Rachana Infrastructure Limited IPO (Rachana Infrastructure IPO) Detail
Rachana Infrastructure Limited offers infrastructure and civil construction services. Rachana Infrastructure is a mid-size private sector company engaged in the business of construction of roads and highways, irrigation, hydropower project and mining and pipeline construction. Rachana Infrastructure Limited is expanding business in the other states of India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.
The roads project that the company has executed are MPRDC- ADB Loan IV, OPAL Petrochemical Refinery Road work at Dajeh SEZ, C.C Road Construction for MP PWD and Vadodara-Mumbai 6 Lane Highway.
Rachana Infrastructure Limited has an in-house integrated system and machinery for all stages of mining, right from Mining/Extraction of raw material from the mine up to Crushing and Finished Production of Black Trap Stone Aggregate.
Competitive Strength
- Leading Road-focused BOQ and EPC Contractor.
- Management and an integrated in-house project team with strong execution capabilities and extensive industry experience.
- Visible growth through a robust order book.
Company Financials:
| Particulars | For the year/period ended (₹ in Lakhs) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 8,784.50 | 8,043.07 | 10,618.21 | 7,981.82 |
| Total Revenue | 4,171.07 | 10,705.67 | 15,840.55 | 11,393.32 |
| Profit After Tax | 139.85 | 455.31 | 597.13 | 466.45 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Repayment of Secured Loans.
2. Working capital requirement.
3. General Corporate Purpose.
4. Meeting Public Issue Expenses.
Rachana Infrastructure IPO Details
| Rachana Infrastructure IPO Date | May 20, 2022 to May 25, 2022 |
| Rachana Infrastructure IPO Face Value | ₹10 per share |
| Rachana Infrastructure IPO Price | ₹138 per share |
| Rachana Infrastructure IPO Lot Size | 1000 Shares |
| Issue Size | 5,650,000 shares of ₹10 (aggregating up to ₹77.97 Cr) |
| Fresh Issue | 2,825,000 shares of ₹10 (aggregating up to ₹38.99 Cr) |
| Offer for Sale | 2,825,000 shares of ₹10 (aggregating up to ₹38.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Girishkumar Raval and Mrs. Bhaminiben Mehta are the company promoters. |
Rachana Infrastructure IPO Lot Size
The Rachana Infrastructure IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹138,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹138,000 |
| Maximum | 1 | 1000 | ₹138,000 |
Rachana Infrastructure IPO Promoter Holding
| Pre Issue Share Holding | 83.44% |
| Post Issue Share Holding |
Rachana Infrastructure IPO Review
RIL is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on its latest financial performance, the issue is exorbitantly priced. There is no harm in skipping this pricy bet.
