IPO Details
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IPO Size
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Schedule of Raviraj Process Controls IPO
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End date
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Listing on exchange
About Raviraj Process Controls IPO
The offer consists of a fresh issue component. The fresh issue will include up to 41,32,800 equity shares. The total number of shares and aggregate amount are yet to be finalised. The price band of the IPO is TBA. The lot size is TBA.
The IPO opening date is TBA. The IPO closing date is TBA. The listing date is TBA. The date of allotment is TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.
Raviraj Process Controls Limited is engaged in the manufacturing of electrical products like temperature sensors, wires & cables, cable harness, heaters and sleeves for a variety of applications specialising in the electric motor and generator industry. They cater to OEM ("Original Equipment Manufacturer") business of electric motor and generator manufacturers as well as the refrigeration industry, but not limited to this industry only. They have a full-fledged in-house manufacturing facility fully operational with resources to meet their customers' needs with respect to each and every component.
Objectives of Raviraj Process Controls IPO
- To purchase capital equipment.
- To meet working capital requirements.
- Repayment of certain debt facilities.
- General corporate purposes.
- To meet public issue expenses.
Raviraj Process Controls IPO Valuation
Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Industry Outlook
The Electronics Manufacturing Services (EMS) market plays a critical role in the electronics industry by providing a range of services to original equipment manufacturers (OEMs). EMS companies offer design, manufacturing, assembly, testing, and logistics services, allowing OEMs to outsource the production of electronic components and devices. This market has experienced significant growth due to various factors, including the increasing complexity of electronic products, the need for cost optimisation, and the demand for faster time-to-market.
The world’s fastest-growing industry, Electronics System Design and Manufacturing (ESDM), continues to transform lives, businesses, and economies across the globe. India is expected to become a $1,00,000 crore digital economy by FY26. Currently, the electronics market in India is valued at $15,500 crores with domestic production accounting for 65%. Technology transitions such as the rollout of 5G networks and IoT are driving the accelerated adoption of electronics products. Initiatives such as ‘Digital India’ and ‘Smart City’ projects have raised the demand for IoT in the electronics devices market and will undoubtedly usher in a new era for electronic products.
The Indian wires and cables market is expected to witness progressive growth in the upcoming six years, backed by the growing telecommunication sector in the country. The increased number of internet subscribers due to rising internet penetration rapidly from past years is an active contributor to the Indian wires and cables market growth. On the other side, telecom operators are spending in bulk on the integration of telecom towers in rural areas, and all this can be possible with the needful resources for the same. As a result, the use of wires and cables is rising in the telecom sector, which tends to ensure better signals through consistent power supply. As a result, it is estimated to strengthen the Indian wires and cables market growth in the forthcoming years. The Indian segment was valued at $1,608 crores in 2022 and is expected to reach $2,780 crores by 2028, registering a CAGR of 9.5% over the forecast period.
Company Information
Raviraj Process Controls Limited is engaged in the manufacturing of electrical products like temperature sensors, wires & cables, cable harness, heaters and sleeves for a variety of applications specialising in the electric motor and generator industry. They cater to OEM ("Original Equipment Manufacturer") business of electric motor and generator manufacturers as well as the refrigeration industry, but not limited to this industry only. They have a full-fledged in-house manufacturing facility fully operational with resources to meet their customers' needs with respect to each and every component.
The company has two manufacturing units located in Navi Mumbai, Maharashtra. A full-fledged quality department is set up in each of their two manufacturing units with instruments with equipment calibrated with National Accreditation Board for Testing and Calibration Laboratories (NABL) approved laboratories to conduct testing of the product and components as per the Indian Standards (IS), International Electrotechnical Commission (IEC) standards and other global standards.
Strengths of Raviraj Process Controls IPO
Quality standards and ISO certified organisation
Their strength lies in delivering quality services to their clients. The company is certified as an ISO 9001:2015 organisation with further certifications from IEC Ex, ATEX and PESO for explosion-proof product manufacture. Their products are 100% rigorously tested in their fully equipped QA laboratory matching global standards, which enables them to gain customer satisfaction. Since their products are embedded inside machines, there is no scope for their replacement in case of any defect or damage. Thus, rigorous testing on 100% of products is an added advantage to release products with zero defects. Their quality departments at both manufacturing sites are fully equipped to conduct thorough testing, following IS, IEC, and other global standards.
Customisation expertise
They specialise in crafting custom products tailored to the specific needs and technical requirements of their OEM customers. Their engineering team excels in designing temperature sensors, wires & cables, cable harness, heaters, and sleeves. Their expertise is the backbone of their success, allowing them to provide clients with personalised cable solutions that perfectly match their project needs. This level of customisation sets them apart and demonstrates their dedication to meeting each client's unique requirements.
Wide range of products
They offer a wide range of products to meet diverse needs. Whether customers require temperature sensors for precise monitoring or anti-condensation heaters for moisture control, they have got them covered. Their selection also includes a variety of cables such as Silicon, PTFE, XLPO, Fibreglass, PVC, and Uninyvin, each designed for specific applications. Additionally, they provide sleeves and cable Harnesses to ensure seamless integration of their products into customer systems. They therefore benefit from offering a wide range of products by creating an economic buffer and consistently generating returns.
Risks of Raviraj Process Controls IPO
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Dependence on third-party transportation providers for the delivery of their raw materials and products : They rely on third-party transportation providers to deliver their raw materials and products. Transportation strikes could disrupt their supply of raw materials and their ability to deliver products to customers. Additionally, transportation costs in India have been rising steadily over the years. Continued increases in these costs or the unavailability of transportation services could negatively impact their business, financial condition, and operations. Furthermore, India's physical infrastructure is less developed compared to many developed countries. Issues with road networks, the electricity grid, communication systems, or other public facilities could disrupt their normal business activities, including the supply of raw materials and product deliveries by third-party transportation providers. Any decline in the quality of India's infrastructure could harm the national economy, disrupt the transportation of goods and supplies, and increase business costs. These issues could interrupt their operations, adversely affecting their business results and financial condition.
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Volatility in raw material prices : Copper is the basic and one of the major raw materials for their manufacturing process. The copper prices are governed by international forces. Prices prevailing at the London Metal Exchange are one of the effective key factors affecting the prices of copper, i.e. the raw materials required by them. Thus, the prices of their major raw material, copper, remain highly volatile. The volatility in raw material prices will affect the profitability of the company adversely. They purchase raw materials either through the domestic market or imports, without any long-term supply agreements with suppliers. They face risks related to compensating for or passing on the increased costs of raw materials to their customers. If they raise their product prices to maintain their margins, their products might become too expensive for some customers. Price increases in raw materials could directly affect their margins and profitability, having a material adverse effect on their business, financial condition, and operational results.
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Foreign exchange risk : Some of their inputs are imported from countries like Brazil, etc., and payment for these purchases is made in foreign currency. Changes in the value of currencies with respect to the rupee may cause fluctuations in their operating results expressed in rupees. The exchange rate between the rupee and other currencies is variable and may continue to fluctuate in future. Any adverse or unforeseen fluctuations with respect to the unhedged exchange rate of any foreign currency for Indian rupees may affect the company’s results of operations. They are not involved in the hedging of foreign currency, which would result in losses and gains resulting from the translation of foreign currency denomination on their financials.
Raviraj Process Controls IPO Financials
Anchor Investor Bidding Date: TBA
Registrar : Maashitla Securities Private Limited
Book Running Lead Managers: Ekadrisht Capital Private Limited Fintellectual Corporate Advisors Private Limited
Business Model
The company earns its revenue through the following: Manufacturing electrical products like temperature sensors, wires & cables, cable harness, heaters and sleeves for a variety of applications specialising in the electric motor and generator industry.
Company Growth Trajectory
The company's total income for the period that ended 31 March 2024 stood at ₹41.81 crores, whereas in financial year 2022-23 it stood at ₹29.68 crores, representing an increase of 40.86%.
Their revenue from operations increased by 40.85% to ₹41.54 crores for the financial year 2023-24 from ₹29.49 crores for the financial year 2022-23. Revenue from operations increased primarily because of an increase in sales of products as compared to the previous financial year. Their other income increased by 42.34% to ₹0.27 crores for the financial year 2023-24 from ₹0.19 crores for the financial year 2022-23.
Their Profit After Tax has increased by ₹2.30 crores from a profit of ₹4.25 crores in the FY that ended 31 March 2023 to a profit of ₹6.55 crores in the FY that ended 31 March 2024.
Raviraj Process Controls IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 41.80 | 29.68 | 23.44 |
Profit Before Tax (in ₹ crores) | 8.79 | 5.97 | -0.1 |
Profit After Tax (in ₹ crores) | 6.54 | 4.249 | -0.1 |
EPS (Basic) ₹ | 5.67 | 4249.17 | -99.97 |
EBITDA (in ₹ crores) | 11.65 | 7.20 | 2.52 |
Raviraj Process Controls IPO Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 8.79 | 5.97 | -0.10 |
Net Cash from Operating Activities (₹ crores) | -4.27 | 5.24 | 4.66 |
Net Cash from Investing Activities (₹ crores) | -1.62 | -0.71 | -3.14 |
Net Cash from Financing Activities (₹ crores) | 5.97 | -4.18 | -1.18 |
Net Cash & Cash Equivalents (₹ crores) | 0.42 | 0.34 | 0.43 |
How to check allotment status of Raviraj Process Controls IPO?
Visit the Registrar's Website
To check the IPO allotment status for Raviraj Process Controls Limited IPO, visit the official website of Maashitla Securities Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps
- Select 'Equity' from the dropdown menu
- Choose 'Raviraj Process Controls Limited' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search' Your Raviraj Process Controls Limited IPO allotment status will be displayed.
Verify on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Raviraj Process Controls Limited IPO allotment status.
Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Application number
- PAN Then click 'Submit'. Your Raviraj Process Controls Limited IPO bid and allotment details will be displayed.
How to apply for Raviraj Process Controls IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Raviraj Process Controls IPO FAQs
Where can I read more about Raviraj Process Controls business?
You can read more about Raviraj Process Controls and its IPO from the company’s red herring prospectus (RHP) here.
What is the Raviraj Process Controls IPO?
Raviraj Process Controls Limited's IPO consists of a fresh issue of up to 41,32,800 equity shares. The total offer size is yet to be finalised.
Is Raviraj Process Controls IPO coming?
Yes, Raviraj Process Controls Limited is expected to come up with its IPO soon.
Who is the Chairman of Raviraj Process Controls?
Ravi Bansilal Darira is the Chairman of Raviraj Process Controls Limited.
What is the lot size of shares of Raviraj Process Controls IPO?
The company hasn’t given any information on the lot size yet.
