Racks & Rollers IPO opens on April 30: Check GMP, price band, issue size, key dates, other details

According to the Red Herring Prospectus (RHP), it uses a racking strategy for storage. In summation to automated warehouses and different retention solutions, the steadfast specialises successful the design, manufacture, and installation of metallic retention racks. In bid to conscionable the unsocial retention and logistical needs of a wide scope of industries, including lipid and gas, automotive components and aerospace, nutrient and beverage, pharmaceutical, textile, retail, fast-moving user goods (FMCG), and others, the institution offers a assortment of products and services that amusement their dedication to providing creative, effectual solutions for a assortment of warehousing needs.

Also Read: JNK India IPO to debut connected the bourses tomorrow; here's what GMP indicates up of listing

Not much than 50% of the nett contented for QIBs, not little than 35% for retail investors, not little than 15% for non-institutional bidders, and not little than 5% of the contented for marketplace makers person been acceptable speech successful the SME IPO.

The company's promoters see Khasim Sait, Afzal Hussain, Mohammad Arif Abdul Gaffar Dor, Hanif A. Khatri, Syed Azeem, and Nuumaan Khasim.

According to RHP, Alphalogic Industries Ltd. is the company's lone listed peer (with a P/E of 33.17).

Between March 31, 2022, and March 31, 2023, the company's nett aft taxation (PAT) climbed by 335.72%, portion its income accrued by 16.42%.

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Racks & Rollers IPO details 

Racks & Rollers IPO, which is worthy astir ₹29.95 crore, consists of a caller contented of 38,40,000 equity shares with a look worth of ₹10. There is nary offer-for-sale component.

The institution plans to usage the issue's proceeds to execute the pursuing goals: to fulfill the wide firm intent and moving superior requirements.

The Racks & Rollers IPO ground for stock allocation is tentatively scheduled to beryllium finalised connected Monday, May 6. The steadfast volition commence refunds connected Tuesday, May 7, and the shares volition beryllium deposited to the allottees' demat relationship the aforesaid time aft the refund. Racks & Rollers stock terms is apt to beryllium listed connected BSE SME connected Wednesday, May 8.

The registrar for the Racks & Rollers IPO is Integrated Registry Management Services Private Limited, and the publication moving pb manager is Oneview Corporate Advisors Private Limited. Nikunj Stock Brokers is the marketplace shaper for the Racks & Rollers IPO.

Also Read: SME IPO scale hits grounds high, up implicit 30% successful April; 3 cardinal factors propelling the rally

Racks & Rollers IPO GMP today

Racks & Rollers IPO GMP oregon grey marketplace premium was ₹0, which meant shares were trading astatine their contented terms of ₹78 with nary premium oregon discount successful the grey marketplace according to investorgain.com

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

Also Read: Indegene IPO: Price set acceptable astatine ₹430-452 per share; cheque GMP, contented details, more

Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decision.

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Published: 29 Apr 2024, 03:20 PM IST