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 Date | Jul 30, 2024 |
IPO Closing Date | Aug 01, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹36 - 38 per equity share |
Market Lot | 3000 Shares |
Min Order Quantity | 3000 Shares |
Listing At | NSE SME |
Issue Size | ₹23.88 Cr |
Fresh Issue | 6,285,000 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 Date | Jul 30, 2024 |
IPO Close Date | Aug 01, 2024 |
Basis of Allotment Date | Aug 02, 2024 |
Initiation of Refunds | Aug 05, 2024 |
Credit of Shares to Demat Account | Aug 05, 2024 |
IPO Listing Date | Aug 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 3000 | ₹114000 |
Maximum | 1 | 3000 | ₹114000 |
IPO Promoter Holding
Pre Issue Share Holding | 92.15% |
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:
- Funding the Working capital requirements of the company;
- Purchase of Grid Solar Power Generating System; and
- 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