Rachana Infrastructure IPO GMP, Review, Price, Allotment

Rachana Infrastructure IPO GMP

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 Dates20 May – 2 June 2022
Price BandINR138 per share
Fresh issue28,25,000 shares (INR38.99 crore)
Offer For Sale 28,25,000 shares (INR38.99 crore)
Total IPO size56,50,000 shares (INR77.97 crore)
Minimum bid (lot size)1,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge

Rachana Infrastructure Financial Performance

 FY2019FY2020FY20219M FY2022
Net income4.665.974.551.40
Figures in INR Crores unless specified otherwise

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

DateRachana Infrastructure IPO GMPKostakSubject to Sauda

Rachana Infrastructure IPO Subscription – Live Updates

Shares Offered28,25,00028,25,00056,50,000
Day 70.360.320.34
Day 80.450.340.40
Day 90.600.410.51
Day 101.730.571.15
Subscription figures in number of times, at 5 PM

Rachana Infrastructure Offer Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Phone: +91 22 6263 8200
Fax. No.: +91 22 6263 8280
Email: [email protected]
Website: www.bigshareonline.com

Rachana Infrastructure IPO Contact Details

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 is now available on Bigshare Services’ website. Click on this link to get allotment status.

Rachana Infrastructure IPO Timetable

IPO Opening Date20 May 2022
IPO Closing Date2 June 2022
Opening Price on NSE EmergeINR138 per share (up 2.22% from IPO price)
Closing Price on NSE EmergeINR138.1 per share (up 2.3% from IPO price)

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.


Please enter your comment!
Please enter your name here