R & B Infra Project IPO

R & B Infra Project is an integrated engineering, procurement, and construction firm with over 20 years of experience in India’s design, project management, and many engineering fields. R & B Infra Project IPO will hit the stock market in January 2023.

About R & B Infra Project

They are authorized to submit an unlimited number of bids for the MCGM & Central Public Works Department’s civil works because they are registered as a Civil – Class I-A contractor. Additionally, they are listed as a Class AA Registration Contractor for the Gujarat Roads & Building Department.

They apply quality management systems accredited to the design, development, engineering, procurement, construction of projects, & information security management systems certified to ISO 27001:2013 and information technology management systems certified to ISO 20000-1:2011.

They had 31 projects totaling 1,25,629.92 Lakhs in their order book. Since their formation, they have completed 45 projects, of which they have built 2 in the power sector, 10 in the road sector, & 33 in the urban infrastructure sector, totaling $1,05,427.68 lakhs.

Business

Since starting their company in 2005, they have provided services for a wide variety of infrastructure and construction projects in industries including water supply, solid waste management, road construction, canal construction, building construction, etc.

The State of Maharashtra’s Public Works Department (PWD), the Maharashtra State Road Development Corporation (MSRDC), the Mumbai Metropolitan Region Development Authority (MMRDA), the Maharashtra Rural Road Development Association (MRRDA), the Maharashtra State Road Transport Corporation (MSRTC), the State of Maharashtra’s Water Resources Department, the Pune Municipal Corporation (PMC), & the Pimpri-Chinchwad Municipality have all awarded them projects.

They are Rathore Group’s flagship company. Ratansingh Rathore, the group’s promoter, created the group in 1994 having an experience of more than 25 years in the same line of business.

Order Book

Since it represents a share of expected future revenue, an order book is regarded in their sector as a predictor of future performance.

They prioritize adding quality projects with potential for higher profits rather than just expanding their order book. They can pursue a wider choice of project tenders and so maximize their business volume and contract profit margins by broadening their skill set and order book across multiple business and geographical regions.

They have been given contracts totaling 1,78,645.28 lakhs, of which 53,015.36 lakhs worth of works have already been completed; the remaining 1,25,629.92 lakhs are included in our order book. Due to their sustained focus, they have been able to reach and retain such strong Order Book rankings.

R & B Infra Project IPO

R & B Infra Project Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 50,00,000 Equity Shares on 29 September 2022.

The offer includes a fresh issue of 35,00,000 Equity Share and there is offer for sale (OFS) of 15,00,000 Equity Shares by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.

IPO
Initial Public Offering

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

 
Particulars For the year/period ended ( in Cr.)
31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 207.72 208.74 212.28
Total Revenue 215.19 186.71 156.33
Profit After Tax 11.92 9.54 7.17

Basic and Diluted Earnings Per Share

Financial Period Basic EPS (in INR) Diluted EPS (in INR) Weight
Financial Year 2020 4.86 4.86 3
Financial Year 2021 6.47 6.47 2
Financial Year 2022 8.08 8.08 1
Weighted Average 7.01 7.01

Objects of the Issue

  • Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
  • To meet common corporate objectives.

Basis of the offer

R & B Infra Project limited feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:

  • Strong execution skills and industry knowledge.
  • Observable growth due to a healthy order book.
  • Promoters with experience and a management team.
  • Excellent financial results.
Bus Rapid Transit System By R&B Infra Project
Bus Rapid Transit System By R&B Infra Project

R & B Infra Project Peer Comparison

S. No. Face Value Company Name PE
1 10 Dilip Buildcon Limited -5.68
2 5 Ashoka Buildcon Limited 2.85
3 10 Ramky Infrastructure Limited 33.37
4 2 Larsen and Toubro Limited 24.72
  1. All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
  2. The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on September 28, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.

R & B Infra Project IPO Details

IPO Opening Date January 2023
IPO Closing Date January 2023
Issue Type Book Building
Face Value  10 per share
IPO Price 0 to 0 per equity share
Market Lot
Min Amount
Listing At BSE, NSE
Issue Size  50,00,000 Equity Shares
Fresh Issue  35,00,000 Equity Shares
 Offer for Sale  15,00,000 Equity Shares

R & B Infra Project IPO Date

R & B Infra Project Limited IPO opening date is January 2023, and the closing date is January 2023. The R & B Infra Project issue may list in January 2023.

IPO Opening Date January 2023
IPO Closing Date January 2023
Basis of Allotment Date January 2023
Initiation of Refunds January 2023
Credit of Shares to Demat Account January 2023
IPO Listing Date January 2023

Basis of Allotment

Type % of Offer Basis of Allotment
Qualified Institutional Buyer 50
Roughly  equivalent
Non Institutional Investor 15
Roughly  equivalent
Retail 35 Minimum 1 lot based on availability

R & B Infra Project IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of R & B Infra Project IPO.

R & B Infra Project IPO GMP

R & B Infra Project Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date GMP (in Rs) Subject to Sauda Kostak (in Rs)
January 2023
January 2023
January 2023
January 2023
January 2023
January 2023
January 2023
January 2023
January 2023
January 2023
January 2023
January 2023

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

R & B Infra Project Limited IPO Review

R & B Infra Project Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of R & B Infra Project IPO is good or bad.

R & B Infra Project Limited IPO Risk

  • The failure to obtain, maintain, and renew such approvals and licenses in a timely manner or to comply with such rules and regulations, or to do so at all, may adversely affect R & B Infra Project Limited’s operations. They are required to comply with certain rules and regulations in the normal course of business.
  • Several legal processes include their company, the promoter/director, and the group companies. Any unfavorable ruling in such procedures could significantly harm the parties’ operations, financial situation, and ability to conduct business.
  • The offices of R & B Infra Project Limited and Promoter/Director have been searched by the income-tax authorities.
  • They conduct business with various governmental organizations or agencies, which accounts for a sizeable amount of their earnings.

Other Threats

  1. There are many management tasks involved in submitting a bid for a tender, including thorough project analysis. The bid amount may have a margin that is less than the hurdle rate margin, or the projected rate of return, if the cost cannot be correctly measured.
  2. Their order Book might not accurately predict their future performance, & their actual revenue might be far lower than the projections made in their Order Book, which would have a negative impact on their operational results.
  3. They have relied on a sizable percentage of their few clients’ revenues. Its business would suffer materially if they lost one or more of their key customers.
  4. Their current assets & net worth are largely made up of trade receivables & inventories.

R & B Infra Project Limited IPO Brokerage views

Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this R & B Infra Project IPO:

  • Yes Securities : Not Updated
  • Choice Brokering: Not Updated
  • Axis Securities: Not Updated
  • IIFL Securities: Not Updated
  • Trade swift: Not Updated
  • Anand Rathi : Not Updated
  • ICICI Securities: Not Updated

R & B Infra Project Limited IPO Subscription Status

Date Day QIB NII Retail Employees Total Subscription
January 2023 1
January 2023 2
January 2023 3

R & B Infra Project Limited Management

Their Promoter has been crucial in the growth of R & B Infra Project, and they gain from their industry experience, subject matter expertise, leadership, and vision.

Under the vision, direction, and leadership of its individual promoter, Ratansingh Rathod, who has more than 25 years of expertise in the construction and infrastructure industry, they have had significant commercial growth. Furthermore, a group of qualified employees who are familiar with the fundamentals of their Business run their company.

Their Promoter is strongly supported by their Key Managerial Personnel, who have assisted them in establishing enduring relationships with numerous clients, including government agencies, and have also made it easier for them to create a solid technical and financial eligibility for direct tender bidding.

R & B Infra Project Limited Promoters

  • Ratansingh Rathore

Principal Shareholder’s Holding

Pre Issue Share Holding  57.29%
Post Issue Share Holding
Khellani – Kishtwar – Chattroo section of NH-244 By R&B Infra Project
Khellani – Kishtwar – Chattroo section of NH-244 By R&B Infra Project

R & B Infra Project Limited Prospectus

Contact Details

R & B Infra Project Limited
B-1, Neela Apartments S.V. Road, Opp. Mandpeshwar Ind
Estate, Borivali (West), Mumbai-400092, Maharashtra, India.
E-mail: [email protected]
Telephone: +91 22-28957474/28958787
Website: www.rathoregroup.co.in

Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400093
Tel: +91 – 22 – 6263 8200;
Email: [email protected];
Website: www.bigshareonline.com

Lead Manager(s)

  1. ARYAMAN FINANCIAL SERVICES LIMITED

We hope we are able to answer all your questions about R & B Infra Project IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.

Disclaimer

The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.

The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.

Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.

The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.

Note:

Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.

FAQ

R & B Infra Project Limited IPO Opening Date?

R & B Infra Project Limited IPO will open in January 2023.

R & B Infra Project Limited IPO Listing Date?

R & B Infra Project Limited IPO will list in January 2023.

R & B Infra Project IPO GMP Today?

R & B Infra Project IPO Grey Market Premium is INR 0 .

R & B Infra Project Limited IPO Allotment Date?

R & B Infra Project Limited IPO basis of allotment will be in January 2023.

Lot size for R & B Infra Project Limited IPO?

Lot size for R & B Infra Project Limited IPO is 0.

Categories IPO

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