Rachana Infrastructure Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

20 May 2022

Close Date

02 Jun 2022

Allotment

08 Jun 2022

Listing Date

10 Jun 2022

Exchange

NSE SME

Price Band

₹135

Listing Price

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Allotment Status

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Price Band

₹135

Per share

Face Value

₹10 per share

Lot Size

1,000 Shares

per lot

Issue Size

56,50,000 shares (aggregating up to ₹76.28 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

1,57,80,000 shares

Promoters

Post-IPO Holding

1,86,05,000 shares

Promoters

P/E (Pre)

138x

UPI Deadline

2022-06-02

Mandate

Anchor AllotmentThu, 19 May 2022

Basis of AllotmentWed, 08 Jun 2022

Refund InitiationThu, 09 Jun 2022

Demat CreditThu, 09 Jun 2022

Listing DayFri, 10 Jun 2022

UPI Mandate Deadline2022-06-02

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public53,66,000 shares (aggregating up to ₹72.44 Cr)

Market Maker Quota2,84,000 shares (aggregating up to ₹3.83 Cr)

Fresh Issue Shares25,41,000 shares (aggregating up to ₹34.30 Cr)

Offer for Sale28,25,000 shares of ₹10 (aggregating up to ₹38.14 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Rachana Infrastructure Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Jun 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	284,000	—	₹3.83
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,650,000	100%	₹76.28

IPO Shares Offered

Rachana Infrastructure Ltd. IPO total issue size: ₹76.28 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	284,000	₹3.83	5.03%
Total	5,650,000	₹76.28	100.00%

* Based on upper price band ₹135 per share

Lot Size & Investment

Lot Size

1,000

Shares per Lot

Issue Price

₹135.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,000	₹270,000
Retail (Max — 13 Lots)	13	13,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	14,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	68,000	₹9,180,000

* Issue Price ₹135 × Lot Size 1,000 shares

IPO Schedule

Anchor

19 May 2022

✓ Done

IPO Open

20 May 2022

✓ Done

IPO Close

02 Jun 2022

✓ Done

Allotment

08 Jun 2022

✓ Done

Refunds

09 Jun 2022

✓ Done

Demat Credit

09 Jun 2022

✓ Done

Listing Day

10 Jun 2022

✓ Done

₹135.00

INR · NSE

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Issue ₹135.00 Live Price

About Rachana Infrastructure Ltd.

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.Competitive StrengthLeading Road-focused BOQ and EPC Contractor.Management and an integrated in-house project team with strong execution capabilities and extensive industry experience.Visible growth through a robust order book.

Objects of the Issue

1. Repayment of Secured Loans.

2. Working capital requirement.

3. General Corporate Purpose.

4. Meeting Public Issue Expenses.

Rachana Infrastructure Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹15,840.6

31-Mar-20

₹10,705.7

31-Mar-21

₹4,171.1

31-Dec-21

Profit After Tax (PAT)

₹597.1

31-Mar-20

₹455.3

31-Mar-21

₹139.9

31-Dec-21

Particulars	31-Dec-21	31-Mar-21	31-Mar-20
Revenue from Operations	4171.07	10705.67	15840.55
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	139.85	455.31	597.13
Net Worth	N/A	N/A	N/A
Total Assets	8784.50	8043.07	10618.21
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered56,50,000 (100.00%)

Net Offer to Public53,66,000 shares (aggregating up to ₹72.44 Cr)

Reserved for Market Maker2,84,000 shares (aggregating up to ₹3.83 Cr)

Pre-Issue Promoter Holding1,57,80,000 shares

Post-Issue Promoter Holding1,86,05,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Interactive Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Rachana Infrastructure Ltd. IPO subscribed? ▲

Rachana Infrastructure Ltd. IPO is subscribed 1.00 times by Jun 02, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Rachana Infrastructure Ltd. IPO retail subscription status? ▼

The Rachana Infrastructure Ltd. IPO retail category is subscribed 1.00 times as of 02 Jun 2022. The retail portion is oversubscribed.

How to subscribe Rachana Infrastructure Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 20 May 2022 and closes 02 Jun 2022. Min investment: ₹135,000 (1 lot = 1,000 shares). UPI mandate: 2022-06-02.

How many times Rachana Infrastructure Ltd. IPO subscribed? ▼

The Rachana Infrastructure Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rachana Infrastructure Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Jun 2022. Refunds: on 09 Jun 2022.

When Rachana Infrastructure Ltd. IPO will be listed? ▼

The Rachana Infrastructure Ltd. IPO listing date is 10 Jun 2022, Friday. Listed on: NSE SME. Issue price: ₹135. Estimated listing: ₹135. GMP: NIL.

When Rachana Infrastructure Ltd. IPO close? ▼

The Rachana Infrastructure Ltd. IPO closes on 02 Jun 2022, Thursday. UPI mandate: 2022-06-02. Allotment: 08 Jun 2022. Listing: 10 Jun 2022.

Quick Actions

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Live Price LIVE

Last Price₹135.00

Change—

Issue Price₹135.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹135

Face Value₹10

Lot Size1,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹135

Subscribed1.00x

Open Date20 May 2022

Close Date02 Jun 2022

Allotment08 Jun 2022

Listing Date10 Jun 2022

ExchangeNSE SME

UPI Deadline2022-06-02