RDB Rasayans IPO
RDB Rasayans IPO — date, price band, lot size & details 2011
RDB Rasayans listed on 7 Oct 2011 at ₹85, 7.6% above the ₹79 issue price.
RDB Rasayans makes FIBC jumbo bags, woven sacks and other woven polymer products for fertiliser, cement, chemical and other industries. Its total income was Rs 45.55 crore in FY2011.
Stock price
RDB Rasayans 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 21 Sep 2011
- Close 23 Sep 2011
- Allotment 29 Sep 2011
- Refund/credit TBA
- Listing 07 Oct 2011
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 23 Sep, 2011 |
|---|---|
| Price Band | ₹72 – ₹79 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹35.55 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,320 |
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 80 shares at the ₹79 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹6,320 |
| Retail (max) | 31 | 2,480 | ₹1,95,920 |
| S-HNI (min) | 32 | 2,560 | ₹2,02,240 |
| S-HNI (max) | 158 | 12,640 | ₹9,98,560 |
| B-HNI (min) | 159 | 12,720 | ₹10,04,880 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 29.97 crore in FY2010 to Rs 45.55 crore in FY2011.
- 02Rs 27.81 crore of the issue was for a new unit adding 7450 MTPA of capacity.
- 03Its sacks serve many industries, so demand is spread; net worth was Rs 17.88 crore.
- 04Profit after tax rose from Rs 0.78 crore in FY2010 to Rs 1.80 crore in FY2011.
Risks · 5
- 01Profit after tax was only Rs 1.80 crore in FY2011, down from Rs 1.95 crore in FY2009.
- 02Total borrowing was Rs 12.52 crore in FY2011.
- 03Polypropylene prices drive its costs, and packaging bags are a competitive market; income was flat at Rs 29.95 crore in FY2009.
- 04The new Unit II costing Rs 27.81 crore carries execution risk for a company of this size.
- 05Promoter holding fell from 87.59% before the issue to 65.34% after it.
Three years of numbers
All figures in ₹ crore, as reported in the RDB Rasayans offer document.
| Metric | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|
| Total Income | 45.55 | 29.97 | 29.95 |
| Profit After Tax | 1.80 | 0.78 | 1.95 |
| NET Worth | 17.88 | 16.07 | 15.29 |
| Reserves and Surplus | 4.66 | 2.86 | 11.99 |
| Total Borrowing | 12.52 | 10.61 | 11.18 |
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 RDB Rasayans RHP.
Where the money goes
₹32.82 Cr of the issue is earmarked to named objects.
About the company
Its PP sacks are mainly used for packing fertilisers, cement, polymers, chemicals, textiles, machinery, automobiles and steel products.
It makes several types of FIBCs, including U+2 panel and circular jumbo bags.
The IPO was Rs 35.55 crore and was entirely fresh issue at Rs 79, the top of the Rs 72 to Rs 79 band. Most of the money was for a new Unit II adding 7450 MTPA of capacity.
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.
RDB Rasayans 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.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
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 RDB Rasayans?
The current Grey Market Premium is ₹0.
What is the RDB Rasayans IPO price band?
₹72 to ₹79, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 September 2011, with listing on 7 October 2011.
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.
