Rajshree Polypack Ltd NSE SME IPO to open for subscription on Sep 10, 2018

Thane based Rajshree Polypack Ltd (RPL) is coming out with an Initial Public Offering (IPO) of fresh issue of up to 29,60,000 equity shares Rs. 10 face value at a price band of Rs.119-121 throuh 100% book building process. The IPO opens for subscription on Monday, September 10, 2018.

The company plans to raise around Rs.36 crore through its SME-IPO which will be listed on the SME platform of NSE.

The issue closes for subscription on Wednesday, 12 September 2018.

RPL manufactures rigid plastic sheets and thermoformed packaging products. Marquee investor Sunil B Singhania's Abakkus Growth Fund - 1 has invested in this company as an anchor investor in pre-IPO placement. The fund has invested Rs. 999.60 Lakhs for 8.33 lakh equity shares.

The principle objective of IPO is to finance the setting up of its fourth Factory Unit at Daman.

Rajshree Polypack has clocked a CAGR growth of 19.97% in its revenue from operations and a CAGR growth 134.66% in Net Profits in the last four years.

Source : Equity Bulls

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