Rachana Infrastructure Limited IPO
NSE SME₹135,000 / 1000 Shares
Rachana Infrastructure Limited IPO Details
The Rachana Infrastructure Limited IPO price band is set between ₹135 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 20 May, 2022 and closes on 2 Jun, 2022. Investors can check the allotment status on 7 Jun, 2022, while the listing date is tentatively scheduled for 10 Jun, 2022.
The total issue size is 5,650,000 shares of ₹10, aggregating up to ₹77.97 Cr. Stay tuned for the latest Rachana Infrastructure Limited IPO review and GMP updates.
Rachana Infrastructure Limited IPO Review, Rating & Analysis
Rachana Infrastructure Limited IPO Review
NO REVIEWRachana Infrastructure Limited IPO Rating
Rachana Infrastructure Limited IPO Highlights
IPO Date
May 20, 2022 - Jun 2, 2022
Listing Date
10 Jun, 2022
Face Value
₹10 Per Equity Share
Price Band
₹135 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Rachana Infrastructure Limited IPO Lot Size
The minimum market lot for Rachana Infrastructure Limited IPO is 1000 shares with an application amount of ₹1,35,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,35,000 |
| Retail (Max) | 1 | 1000 | ₹1,35,000 |
| S-HNI (Min) | 2 | 2000 | ₹2,70,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,80,000 |
Rachana Infrastructure Limited IPO Timeline
Issue Price
₹135 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Interactive Financial Services LtdIssue Size
5,650,000 shares of ₹10(aggregating up to ₹77.97 Cr)Rachana Infrastructure Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Dec 21 | 87.84 | 41.71 | 1.39 | - | - | - |
| 31 Mar 21 | 80.43 | 107.05 | 4.55 | - | - | - |
| 31 Mar 20 | 106.18 | 158.40 | 5.97 | - | - | - |
| 31 Mar 19 | 79.81 | 113.93 | 4.66 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Girishkumar Raval
- Mrs. Bhaminiben Mehta
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 83.44% | % |
About Company
Rachana Infrastructure Limited offers infrastructure and civil construction services. Rachana Infrastructure is a mid-size private sector company engaged in the business of construction of roads and highways, irrigation, hydropower project and mining and pipeline construction. Rachana Infrastructure Limited is expanding business in the other states of India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.
The roads project that the company has executed are MPRDC- ADB Loan IV, OPAL Petrochemical Refinery Road work at Dajeh SEZ, C.C Road Construction for MP PWD and Vadodara-Mumbai 6 Lane Highway.
Rachana Infrastructure Limited has an in-house integrated system and machinery for all stages of mining, right from Mining/Extraction of raw material from the mine up to Crushing and Finished Production of Black Trap Stone Aggregate.
Rachana Infrastructure Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,683,000 | 2,683,000 | 5,366,000 |
Day 1 -20-05-22 05:00 PM | 0.00 x | 0.12 x | 0.06 x |
Day 2 -23-05-22 05:00 PM | 0.04 x | 0.21 x | 0.13 x |
Day 3 -24-05-22 05:00 PM | 0.04 x | 0.22 x | 0.13 x |
Day 4 -25-05-22 05:00 PM | 0.09 x | 0.27 x | 0.18 x |
Day 5 -26-05-22 05:00 PM | 0.09 x | 0.29 x | 0.19 x |
Day 6 -27-05-22 05:00 PM | 0.09 x | 0.31 x | 0.20 x |
Day 7 -30-05-22 05:00 PM | 0.37 x | 0.34 x | 0.36 x |
Day 8 -31-05-22 05:00 PM | 0.47 x | 0.36 x | 0.42 x |
Day 9 -01-06-22 05:00 PM | 0.63 x | 0.44 x | 0.53 x |
Day 10 -02-06-22 05:00 PM | 1.82 x | 0.60 x | 1.21 x |
Frequently Asked Questions about Rachana Infrastructure Limited IPO IPO
When will Rachana Infrastructure Limited IPO open for subscription?
The Rachana Infrastructure Limited IPO opens on 20 May, 2022 and closes on 2 Jun, 2022.
What is the investors portion for Rachana Infrastructure Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2683000.
How to apply for Rachana Infrastructure Limited IPO?
You can apply for Rachana Infrastructure Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Rachana Infrastructure Limited IPO?
The issue size of Rachana Infrastructure Limited IPO is approx ₹5,650,000 shares of ₹10(aggregating up to ₹77.97 Cr) crores.
What is the price band of Rachana Infrastructure Limited IPO?
The price band for Rachana Infrastructure Limited IPO is ₹135 per equity share to ₹undefined.
What is the lot size of Rachana Infrastructure Limited IPO?
The minimum bid (lot size) for Rachana Infrastructure Limited IPO is N/A shares with an investment of approx ₹135,000 .
What is the allotment date of Rachana Infrastructure Limited IPO?
The allotment date for Rachana Infrastructure Limited IPO is 7 Jun, 2022.
What is the listing date of Rachana Infrastructure Limited IPO?
The listing date for Rachana Infrastructure Limited IPO is expected to be 10 Jun, 2022.
What is the GMP of Rachana Infrastructure Limited IPO?
The latest Grey Market Premium (GMP) for Rachana Infrastructure Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.