Rajeshwari Cans Limited is an Indian company that operates in the packaging industry. The company is primarily engaged in the manufacturing and marketing of tin containers and easy open ends (EOEs) used for packaging of processed foods, beverages, paints, chemicals, and other industrial products.
The company was incorporated in 1983 and is headquartered in Bangalore, India. Rajeshwari Cans Limited has a state-of-the-art manufacturing facility located in Bangalore that has a production capacity of over 1 million cans per day. The company also has a network of dealers and distributors across India, enabling it to reach customers in different regions.
Rajeshwari Cans IPO Details
| IPO Date | Mar 31, 2021 to Apr 6, 2021 |
| Listing Date | Thursday, April 15, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 2,016,000 shares of ₹10 (aggregating up to ₹4.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Rajeshwari Cans IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 31, 2021 |
| Closing Date | Apr 6, 2021 |
| Basis of Allotment | Apr 9, 2021 |
| Initiation of Refunds | Apr 12, 2021 |
| Credit of Shares to Demat | Apr 13, 2021 |
| Listing Date | Apr 15, 2021 |
Industry Overview
The Compound Annual Growth Rate (CAGR) of the canned goods industry varies by country and region. According to a report by Market Research Future, the global canned food market is expected to grow at a CAGR of 3.5% during the forecast period of 2020-2027. However, it is important to note that this is a general forecast and may not reflect the growth rate of a specific company or industry in a particular region or country.
Company Financials
| Particulars | For the year/period ended (₹ in Lakh) | ||
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 1,234.96 | 1,322.08 | 1,160.95 |
| Total Revenue | 2,209.73 | 2,132.33 | 1,849.64 |
| Profit After Tax | 18.69 | 15.75 | 11.21 |
Objects of the Issue
- Meeting incremental working capital requirement of the business.
- General corporate purposes.
Rajeshwari Cans IPO Prospectus
Company Contact Information
Rajeshwari Cans Limited
96, Mahagujarat, Industrial Estate, Moraiya
Ta: Sanand, Ahmedabad -382210
Phone: 079-29796584
Email: rcl2gov@gmail.com
Website: http://www.rajeshwaricans.com/
Rajeshwari Cans IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
IPO Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
