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Rajputana Industries Limited IPO Detail

Rajputana Industries Limited IPO Detail

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.

Company Promoters

The company's promoters are M/s Shera Energy Limited, M/s Isha Infrapower Private Limited, Mrs. Shivani Sheikh, and Mr. Sheikh Naseem.

IPO Details

IPO Opening DateJul 30, 2024
IPO Closing DateAug 01, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹36 - 38 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size₹23.88 Cr
Fresh Issue6,285,000 shares (aggregating up to ₹23.88 Cr)
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 3.71x 0.00x 0.00x 13.55x 36.44x 20.73x
Day 2 4.32x 0.00x 0.00x 53.19x 150.96x 82.53x
Day 3 177.94x 0.00x 0.00x 417.95x 524.61x 375.95x

IPO Tentative Timetable

The Rajputana Industries Limited IPO open date is Jul 30, 2024, and the close date is Aug 01, 2024. The issue may list on Aug 06, 2024.

IPO Open DateJul 30, 2024
IPO Close DateAug 01, 2024
Basis of Allotment DateAug 02, 2024
Initiation of RefundsAug 05, 2024
Credit of Shares to Demat AccountAug 05, 2024
IPO Listing DateAug 06, 2024

IPO Lot Size

The Rajputana Industries Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹114000
Maximum13000₹114000

IPO Promoter Holding

Pre Issue Share Holding92.15%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-24 14974.81 32701.29 512.64
31-Mar-23 11781.27 25524.98 309.67
31-Mar-22 10236.66 24450.96 263.77

Objects of the Issue:

The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. Funding the Working capital requirements of the company;
  2. Purchase of Grid Solar Power Generating System; and
  3. General corporate purposes.

Rajputana Industries Limited IPO Registrar:

Bigshare Services Pvt Ltd

Rajputana Industries Limited IPO Lead Manager(s):

Holani Consultants Private Limited

Company Contact Information:

Rajputana Industries Limited

F-269-B, Road No. 13, VKIA

Jaipur

Rajasthan