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Rajeshwari Cans Limited IPO – All you need to know

Rajeshwari Cans Limited is a Non- Government company in India. It is a public company and a ‘company limited by shares. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Rajeshwari Cans Limited IPO.

Rajeshwari Cans IPO Date & Price Band

IPO Open:31 March 2021
IPO Close:06 April 2021
IPO Size:Approx ₹4.03 Crore
Face Value:₹10 Per Equity Share
Price Band:₹20 Per Share 
Listing on:BSE SME
Retail Portion:50%
Equity:20,16,000 Shares

Rajeshwari Cans IPO Market Lot

Minimum Lot Size:Minimum 6000 Shares
Minimum Amount:₹ 1,20,000
Minimum Lot Size:Maximum 6000 Shares
Minimum Amount:₹ 1,20,000

Rajeshwari Cans IPO Allotment & Listing

Basis of Allotment:9 April 2021
Refunds:12 April 2021
Credit to Demat Account:13 April 2021
Listing Date:15 April 2021

Financials of Rajeshwari Cans Limited

Total Assets (in millions)1,234.961,322.081,160.95
Total Revenue (in millions)2,209.732,132.331,849.64
Profit After Tax (in millions)18.6915.7511.21

About Rajeshwari Cans Limited

Rajeshwari Cans Limited, founded in 2013, is mainly involved in the manufacture of round-printed tin containers of various sizes for packing material, as well as performs printing work on them. Tin containers supplied by companies are used by Tobacco manufacturers and paint manufacturers.

It produces containers ranging in size from 50 gm to 500 gm for the packaging of tobacco products, as well as containers ranging in size from 5 litres for the paint industry.

It has industrial units in Mahagujarat Industrial Estate and Shree Ganesh Industrial Estate, where it conducts all manufacturing operations.

Objective of the Issue:

The funds raised from the new issue will be used by Siddhika Coatings Ltd to:

  • Meeting the business’s incremental working capital needs.
  • General Corporate Objectives

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