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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 ₹26.00 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). The minimum lot size investment for 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 Date | September 24, 2018 to September 27, 2018 |
| Listing Date | October 8, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,44,000 shares (aggregating up to ₹4.27 Cr) |
| Reserved for Market Maker | 84,000 shares Share India Securities Ltd. (aggregating up to ₹0.2184 Cr) |
| Net Offered to Public | 15,60,000 shares (aggregating up to ₹4.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 61,44,000 shares |
Rajnandini Metal IPO offers total 16,44,000 shares. Out of which 7,80,000 (47.45%) allocated to NII, 7,80,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.11%) |
| NII (HNI) Shares Offered | 7,80,000 (47.45%) |
| Retail Shares Offered | 7,80,000 (47.45%) |
| Total Shares Offered | 16,44,000 (100.00%) |
Rajnandini Metal IPO opens on September 24, 2018, and closes on September 27, 2018.
| IPO Open Date | Mon, Sep 24, 2018 |
| IPO Close Date | Thu, Sep 27, 2018 |
| Tentative Listing Date | Mon, Oct 8, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 27, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,883.98 | 4,250.62 | 3,437.18 | 3,316.57 | 4,590.35 | 3,830.85 |
| Total Revenue | 14,115.52 | 12,730.96 | 13,654.76 | 10,983.81 | 10,437.12 | 9,010.76 |
| Profit After Tax | 102.87 | 55.21 | 31.62 | 55.41 | 40.74 | 39.07 |
The Company Rajnandini Metal IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 3.50 |
| 2 | General Corporate Purposes | 0.42 |
| 3 | Issue Expenses | 0.35 |
[Dilip Davda] <p>Fully priced issue with inconsistent track record makes it a risky bet. Cash surplus, risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | October 8, 2018 |
| BSE Script Code | |
| NSE Symbol | RAJMET |
| ISIN | INE00KV01014 |
| Final Issue Price | ₹26 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹35.00 |
| Low | ₹33.25 |
| High | ₹35.00 |
| Last Trade | ₹33.25 |
Rajnandini Metal Ltd.
3E/17
B.P.
N.I.T
Faridabad, Haryana, 121001
Phone: 0129-4074043
Email: info@rajnandinimetal.com
Website: http://www.rajnandinimetal.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rajnandini Metal IPO is a SME IPO of 16,44,000 equity shares of the face value of ₹10 aggregating up to ₹4.27 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on September 24, 2018, and closes on September 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 September 24, 2018 and closes on September 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 Monday, October 8, 2018.
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