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Rajputana Industries IPO is a book built issue of Rs 23.88 crores. The issue is entirely a fresh issue of 62.85 lakh shares.
Rajputana Industries IPO bidding started from July 30, 2024 and ended on August 1, 2024. The allotment for Rajputana Industries IPO was finalized on Friday, August 2, 2024. The shares got listed on NSE SME on August 6, 2024.
Rajputana Industries IPO price band is set at ₹36 to ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹228,000.
Holani Consultants Private Limited is the book running lead manager of the Rajputana Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rajputana Industries IPO is Holani Consultants.
Refer to Rajputana Industries IPO RHP for detailed information.
IPO Date | July 30, 2024 to August 1, 2024 |
Listing Date | August 6, 2024 |
Face Value | ₹10 per share |
Price Band | ₹36 to ₹38 per share |
Lot Size | 3000 Shares |
Total Issue Size | 6,285,000 shares (aggregating up to ₹23.88 Cr) |
Fresh Issue | 6,285,000 shares (aggregating up to ₹23.88 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 15,930,000 |
Share holding post issue | 22,215,000 |
Market Maker portion | 360,000 shares Holani Consultants |
Rajputana Industries IPO offers 62,85,000 shares. 10,74,000 (17.09%) to QIB, 9,00,000 (14.32%) to NII, 20,10,000 (31.98%) to RII, 30,000 (0.48%) to employees and 16,11,000 (25.63%) to Anchor investors.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | 16,11,000 (25.63%) |
Market Maker Shares Offered | 3,60,000 (5.73%) |
QIB Shares Offered | 10,74,000 (17.09%) |
NII (HNI) Shares Offered | 9,00,000 (14.32%) |
Retail Shares Offered | 20,10,000 (31.98%) |
Employee Shares Offered | 30,000 (0.48%) | Other Shares Offered | 3,00,000 (4.77%) |
Total Shares Offered | 62,85,000 (100%) |
Rajputana Industries IPO raises Rs 6.12 crore from anchor investors. Rajputana Industries IPO Anchor bid date is July 29, 2024. Rajputana Industries IPO Anchor Investors list
Bid Date | July 29, 2024 |
Shares Offered | 1,611,000 |
Anchor Portion Size (In Cr.) | 6.12 |
Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2024 |
Rajputana Industries IPO opens on July 30, 2024, and closes on August 1, 2024.
IPO Open Date | Tuesday, July 30, 2024 |
IPO Close Date | Thursday, August 1, 2024 |
Basis of Allotment | Friday, August 2, 2024 |
Initiation of Refunds | Monday, August 5, 2024 |
Credit of Shares to Demat | Monday, August 5, 2024 |
Listing Date | Tuesday, August 6, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹114,000 |
Retail (Max) | 1 | 3000 | ₹114,000 |
HNI (Min) | 2 | 6,000 | ₹228,000 |
Lot Size Calculator |
The company's promoters are M/s Shera Energy Limited, M/s Isha Infrapower Private Limited, Mrs. Shivani Sheikh, and Mr. Sheikh Naseem.
Share Holding Pre Issue | 92.15% |
Share Holding Post Issue |
Rajputana Industries Limited was established in 2011 and manufactures a wide range of non-ferrous metal products in copper, aluminum, brass, and various alloys from recycled scrap metal.
The company manufactures billets of metals such as aluminium, copper or brass, etc. from scrap metal procured from open markets. The scrap metal is processed into billets through recycling at the company's own manufacturing facility in Sikar, Rajasthan. The company sells these billets to various manufacturing companies or uses them to manufacture products such as copper rods, aluminum rods, copper mother tubes, brass wires, super-enameled copper conductors, and many other products. These wires, tubes, rods, billets, and bars are manufactured in various shapes and sizes as per the requirements of the customers and/or the demand in the market.
In order to expand its product portfolio, the company is entering into the production of cables, which are primarily used in the construction industry, especially in residential construction, and as underwater cables for motors. The planned cable plant is to be installed in the company's existing production facility by utilizing the excess space of the production plant.
As of July 10, 2024, the company had 98 full-time employees, including employees in the areas of accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality, executives and permanent employees.
Rajputana Industries Limited's revenue increased by 28.11% and profit after tax (PAT) rose by 65.54% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 14,974.81 | 11,781.27 | 10,236.66 |
Revenue | 32,701.29 | 25,524.98 | 24,450.96 |
Profit After Tax | 512.64 | 309.67 | 263.77 |
Net Worth | 3,257.20 | 2,743.85 | 1,712.39 |
Total Borrowing | 2,936.30 | 3,001.61 | 2,537.98 |
Amount in ₹ Lakhs |
The market capitalization of Rajputana Industries IPO is Rs 84.42 Cr.
KPI as of March 31, 2024.
KPI | Values |
---|---|
ROE | 17.09% |
ROCE | 30.28% |
RoNW | 15.74% |
P/BV | 1.79 |
PAT Margin (%) | 1.57 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 3.22 | 2.31 |
P/E (x) | 11.81 | 16.47 |
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is engaged in recycling all sort of scrap in to relevant metals. It is now diversifying in to manufacturing of cables. The segment is competitive and fragmented. However, the company has posted growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the long term. Read detail review...
The Rajputana Industries IPO is subscribed 376.41 times on August 1, 2024 6:19:00 PM. The public issue subscribed 524.61 times in the retail category, 177.94 times in the QIB category, and 417.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 177.94 |
NII | 417.95 |
Retail | 524.61 |
Employee | 2.80 |
Others | 6.67 |
Total | 376.41 |
Total Application : 351,492 (524.61 times)
Listing Date | August 6, 2024 |
BSE Script Code | |
NSE Symbol | RAJINDLTD |
ISIN | INE0PCU01012 |
Final Issue Price | ₹38 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹38.00 |
₹72.20 |
₹72.20 |
₹75.80 |
₹75.80 |
Rajputana Industries Limited
F-269-B,
Road No. 13,
VKIA, Jaipur - 302013
Phone: +91 9588841031
Email: cs@rajputanaindustries.com
Website: http://www.rajputanaindustries.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Rajputana Industries IPO is a SME IPO of 6,285,000 equity shares of the face value of ₹10 aggregating up to ₹23.88 Crores. The issue is priced at ₹36 to ₹38 per share. The minimum order quantity is 3000 Shares.
The IPO opens on July 30, 2024, and closes on August 1, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rajputana Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Rajputana Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajputana Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajputana Industries IPO opens on July 30, 2024 and closes on August 1, 2024.
Rajputana Industries IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
You can apply in Rajputana Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rajputana Industries IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Monday, August 5, 2024. Check the Rajputana Industries IPO allotment status.
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