Raj Oil Mills IPO
Raj Oil Mills IPO — date, price band, lot size & details 2009
Raj Oil Mills listed on 12 Aug 2009 at ₹120, flat to the ₹120 issue price.
Raj Oil Mills is a maker and seller of edible oils, which took over the business of the firm Raj Oil Mills in 2002. Its total income was Rs 321.23 crore in the year to December 2008.
Stock price
Raj Oil Mills is listed — here is the live share price.
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 20 Jul 2009
- Close 23 Jul 2009
- Allotment 03 Aug 2009
- Refund/credit TBA
- Listing 12 Aug 2009
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 23 Jul, 2009 |
|---|---|
| Price Band | ₹100 – ₹120 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹114 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,000 |
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 50 shares at the ₹120 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,000 |
| Retail (max) | 33 | 1,650 | ₹1,98,000 |
| S-HNI (min) | 34 | 1,700 | ₹2,04,000 |
| S-HNI (max) | 166 | 8,300 | ₹9,96,000 |
| B-HNI (min) | 167 | 8,350 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 120.21 crore in 2006 to Rs 321.23 crore in 2008.
- 02Profit after tax rose from Rs 6.72 crore in 2006 to Rs 29.62 crore in 2008.
- 03EBITDA rose from Rs 12.87 crore in 2006 to Rs 52.29 crore in 2008.
- 04Net worth rose from Rs 17.84 crore in 2006 to Rs 102.74 crore in January 2009; return on net worth was 29.52%.
Risks · 5
- 01The brands, trade marks and copyrights of the business it took over in 2002 were not assigned to it.
- 02Edible oil margins are thin, with profit of Rs 29.62 crore on income of Rs 321.23 crore in 2008, and prices swing with crops and import duties.
- 03Rs 49.04 crore of the issue was for new facilities at Manor and Rs 25.69 crore for a crushing unit at Bagru.
- 04Total borrowing was Rs 24.90 crore in January 2009, and Rs 14.67 crore was for working capital margin.
- 05Promoter holding fell from 71.67% before the issue to 52.76% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Raj Oil Mills offer document.
| Metric | 31 Jan 2009 | 31 Dec 2008 | 31 Dec 2007 | 31 Dec 2006 |
|---|---|---|---|---|
| Assets | 165.36 | 162.48 | 93.59 | - |
| Total Income | 22.49 | 321.23 | 239.92 | 120.21 |
| Profit After Tax | 2.40 | 29.62 | 18.15 | 6.72 |
| EBITDA | 4.16 | 52.29 | 32.13 | 12.87 |
| NET Worth | 102.74 | 100.33 | 43.39 | 17.84 |
| Reserves and Surplus | 76.23 | 73.82 | 24.96 | 9.78 |
| Total Borrowing | 24.90 | 22.25 | 21.10 | 7.88 |
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 Raj Oil Mills RHP.
Where the money goes
₹133.75 Cr of the issue is earmarked to named objects.
About the company
It buys, sells, makes and processes edible oils, and its financial year ends on 31 December.
In 2002 it took over the business of the firm M/s Raj Oil Mills for Rs 75,00,000 by slump sale, but land and buildings and the brands, trade marks and copyrights were not assigned to it.
The IPO was Rs 114 crore and was entirely a fresh issue at Rs 120, the top of the Rs 100 to Rs 120 band. The money was for new facilities at Manor, a 200 TPD crushing unit for sesame and mustard at Bagru near Jaipur, and working capital.
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.
Raj Oil Mills 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.
PL Capital Markets Pvt. Ltd
2 issues handled2 of their issues have listed so far, and 1 opened above the issue price (average +11.7%). That is too small a sample to read as a hit rate.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 Raj Oil Mills?
The current Grey Market Premium is ₹0.
What is the Raj Oil Mills IPO price band?
₹100 to ₹120, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 August 2009, with listing on 12 August 2009.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services 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.
