IPO Issue Details
Issue Price / Price Band₹11 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size36,00,000 shares (aggregating up to ₹3.96 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 09 Jan 2015
Subscription CloseTue, 13 Jan 2015
Anchor AllotmentThu, 08 Jan 2015
Basis of AllotmentMon, 19 Jan 2015
Initiation of RefundsTue, 20 Jan 2015
Credit of Shares to DematTue, 20 Jan 2015
Listing DateWed, 28 Jan 2015
UPI Mandate Deadline2015-01-13
Application & Investment Details
Retail — Min (1 Lots)₹1,10,000 — 10,000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)₹2,20,000 — 20,000 shares
Net Offer to Public30,20,000 shares (aggregating up to ₹3.32 Cr)
Reserved for Market Maker1,80,000 shares (aggregating up to ₹0.1980 Cr)
Pre-IPO Promoter Holding83,17,550 shares
Post-IPO Promoter Holding1,19,17,550 shares
About Raghuvansh Agrofarms Ltd.
Incorporated in 2013, Raghuvansh Agrofarms Ltd is engaged in cultivation of Organic Vegetables, Organic Grains and Cereals. They have an integrated facility for cultivation, processing and distribution of agricultural produce. Company is also in the business of dairy farming and production and distribution of dairy products.RAL owns cultivable lands and cattle stock, have consultancy liaisons with researchers, and possess vast experience in Indian business environment. The company offer financial, technical, strategic assistance in the agricultural and dairy business areas to establish profitable enterprises.The Company is planning to set up a 3 MCi commercial radiation processing facility for approved low and medium dose items such wheat, atta, Soya bean and spices such as Coriander, Chilies etc.
Objects of the Issue
Raghuvansh Agrofarms Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Construction of 1000 M3 capacity of Bio-Gas Plant for Power Generation
1.83
2
2 Investment in the Subsidiary companies, Sanjeevani Fertilizers and Chemicals Private Limited and Kanpur Organics Private Limited
1.90
3
3 To raise funds for General Corporate Purposes
0.21
Shareholding & Lock-in
Pre-IPO Promoter Holding
83,17,550 shares
Post-IPO Promoter Holding
1,19,17,550 shares