Raw Edge Industrial Solutions Ltd IPO

Closed

IPO Details

  • Open Date 05-Jul-18
  • Close Date 10-Jul-18
  • Lot Size 1600
  • IPO Size ₹ 16.5 Cr
  • IPO Price Range ₹ 72
  • Min Investment ₹ 115200
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

IPO Synopsis

Initial public offer of 22,91,200 equity shares of face value of Rs. 10 each (equity shares) of Raw Edge Industrial Solutions Limited (Company or Issuer) for cash at a price of Rs. 72 per equity share (including a share premium of Rs. 62 per equity share) (Issue Price) aggregating to Rs. 16.50 crores (Issue) consisting of a fresh issue of 16,81,200 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 72 per equity share aggregating to Rs. 12.10 crores (Issue) and an offer for sale of 6,10,000 equity shares aggregating to Rs. 4.39 crores (the offer for sale), comprising of 2,00,000 equity shares by Mr. Bimal Bansal, 2,00,000 equity shares by Mrs. Shweta Bansal and 2,10,000 equity shares by Mrs. Bala Bansal (Collectively referred as selling shareholders and promoters and promoter group) of which 1,15,200 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 72 per equity share, aggregating to Rs. 0.83 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 21,76,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 72 per equity share aggregating to Rs. 15.67 crores (the net issue). The issue and the net issue will constitute 27.33% and 25.96%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the issue price is Rs. 72 each. The Issue Price is 7.2 times of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Raw Edge Industrial Solutions Ltd IPO

Contact Information

A-9 B-1/04-05 Grd Flr B-Wing,
Bommerang Andheri East,
Mumbai, Maharashtra 400072

Raw Edge Industrial Solutions Ltd IPO Lead Manager

Guiness Corporate Advisors Pvt Ltd

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