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Open
12 Jan 2006
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Close
18 Jan 2006
3
Allotment
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Listing
Fri, Feb 3, 2006
Price Band
₹55 to ₹65
Issue Size
85,00,000 shares (agg. up to ₹55 Cr)
Listing Date
Fri, Feb 3, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.86x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jul 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 121.82 | 99.19 | 61.58 | 39.70 |
| Total Income | 60.24 | 154.97 | 112.81 | 106.45 |
| Profit After Tax | 3.62 | 5.14 | 3.28 | 2.09 |
| NET Worth | 28.97 | 25.36 | 21.26 | 16.56 |
| Reserves and Surplus | 20.56 | 16.94 | 12.76 | 10.14 |
| Total Borrowing | 75.89 | 55.46 | 33.75 | 21.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Nitin Spinners Ltd. | Mainboard | ₹49.00 Cr | ₹21 | 12.75 | ₹26.00 | +23.81% | ₹550.35 (+0.38%) |
| Ginni Filaments Ltd. | Mainboard | ₹57.78 Cr | ₹22 | 35.79 | ₹22.85 | +3.86% | ₹48.53 (+2.91%) |
| Bombay Rayon Fashions Ltd. | Mainboard | ₹94.36 Cr | ₹70 | null | ₹83.15 | +18.79% | (+0.00%) |
| Bannari Amman Spinning Mills Ltd. | Mainboard | ₹94.50 Cr | ₹135 | null | ₹132.30 | -2.00% | ₹26.71 (-1.11%) |
| Alps Industries Ltd. | Mainboard | ₹49.81 Cr | ₹120 | 5.71 | ₹105.60 | -12.00% | ₹3.43 (-1.99%) |
| Nandan Exim Ltd. | Mainboard | ₹12.00 Cr | ₹20 | null | ₹50.20 | +151.00% | ₹2.36 (-2.48%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Cost for Setting-up a Partially Oriented Yarn (POY) Manufacturing Unit | 0.72 |
| 2 | Public Issue Expenses | 0.04 |
| 3 | Working Capital Requirement (Excluding Margin for Working Capital Requirement) | 0.25 |
| Total | 1.02 |
About Raj Rayon FPO
Raj Rayon Industries specializes in the manufacture of Polyester Texturised Yarn (PTY) since its inception. Over the time, it has expanded its operations to include three texturising units with varying capacities: Unit I (1,200 TPA), Unit II (5,200 TPA) located at Village Amli, Silvassa, and Unit III (15,240 TPA) at Village Dadra. Its primary product, PTY, is widely used in the weaving of fabrics for applications such as suiting, shirting, dress materials, sarees, hosiery, knitted fabrics, zipper fasteners, curtains, industrial cloth, and high-value fancy yarns for upholstery and fashion textiles. The key raw material used in PTY production is Partially Oriented Yarn (POY).+ Read More
Contact Details
Raj Rayon Ltd. Address3A/205, Mittal Industrial EstateSakinaka, Andheri (East)Mumbai, Maharashtra, 40005991-22- 2850 8905rrlpublicissue@rajrayon.comVisit Website