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Open
20 May to 2 Jun, 2022
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Close
20 May to 2 Jun, 2022
3
Allotment
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Listing
Fri, Jun 10, 2022
Price Band
₹135 per share
Issue Size
56,50,000 shares (agg. up to ₹76 Cr)
Lot Size
1,000 Shares
Listing Date
Fri, Jun 10, 2022
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.00x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 87.85 | 80.43 | 106.18 | 79.82 |
| Total Income | 41.71 | 107.06 | 158.41 | 113.93 |
| Profit After Tax | 1.40 | 4.55 | 5.97 | 4.66 |
| EBITDA | 6.07 | 12.63 | 17.70 | 17.14 |
| NET Worth | 40.71 | 39.16 | 34.55 | 28.44 |
| Reserves and Surplus | 35.45 | 33.90 | 29.29 | 23.18 |
| Total Borrowing | 23.20 | 25.49 | 32.94 | 35.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sonu Infratech Ltd. | SME | ₹8.64 Cr | ₹36 | 15.79 | ₹37.60 | +4.44% | ₹45.00 (+4.65%) |
| Suyog Gurbaxani Funicular Ropeways Ltd. | SME | ₹29.50 Cr | ₹45 | null | ₹45.10 | +0.22% | ₹93.94 (-1.22%) |
| Promax Power Ltd. | SME | ₹1.60 Cr | ₹10 | null | ₹11.55 | +15.50% | ₹12.20 (+0.00%) |
| Destiny Logistics & Infra Ltd. | SME | ₹5.39 Cr | ₹20 | null | ₹19.70 | -1.50% | ₹105.90 (-4.98%) |
| Markolines Traffic Controls Ltd. | SME | ₹40.00 Cr | ₹78 | null | ₹65.30 | -16.28% | ₹164.72 (-4.84%) |
| Abhishek Integrations Ltd. | SME | ₹4.95 Cr | ₹50 | null | ₹38.00 | -24.00% | ₹37.90 (+4.99%) |
| G R Infraprojects Ltd. | Mainboard | ₹962.37 Cr | ₹837 | null | ₹1,747.10 | +108.73% | ₹891.75 (-1.16%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of secured Loans | 7.50 |
| 2 | Working capital requirement | 21.50 |
| 3 | General corporate purposes | 9.39 |
About Rachana Infrastructure IPO
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 Strength Leading 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. + Read More
Contact Details
Rachana Infrastructure Ltd. Address404, 405, 4th FloorAngel Complex, Nr.Income Tax Railway CrossingNr.Oassis Hotel, NavrangpuraAhmedabad, Gujarat, 380009079 - 26560327info@rachanainfra.comVisit Website