IPO Issue Details
Issue Price / Price Band₹72 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size22,91,200 shares (aggregating up to ₹16.50 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 05 Jul 2018
Subscription CloseTue, 10 Jul 2018
Anchor AllotmentWed, 04 Jul 2018
Basis of AllotmentMon, 16 Jul 2018
Initiation of RefundsTue, 17 Jul 2018
Credit of Shares to DematTue, 17 Jul 2018
Listing DateWed, 18 Jul 2018
UPI Mandate Deadline2018-07-10
Application & Investment Details
Retail — Min (1 Lots)₹1,15,200 — 1,600 shares
Retail — Max (13 Lots)₹1,497,600 (13 Lots)
HNI — Min (2 Lots)₹2,30,400 — 3,200 shares
Net Offer to Public21,76,000 shares (aggregating up to ₹15.67 Cr)
Reserved for Market Maker1,15,200 shares (aggregating up to ₹0.8294 Cr)
Pre-IPO Promoter Holding67,00,800 shares
Post-IPO Promoter Holding83,82,000 shares
Fresh Issue Shares15,66,000 shares (aggregating up to ₹11.28 Cr)
Offer for Sale Shares6,10,000 shares of ₹10 (aggregating up to ₹4.39 Cr)
About Raw Edge Industrial Solutions Ltd.
Incorporated in 2005, Mumbai based Raw Edge Industrial Solutions Limited is a company engaged in the business of providing industrial minerals to manufacturing industries at competitive prices. The company is delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses. It is one of the leading Manufacturers and Suppliers of a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, Imported Coal, etc.In February 2018, the company has entered into an agreement for sale for acquiring agriculture land of `50.21Lakhs at Surat for setting up a manufacturing unit of crushed Quick Lime and Hydrated Lime with an installed capacity of 1,20,000 MT/per annum located. In addition to its existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at the aforesaid new premises will be making the total installed capacity of 1,80,000 ton/per annum.Though the customers of Raw Edge are spread over 10 states, the major supply of its products are concentrated in the state of Gujarat and Rajasthan (contributing 91.37 % of total turnover).The company has 33 permanent employees on its payroll.
Objects of the Issue
Raw Edge Industrial Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Land and Land Development Cost
1.30
4
4 Margin money for Working Capital
1.00
5
5 General Corporate Purpose
2.89
Shareholding & Lock-in
Pre-IPO Promoter Holding
67,00,800 shares
Post-IPO Promoter Holding
83,82,000 shares