Rajputana Industries Limited IPO
NSE SMEListed On: Aug 6, 2024 at ₹ 72.2
₹ 228000 /6000 Shares
*Min Investment
30 Jul, 2024
Open Date01 Aug, 2024
Close Date02 Aug, 2024
Allotment Date06 Aug, 2024
Listing DateRajputana Industries Limited IPO Issue Details
- Issue Price ₹36-38 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 62,85,000 shares(aggregating up to ₹23.88 crore)
- Fresh Share 62,85,000 shares(aggregating up to ₹23.88 crore)
- Listing at NSE SME
- List Price 72.2
- Listing Date 2024-08-06
- Lead Manager Holani Consultants Private Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following 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 | ₹1,14,000 |
| Retail(max) | 1 | 3000 | ₹1,14,000 |
| NII (min) | 2 | 6,000 | ₹2,28,000 |
Rajputana Industries Limited IPO Reservation
Rajputana Industries Limited IPO offers total 62,85,000 shares. Out of which 10,74,000 (17.09%) allocated to QIB, 9,00,000 (14.32%) allocated to NII,20,10,000 (31.98%) allocated to RII, NA (NA%) allocated to employees and 16,11,000 (25.63%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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%) | |
| Total Shares Offered | 62,85,000 (100%) |
Rajputana Industries Limited IPO Details
Rajputana Industries Limited IPO is an SME IPO, priced at ₹36-38 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 62,85,000 equity shares, aggregating up to ₹23.88 crores..
The IPO bidding window is open from Jul 30, 2024 to Aug 1, 2024. The allotment is expected to be finalized on Aug 2, 2024, and the tentative listing date is Aug 6, 2024.
The minimum lot size for retail investors is 3000 shares, with a minimum investment of ₹1,14,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,28,000.
Holani Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Holani Consultants Private Limited will act as the market maker for this issue.
Rajputana Industries Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,074,000 / 900,000 | 2,010,000 | 4,314,000 |
Day 1 30-07-24 06:00 PM | 3.71 / 13.55 x | 36.44 x | 20.73 x |
Day 2 31-07-24 06:00 PM | 4.32 / 53.19 x | 150.96 x | 82.53 x |
Day 3 01-08-24 06:00 PM | 177.94 / 418.35 x | 524.61 x | 375.95 x |
Rajputana Industries Limited Valuations
Rajputana Industries Limited Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 |
About Rajputana Industries Limited Company
Rajputana Industries Limited was established in the year 2011. The company produces various non-ferrous metal products in copper, aluminum, brass, and several alloys from recycled scrap metal.
The company produces billets of metals like aluminum, copper, or brass, etc. by recycling scrap metal bought from open markets. The billets are prepared by recycling at the company's own manufacturing facility in Sikar, Rajasthan. Such billets are sold to different manufacturing companies, or the company itself manufactures copper rods, aluminum rods, copper mother tubes, brass wires, super-enameled copper conductors, and many others. The shape and size of these wires, tubes, rods, billets, and bars vary according to the needs of their customers or to the current demand in the market.
To expand its product portfolio, the company is venturing into the manufacture of cables. Cable is primarily used in the construction industry, particularly in the production of houses, and as submersible cables for motors. The proposed cable plant will thus be built in the existing production facility of the company by utilizing the excess space of the production plant.
As of July 10, 2024, the company has 98 full-time employees, comprising employees in the accounting and finance area, compliance, maintenance, marketing and logistics, production and operations, quality, executives and permanent employees.
Rajputana Industries Limited - Promoter(s)
M/s Shera Energy Limited
M/s Isha Infrapower Private Limited
Mrs. Shivani Sheikh
Mr. Sheikh Naseem
Pre Issue Share Holding : 92.15%
Post Issue Share Holding : %
Rajputana Industries Limited IPO - Issue Objectives
Funding the Working capital requirements of the company
Purchase of Grid Solar Power Generating System
General corporate purposes.
Rajputana Industries Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Rajputana Industries Limited | 3.34 | 3.34 | 21.25 | N/A | 15.74 | N/A | N/A |
| Nupur Recyclers Limited | 1.54 | 1.54 | 12.48 | 62.14 | 12.32 | N/A | Standalone |
| Baheti Recycling Industries Limited | 6.94 | 6.94 | 40.15 | 40.2 | 17.3 | N/A | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on July 11, 2024, on the National Stock Exchange of India Limited, divided by the Diluted EPS.
- For listed peers, RoNW is computed as profit after tax for the year ended March 31, 2024, divided by Total equity net of minority interest.
- Total Equity is computed as the sum of paid-up share capital and other equity.
- NAV per share is computed as the closing net worth divided by the equity shares outstanding as of March 31, 2024.
- Considering the nature and size of the company's business, its peers are not strictly comparable. However, the above companies have been included for broad comparison.
Contact Details
Rajputana Industries Limited
F-269-B, Road No. 13, VKIA, Jaipur - 302013
+91 9588841031
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Rajputana Industries Limited IPO - FAQs
Ans. Rajputana Industries Limited IPO is a SME IPO. The issue is priced at ₹36-38 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Jul 30, 2024, and closes on Aug 1, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Rajputana Industries Limited IPO opens on Jul 30, 2024 and closes on Aug 1, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Rajputana Industries Limited IPO is 6,285,000 shares(aggregating up to ₹23.88 Cr).
Ans. The Rajputana Industries Limited IPO price band is set between ₹36-38 per equity share.
Ans. To apply for Rajputana Industries Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rajputana Industries 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 Rajputana Industries Limited IPO is Aug 2, 2024.
Ans. The Rajputana Industries Limited IPO will be listed on Aug 6, 2024.
Ans. Follow the steps to check the Rajputana Industries Limited IPO allotment status online.
