Rajnandini Metal Limited IPO
NSE SME₹ 208000 /8000 Shares
*Min Investment
24 Sep, 2018
Open Date27 Sep, 2018
Close Date04 Oct, 2018
Allotment Date08 Oct, 2018
Listing DateIPO Issue Details
- Issue Price Rs 26/- Per Equity Share
- Face Value Rs 10 Per Equity Share
- Issue Price Fresh Issue of 16,44,000 Equity Shares of Rs 10/- at a price of Rs 26/- per share aggregating to Rs 4.27 Cr
- Listing at NSE SME
- Lead Manager Corporate Capital Ventures Private Limited
- Registrar Bigshare Services Private Limited
IPO Details
- Retail Portion N/A
IPO Details
Rajnandini Metal Limited IPO is an SME IPO, priced at Rs 26/- Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Sep 24, 2018 to Sep 27, 2018. The allotment is expected to be finalized on Oct 4, 2018, and the tentative listing date is Oct 8, 2018.
The registrar of the IPO is Bigshare Services Private Limited, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 7,80,000 | 7,80,000 | 15,60,000 |
Day 1 24-09-18 | 14,96,000 1.92 x | 20,000 0.03 x | 15,16,000 0.97 x |
Day 2 25-09-18 | 15,64,000 2.01 x | 64,000 0.08 x | 16,28,000 1.04 x |
Day 3 26-09-18 | 18,32,000 2.35 x | 1,24,000 0.16 x | 19,56,000 1.25 x |
Day 4 27-09-18 | 18,56,000 2.38 x | 3,00,000 0.38 x | 21,56,000 1.38 x |
Valuations
IPO - Issue Objectives
To meet out the Working Capital requirements of the Company. ( Rs 3.50 Cr )
General Corporate Purposes. ( Rs 0.42 Cr )
To meet the expenses of the Issue. ( Rs 0.35 Cr )
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| AKG Exim Limited | 1.19 | 20.13 | 8.46% | 112.35 |
| Agro Tech Foods Limited | N/A | N/A | N/A | N/A |
| AuSom Enterprises Limited | N/A | N/A | N/A | N/A |
IPO - FAQs
Ans. Rajnandini Metal Limited IPO is a SME IPO. The issue is priced at Rs 26/- Per Equity Share . The minimum order quantity is 4000 Shares. The IPO opens on Sep 24, 2018, and closes on Sep 27, 2018. Bigshare Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Rajnandini Metal Limited IPO opens on Sep 24, 2018 and closes on Sep 27, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Rajnandini Metal Limited IPO is Fresh Issue of 16,44,000 Equity Shares of Rs 10/- at a price of Rs 26/- per share aggregating to Rs 4.27 Cr.
Ans. The Rajnandini Metal Limited IPO price band is set between Rs 26/- Per Equity Share .
Ans. To apply for Rajnandini Metal Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rajnandini Metal Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Rajnandini Metal Limited IPO is Oct 4, 2018.
Ans. The Rajnandini Metal Limited IPO will be listed on Oct 8, 2018.
Ans. Follow the steps to check the Rajnandini Metal Limited IPO allotment status online.
