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Open
13 Sep 2006
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Close
19 Sep 2006
3
Allotment
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Listing
Thu, Oct 12, 2006
Price Band
₹30 per share
Issue Size
90,00,000 shares (agg. up to ₹27 Cr)
Listing Date
Thu, Oct 12, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.67x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 47.17 | 25.92 | 15.44 |
| Total Income | 45.46 | 26.28 | 16.00 |
| Profit After Tax | 4.13 | 0.88 | 0.70 |
| NET Worth | 16.99 | 8.62 | 4.78 |
| Reserves and Surplus | 9.80 | 5.81 | 3.31 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Atlanta Ltd. | Mainboard | ₹64.50 Cr | ₹150 | null | ₹192.30 | +28.20% | ₹37.42 (-2.03%) |
| Unity Infraprojects Ltd. | Mainboard | ₹232.40 Cr | ₹675 | null | ₹470.90 | -30.24% | (+0.00%) |
| Patel Engineering Ltd. | Mainboard | ₹425.00 Cr | ₹440 | null | ₹419.60 | -4.64% | ₹29.59 (-2.28%) |
| D.S.Kulkarni Developers Ltd. | Mainboard | ₹151.28 Cr | ₹275 | 82.88 | ₹328.45 | +19.44% | (+0.00%) |
| Tantia Constructions Ltd. | Mainboard | ₹47.77 Cr | ₹5000 | 11.54 | ₹220.00 | -95.60% | ₹10.28 (-4.96%) |
| B.L.Kashyap & Sons Ltd. | Mainboard | ₹200.02 Cr | ₹685 | 41.38 | ₹973.30 | +42.09% | ₹57.92 (-2.14%) |
| Sadbhav Engineering Ltd. | Mainboard | ₹53.65 Cr | ₹185 | 20.03 | ₹320.65 | +73.32% | ₹7.93 (-2.20%) |
| GVK Power & Infrastructure Ltd. | Mainboard | ₹256.54 Cr | ₹310 | null | ₹315.85 | +1.89% | ₹2.51 (+0.80%) |
| Punj Lloyd Ltd. | Mainboard | ₹642.11 Cr | ₹700 | 30.67 | ₹1,057.80 | +51.11% | (+0.00%) |
| PBA Infrastructure Ltd. | Mainboard | ₹30.01 Cr | ₹60 | null | ₹68.45 | +14.08% | ₹12.50 (-1.81%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | New Projects - Setting up of new projects including processing & dyeing (3960 TPA) at Tapukara, Alwar (Rajasthan), knitting (480 TPA) at Manesar (Gurgaon), and garmenting (18 Lakh pcs p.a.) at new unit in Gurgaon | 56.98 |
| 2 | Margin money for working capital | 3.73 |
| Total | 60.72 |
About Richa Knits IPO
Richa Knits Ltd., a leading manufacturer of knitted fabrics and readymade garments, is entering the capital market with an offer of 90,00,000 equity shares of Rs.10 each for cash at a premium of Rs.20 per equity share aggregating to Rs.27 cr. to part finance the expansion in all the existing segments of Knitting, Dyeing & Processing and Garment manufacturing. The Rs.63 cr. expansion project is appraised by Indian Overseas Bank (IOB) and funded by way of a Term Loan of Rs.33 cr. the issue opens on Wednesday, 13th September and closes on Tuesday, 19th September'06.Richa Knits is a Rs.45 cr. multi-divisional, integrated textile company with facilities for knitting of fabric, dyeing & processing of knitted fabrics and manufacture of garments for the domestic and export markets. The company has a 'state- of-the-art' laboratory facility for developing shades, fastness of colour, fabric quality and adopts stringent quality checks at each step pf manufacturing process.+ Read More
Contact Details
Richa Knits Ltd. AddressRicha Knits LimitedPlot no.5, Sector 7IMT ManesarGurugram, Haryana, 122050+91-124-2290703richa@richaknits.comVisit Website