Rajputana Industries IPO will open for subscription from 30 July 2024. The company aims for an issue size of ₹23.88 Cr through this IPO.
Company Overview
| Full name | Rajputana Industries Limited |
| Sector | Non – Ferrous Metals |
| Industry | Metal – Non Ferrous |
| Company Website | https://www.rajputanaindustries.com/ |
About Company
Rajputana Industries specializes in producing various non-ferrous metal products from materials such as copper, aluminum, brass, and different alloys. These products are made from recycled scrap metal. The company sources scrap metal from the open market and process it in its in-house manufacturing facility in Reengus, Sikar, Rajasthan. As of 31 March 2023, the annual installed capacity for all products totals 9,860 metric tons. Shera Energy Limited acquired Rajputana Industries on 30 August 2017.
The company’s product portfolio includes rods, billets, strips, wires, and tubes made of Copper, Aluminum, and Brass. As of 10 July 2024, Rajputana Industries employed 98 people across various departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labour.
The Objectives of the Issue
- Funding the Working capital requirements of the company;
- Purchase of Grid Solar Power Generating System; and
- General corporate purposes.
Rajputana Industries IPO Timetable
| IPO Opening date | 30 July 2024 |
| IPO Closing | 01 August 2024 |
| Basis of Allotment | 02 August 2024 |
| Initiation Refund | 05 August 2024 |
| Credit to Demat Account | 05 August 2024 |
| Listing Date | 06 August 2024 |
Rajputana Industries IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹23.88 Cr – 6,285,000 shares |
| Fresh Issue | ₹23.88 Cr – 6,285,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹36 to ₹38 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 360,000 shares |
| Shareholding pre-issue | 15,930,000 |
| Shareholding post-issue | 22,215,000 |
| Listing Exchange | NSE SME |
Rajputana Industries Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
Rajputana Industries Offer Documents
Rajputana Industries IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,611,000 (25.63%) |
| Market Maker Shares Offered | 360,000 (5.73%) |
| QIB Shares Offered | 1,074,000 (17.09%) |
| NII (HNI) Shares Offered | 900,000 (14.32%) |
| Retail Shares Offered | 2,010,000 (31.98%) |
| Employee Shares Offered | 30,000 (0.48%) |
| Other Shares Offered | 300,000 (4.77%) |
| Total Shares Offered | 6,285,000 (100%) |
Rajputana Industries Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 244.35 | 254.67 | 326.51 |
| Expenses | 240.98 | 251.06 | 320.14 |
| Net income | 2.64 | 3.10 | 5.13 |
Rajputana Industries Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.87 | 2.19 | 3.34 |
| PE ratio | – | – | 10.78 – 11.38 |
| RONW (%) | 15.40 | 11.29 | 15.74 |
| NAV | 12.12 | 17.90 | 21.25 |
| ROCE (%) | 27.35 | 22.67 | 30.28 |
| EBITDA (%) | 4.92 | 5.10 | 5.56 |
Company Promoters
- M/s Shera Energy Limited
- M/s Isha Infrapower Private Limited
- Mrs. Shivani Sheikh
- Mr. Sheikh Naseem.
Promoter Holding
| Pre Issue Share Holding | 92.15% |
| Post Issue Share Holding |
Rajputana Industries Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 August 2024 | 40 | – | 95,000 |
| 3 August 2024 | 45 | – | 99,000 |
| 2 August 2024 | 45 | – | 99,000 |
| 1 August 2024 | 48 | – | 1,01,000 |
| 31 July 2024 | 48 | – | 1,01,000 |
| 30 July 2024 | 45 | – | 95,000 |
| 29 July 2024 | 42 | – | 91,000 |
| 27 July 2024 | 40 | – | 88,000 |
| 26 July 2024 | 45 | – | 95,000 |
Rajputana Industries IPO Subscription Update
| Category | Subscription (times) |
|---|---|
| QIB | 177.94 |
| NII | 417.95 |
| Retail | 524.61 |
| Employee | 2.80 |
| Others | 6.67 |
| Total | 376.41 |
Rajputana Industries IPO Allotment Status
Rajputana Industries IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Rajputana Industries IPO Listing Details
| Listing Date | 06 August 2024 |
| BSE Scrip Code | |
| NSE Symbol | RAJINDLTD |
| ISIN | INE0PCU01012 |
| Final Issue Price | ₹38 per share |
Rajputana Industries IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹38.00 |
| Open | ₹72.20 |
| Low | ₹72.20 |
| High | ₹75.80 |
| Last Trade | ₹75.80 |
Rajputana Industries IPO Lead Manager(s)
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email: ipo@holaniconsultants.co.in
Website: www.holaniconsultants.co.in
Rajputana Industries Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Rajputana Industries Contact Details
RAJPUTANA INDUSTRIES LIMITED
F-269-B, Road No. 13, VKIA,
Jaipur, Rajasthan 302013 India
Phone: +91 9588841031
E-mail: cs@rajputanaindustries.com
Website: www.rajputanaindustries.com
Rajputana Industries IPO FAQs
What is the Rajputana Industries offer size?
Rajputana Industries’ offer size is ₹ 22.63 – 23.88 crores.
What is the Rajputana Industries offer price band?
Rajputana Industries’ public offer price is ₹ 36 – 38 per share.
What is the lot size of the Rajputana Industries IPO?
Rajputana Industries offer lot size is 3,000 shares.
What is Rajputana Industries IPO GMP today?
Rajputana Industries IPO GMP today is ₹ 40 per share.
What is the Rajputana Industries kostak rate today?
Rajputana Industries kostak rate today is ₹ NA per application.
What is Rajputana Industries Subject to the Sauda rate today?
Rajputana Industries is Subject to the Sauda rate today is ₹ 95,000 per application.
Final thoughts
Rajputana Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
