Rajeshwari Cans IPO will open for subscription from 31 March 2021. the company aims for an issue size of ₹4.03 Crore through this fixed price issue IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Rajeshwari Cans Limited
Incorporated in 2013, Rajeshwari Cans Limited is primarily engaged in the business of manufacturing round-printed tin containers of different sizes for packing material and also performs printing work on it. The company supplies its tin containers to tobacco manufacturers and paint companies. It manufactures 50 gm to 500 gm containers for the packing of tobacco material and up to 5 liters of containers for the paint industry. It has a manufacturing unit at Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate where it carries out all of the manufacturing activities.
Objectives of the Issue
- Meeting the incremental working capital requirement of the business.
- General corporate purposes.
Competitive strengths
- High-quality tin containers of different sizes.
- Highly experienced promoters.
- Strategically located manufacturing unit.
Basic details about the company
| Full name | Rajeshwari Cans Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Packing |
| Company Website | www.rajeshwaricans.com |
IPO Details
| IPO Opening Date | 31 March 2021 |
| IPO Closing Date | 06 April 2021 |
| Issue Type | Fixed Price Issue IPO |
| Issue size | ₹4.03 Crore |
| No of shares offered | 2,016,000 Equity Shares |
| Face Value | ₹10 per equity share |
| Offer Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Application amount | ₹120,000 |
| Listing At | BSE SME |
Financial summary
| Particulars | For the year/period ended (₹ in Lakh) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 1,234.96 | 1,322.08 | 1,160.95 |
| Total Revenue | 2,209.73 | 2,132.33 | 1,849.64 |
| Profit After Tax | 18.69 | 15.75 | 11.21 |
Company Promoters
- Bharatkumar Vora
- Harshad Kumar Vora
- Siddharth Vora
- Pratik Vora
Rajeshwari Cans IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 61.71% |
Lead Managers
- Fedex Securities Limited
Rajeshwari Cans IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
Rajeshwari Cans Limited
96, Mahagujarat, Industrial Estate, Moraiya
Ta: Sanand, Ahmedabad -382210
Phone: 079-29796584
Email: rcl2gov@gmail.com
Website: http://www.rajeshwaricans.com/
Final thoughts
Rajeshwari Cans IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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