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Let’s have a detailed review of the company and analytics of the RPP Infra Projects Rights Issue offer open date, Term of payment, RPP Infra Projects Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Issue PriceRs 30
Listing AtNSE, BSE
Min. Lot Size[●] Eq Shares
Record DateSeptember 20, 2021
Issue Size (Rs.)Rs 48,00,00,000 
Shares for Issue1,60,00,000 Eq Shares
Rights entitlement3:5 (3 Rights Equity Shares for every 5 fully paid-up
Equity Shares held on the Record Date)

RPP Infra Projects Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.

Live Performance – RPP Infra Projects Share Price

RPP Infra Projects Rights Issue – Summary

RPP Infra Projects Rights IssueThey are an Indian company headquartered in Tamil Nadu that provides engineering, procurement, and construction services. They operate across different states with a focus on South India and, in particular, Tamil Nadu. Company also execute projects overseas, for the Government of India, in neighboring Asian countries.

As of date, they have completed over 150 projects across diverse verticals, including roads, highways and bridges, infrastructure projects, mass housing projects and townships, industrial structures, irrigation, and water supply projects, hotels, hospitals, educational institutions, and civil structures.

The Promoter of this company is P. ARULSUNDARAM AND A. NITHYA. The lead manager to the issue is INGA VENTURES PRIVATE LIMITED, and the Registrar to this issue is Cameo Corporate Services Limited.


RPP Infra Projects Rights Issue Date

The opening and the closing date of the IPO of RPP Infra Projects Limited are September 27, 2021, and October 18, 2021,  Respectively.


RPP Infra Projects Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

RPP Infra Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
September 27, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsSeptember 24, 2021
Issue Closing DateOctober 18, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeOctober 25, 2021
Record dateSeptember 20, 2021
Date of AllotmentOctober 26, 2021
The credit of Shares to Demat AccountOctober 27, 2021
Share Listing DateNovember 1, 2021

RPP Infra Projects Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.30 per Eq share. 


RPP Infra Projects Rights Issue Equity Size

This Initial Public Issue of 1,60,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.30 per equity share aggregating to Rs 48,00,00,000.


RPP Infra Projects Rights Issue – Live Performance

The listing date of this IPO is November 1, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – RPP Infra Projects Share Price

RPP Infra Projects Rights Issue – Company Overview

Their business operations are predominantly in South India with a significant focus on Tamil Nadu. The 3 business segments they operate in are the following: 1. Civil construction; 2. Infrastructure such as roads, highways, bridges, power, etc.; and 3. Irrigation and water management.

They are currently executing 41 projects across 6 Indian states with an Order Book of Rs 3,113.25 crores. In addition to the projects in India, their Company has also executed 3 projects in Sri Lanka and one prestigious power grid project in Bangladesh.

The project in Bangladesh was executed in a consortium with a multinational conglomerate. Further, currently, their Company is also executing certain projects for the Government of India in Sri Lanka, Myanmar, and Bangladesh. In their international operations, their Company operates through geographic location-specific joint ventures or subsidiaries, and where appropriate, through branch offices.

Currently, they have 3 Indian subsidiaries, 1 Indian step-down subsidiary, and 1 subsidiary each in Sri Lanka and Mauritius


RPP Infra Projects Rights Issue – Financial Statements

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

Financial Summary:

Amount (in INR & Crores)
31-Mar-2131-Mar-20
Total Assets633.77588.57
*Total Revenue524.33607.96
Total Expense502.21574.31
Profit After Tax15.5018.16

Earnings per Equity Share (in Crores)

31-Mar-2131-Mar-20
Basic6.558.04
Diluted6.558.04

 

Financial Performance:

Their total income decreased by 13.75% from Rs 607.96 crores in Fiscal 2020 to Rs 524.33 crores in Fiscal 2021. The decrease was primarily due to the COVID-19 pandemic and overall reduction in revenue from operations.

Their total expenses decreased by 12.55% from Rs 574.31 crores in Fiscal 2020 to Rs 502.21 crores in Fiscal 2021. This decrease was primarily due to a decrease in the cost of raw materials and components consumed and a decrease in their direct operating costs.

As a result of the foregoing factors, their profit for the year decreased by 14.65% from Rs 18.16 crores in Fiscal 2020 to Rs 15.50 crores in Fiscal 2021.


RPP Infra Projects Rights Issue – Promoters

The Promoters of this company are:

  1. P. ARULSUNDARAM
  2. A. NITHYA

List of Related Parties (Key Managerial Personnel)

  • P. Arulsundaram, Chairman and Managing Director
  • A. Nithya, Whole-time Director
  • K. Rangasamy, Independent Director
  • P. Muralidasan, Non-Executive Director
  • P. R. Sundararajan, Independent Director
  • R. Kalaimony, Independent Director

RPP Projects Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 1,60,00,000 Equity Shares
Rights Entitlement3:5 (3 Rights Equity Shares for every 5 fully paid-up
Equity Shares held on the Record Date)
Record DateSeptember 20, 2021
Issue Price per Rights Equity SharesRs.30/-
Issue SizeUpto 1,60,00,000 Rights Equity Shares of face value of Rs
10 each for cash at a price of Rs 30 per Rights Equity Share
up to an amount of Rs 48.00 crores
Equity Shares issued, subscribed, and paid up prior to the Issue2,36,50,584 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to 3,78,80,584 Equity Shares

RPP Infra Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Long-term working capital requirements; and
2. General corporate purposes.

RPP Infra Projects – Business Strategy

  • Expanding Pan-India operational presence
  • Augmenting focus on higher-margin projects
  • Increasing focus on infrastructure and water management projects
  • Entering into joint ventures / tie-ups with larger operators

RPP Infra Rights Issue Lead Managers

Lead Managers
INGA VENTURES PRIVATE LIMITED
1229, Hubtown Solaris, N.S. Phadke Marg,
Opp. Telli Galli, Andheri (E) – 400 069
Mumbai, Maharashtra, India
Tel: +91 22 2681 6003
Email: kavita@ingaventures.com
Investor Grievance e-mail: investors@ingaventures.com
Website: www.ingaventures.com
Contact Person: Kavita Shah
SEBI Registration No.: INM000012698

RPP Infra Rights Issue Registrar to offer

Registrar to the Offer
CAMEO CORPORATE SERVICES LIMITED
Subramanium Building #1, Club House Road,
Chennai – 600 002,
Tamil Nadu, India
Tel: +91 44 2846 0390 / +91 44 4002 0700
Email: priya@cameoindia.com
Investor Grievance Email: investor@cameoindia.com
Website: www.cameoindia.com
Contact Person: Ms. Sreepriya K
SEBI Registration No.: INR000003753

RPP Projects Rights Issue – Other Details

  • Statutory Auditor – M/s Sundaram & Narayanan
  • Legal Counsel to the Company – Bharucha & Partners
  • Bankers to the Company – Indian Overseas Bank, Bank of India, EXIM Bank, and IDBI Bank


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    RPP Infra Projects Limited Rights Issue News

    News 1 – RPP Projects Rights Issue Draft Download

    News 2 –  RPP Infra Projects Rights Issue Letter of Offer


    RPP Infra Projects Rights Issue Review FAQs

    Where to download the RPP Infra Projects Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional RPP Infra Projects Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for RPP Projects Rights Issue?

    Application forms of RPP Infra Projects Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check the RPP Infra Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the RPP Infra Projects Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the RPP Infra Rights Issue price per share?

    The rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.30 per Equity Share through the RPP Infra Projects Rights Issue.

    Who is the registrar to the RPP Infra Rights Issue?

    Registrar, as chosen by RPP Infra Projects is Cameo Corporate Services Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the RPP Infra Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the RPP Infra Projects Rights Issue is all set to open on September 27, 2021.

    When the RPP Projects Rights Issue is closing?

    While, the offer would open on September 27, 2021, it is most likely scheduled to close on October 18, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the RPP Infra Projects Rights Issue.

    What is the RPP Infra Projects Rights Issue size?

    RPP Infra Projects Rights Issue is a proposal to raise 1,60,00,000 Equity shares, aggregating to Rs 48 Crores, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the RPP Infra Projects Rights Issue Lead manager?

    A designated underwriter or lead manager of RPP Infra Projects Rights Issue is INGA VENTURES PRIVATE LIMITED. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the RPP Infra Projects Rights Issue?

    There are a bunch of important dates regarding the RPP Infra Projects Rights Issue, which you need to know about. The priority should be the Record Date of September 20, 2021 ., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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