Rachana Infrastructure is a midsize private sector player in the business of construction of road projects on Bill of Quantities (BOQ) and EPC basis. In the very initial periods, the company got the contracts from the Government (Zilla Panchayat) at a very small scale. In addition, it got sub contracts from the infrastructure companies from Gujarat, Maharashtra and many other states. With time and experience, it started expanding business in the other states of the India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.
Some of its clients are Public Works Department of Madhya Pradesh, Road and Building Department of Gujarat State, Madhya Pradesh Road Development Corporation, Power Grid Corporation of India, Gujarat Minerals Development Corporation, Road Construction Department of Jharkhand, ONGC PetroAdditions Limited, Ahmedabad Municipal Corporation, and Ahmedabad Urban Development Corporation etc.
Over the years, it has acquired resources with vertical integration like it has own stone mines and stone crushers for basic excavation of stone aggregate which is the core and basic material for all road infrastructure construction. The business verticals of the company are
- Roads and Highways
- Bridges
- Mining
- Irrigation
- Pipelines
- Buildings
- Hydro Power project
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.
Company Promoters
Mr. Girishkumar Raval and Mrs. Bhaminiben Mehta are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in Lakhs) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 8,784.50 | 8,043.07 | 10,618.21 | 7,981.82 |
| Total Revenue | 4,171.07 | 10,705.67 | 15,840.55 | 11,393.32 |
| Profit After Tax | 139.85 | 455.31 | 597.13 | 466.45 |
Objects Of The Issue
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Repayment of Secured Loans.
2. Working capital requirement.
3. General Corporate Purpose.
4. Meeting Public Issue Expenses.
Rachana Infrastructure IPO Details
| Rachana Infrastructure IPO Open Date | 20 May 2022 |
| Rachana Infrastructure IPO Close Date | 02 June 2022 |
| Rachana Infrastructure IPO Face Value | ₹10 per share |
| Rachana Infrastructure IPO Price | ₹135 per share |
| Rachana Infrastructure IPO Lot Size | 1000 Shares |
| Issue Size | 5,650,000 shares of ₹10 (aggregating up to ₹77.97 Cr) |
| Fresh Issue | 2,825,000 shares of ₹10 (aggregating up to ₹38.99 Cr) |
| Offer for Sale | 2,825,000 shares of ₹10 (aggregating up to ₹38.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Rachana Infrastructure IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹135,000 |
| Maximum | 1 | 1000 | ₹135,000 |
Rachana Infrastructure IPO Promoter Holding
| Pre Issue Share Holding | 83.44% |
| Post Issue Share Holding |
Rachana Infrastructure IPO Prospectus
Company Contact Information
| Rachana Infrastructure Limited 404, 405, 4th Floor, Angel Complex, Nr. Income Tax Railway Crossing, Nr. Oassis Hotel, Navrangpura, Ahmedabad – 380009 Phone: 079 – 26560327 Email: info@rachanainfra.com Website: https://rachanainfra.com/ |
Rachana Infrastructure IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Rachana Infrastructure IPO FAQs
| When Rachana Infrastructure IPO will open? The Rachana Infrastructure IPO dates are 20 May 2022 To 02 June 2022 |
| What is the lot size of Rachana Infrastructure IPO ? Rachana Infrastructure IPO lot size and the minimum order quantity is 1000 Shares. |
| How to apply for Rachana Infrastructure IPO ? You can apply in Rachana Infrastructure IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Rachana Infrastructure IPO listing date? The Rachana Infrastructure IPO listing date is announced. The date of Rachana Infrastructure IPO listing is []. |
