Raghav Productivity: Jhunjhunwala entry brings high-flying stock…

Portions of Raghav Productivity Enhancers Ltd, a little cap firm, stayed in center around Monday, recording new highs after the organization declared very rich person financial backer Rakesh Jhunjhunwala will contribute up to ₹30.90 crore through unstable mandatory convertible debentures. The stock on Monday shut at an unsurpassed high of ₹716.90, up ₹34.10 or 4.99 percent, over the earlier day’s nearby.

Pref issue at ₹515 an offer

The organization on Sunday educated the BSE the CCDs will be designated to Jhunjhunwala via a particular issue on a private arrangement basis.The expert financial backer, frequently known as India’s Warren Buffett, will be distributed up to 6 lakh CCDs at ₹515 each. The CCDs will convey a basic loan fee of 15% per annum.

These CCDs will be changed over into value shares toward the finish of year and a half from the date of assignment. The board endorsed the transformation cost of value share at the higher of the accompanying: ₹515 an offer or not really set in stone according to SEBI standards, the organization said in its documenting.

Silica Ramming Mixes Exporter, Silica Ramming Mixes Manufacturer India


The organization, some time ago Raghav Ramming Mass, hit the capital market in April 2016 at an issue cost of ₹39 through BSE SME stage. It is occupied with the matter of smashing mass mineral. It offers white silica sand, projecting powder, white slamming mass, premixed smashing mass, quartz silica smashing mass and so forth The stock relocated to BSE primary stage in October 2019.

The BSE-recorded organization’s offers have bounced almost 1,738 percent from IPO cost in the previous five years. It hopped 610% over the most recent one year. The organization had given extra offers in the proportion of 2:5 (two offers for each 5 held) in 2018. On the off chance that one records for this likewise, the stock’s return would be right around 2,500 percent for the little cap stock.

The organization has pronounced positive outcomes for the last two continuous quarters. For the quarter finished June 30, its net benefit expanded to ₹4.28 crore. Its net deals remained at ₹20.61 crore.

Presently, advertisers Kabra family ( Sanjay, Rajesh, Savita, Krishna and Rashmi) hold 69.61 percent stake in the organization. About 1,400 little financial backers hold 7.77 percent and 20 HNIs 14.39 percent.

As indicated by marketmen, with the passage of Jhunjhunwala, the stock might see some retail and institutional premium. Nonetheless, as the stock isn’t recorded on the NSE, liquidity will be extremely less.


Thank You

Leave a Reply