Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Mon, Sep 24, 2018 - Thu, Sep 27, 2018
Rajnandini Metal IPO is a fixed price issue of ₹4.27 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹4.27 crore.
Rajnandini Metal IPO bidding started from Sep 24, 2018 and ended on Sep 27, 2018. The shares got listed on NSE SME on Oct 8, 2018.
Rajnandini Metal IPO price is ₹26 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Rajnandini Metal IPO RHP for detailed Information.
IPO Open
Mon, Sep 24, 2018
IPO Close
Thu, Sep 27, 2018
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹15.97 Cr
| IPO Date | 24 to 27 Sep, 2018 |
| Listed on | Mon, Oct 8, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,44,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 84,000 shares Share India Securities Ltd. (agg. up to ₹0.2184 Cr) |
| Fresh Issue (Ex Market Maker) | 15,60,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 15,60,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 61,44,000 shares |
| NSE Symbol | RAJMET |
| ISIN | INE00KV01014 |
Rajnandini Metal IPO comprises a total issue size of 16,44,000 shares. The net offer to the public is 15,60,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,80,000 (50.00%) allocated to NII 7,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,80,000 | 50.00% | 47.45% |
| Retail Shares Offered | 7,80,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.11% | |
| Total Shares Offered | 16,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Incorporated in 2010, Haryana based Rajnandini Metal Limited is a company engaged in the business of trading of covers base / primary metals, secondary metals & alloys, minor metals, ferroalloys, all ferrous & non-ferrous scraps, recyclable plastic scraps, steel products, and alloying additives for smelters and foundries.
The company operates as an intermediary in the Metals Supply Chain whereby it imports/purchases materials from various suppliers and supply the same to its customers in the Metal Business.
The company has 11 employees on its payroll.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 3.50 |
| 2 | General Corporate Purposes | 0.42 |
| 3 | Issue Expenses | 0.35 |
The Rajnandini Metal IPO is subscribed 1.38 times on September 27, 2018 6:30:01 PM (Day 4). The public issue subscribed 0.38 times in the retail category, [.] times in the QIB category, and 2.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.38 | 7,80,000 | 18,56,000 |
| Retail | 0.38 | 7,80,000 | 3,00,000 |
| Total | 1.38 | 15,60,000 | 21,56,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.22 |
| 2 | Regulatory fees and Other Expenses | 0.08 |
| 3 | Marketing and Advertising Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹35.00 |
| Low | ₹33.25 |
| High | ₹35.00 |
| Last Trade | ₹33.25 |
Lead Manager Reports
Rajnandini Metal IPO is a SME IPO of 16,44,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Sep 24, 2018, and closes on Thu, Sep 27, 2018.
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 Rajnandini Metal IPO using UPI as a payment gateway. Zerodha customers can apply in Rajnandini Metal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajnandini Metal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajnandini Metal IPO opens on Mon, Sep 24, 2018 and closes on Thu, Sep 27, 2018.
Rajnandini Metal IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Rajnandini Metal IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rajnandini Metal IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rajnandini Metal IPO allotment status.
The Rajnandini Metal IPO listing date is on Mon, Oct 8, 2018.
