RDB Rasayans IPO opens today

September 21, 2011   ·   0 Comments

The initial public offering of RDB Rasayans , a packaging material manufacturer, has opened for subscription today. The company offers 45 lakh equity shares through the issue.

www.stockssavvy.comIssue Detail:

Issue Open: Sep 21, 2011 – Sep 23, 2011
Issue Type: 100% Book Built Issue IPO
Issue Size: 4,500,000 Equity Shares of Rs. 10
Issue Size: Rs. 32.40 – 35.55 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 72 – Rs. 79 Per Equity Share
Market Lot: 80 Shares
Minimum Order Quantity: 80 Shares
Listing At: BSE, NSE

RDB is engaged in the business of manufacturing and selling of FIBC (jumbo bags) and woven sacks and various woven polymer based products like container liners, protective irrigation system, canal liners, etc. These products use fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc. Its manufacturing facility is located in West Bengal.

Issue proceeds are proposed to be used for enhancing the manufacturing capacity by 7450 MTPA by establishing the Unit -II for Jumbo Bag Liners. Chartered Capital and Investment Ltd is the book running lead manager to the issue.

Brickwork has assigned an IPO Grade 2 to . This means as per Brickwork, company has ‘ Below Average Fundamentals

Here are some few IPO’s/FPO’s lined in the next fortnight:

After postponement ONGC may enter in the market on October 5

Tijaria Polypipes Ltd IPO Opens on 27th Sep. & Closes on 29th Sep. 2011

Takshell Solutions IPO Opens on 29th Sep. & Closes on 4th Oct. 2011

Flexituff International IPO Opens on 29th Sep. & Closes on 5th Oct. 2011

www.stockssavvy.comGrey Market Premium for 21 September, 2011

Company Name Offer Price Premium
Vaswani Ind. 49 Discount
SRS Ltd. 58 2 to 3
P. G. Electroplast 190 to 210 3 to 3.50
Prakash Constrowell 130 to 138 3 to 5
RDB Rasayan 72 to 79
Tijaria Polypiles 60
Takshell Solutions

Prakash Constrowell IPO Subscription

No of SharesOffered / Reserved 19-9-2011 20-9-2011
QIB 2307692 Shares 0.31 0.31
HNI 692308 Shares 0.52 0.52
Retail 1615385 Shares 0.56 1.40
Average Total : 4615385 Shares 0.43 0.73

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Rajesh Singla

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