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:
Company is currently trading in the following Products:
- Plastic Granuals
- Other Household Plastic products (Tubs, Buckets, Ghamelas)
Management Team:
- Mr. Harish Sirwani (Designation: Chairman & Managing Director)
- Mrs. Nidhi Sirwani (Designation: Whole-time Director)
- 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)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Reviews of Current & Upcoming IPOs:
| Company Contact Info: |
|---|
| RONI Households Ltd Plot No. F – 55, Addl. MIDC Area, Ajanta Road, Jalgaon – 425003, Maharashtra Tel No: +91 77965 42369 Email: info@ronihouseholds.com Website: www.ronihouseholds.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 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 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| ARYAMAN FINANCIAL SERVICES LIMITED 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 Email: ipo@afsl.co.in Website: www.afsl.co.in |
