Rachana Infrastructure Limited offers infrastructure and civil construction services. Rachana Infrastructure is a mid-size private sector company engaged in the business of construction of roads and highways, irrigation, hydropower project and mining and pipeline construction. Rachana Infrastructure Limited is expanding business in the other states of India like Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.

The roads project that the company has executed are MPRDC- ADB Loan IV, OPAL Petrochemical Refinery Road work at Dajeh SEZ, C.C Road Construction for MP PWD and Vadodara-Mumbai 6 Lane Highway.

Rachana Infrastructure Limited has an in-house integrated system and machinery for all stages of mining, right from Mining/Extraction of raw material from the mine up to Crushing and Finished Production of Black Trap Stone Aggregate.

Competitive Strength

  • Leading Road-focused BOQ and EPC Contractor.
  • Management and an integrated in-house project team with strong execution capabilities and extensive industry experience.
  • Visible growth through a robust order book.

Company Financials:

Particulars For the year/period ended (₹ in Lakhs)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 8,784.50 8,043.07 10,618.21 7,981.82
Total Revenue 4,171.07 10,705.67 15,840.55 11,393.32
Profit After Tax 139.85 455.31 597.13 466.45

Objects of the Issue:

The company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Repayment of Secured Loans.

2. Working capital requirement.

3. General Corporate Purpose.

4. Meeting Public Issue Expenses.

Rachana Infrastructure IPO Details

Rachana Infrastructure IPO Date May 20, 2022 to Jun 2, 2022
Rachana Infrastructure IPO Face Value ₹10 per share
Rachana Infrastructure IPO Price ₹135 per share
Rachana Infrastructure IPO Lot Size 1000 Shares
Issue Size 5,650,000 shares of ₹10
(aggregating up to ₹76.28 Cr)
Fresh Issue 2,825,000 shares of ₹10
(aggregating up to ₹38.14 Cr)
Offer for Sale 2,825,000 shares of ₹10
(aggregating up to ₹38.99 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer
Company Promoters Mr. Girishkumar Raval and Mrs. Bhaminiben Mehta are the company promoters.

Rachana Infrastructure IPO Lot Size

The Rachana Infrastructure IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹135,000).

Application Lots Shares Amount
Minimum 1 1000 ₹135,000
Maximum 1 1000 ₹135,000

Rachana Infrastructure IPO Promoter Holding

Pre Issue Share Holding 83.44%
Post Issue Share Holding  

Rachana Infrastructure IPO Review

RIL is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on its latest financial performance, the issue is exorbitantly priced. There is no harm in skipping this pricy bet. Read detail review…

Rachana Infrastructure IPO Recommendation by Members

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Rachana Infrastructure IPO Subscription Status (Bidding Detail)

The Rachana Infrastructure IPO is subscribed 0.36 times on May 30, 2022 5:00:00 PM. The public issue subscribed 0.34 times in the retail category, times in the QIB category, and 0.37 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription

Category Subscription (times)
NII 0.37
Retail 0.34
Total 0.36

Rachana Infrastructure IPO Prospectus

Company Contact Information

Rachana Infrastructure Limited
404, 405, 4th Floor,
Angel Complex, Nr. Income Tax Railway Crossing,
Nr. Oassis Hotel, Navrangpura, Ahmedabad – 380009
Phone: 079 – 26560327
Email: info@rachanainfra.com
Website: https://rachanainfra.com/

Rachana Infrastructure IPO Registrar

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Email: ipo@bigshareonline.com
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