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IPO Details


Raw Edge Industrial Solutions Ltd
Registered Office: A-9 B-1/04-05 Grd Flr B-Wing, Bommerang Andheri East, Mumbai - 400072, Maharashtra
Phone: 91-9724326805
Email: info@rawedge.in
Website: www.rawedge.in
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.
Issue Money Payable On
Opens On Closes On Application Allotment
05-Jul-2018 10-Jul-2018 72.00 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
()Cr. Lead Managers to the Issue
Project Cost 15.65 Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer 16.50
Post Issue Equity Share Capital 8.38
Issue Price 72.00
Projects
Expansion by setting up manufacturing unit
Working capital margin
General corporate purpose
Promoted By
Bimal Bansal
Sourabh Bansal
Siddharth Bansal
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

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