The Rajnish Wellness date has been confirmed from June 25, 2018 and ended on June 29, 2018.
Rajnish Wellness Developers IPO is a fixed price issue of Rs 11.98 crores. The price is ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000.
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Bidding Dates
June 25-29
Price Range
₹95 per share
Face Value
₹10 per share
GMP
₹9.99
Rajnish Wellness IPO GMP
The Rajnish Wellness IPO GMP is ₹9.99.
IPO Overview
The Rajnish Wellness IPO is a fixed-price offering for Rs 11.98 crores. The Rajnish Wellness IPO auction began on June 25, 2018 and concluded on June 29, 2018. On July 9, 2018, the shares were listed on the BSE SME. The IPO price for Rajnish Wellness is ₹95 per share. A minimum lot size of 1200 Shares is required for an application. Retail investors must make a minimum commitment of ₹140,000.
Rajnish Wellness has a major presence in the states of Maharashtra, Uttar Pradesh, Karnataka, Bihar, Odisha, Delhi, Jharkhand, Madhya Pradesh, Uttarakhand, Haryana, and West Bengal. Its products are sold in all major medical stores in these states. The company had 18 permanent employees and 78 contract employees as of February 28, 2018.
Rajnish Wellness IPO Details
| IPO Date | June 25, 2018 to June 29, 2018 |
| Listing Date | July 9, 2018 |
| Face Value | ₹10 per share |
| Price | ₹95 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,261,200 shares (aggregating up to ₹11.98 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 63,600 shares |
Rajnish Wellness Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 28-Feb-18 | 31-Mar-17 | 31-Mar-16 | ||||
| Total Assets | 1,782.44 | 837.92 | 530.35 | |||
| Total Revenue | 2,423.22 | 2,529.63 | 1,315.88 | |||
| Profit After Tax | 161.87 | 63.87 | 32.34 | |||
Rajnish Wellness IPO Timeline
| IPO Open Date | Friday, December 29, 2023 |
| IPO Close Date | Wednesday, January 3, 2024 |
| Basis of Allotment | Thursday, January 4, 2024 |
| Initiation of Refunds | Friday, January 5, 2024 |
| Credit of Shares to Demat | Friday, January 5, 2024 |
| Listing Date | Monday, January 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 3, 2024 |
Company Profile
Rajnish Wellness Limited, situated in Mumbai, was founded in 2015 and is in the business of providing a variety of products ranging from consumer durables to ayurvedic personal care products. The primary areas of concentration for the company are sexual wellness, energy revival, and personal care goods. The company’s product line includes ayurvedic medications, personal care goods, sexual wellness, and energy rejuvenation items, among other things. Personal care products are sold under the brand name. “PlayWin Capsules”, “PlayWin Condom”, “Rajnish
Lotion”, “Rajnish Plus Lotion”, “Play Win Spray”, “PlayWin Plus Capsules”, “PlaWin Oil”, , “PlayWin F Capsule”, “Kasaav Powder”, “SudantaDantManjan”, “Mithohar Liquid”, “Mithohar Tablets”, “Madamrit Hair Shampoo”, “Madamrit Hair Oil”, “Madamrit Hair Capsule” and Pia Lo Herb’s.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Rajnish Wellness Limited |
| Phone number | + 91-22-23065555 |
| Email ID | info@rajnishwellness.com |
| Website | rajnishwellness.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
