Roni Household Limited (IPO) is all about to make its debut on 19 Nov 2018, with an issue size of 3.00CR.
Roni home Limited(IPO), situated in Jalgaon, Maharashtra, was founded in 2017 and specializes in the trade of plastic granules and plastic home items such as tubs, buckets, and ghamelas.
Roni plans to extend its operations by producing plastic home items. It has leased land from MIDC Jalgaon for the projected manufacturing plant.
INDUSTRY OVERVIEW
Global investment and trade increased in the second half of 2017. Global growth in 2017 was 3.8 percent, the fastest since 2011. With financial circumstances being favorable, global GDP is predicted to accelerate to 3.9 percent in both 2018 and 2019. Advanced economies will expand faster than potential in 2018 and next year, as accommodating monetary policy helps eurozone economies cut surplus capacity, and expansionary fiscal policy propels the US economy over full employment. The aggregate growth rate in emerging market and developing countries is expected to strengthen further, with sustained strong growth in emerging Asia and Europe and a slight rebound in commodities exporters after three years of poor performance.
According to the Central Statistics Organization (CSO) and the International Monetary Fund (IMF), India has emerged as the world’s fastest-growing major economy, and it is expected to be one of the top three economic powers in the next 10-15 years, owing to its strong democracy and partnerships. The Indian economy is predicted to grow at a 6.7 percent annual pace in 2017-18, and at a 7.2 percent annual rate in the next fiscal year 2018-19. The improvement in India’s economic fundamentals intensified in 2015 as a result of robust government reforms, the Reserve Bank of India’s (RBI) inflation emphasis, and benign global commodity prices.
Roni Households IPO Details
| IPO Date | Nov 19, 2018 to Nov 22, 2018 |
| Listing Date | Dec 3, 2018 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,500,000 shares(aggregating up to ₹3.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Aug-18 | 31-Mar-18 | |||||
| Total Assets | 557.90 | 348.04 | ||||
| Total Revenue | 73.87 | 429.70 | ||||
| Profit After Tax | 1.62 | 7.80 |
Objects of the Issue
The objects of the issue are to raise funds for-
1. Working Capital Requirements
2. Repayment of Unsecured loans
3. General Corporate Purposes
Roni Households IPO Prospectus
Company Contact Information
Roni Households Limited
Plot No. F – 55
Addl. MIDC Area
Ajanta Road, Jalgaon – 425003
Phone: +91 77965 42369
Email: info@ronihouseholds.com
Website: http://www.ronihouseholds.com/
Roni Households IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Roni Households IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
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