Raw Edge Industrial Solutions Ltd Ipo

Raw edge industrial solutions ltd ipo

Raw Edge Industrial Solutions Limited was incorporated as 'Shree Saishraddha Industries Private Limited' under provisions of Companies Act, 1956 vide certificate of incorporation dated at 14th February 2005 issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli.

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It is involved in the manufacturing of industrial minerals which consist of calcium Lime products and is also involved in trading of Hydrated Lime, Lime Stones Chips, Dolomite and Quartzite among others.

Date of Incorporation: Raw Edge Industrial Solutions Limited was initially incorporated as 'Shree Saishraddha Industries Private Limited' under the provisions of the Companies Act, 1956 Vide certificate of incorporation dated 14th February 2005 issued by the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli.

The company was relocated from Gujarat to the state of Maharashtra, therefore, a certificate was issued on 7th March 2013 by the Registrar of companies Mumbai, Maharashtra. The company name was modified to 'Raw Edge Industrial Solutions Private Limited' therefore the fresh certificate of incorporation was issued to them by the Registrar of Companies, Mumbai, Maharashtra as the name of the company was modified.

Raw edge industrial solutions ltd ipo

This company was converted into a public company bearing name 'Raw Edge Industrial Solutions Limited' therefore fresh certificate of incorporation was issued to them by the DROC, Registrar of Companies on 1st March 2018.

Promoters of Raw Edge Industrial Solutions Limited: Mr Bimal Bansal, Mr Sourabh Bansal and Mr Siddharth Bansal are the joint promoters of Raw Edge Industrial Solutions Limited.

Products and Services Offering: Raw Edge Industrial Solutions Limited is primarily involved in the manufacturing and trading of Calcium Lime products.

Besides, this is also actively involved in trading of Acetic Acid, Benzene, Butane, Caustic, Ethyl Acetate, Ethylene Glycol, Hydrogen Peroxide, Menthol and Potassium Carbonate, Hydrated Lime, Lime Stones Chips, Dolomite, Quartzite, Plaster of Paris among others.

Raw edge industrial solutions ltd ipo

Consumer segments: Raw Edge Industrial Solutions Limited has diversified customer segments which are spread throughout several states in India.

But the majority of customers are from the state of Gujarat and Rajasthan among others.

Raw edge industrial solutions ltd ipo

Some of its high prolific clients include Kutch Chemical Industries, Ascolite, India Gelatine and Chemicals Limited, Canberra, Aarti Industries, Existing-Palsana Plant, JSW and Atul among others.

Objects of Raw Edge Industrial Solutions Limited: The present Public Issue of 22,91,200 Equity Shares includes a Fresh Issue of 16,81,200 Equity shares and an offer for sale of 6,10,000 equity shares by the Selling Shareholder at an issue price of Rs.72 per Equity Share.

In this case, the Company will not receive any proceeds from the Offer for Sale of 6,10,000 equity shares.

The objects of Raw Edge Industrial Solutions are:

- Expansion by setting up Manufacturing Unit.

- Working Capital Margin.

- General Corporate Purpose.

- Meeting Public Issue Expenses.

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Company Financials:

ParticularsFor the year/period ended (in Rs.

Lakhs)

31-Jan-1831-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets2,912.262,718.572,305.111,488.561,377.22774
Total Revenue4,498.744,860.734,133.553,826.823,349.576,662.21
Profit After Tax133.461.6358.0544.7170.4181.5

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