IPO Issue Details
Issue Price / Price Band₹95 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size12,61,200 shares (aggregating up to ₹11.98 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 25 Jun 2018
Subscription CloseFri, 29 Jun 2018
Anchor AllotmentSun, 24 Jun 2018
Basis of AllotmentThu, 05 Jul 2018
Initiation of RefundsFri, 06 Jul 2018
Credit of Shares to DematFri, 06 Jul 2018
Listing DateMon, 09 Jul 2018
UPI Mandate Deadline2018-06-29
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 1,200 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 2,400 shares
Net Offer to Public11,97,600 shares (aggregating up to ₹11.38 Cr)
Reserved for Market Maker63,600 shares (aggregating up to ₹0.6042 Cr)
Pre-IPO Promoter Holding34,12,500 shares
Post-IPO Promoter Holding46,73,700 shares
About Rajnish Wellness Ltd.
Incorporated in 2015, Mumbai based Rajnish Wellness Limited is a company 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, energyrevitalization and personal care products.The Company has a product portfolio that covers major products including ayurvedic medicines, personal care products, sexual wellness, and energy revitalization items etc. It sells its personal care products under the brand name. "PlayWin Capsules", "PlayWin Condom", "Rajnish Lotion", "Rajnish Plus Lotion", "Play Win Spray", "PlayWin Plus Capsules", "PlaWin Oil", , "PlayWin F Capsule", "Kasaav Powder", "SudantaDantManjan", "Mithohar Liquid", "Mithohar Tablets", "Madamrit Hair Shampoo", "Madamrit Hair Oil", "Madamrit Hair Capsule" and Pia Lo Herb's.Rajnish wellness has very strong hold in Maharashtra, Uttar Pradesh, Karnataka, Bihar, Odisha, Delhi, Jharkhand, Madhya Pradesh, Uttarakhand, Haryana and West Bengal. Its products are available in all major medical stores in these states.As of February 28, 2018, the company had 18 permanent employees and 78 contract employees.
Objects of the Issue
Rajnish Wellness Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding of working capital requirements of the Company
6.36
2
2 Branding and Advertisement expenses
2.40
3
3 General Corporate Expenses
2.03
Shareholding & Lock-in
Pre-IPO Promoter Holding
34,12,500 shares
Post-IPO Promoter Holding
46,73,700 shares