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 |
Issue Objective
The present IPO is a fresh Issue of 45 lakh equity shares of Rs.10 each constituting 25.4% of the company
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