IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size20,16,000 shares (aggregating up to ₹4.03 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 31 Mar 2021
Subscription CloseTue, 06 Apr 2021
Anchor AllotmentTue, 30 Mar 2021
Basis of AllotmentFri, 09 Apr 2021
Initiation of RefundsMon, 12 Apr 2021
Credit of Shares to DematTue, 13 Apr 2021
Listing DateThu, 15 Apr 2021
UPI Mandate Deadline2021-04-06
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
Net Offer to Public19,08,000 shares (aggregating up to ₹3.82 Cr)
Reserved for Market Maker1,08,000 shares (aggregating up to ₹0.2160 Cr)
Pre-IPO Promoter Holding32,30,000 shares
Post-IPO Promoter Holding52,46,000 shares
About Rajeshwari Cans Ltd.
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.Competitive strengthsHigh-quality tin containers of different sizes.Highly experienced promoters.Strategically located manufacturing unit.
Objects of the Issue
Rajeshwari Cans Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Meeting incremental working capital requirements
2.90
2
2 General corporate purposes
0.73
Shareholding & Lock-in
Pre-IPO Promoter Holding
32,30,000 shares
Post-IPO Promoter Holding
52,46,000 shares