjusted for change in capital) on Standalone and Consolidated Basis
  • Price/Earnings (P/E) ratio in relation to Price Band of Rs. [●]/- to Rs. [●] per Equity Shares of Rs. 10.00/- each fully paid up
  • Return on Net Worth in the last three years
  • Minimum Return on Net Worth after Issue needed to maintain Pre-Issue EPS for the year ended March 31, 2017.
  • Net Asset Value (NAV) per Equity Share
  • Comparison of Accounting ratios with Industry peers

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Rudrabhishek Enterprises IPO Lead Managers

Lead Managers
CORPORATE CAPITAL VENTURES PRIVATE LIMITED

Rudrabhishek Enterprises IPO Registrar to offer

Registrar to the Issue
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

Rudrabhishek Enterprises IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking6.4/106.6/106.0/106.4/106.0/10
Sharekhan6.2/106.1/106.6/106.1/106.2/10
Kotak Securities6.3/106.2/106.3/106.4/106.3/10
ICICI Direct6.3/106.3/106.7/106.1/106.1/10
IIFL6.2/106.2/106.8/106.0/106.1/10
Edelweiss6.2/106.3/106.3/106.3/106.2/10
Zerodha6.3/106.4/106.3/106.3/106.0/10
5Paisa6.1/106.4/106.3/106.1/106.1/10
Karvy6.3/106.3/106.2/106.1/106.0/10
Motilal Oswal6.3/106.4/106.3/106.5/106.4/10

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


Rudrabhishek Enterprises IPO Grey Market Premium

The Rudrabhishek Enterprises Limited IPO Grey Market Premium Rs X, Kostak Rate is Rs 300 and Subject to sauda at Rs 3000.


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Rudrabhishek Enterprises IPO News

News 1 – IPO ISSUES OPEN SOON (Download Prospectus)


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