IPO Details
Raw Edge Industrial Solutions Ltd.
No. 02, Navkruti Apartment, B/h B R Designs, Near Lal Bunglow,Surat, Gujarat - 395007

Public Issue of 2291200 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 62.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
05/07/201810/07/201872.00 -
Lead Managers Registrar Listed at
GUINESS CORPORATE ADVISORS PVT. LTD.
Bigshare Services Pvt Ltd.
Bharat Tin Works Building,
1st Floor, Opp.Vasant Oasis,, Makwana Road,
Mumbai, Maharashtra - 400059
Phone: 62638200 Fax: 62638299
BSE
Object of the issue

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.

The Offer for Sale

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

The objects of the Issue are:

1. Expansion by setting up Manufacturing Unit,
2. Working Capital Margin,
3. General Corporate Purpose,
4. Meeting Public Issue Expenses.

Promoted by

The Promoters of company are Mr. Bimal Rajkumar Bansal, Mr. Stheabh Bimal Bansal and Mr. Siddharth Bimal Bansal

1. Mr. Bimal Rajkumar Bansal : his aged 57 years, Managing Director of the company and is Bachelor of Arts from Kurukshetra University, Haryana. He has a vast experience of more than 30 years in the fields of Textile, Chemicals, Minerals and related businesses. He has been awarded as the “Highest Textile Exporter of the year” by the then President of India Mr. K.R. Narayanan. He is a dynamic entrepreneur and under his leadership, the Company commenced its transformational jtheney in achieving business excellence. He is a visionary and is involved in strategizing future direction of the company. As a mentor he provides leadership and inspiration at all levels of the organization, and support and assist executives in their learning on how to drive a successful organization.

Permanent Account Number : AALPB1471B

Passport Number : M3423813

Driving License : GJ0519960015602

Aadhaar Card No. : 361118060311

Name of Bank : Axis Bank Ltd

Bank Account Number : 913010018181270

Voter ID : THP2971950

Residential Address : 101, Navkruti Apartment, Lal Bunglow, Athwalines, Surat - 395007 Gujarat

2. Mr. Stheabh Bimal Bansal : his aged 34 years, non executive director, is an IIT-Kharagpur alumnus, having earned his B-Tech & M-tech degree from the institute. He is also the Managing Director of Magicrete Building Solutions Pvt. Ltd (Magicrete), a company in which private equity fund was arranged by Motilal Oswal Private Equity Fund. Under his leadership Magicrete has grown to become one of the renowned AAC Blocks manufacturer in the country with revenues in excess of 100 cr. He also holds a leadership position in Association of AAC Blocks manufacturers of India. He had received ET-Now "Best Brand Award" for the group company "Magicrete Building Solutions Private Limited".

Permanent Account Number : AFSPB6475P

Passport Number : Z2222113

Driving License : 000763/03/GJ05

Aadhaar Card No. : 837091249679

Name of Bank : Axis Bank Ltd

Bank Account Number : 913010020586818

Voter ID : THP2971976

Residential Address : 101, Navkruti Apartment, Lal Bunglow, Athwalines, Surat - 395007 Gujarat

3. Mr. Siddharth Bimal Bansal : his aged 33 years, non executive director, is an IIT-Delhi alumnus, having earned his B-Tech from the institute. He also holds PGDM degree from IIM-Lukhnow, one of the premier management institute in India. He is the Promoter & Director of the company and brings his tremendous energy, innovation, and forward vision to the company. He is Executive Director in Magicrete Building Solutions Pvt. Ltd (Magicrete), a company in which private equity fund was arranged by Motilal Oswal Private Equity Fund Early in his career, he worked as a consultant at Mckinsey & Company, a leading strategic consultancy company in the world and a leading private equity fund. He was awarded Tata business leadership award by Mr. Ratan Tata, Chairman, Tata sons. He was also nominated for O.P. Jindal scholarship in IIM Lukhnow.

Permanent Account Number : AGXPB4728R

Passport Number : M3090047

Driving License : GJ05/069683/03

Aadhaar Card No. : 433635736549

Name of Bank : Axis Bank Ltd

Bank Account Number : 913010020448271

Voter ID : THP2971927

Residential Address : 101, Navkruti Apartment, Lal Bunglow, Athwalines, Surat - 395007 Gujarat