Rajeshwari Cans Ltd

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: 



Management Team:

  1. Mr. Bharatkumar Vora (Designation: Managing Director)
  2. 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
Revenue 18.49 21.32 22.09
Net Profit 0.11 0.15 0.18



Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Rajeshwari Cans 10 0.89 44.94 7.56% 11.73
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
Shreton Limited 10 0.76 24.41 2.09% 46.72



IPO Details:

Details Info
Issue Opens on 31st March 2021
Issue Closes on:. 6th April 2021
Issue Price Rs.40
Face Value Rs.10
Minimum Lot 3000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 38.29%
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.


Important Dates:

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)
0.89 44.94 7.56% 11.73



Company Contact Info:
96, Mahagujarat, Industrial Estate, Moraiya,
Ta: Sanand, Ahmedabad, Gujarat -382210, India.
Tel No: 079-29796584
Email: rcl2gov@gmail.com
Website: www.rajeshwaricans.com


IPO Registrar Info:
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri (East), Mumbai-400059
Tel No.: 022 62638200
Email Id: ipo@bigshareonline.com
Website: www.bigshareonline.com


Lead Manager to the Issue:
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
E-mail: mb@fedsec.in
Website: www.fedsec.in