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RILINFRA IPO

Rachana Infrastructure Limited

IPO Doc

Start Date20-05-2022

Application Timing10am-5pm

Price Range₹135 - ₹135

Min Qty1000

Min. Investment₹135000

Listing Date20-05-2022

Close Date02-06-2022

About Rachana Infrastructure Limited

Why To Invest in Rachana Infrastructure Limited

RIL is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on its latest financial performance, the issue is exorbitantly priced. There is no harm in skipping this pricy bet.

Strengths And Risks

Competitive Strength: Leading Road-focused BOQ and EPC Contractor. Management and an integrated in-house project team with strong execution capabilities and extensive industry experience. Visible growth through a robust order book.

Weak in FINANCIAL PERFORMANCE: On the financial performance front, for the last three fiscals, RIL has posted turnover/net profits of Rs. 113.93 cr. / Rs. 4.66 cr. (FY19), Rs. 158.41 cr. / Rs. 5.97 cr. (FY20) and Rs. 107.06 cr. / Rs. 4.55 cr. (FY21). For the first nine months of FY22 ended on December 31, 2021, it has earned a net profit of Rs. 1.40 cr. on a turnover of Rs. 41.71 cr. For the last three fiscals, it has posted an average EPS of Rs. 3.20 and an average RoNW of 14.31%. The issue is priced at a P/BV of 5.35 based on its NAV of Rs. 25.80 as of December 31, 2021, and at a P/BV of 3.23 based on its post-IPO NAV of Rs. 42.76. If we annualize FY22 earnings and attribute it to post IPO fully diluted equity capital, then the asking price is at a P/E of 138, making it an exorbitantly priced issue.

FAQs

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Attention Investors:
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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
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Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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