Business description – Rajnish Wellness is engaged in the business of selling various products in the categories ranging from consumer durables to ayurvedic personal care products. The company’s major focus area is sexual wellness, energy revitalization and personal care products. Its current product portfolio is concentrated on ayuvedic products. The company is exploring ethical market in sexual wellness and energy revitalization category. Recently, the company newly launched Play win spray in this category.
Rajnish wellness has very strong hold in Maharasthra, Uttar Pardesh, Karnataka, Bihar, Odisha, Delhi, Jharkhand, Madhya Pradesh, Uttarakhand, Haryana and West Bengal. Its products are available in all major medical stores in these states. The company runs on asset light model and owns all the brands unders its name. Rajnish is sourcing all its products from dedicated manufactrurers since inception. It has outsourced all its manufacturing needs to various suppliers.
Promoters of Rajnish Wellness – Rajnishkumar Surendraprasad Singh
| Rajnish Wellness IPO details | |
| Subscription Dates | 25 – 29 June 2018 |
| IPO Price band | INR95 per share |
| Fresh issue | 1,261,200 shares (INR11.98 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,261,200 shares (INR11.98 crore) |
| Minimum bid (lot size) | 1,200 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working capital requirements – INR6.36 crore
- Branding and advertisement expenses – INR2.40 crore
- General corporate purposes – INR2.02 crore
- Issue expenses – INR1.20 crore
| Rajnish Wellness’ financial performance (in INR lakh) | ||||||
| FY2016 | FY2017 | 11M FY2018 | ||||
| Total revenue | 1,315.9 | 2,529.6 | 2,423.2 | |||
| Total expenses | 1,268.3 | 2,434.7 | 2,161.6 | |||
| Profit after tax | 32.3 | 63.9 | 161.9 | |||
Rajnish Wellness’ Contact Details
Rajnish Wellness Limited
610L, 6th Floor, Building No. 3
Navjivan Commercial Premises
Lamington Road, Mumbai – 400 008
Phone: +91 022 2306 5555
Email: [email protected]
Website: www.rajnishwellness.com
Rajnish Wellness IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.04 |
| Day 2 | 0.13 |
| Day 3 | 0.24 |
| Day 4 | 0.25 |
| Day 5 | 1.07 |
Â
Rajnish Wellness Valuation (For FY2017, not annualized)
Earnings Per Share (EPS): INR6.39
Price/Earnings (P/E) ratio: 14.87
Return on Net Worth (RONW): 63.10%
Net Asset Value (NAV): INR10.12 per share
Registrar of Rajnish Wellness IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Rajnish Wellness IPO Allotment Status
Rajnish Wellness IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Rajnish Wellness
IPO Opening Date: 25 June 2018
IPO Closing Date: 29 June 2018
Listing Date: 9 July 2018
Listing Price on BSE SME: INR100 per share (up 5.26% from IPO price)
Closing Price on BSE SME: INR100 per share (up 5.26% from IPO price)
