Bombay Rayon Fashions IPO
Bombay Rayon Fashions IPO — date, price band, lot size & details 2005
Bombay Rayon Fashions listed on 5 Dec 2005 at ₹80, 14.3% above the ₹70 issue price.
Bombay Rayon Fashions makes woven shirting fabrics and, since June 2003, garments for export. Its total income was Rs 127.51 crore in FY2005.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 11 Nov 2005
- Close 17 Nov 2005
- Allotment 29 Nov 2005
- Refund/credit TBA
- Listing 05 Dec 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 17 Nov, 2005 |
|---|---|
| Price Band | ₹60 – ₹70 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹94.36 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 7,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹70 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹7,000 |
| Retail (max) | 28 | 2,800 | ₹1,96,000 |
| S-HNI (min) | 29 | 2,900 | ₹2,03,000 |
| S-HNI (max) | 142 | 14,200 | ₹9,94,000 |
| B-HNI (min) | 143 | 14,300 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income more than doubled from Rs 53.75 crore in FY2004 to Rs 127.51 crore in FY2005.
- 02Profit after tax rose from Rs 1.80 crore in FY2004 to Rs 7.26 crore in FY2005.
- 03Net worth rose from Rs 7.31 crore in FY2004 to Rs 53.24 crore in June 2005.
- 04Profit after tax was Rs 4.78 crore in the June 2005 quarter alone.
Risks · 5
- 01The promoters had limited experience in garment exports, a business it started only in June 2003.
- 02A slowdown in orders from its few main buyers would hit revenue, as disclosed in the prospectus; total income was Rs 47.41 crore in the June 2005 quarter.
- 03Garment exports bring currency risk; total assets were Rs 78.43 crore.
- 04The Rs 94.36 crore issue was large next to its net worth of Rs 45.53 crore in FY2005.
- 05Promoter group holding fell from 77.07% before the issue to 55.86% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Bombay Rayon Fashions offer document.
| Metric | 30 Jun 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 78.43 | 68.52 | 22.91 |
| Total Income | 47.41 | 127.51 | 53.75 |
| Profit After Tax | 4.78 | 7.26 | 1.80 |
| NET Worth | 53.24 | 45.53 | 7.31 |
| Reserves and Surplus | 19.25 | 12.94 | 2.34 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Bombay Rayon Fashions RHP.
Where the money goes
₹167.39 Cr of the issue is earmarked to named objects.
About the company
It makes woven fabrics, mainly shirting, and has made garments for export since June 2003.
The promoters had been in fabric weaving for almost two decades but had limited experience in making garments for export. It set up a wholly owned subsidiary in the Netherlands in September 2005.
The IPO was Rs 94.36 crore and was entirely a fresh issue at Rs 70, the top of the Rs 60 to Rs 70 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Bombay Rayon Fashions IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Anand Rathi Advisors Ltd
30 issues handledBest listing: Paras Defence & Space Technologies (+168.0%). Weakest: Aanjaneya Lifecare (-6.8%).
Axis Bank Ltd
9 issues handledBest listing: KNR Constructions (+23.5%). Weakest: Innoventive Industries (-4.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Bombay Rayon Fashions?
The current Grey Market Premium is ₹0.
What is the Bombay Rayon Fashions IPO price band?
₹60 to ₹70, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 November 2005, with listing on 5 December 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
