RDB Rasayans IPO: Analysis by V S Fernando

More than a dozen existing listed companies in poly sacks space do not add up to a market cap of Rs 110 crore but that does not deter the sixth public entity of the RDB group from asking a m-cap of Rs 140 crore for a capacity of only 14450 tonnes. No wonder NSE did not find it fit for listing!

September 22, 2011 / 11:49 IST

By V S Fernando, IPO Analyst at India Aarthik Research

More than a dozen existing listed companies in poly sacks space do not add up to a market cap of Rs 110 crore but that does not deter the sixth public entity of the RDB group from asking a m-cap of Rs 140 crore for a capacity of only 14450 tonnes. No wonder NSE did not find it fit for listing!

OFFER AT A GLANCE
Name	RDB Rasayans Ltd
Offer Quantity	45 lakh shares of Rs 10 each
% on Total Equity	25.4%
Offer Price	Rs 72 to Rs 79
Offer Amount	Rs 32.4 cr to Rs 35.6 cr
Bid Quantity	80 & Multiples of 80
Bid/Offer Opens	September 21, 2011
Bid/Offer Closes	September 23, 2011
Rated By	Brickwork Ratings
Rating	2 out of 5
Lead Managers	Charted Capital
Registrars	Link Intime India