Rajshree Polypack IPO is all set to make its debut on 11th Sept 18 with 35.52 Cr is a company engaged in the business of plastic packing products.
Rajshree Polypack IPO – overview
| IPO Dates | 10-12 sept 18 |
| IPO Price | INR 121 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,960,000 shares (INR 35.52 crore) |
| Minimum bid (lot size) | 1000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Rajshree Polypack IPO – Tentative Dates
| IPO Offer Opening Date | 10 Sept 2018 |
| IPO Closing Date | 12 Sept 2018 |
| Finalization of Basis of Allotment | 18 Oct 2018 |
| Initiation of refunds | 19 Oct 2018 |
| Transfer of shares to demat accounts | 19 Oct 2018 |
| IPO Listing Date | 24 Oct 2018 |
Industry overview
The plastic packaging industry grew at a CAGR of 15.6% from FY10 to FY15 and is expected to grow at a CAGR of 18% from FY15 to FY20. While the overall packaging industry has grown by 15.6%, the rigid plastic packaging industry has grown by 20.8%. Further, the rigid plastic packaging industry is expected to grow by 25% over the next five (5) years as against the overall packaging CAGR of 18%. Further growth in the rigid plastic packaging industry has outpaced the flexible packaging industry in the past and it is projected to outpace it in the future as well. The packaging segment in India is an amalgamation of both organized and unorganized players ranging from very small players with limited presence to big players with large market shares. Demand for this segment is anticipated to grow rapidly across all the players. Also, there is an increasing focus on innovative and cost-effective packaging materials. Thus, the industry players are keeping track of the changing trends in packaging and making efforts to capture the market with higher technology orientation. Further with a viewpoint of health and environmental friendliness, the growth in the packaging industry has been leading to greater specialization and sophistication among the market players.
Company Overview
Incorporated in 2003, Thane-based Rajshree Polypack Limited is a company engaged in the business of plastic packing products. It is one of the leaders in the manufacturing of rigid plastic sheets and thermoformed packaging products (source: Care Advisory Report, July 2018).
Rajshree’s products range from yogurt & ice cream containers, beverage cups & containers, food packing, bakery products and confectioneries, coffee cups, QSRs, generic bowls, punnets & trays for fruits and vegetable packing, lids etc.
The company’s manufacturing facility is located at Daman and has an annual capacity of over 10,000 MT.
Rajshree Polypack’s revenue from operations grew at a CAGR of 19.97% for the last four (4) Fiscals.
The net profit of the company grew at a CAGR of 134.66% and EBITDA by 33.05% for the last 4 fiscals.
Competitive Strengths-
1. Consistent financial performance.
2. Leading name in the manufacturing of rigid plastic sheets and thermoformed packaging.
3. Competitive edge due to the locational advantage of its manufacturing facility.
Objects of the Issue
- Repayment of certain identified loans availed from lenders and directors.
- Purchase of Machinery/Equipment.
- Funding of Working Capital Gap.
- General Corporate Purposes.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 8,656.66 | 8,157.94 | 7,610.30 |
| Total Revenue | 11,250.39 | 9,642.79 | 9,565.77 |
| Profit After Tax | 931.09 | 886.85 | 155.21 |
Company Contact Information
Rajshree Polypack Limited
#503-504, 5th Floor, Lodha Supremus
Road No. 22, Kishan Nagar,
Wagle Estate, Thane (W) – 400604
Phone: +91-22 25818200
Email: cosec@rajshreepolypack.com
Website: http://www.rajshreepolypack.com/
Rajshree Polypack IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rajshree.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Rajshree Polypack IPO Lead Manager(s)
- Pl Capital Markets Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
