Rachana Infrastructure Limited
IPO Details
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Lot Distribution
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Company Fin.
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Rachana Infrastructure Limited's achieved publicly listed status following its IPO debut on Jun 10, 2022 at the NSE platform. The offering successfully mobilized 56,50,000 Shares, with 25,41,000 Shares allocated to corporate growth initiatives and ₹38.14 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹138 to ₹138, starting from minimum lots of 1000 shares. The subscription window from May 20, 2022 through May 25, 2022 enabled investor participation across market segments.
Share allocation was completed on Jun 07, 2022, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rachana Infrastructure Limited is a mid-size private sector company providing infrastructure and civil construction services, engaged in the construction of roads and highways, irrigation, hydropower projects, mining, and pipeline construction, with expansion underway in states such as Maharashtra, Madhya Pradesh, Jharkhand, and Rajasthan. The company has executed key road projects including MPRDC–ADB Loan IV, OPAL Petrochemical Refinery road work at Dahej SEZ, cement concrete road construction for MP PWD, and the Vadodara–Mumbai six-lane highway. Rachana Infrastructure also operates an in-house integrated mining system with its own machinery, covering the entire process from extraction of raw materials to crushing and production of finished black trap stone aggregates.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Girishkumar Raval
- Mrs. Bhaminiben Mehta
Rachana Infrastructure Limited
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