The IPO of Thane based Rajshree Polypack Limited opens for subscription on September 10, 2018. The Offer consists of a fresh issue of upto 29,60,000 equity shares of face value of Rs. 10 fully paid up for cash at a price band of Rs. 119 – Rs. 121 aggregating to Rs. 3,522.40 lakhs to Rs. 3,581.60 lakhs. The equity shares will be listed on the Emerge Platform of National Stock Exchange of India Limited. The Book Running Lead Manager to the Issue is PL Capital Markets Private Limited. The earliest closing date of the IPO will be September 12, 2018.
Offered at the Price to Earning (PE) ratio of 10.37 (based on the cap price of the price band and the EPS as of March 31, 2018), the Bids for shares can be made for a minimum of 1,000 equity shares and in multiples of 1,000 equity shares. 49.96% of the IPO size is reserved for Qualified Institutional Buyers (QIBs) and not less than 15% IPO size is reserved for Non-Institutional Investors (NIIs) and not less than 35% IPO size is reserved for Retail Individual Investors (RIIs).
After setting up three Factory Units in Daman, with an annual capacity of over 10,000 MT and more than 100 products, Rajshree Polypack is launching its IPO with the principle objective of financing the setting up of its fourth Factory Unit at Daman.
The strategies of the Company include: focusing on operational efficiencies to improve returns, continually co-develop products with their key customers, focus on products and material that have a higher margin and expand their customer base to US and UK; and further increase their footprint in the Middle East
Rajshree Polypack has clocked a CAGR growth of 19.97% in its revenue from operations and a CAGR growth 134.66% in Net Profits in the last four years.
The Company has shown consistent growth in revenue and product mix. For fiscals 2018, 2017, 2016 and 2015, the revenue from operations was Rs. 11,197.69 lakhs, Rs. 9,533.36 lakhs, Rs. 9,517.77 lakhs and Rs. 6,484.37 lakhs, respectively, representing a CAGR of 19.97% for the last four (4) fiscals. For Fiscals 2018, 2017, 2016 and 2015, the net profit was Rs. 931.09 lakhs, Rs. 886.85 lakhs, Rs. 783.24 lakhs and Rs. 72.06 lakhs, respectively, representing a CAGR of 134.66% for the last four fiscals. For fiscals 2018, 2017, 2016 and 2015, our EBITDA was Rs. 2,073.19 lakhs, Rs. 2,155.08 lakhs, Rs. 2,031.11 lakhs and Rs. 880.21 lakhs, respectively, representing a CAGR of 33.05% during the last four fiscals.