RONI Households Ltd

RONI Households Ltd
About the Company:

RONI Households currently trades in plastic granules and plastic household products which includes tub, buckets, ghamela etc.

Company intend to further expand the business by manufacturing plastic products for household use. Company has taken a land on lease in MIDC Jalgaon for the proposed manufacturing unit.

Company plans to leverage its promoter networks in the Trading community of Jalgaon and strong balance sheet situation to increase its presence in the plastic products.

Company is in the process of building a quality and innovation focused trading and manufacturing vertical as well as developing a strong team to cater to its proposed increased operational needs.


Capacity Utilization:

Company does not have any operating history with respect to capacity and capacity utilization. However, Company’s proposed manufacturing plant will have production capacity of 4,700 kgs per day for the fiscal 2019 fiscal 2020 and fiscal 2021.

The utilized capacity will be 40%, 65% and 70% for the fiscal 2019 fiscal 2020 and fiscal 2021 respectively.


Company’s Business Model:

business model


Company is currently trading in the following Products:

  • Plastic Granuals
  • Other Household Plastic products (Tubs, Buckets, Ghamelas)


Management Team:

  1. Mr. Harish Sirwani (Designation: Chairman & Managing Director)
  2. Mrs. Nidhi Sirwani (Designation: Whole-time Director)
  3. Mr. Manohar Sirwani (Designation: Non – Executive Director)


Objectives of the Issue:

  • Working Capital Requirements
  • Repayment of Unsecured loan.
  • Funding expenditure for General Corporate Purposes


Peer Group Comparison:

We believe that there is no other listed company which is specifically comparable to RONI Households Ltd w.r.t. company’s business model and size. Hence we cannot make any Comparison.


Financials of the Company:

(in Crores) FY 18 31st August 18
Revenue 4.29 0.74
Net Profit 0.016 0.078


IPO Details:

Details Info
Issue Opens on 19th November 2018
Issue Closes on:. 22nd November 2018
Issue Price Rs.20
Face Value Rs.10
Minimum Lot 6000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 34.59%
Issue Size Rs.3 cr
Market Cap Rs.8.67 cr
Listing at BSE SME
Equity Shares Offered 15,00,000
Equity Shares Prior to the Issue 28,35,946
Equity Shares after the issue 43,35,946


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
0.89 22.47 13.26% 11.53


Check IPO Allotment Status:

Bigshare Website (Click on the below link)


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Company Contact Info:
RONI Households Ltd
Plot No. F – 55, Addl. MIDC Area,
Ajanta Road, Jalgaon – 425003, Maharashtra
Tel No: +91 77965 42369



IPO Registrar Info:
1st Floor, Bharat Tin Works Building
Opp. Vasant Oasis, Makwana Road
Marol, Andheri East, Mumbai – 400 059
Tel No.: +91 22 6263 8200
Fax No.: +91 22 6263 8299


Lead Manager to the Issue:
60, Khatau Building, Ground Floor
Alkesh Dinesh Modi Marg
Fort, Mumbai – 400 001
Tel No.: +91 22 6216 6999
Fax No.: +91 22 2263 0434