JNK India IPO is opening for subscription on April 23, 2024, and closing on April 25,…
Racks & Rollers IPO Date, Review, Price, Allotment Details
Racks & Rollers IPO is opening for subscription on April 30, 2024 and closing on May 3, 2024. This BSE SME IPO aims to raise ₹29.95 crores, with a 100% Fresh Issue of 3,840,000 equity shares, each with a face value of ₹10. The price band for the Racks & Rollers IPO is fixed at ₹73 – ₹78 Per Equity Share, with a market lot of 1600 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Racks & Rollers IPO Allotment will done on May 6, 2024, and Racks & Rollers IPO listing date is May 8, 2024.
Racks & Rollers Company Profile
Racks and Rollers, a brand of Storage Technologies & Automation, was established in 2010 and focuses on providing storage racking systems. Specializing in design, manufacturing, and installation services of metal storage racks, automated warehouses, and other storage solutions, Racks & Rollers caters to various industries with specific storage and logistical requirements. These industries include oil & gas, automotive components & aerospace, food & beverages, cold storage, pharmaceutical, textile, retail, FMCG, and others.
As an ISO 9001:2015 certified storage solution manufacturing company, Racks & Rollers is committed to quality and innovation. Their expansive infrastructure in Bangalore supports a streamlined manufacturing process, from product designing to delivery, all under the strict monitoring of an experienced team of quality controllers.
Racks & Rollers IPO Objectives
The funds raised through the IPO will be utilized for:
- To meet Working Capital requirements
- General Corporate Purpose
Racks & Rollers IPO Key Details
- Racks & Rollers IPO Open Date: April 30, 2024
- Racks & Rollers IPO Close Date: May 3, 2024
- Racks & Rollers IPO Size: Approximately ₹29.95 crores, 3,840,000 Equity Shares
- Face Value: ₹10 Per Equity Share
- Racks & Rollers IPO Price Band: ₹73 – ₹78 Per Equity Share
- Racks & Rollers IPO Listing on: BSE SME IPO
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- NII Quota: 15% of the net offer
Racks & Rollers IPO Timeline
- Racks & Rollers IPO Open Date: April 30, 2024
- Racks & Rollers IPO Close Date: May 3, 2024
- Basis of Allotment: May 6, 2024
- Refunds: May 7, 2024
- Credit to Demat Account: May 7, 2024
- Racks & Rollers IPO Listing Date: May 8, 2024
How to Apply for Racks & Rollers IPO
Investors can apply for the Racks & Rollers IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the BSE website.
Racks & Rollers Financial Performance (in Crores)
- Year 2021: Revenue ₹48.52, Expense ₹46.65, PAT ₹1.18
- Year 2022: Revenue ₹69.90, Expense ₹69.91, PAT ₹0.20
- Year 2023: Revenue ₹81.37, Expense ₹80.58, PAT ₹0.48
- October 2023: Revenue ₹53.17, Expense ₹48.32, PAT ₹3.59
Racks & Rollers Valuation FY2024
- Earning Per Share (EPS): ₹1.61 per Equity Share
- Price/Earning P/E Ratio: [Not Available]
- Return on Net Worth (RoNW): 20.89%
- Net Asset Value (NAV): ₹19.82 per Equity Share
Racks & Rollers Peer Group
- Alphalogic Industries Limited
Racks & Rollers Company Promoters
- Mr. Mohammad Arif Abdul Gaffar Dor
- Mr. Hanif A Khatri
- Mr. Syed Azeem
- Mr. Afzal Hussain
- Mr. Nuumaan Khasim
Racks & Rollers IPO Registrar
Integrated Registry Management Services Private Limited
2 nd Floor, Ramakrishna Street, North Usman Road,
T. Nagar, Chennai – 600 017
Website: https://www.integratedindia.in/Corporate-Container.aspx?CPI
Phone: + 91 44 2814 0801 to 803
Email: giri@integratedindia.in
Racks & Rollers IPO Allotment Status Check
- Check the Racks & Rollers IPO allotment status on the Integrated Registry Management Services website.
Racks & Rollers IPO Allotment Link
- Check the Racks & Rollers IPO allotment on the ipogmp.org website.
Racks & Rollers IPO Lead Managers (Merchant Bankers)
- Oneview Corporate Advisors Private Limited
Racks & Rollers Company Address
No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka
Bangalore,Karnataka-560064 India
Website: https://racksandrollers.com/
Phone: +91 98444 86300
Email: cs@racksandrollers.com
Racks & Rollers IPO FAQs
What is Racks & Rollers IPO?
Racks & Rollers IPO is a BSE SME IPO. They are going to raise ₹29.95 crores via IPO. The issue is priced at ₹73 – ₹78 Per equity share. The IPO is to be listed on BSE.
When will the Racks & Rollers IPO open?
The IPO is to open on April 30, 2024 for NII, and Retail Investors.
What is Racks & Rollers IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Racks & Rollers IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Racks & Rollers IPO through Zerodha?
For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.
How to Apply the Racks & Rollers IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Racks & Rollers IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Racks & Rollers IPO Size?
Racks & Rollers IPO size is ₹29.95 crores.
What is Racks & Rollers IPO Price Band?
Racks & Rollers IPO Price Band is ₹73 – ₹78 Per equity share.
What is Racks & Rollers IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 Shares with ₹124,800.
What is Racks & Rollers IPO Allotment Date?
Racks & Rollers IPO allotment date is May 6, 2024.
What is Racks & Rollers IPO Listing Date?
Racks & Rollers IPO listing date is May 8, 2024. The IPO to list on BSE SME IPO.
Related Articles
The views and investment tips expressed by experts on kunjcapital.com are their own and not those of the website or its management. Kunjcapital.com advises users to check with certified experts before making any investment decisions. *Services related to Advisory on Kunjcapital.com are not running by kunjcapital.com and they are proposed services, Sebi Registration Awaited.Share this:
Related Posts
This Post Has 0 Comments