Rajeshwari Cans Ltd is another Small and Medium Enterprise (SME) that has recently filed a prospectus with the SEBI in connection with an upcoming IPO. The company is looking to raise capital from the public for meeting its working capital requirements. Let’s take an in depth look at the Rajeshwari Cans Ltd IPO details.
About the company
Established in the state of Gujarat in 2013, Rajeshwari Cans Ltd is in the business of producing round tin cans and containers of various sizes. In addition to manufacturing them, the company is also involved in printing labels for the tin cans as well.
The products manufactured by the company are then sold to paint companies and tobacco manufacturers, making Rajeshwari Cans Ltd a B2B business. The tin cans produced by the company range from being able to contain 50 grams of material to up to 5 litres of material.
Rajeshwari Cans Ltd IPO details
Here are the key details of the upcoming IPO that you’ve been waiting for, including the Rajeshwari Cans Ltd IPO date and the Rajeshwari Cans Ltd IPO share price.
Rajeshwari Cans Ltd IPO date
The opening date of the latest IPO from Rajeshwari Cans Ltd is set as March 31, 2021. After staying open for 7 days, the issue would come to a close on April 6, 2021.
Rajeshwari Cans Ltd IPO issue size
The company is looking to issue around 20,16,000 equity shares as part of this new IPO. The sale of these shares is likely to bring the company around Rs. 4.03 crores.
Rajeshwari Cans Ltd IPO share price
The share price for the new IPO has also been notified by the company. Set at Rs. 20 per equity share, the IPO price carries a share premium of Rs. 10 per equity share.
Rajeshwari Cans Ltd IPO listing
Since this latest IPO is from an SME, the shares of the company would be listed on the SME platform of the Bombay Stock Exchange.
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