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
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets (in millions) | 1,234.96 | 1,322.08 | 1,160.95 |
| Total Revenue (in millions) | 2,209.73 | 2,132.33 | 1,849.64 |
| Profit After Tax (in millions) | 18.69 | 15.75 | 11.21 |
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