Rachana Infrastructure IPO GMP, Review, Price, Allotment

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

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Rachana Infrastructure IPO Details

Subscription Dates	20 May – 2 June 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

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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

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Rachana Infrastructure Offer News

• Rachana Infrastructure RHP
• Rachana Infrastructure Draft Prospectus

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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

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Rachana Infrastructure IPO GMP Daily Trend

Date	Rachana Infrastructure IPO GMP	Kostak	Subject to Sauda

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Rachana Infrastructure IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	28,25,000	28,25,000	56,50,000
Day 1	0.00	0.12	0.06
Day 2	0.04	0.21	0.13
Day 3	0.04	0.22	0.13
Day 4	0.08	0.25	0.17
Day 5	0.08	0.27	0.18
Day 6	0.25	0.29	0.27
Day 7	0.36	0.32	0.34
Day 8	0.45	0.34	0.40
Day 9	0.60	0.41	0.51
Day 10	1.73	0.57	1.15

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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

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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

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Rachana Infrastructure IPO Allotment Status

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

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Rachana Infrastructure IPO Timetable

IPO Opening Date	20 May 2022
IPO Closing Date	2 June 2022
Opening Price on NSE Emerge	INR138 per share (up 2.22% from IPO price)
Closing Price on NSE Emerge	INR138.1 per share (up 2.3% from IPO price)

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Rachana Infrastructure IPO FAQs