About the Company:
Rawedge Industrial Solutions Limited was established in the year 2005 with an aim of providing industrial minerals to manufacturing industries at competitive prices.
Company’s business model finds its origin in organizing the inefficiencies of the industrial raw materials supplies. The idea of organizing the unorganized industrial raw material sector was conceived by the promoters.
The supply of industrial raw materials involves research & development, exploration, mining, processing, logistics and IT enabling; the Company’s Promoters foresaw the inefficiencies in the unorganized industrial raw materials sector.
To overcome the inefficiencies of the unorganized industrial raw materials sector, company saw an opportunity in organizing this unorganized industrial raw material sector in the following way:
- By providing an outsourcing partner to the industry that would be highly organized, technically advance, and very cost effective;
- By providing all the services under one umbrella that will timely fulfill the industry’s raw material requirement, and;
- By providing end to end solutions to raw material needs of the industry anywhere in India.
In the Financial year 2006-07, Company’s promoter directors foreseen the potential use of Lime products and its demand, as a results, Company initially started trading in Lime Fines, Limestone, Ferrous Sulphate, Quartzite, Dolomite.
Company also does trading of other minerals such as Lime Powder, Lime Stones, Dolomite, Quartzite, Calcined Magnesites, Quick Lime, Asetic Acid, Benzene, Butaone, Caustic, Ethyle Acelate, Ethylene Glycole, Hydrogen Paroxide, Menthol, Potasium Carbonate, Toulene.
At present, Company is into the manufacturing and trading of calcium Lime products and trading into various minerals such as Hydrated Lime, Lime Stones Chips, Dolomite, Quartzite, Plaster of Paris. Though Company’s customers are spreaded over 10 states, but major supply of the products are concentrated in the state of Gujarat and Rajasthan
To provide timely supply of the finished goods to the customers, Company has started networking with Truck Owners. More than 1000 Truck Owners (approximately) are associated with Raw Edge Industrial Solutions Ltd.
In addition to their existing capacity of 60,000 ton/per annum capacity plant which is to be shifted at a new premises, which will take their total installed capacity of 1,80,000 ton/per annum.
Company’s Manufacturing Product range includes:
- Quick lime
- Hydrated lime
- Limestone and Limestone Powder.
Trading Activities:
In addition to manufacturing activities company also trades in the following minerals:
- Quartzite Mineral
- Quick Lime Powder (AAC Grade)
- Plaster of Paris (POP)
- Calcined Magnesite Powder
- Dolomite Mineral
Company’s Business Model:
Company’s Currently Installed & Proposed Capacity is Shown below:
Management Team:
- Mr. Bimal Rajkumar Bansal (Designation: Managing Director)
- Mr. Sourabh Bimal Bansal (Designation: Non Executive Director)
- Mr. Siddharth Bimal Bansal (Designation: Non Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Bimal Bansal | 16,70,200 | 2.40 |
| Mr. Siddharth Bansal | 16,70,200 | 4.65 |
| Mr. Sourabh Bansal | 16,70,200 | 3.43 |
Objectives of the Issue:
- Expansion by setting up Manufacturing Unit
- Working Capital Margin
- General Corporate Purpose
- Meeting Public Issue Expenses.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|---|
| Revenue | 66.62 | 33.49 | 38.26 | 41.33 | 48.60 | 44.98 |
| Net Profit | 0.81 | 0.70 | 0.44 | 0.58 | 0.61 | 1.33 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Raw Edge Industrial Solutions Ltd | 10 | 7.36 | 9.78 | 9.90% | 74.35 |
| Sanginita Chemicals Limited | 10 | 0.65 | 137.51 | 4.01% | 16.13 |
| India Gelatin and Chemicals Ltd | 10 | 3.05 | 34.46 | 2.31% | 131.93 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 5th July 2018 |
| Issue Closes on:. | 10th July 2018 |
| Issue Price | Rs.72 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,15,200 |
| Issue Constitutes | 27.33% |
| Issue Size | Rs.16.49 cr |
| Market Cap | Rs.60.35 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 22,91,200 |
| Equity Shares Prior to the Issue | 67,00,800 |
| Equity Shares after the issue | 83,82,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 7.36 | 9.78 | 9.90% | 74.35 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| Raw Edge Industrial Solutions Ltd Shop No. 47, Ground Floor, City Mall, New Link Road, Andheri (W), Mumbai, Maharastra – 400053. Tel: 91-72269 96805 Email: info@rawedge.in Website: www.rawedge.in |
| 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: +91-022-62638200 Email Id: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91 – 33 – 3001 5555; Fax: +91 – 33 – 3001 5531 Email:gcapl@guinessgroup.net Investor Grievance Email: gcapl.mbd@guinessgroup.net Website: www.guinessonline.net |
