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Rachana Infrastructure IPO Details

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Rachana Infrastructure IPO subscription is to open on 20 May 2022 and will close on 25 May 2022, the price band of the Rachana Infrastructure IPO is fixed at ₹ 138. Rachana Infrastructure is a mid-size private sector company engaged in the business of Construction of Road projects on a Bill of Quantities (BOQ) and EPC basis. Check the Rachana Infrastructure Subscription Status & Allotment Status.

About Rachana Infrastructure

Rachana Infrastructure offers infrastructure and civil construction work. Rachana Infrastructure is a mid-size private sector company engaged in the business of Construction of Road projects on a Bill of Quantities (BOQ) and EPC basis. In the very initial periods, the Company got the contracts from the Government (Zilla Panchayat) on a very small scale. In addition, Rachana Infrastructure got subcontracts from the infrastructure Companies from Gujarat, Maharashtra, and many other states. Over a period of time, Company got expertise in the traditional construction of Buildings, Road Construction, Irrigation, Hydropower projects, and Mining. With time and experience, the company started expanding its business in the other states of India like Maharashtra, Madhya Pradesh, Jharkhand, and Rajasthan.

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Important Details – Rachana Infrastructure

June 29, 2001 – The company was originally incorporated as “Rachana Infrastructure Limited‟ as Public Limited Company

Objects of the Issue

  • Repayment of Secured Loans
  • Working capital requirement
  • General Corporate Purpose,
  • Meeting Public Issue Expenses.
Rachana Infrastructure IPO

Rachana Infrastructure Limited Financials:

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Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  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 income 4,171.07 10,705.67 15,840.55 11,393.32
Total Expenses 3,998.76 10,173.84 15,018.53 10,774.96
Profit After Tax 139.85 455.31 597.13 466.45

Rachana Infrastructure IPO Price – Details

DescriptionRachana IPO Details
Public IssueInitial Public Issue of upto 56,50,000 Equity Shares of ₹ 10 (aggregating up to ₹ 7797 lakhs) comprising a fresh issue of 28,25,000 Equity Shares (aggregating up to ₹ 3898 lakhs)
Issue Open  Date20-May-22
Issue Close Date25-May-22
Issue TypeFixed Price
IPO Price Band₹ 138
Face Value ₹ 10
Market Lot 1000 Equity Shares and in multiples thereof
Minimum Order Quantity 1000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolRILINFRA
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Rachana IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum11000₹ 1,38,000
Maximum11000₹ 1,38,000

Rachana IPO Lead Managers

  • Interactive Financials Services Limited

Rachana IPO Registrar

Rachana IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on20-May-22
Bid / Offer Closes on25-May-22
Finalisation of Basis of Allotment 
Initiation of refunds  
Credit of the Equity Shares 
Listing Date 

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(₹ in
million)
NAV, as on
March 31, 2021
(₹ per share)
Rachna Infrastructure Limited102.8910,705.6724.82
HEC Infra Projects Limited101.533,826.78142.24
Akash Infra projects Limited100.656,705.6845.77

Company Registered Office

404, 405, 4th Floor,
Angel Complex,
Nr. Income Tax Railway Crossing,
Nr. Oassis Hotel,
Navrangpura,
Ahmedabad – 380009,
Gujarat.
Website: www.rachanainfra.com

Company Promoters

  • Mr. Girishkumar Raval
  • Mrs. Bhaminiben Mehta

Rachana IPO – FAQS

What is the Rachana IPO Price?

The Rachana IPO price band is 138 per share

When Rachana IPO will open?

The Rachana IPO opens on May 20, 2022, and closes on May 25, 2022

What is the lot size of Rachana Infrastructure IPO?

The Rachana Infrastructure IPO lot size is 1000 Equity Shares and the minimum order quantity is 1000 Equity Shares

Who is the Registrar for Rachana Infrastructure IPO?

The Registrar for Rachana Infrastructure IPO is Bigshare Services Private Limited

How to apply for Rachana Infrastructure IPO through UPI?

Check the step by step process here – Click here

How to apply for Rachana Infrastructure IPO through Zerodha?

Check the step by step process here – Click here

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