Upcoming IPO Raw Edge Industrial Solutions IPO and IPO allotment Status

Upcoming IPO Raw Edge Industrial Solutions IPO and IPO allotment Status

In the list of upcoming IPO Raw Edge Industrial Solutions Limited is planning to launch IPO (initial Public offering). The size of the upcoming IPO i.e Raw Edge Industrial Solutions IPO is of Rs 16.50 crore. Raw Edge Industrial Solutions IPO is of Fixed Price issue IPO. Upcoming IPO i.e. Raw Edge Industrial Solutions IPO will open on 5 July, 2018 and Close on 10 July, 2018. Raw Edge Industrial Solutions Limited engaged in the business of providing industrial minerals to manufacturing industries at competitive prices.

Upcoming IPO Raw Edge Industrial Solutions IPO and IPO allotment Status:

  1. Company Profile of Raw Edge Industrial Solutions Limited:

  • Raw Edge Industrial Solutions Limited was established on 14 February, 2005 as Private Limited Company, Under the Provision of Companies Act, 1956.At the time of incorporation the name of the company was “Shree Saishraddha Industries Private Limited”.
  • Later on the company was shifted from Gujarat to Maharashtra on 5 July, 2013 and again registered under the Provision of Companies Act, 1956, Maharashtra.At this time of the name of the company was changed to “Raw Edge Industrial Solutions Private Limited.”.
  • On 1 March, 2018 the company was converted into Public Limited from Private limited company .As a result the name of the company was also changed to ““Raw Edge Industrial Solutions Limited “.
  • Raw Edge Industrial Solutions Limited engaged in the business of providing industrial minerals to manufacturing industries at competitive prices.
  • Raw Edge Industrial Solutions Limited is presently having 33 permanent employees.
  • Raw Edge Industrial Solutions Limited is delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses. It is one of the leading Manufacturers and Suppliers of a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, Imported Coal, etc.
  • In February 2018, the company has entered into an agreement for sale for acquiring agriculture land of `50.21 Lakhs at Surat for setting up a manufacturing unit of crushed Quick Lime and Hydrated Lime with an installed capacity of 1,20,000 MT/per annum located. In addition to its existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at the aforesaid new premises will be making the total installed capacity of 1,80,000 ton/per annum.
  • Though the customers of Raw Edge are spread over 10 states, the major supply of its products are concentrated in the state of Gujarat and Rajasthan (contributing 91.37 % of total turnover).
  1. Objective of Raw Edge Industrial Solutions IPO:

The present Public Issue of 22, 91,200 Equity Shares includes a Fresh Issue of 16, 81,200 Equity shares and an offer for sale of 6, 10,000 equity shares by the Selling Shareholder at an issue price of ` 72 per Equity Share. The Offer for Sale Our Company will not receive any proceeds from the Offer for Sale of 6, 10,000 equity shares.

The objective of the Issue Raw Edge Industrial Solutions IPO:

  • Expansion by setting up Manufacturing Unit
  • Working Capital Margin
  • General Corporate Purpose
  • Meeting Public Issue Expenses.
  • Get the benefit of listing at BSE. This will enhance the visibility of brand.
  1. Issue Details of Raw Edge Industrial Solutions IPO:

  • Issue Open: Jul 5, 2018
  • Issue Close: Jul 10, 2018
  • Issue Type: Fixed Price Issue IPO
  • Issue Size:2,291,200 Equity Shares of Rs 10 aggregating up to Rs 16.50 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 72 Per Equity Share
  • Market Lot: 1600 Shares
  • Minimum Order Quantity: 1600 Shares
  • Listing At: BSE SME
  1. Consolidated Financial Summary of the company:

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Jan-1831-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets2,912.262,718.572,305.111,488.561,377.22774.00
Total Revenue4,498.744,860.734,133.553,826.823,349.576,662.21
Profit After Tax133.4061.6358.0544.7170.4181.50
  1. Raw Edge Industrial Solutions IPO prospectus:

DRHP

  1. Utilization of Fund:

Sr.no.ParticularsAmount Deployed(Rs in lac)
1.Advance for Land46.60
2.Public Issue Expenses7.70
Total54.37
  1. Promoters of the Company:

There are three promoters of the company. They are

  • Bimal Rajkumar Bansal
  • Sourabh Bimal Bansal
  • Siddharth Bimal Bansal
  1. Registered Address of the Company:

Shop No. 47, Ground Floor, Citi Mall,

New Link Road, Andheri (W), Mumbai -400053

  1. Official Website of the Company:

http://rawedge.in/

  1. Edge Industrial Solutions IPO Allotment Status:

To check click at IPO Allotment Status

  1. Lead manager of Issue:

GUINESS CORPORATE ADVISORS PRIVATE LIMITED

18 Deshapriya Park Road, Kolkata – 700 026,

West Bengal, India

 Tel: +91 – 33 – 3001 5555; Fax: +91 – 33 – 3001 5531

Email:gcapl@guinessgroup.net

Investor Grievance Email: gcapl.mbd@guinessgroup.net

Website:www.guinessonline.net

 Contact Person: Mr. Devendra Shah SEBI Registration No.: INM 000011930

  1. Registrar to the Raw Edge Industrial Solutions IPO:

BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building,

Opp. Vasant Oasis, Makwana Road,

 Marol, Andheri (East), Mumbai-400059

 Tel No: +91-022-62638200 Fax No: +91-022-62638299

SEBI Registration No: INR00001385

 Email Id: ipo@bigshareonline.com

Website:bigshareonline.com

Contact Person: Mr. Nilesh Chalk

Visit Sharpcareerfinancialupates to get latest updates on Upcoming IPO 2018.

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