Rachana Infrastructure IPO description – The company is a mid-size 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 Petro-Additions 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
Promoters of Rachana Infrastructure – Mr Girishkumar Raval and Mrs Bhaminiben Mehta
Rachana Infrastructure IPO Details
| Subscription Dates | 20 – 25 May 2022 |
| Price Band | INR138 per share |
| Fresh issue | 28,25,000 shares (INR38.99 crore) |
| Offer For Sale | 28,25,000 shares (INR38.99 crore) |
| Total IPO size | 56,50,000 shares (INR77.97 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Rachana Infrastructure Financial Performance
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| Revenue | 113.93 | 158.41 | 107.06 | 41.71 |
| Expenses | 107.75 | 150.19 | 101.74 | 39.99 |
| Net income | 4.66 | 5.97 | 4.55 | 1.40 |
Rachana Infrastructure Offer News
Rachana Infrastructure Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR2.89
Pre-IPO Price/Earnings (PE ratio): 47.75
Return on Net Worth (RONW): 11.63%
Net Asset Value (NAV): INR24.82 per share
Rachana Infrastructure IPO GMP Daily Trend
Rachana Infrastructure IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 28,25,000 | 28,25,000 | 56,50,000 |
| Day 1 | |||
| Day 2 | |||
| Day 3 | |||
| Day 4 |
Rachana Infrastructure Offer Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra
Phone: +91 22 6263 8200
Fax. No.: +91 22 6263 8280
Email: [email protected]
Website: www.bigshareonline.com
Rachana Infrastructure Limited
404, 405, 4th Floor, Angel Complex,
Nr. Income Tax Railway Crossing,
Nr. Oassis Hotel, Navrangpura,
Ahmedabad – 380009
Phone: 079 – 26560327
Email: [email protected]
Website: www.rachanainfra.com
Rachana Infrastructure IPO Allotment Status
Rachana Infrastructure IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
| IPO Opening Date | 20 May 2022 |
| IPO Closing Date | 25 May 2022 |
| Finalisation of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Listing Date | Coming soon |
| Opening Price on NSE Emerge | Coming soon |
| Closing Price on NSE Emerge | Coming soon |
Rachana Infrastructure IPO FAQs
What is Rachana Infrastructure offer size?
Rachana Infrastructure offer size is coming on 20 April 2022.
What is Rachana Infrastructure IPO Price Band?
Rachana Infrastructure public offer price is INR138 per share.
What is the lot size of Rachana Infrastructure IPO?
Rachana Infrastructure offer lot size is 1,000 shares.
What is Rachana Infrastructure IPO GMP today?
Rachana Infrastructure IPO GMP today is NA per share.
What is Rachana Infrastructure kostak rate today?
Rachana Infrastructure kostak rate today is NA per application.
What is Rachana Infrastructure Subject to Sauda rate today?
Rachana Infrastructure Subject to Sauda rate today is NA per application.
