About the Company:
Rajeshwari Cans is engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material.
Company supplies the tin containers to customers engaged in the business of tobacco manufacturing and paint manufacturing. Company also performs printing work on tin sheets supplied by the customers.
Currently company supplies majority of its product to a tobacco manufacturing company.
Company’s promoters are involved in the business of trading of iron and steel, tin plate and scrap for more than three decades.
Expanding product range and total production capacity.
At present company is manufacturing the printed round tin containers of different capacity ranging from 50 gm to 500 gm for single customer to be used for packing tobacco.
For Expansion, the Company purchased the premises at Shree Ganesh Industrial Estate for manufacturing printed round tin containers of 50 gm which is used by snuff manufacturers.
The Company is enhancing product range as well as client base so the dependency on single customer for sale can be avoided.
Capacity and Capacity Utilization:
- Mr. Bharatkumar Vora (Designation: Managing Director)
- Mr. Harshadkumar Vora (Designation: Whole Time Director)
Objectives of the Issue:
- Meeting incremental working capital requirements.
- General corporate purposes
Financials of the Company:
|(in Crores)||FY 18||FY 19||FY 20|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Tinplate Company Ltd||10||9.08||14.49||12.49%||72.68|
|Hindustan Tin Works Ltd||10||7.22||6.03||5.05%||144.95|
|Kaira Can Company Ltd||10||48.85||25.39||7.26%||672.89|
|Issue Opens on||31st March 2021|
|Issue Closes on:.||6th April 2021|
|Minimum Lot||3000 Shares|
|Issue Size||Rs.8 cr|
|Market Cap||Rs.20.93 cr|
|Listing at||BSE SME|
|Equity Shares Offered (Fresh)||20,04,000|
|Equity Shares Prior to the Issue||32,30,000|
|Equity Shares after the issue||52,34,000|
Also Read : List of Upcoming IPO’s in India.
|Finalization of Basis of Allotment||on or Before 9th April 2021|
|Initiation of Refunds||on or Before 12th April 2021|
|Credit of Equity Shares:||on or Before 13th April 2021|
|Listing Date:||on or Before 15th April 2021|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Company Contact Info:|
|RAJESHWARI CANS LIMITED
96, Mahagujarat, Industrial Estate, Moraiya,
Ta: Sanand, Ahmedabad, Gujarat -382210, India.
Tel No: 079-29796584
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri (East), Mumbai-400059
Tel No.: 022 62638200
Email Id: email@example.com
|Lead Manager to the Issue:|
|FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers,
Dayaldas Road, Vile Parle (East),
Mumbai – 400 057, Maharashtra, India
Tel No: +91 81049 85249
Fax No.: 022 2618 6966