Ruchira Papers IPO
Ruchira Papers IPO — date, price band, lot size & details 2006
Ruchira Papers listed on 20 Dec 2006 at ₹24, 4.3% above the ₹23 issue price.
Ruchira Papers is a Kala Amb, Himachal Pradesh based paper maker that used its IPO to add a writing and printing paper plant. Its total income was Rs 63.16 crore in FY2006.
Stock price
Ruchira Papers 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 23 Nov 2006
- Close 29 Nov 2006
- Allotment 12 Dec 2006
- Refund/credit TBA
- Listing 20 Dec 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 29 Nov, 2006 |
|---|---|
| Price Band | ₹21 – ₹23 |
| Face Value | ₹10 |
| Lot Size | 250 Shares |
| Issue Size | ₹28.5 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,750 |
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 250 shares at the ₹23 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 250 | ₹5,750 |
| Retail (max) | 34 | 8,500 | ₹1,95,500 |
| S-HNI (min) | 35 | 8,750 | ₹2,01,250 |
| S-HNI (max) | 173 | 43,250 | ₹9,94,750 |
| B-HNI (min) | 174 | 43,500 | ₹10,00,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its production capacity grew from 2310 TPA to 52800 TPA.
- 02Total income rose from Rs 48.84 crore in FY2005 to Rs 63.16 crore in FY2006.
- 03Restated profit after tax rose from Rs 2.67 crore in FY2005 to Rs 4.64 crore in FY2006.
- 04Net worth rose from Rs 16.33 crore in FY2005 to Rs 27.90 crore on 30 September 2006.
Risks · 5
- 01The new plant was planned at well over Rs 100 crore, including Rs 74.16 crore of plant and machinery, far more than the issue.
- 02It made restated losses in FY2002 and FY2003.
- 03Paper prices and wood and pulp costs swing with the cycle; total income was Rs 37.73 crore in six months to September 2006.
- 04All its production was at 1 location, Kala Amb.
- 05Promoter holding fell from 93.71% before the issue to 51.62% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Ruchira Papers offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 21.55 | 15.80 | 14.50 |
| Total Income | 37.73 | 63.16 | 48.84 |
| Profit After Tax | 3.02 | 4.64 | 2.67 |
| NET Worth | 27.90 | 24.87 | 16.33 |
| Reserves and Surplus | 19.07 | 16.22 | 9.61 |
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 Ruchira Papers RHP.
Where the money goes
₹139.01 Cr of the issue is earmarked to named objects.
About the company
It makes paper at its unit at Kala Amb.
Over the years it raised its production capacity from 2310 TPA to 52800 TPA.
The IPO was Rs 28.50 crore at Rs 23, the top of the Rs 21 to Rs 23 band. The money was for a writing and printing paper plant with a chemical recovery plant and a co-generation power plant.
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.
Ruchira Papers 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.
A.K.Capital Services Ltd
1 issue handled1 of their issues has listed so far, and 1 opened above the issue price (average +48.3%). That is too small a sample to read as a hit rate.
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 Ruchira Papers?
The current Grey Market Premium is ₹0.
What is the Ruchira Papers IPO price band?
₹21 to ₹23, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 December 2006, with listing on 20 December 2006.
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.
