Bookbuilding IPO | ₹24 Cr | Listed at NSE SME | Tue, Jul 30, 2024 - Thu, Aug 1, 2024
Rajputana Industries IPO is a book build issue of ₹23.88 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹23.88 crore.
Rajputana Industries IPO bidding started from Jul 30, 2024 and ended on Aug 1, 2024. The allotment for Rajputana Industries IPO was finalized on Aug 2, 2024. The shares got listed on NSE SME on Aug 6, 2024.
Rajputana Industries IPO price band is set at ₹38 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,14,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,28,000.
The issue includes a reservation of up to 30,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Holani Consultants 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 Holani Consultants Pvt.Ltd..
Refer to Rajputana Industries IPO RHP for detailed Information.
IPO Open
Tue, Jul 30, 2024
IPO Close
Thu, Aug 1, 2024
Issue Price
₹38 per share
Market Cap (Pre-IPO)
₹84.42 Cr
| IPO Date | 30 Jul to 1 Aug, 2024 |
| Listed on | Tue, Aug 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹38 |
| Issue Price | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 62,85,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 3,60,000 shares Holani Consultants Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 59,25,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 59,25,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,59,30,000 shares |
| Share Holding Post Issue | 2,22,15,000 shares |
| NSE Symbol | RAJINDLTD |
| ISIN | INE0PCU01012 |
Rajputana Industries IPO comprises a total issue size of 62,85,000 shares. The net offer to the public is 58,95,000 shares, after excluding 3,60,000 shares allotted on a firm basis and 30,000 shares under a preferential allotment. Of the Net offer 26,85,000 (47.99%) are allocated to QIB, 9,00,000 (16.09%) allocated to NII 20,10,000 (35.92%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,85,000 | 47.99% | 42.72% |
| − Anchor Investor Shares Offered | 16,11,000 | 25.63% | |
| − QIB (Ex. Anchor) Shares Offered | 10,74,000 | 17.09% | |
| NII (HNI) Shares Offered | 9,00,000 | 16.09% | 14.32% |
| Retail Shares Offered | 20,10,000 | 35.92% | 31.98% |
| Preferential Reservations | |||
| Employee Shares Offered | 30,000 | 0.48% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,60,000 | 5.73% | |
| Total Shares Offered | 62,85,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
Rajputana Industries IPO raises ₹6.12 crore from anchor investors. Rajputana Industries IPO Anchor bid date is July 29, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 29, 2024 |
| Shares Offered | 16,11,000 |
| Anchor Portion (₹ Cr.) | 6.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 31, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Rajputana Industries Limited was established in 2011 and manufactures a wide range of non-ferrous metal products in copper, aluminium, 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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 149.75 | 117.81 | 102.37 |
| Total Income | 327.01 | 255.25 | 244.51 |
| Profit After Tax | 5.13 | 3.10 | 2.64 |
| NET Worth | 32.57 | 27.44 | 17.12 |
| Total Borrowing | 29.36 | 30.02 | 25.38 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Working capital requirements of our Company | 14.00 |
| 2 | Purchase of Grid Solar Power Generating System; and | 4.50 |
| 3 | General corporate purposes | 2.81 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 17.09% |
| ROCE | 30.28% |
| RoNW | 15.74% |
| PAT Margin | 1.57% |
| Price to Book Value | 1.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.22 | 2.31 |
| P/E (x) | 11.81 | 16.47 |
| Promoter Holding | 92.15% | 66.08% |
| Market Cap | ₹84.42 Cr. |
The Rajputana Industries IPO is subscribed 376.41 times on August 1, 2024 6:19:00 PM (Day 3). The public issue subscribed 524.61 times in the retail category, 177.94 times in the QIB category, and 417.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 177.94 | 10,74,000 | 19,11,12,000 |
| NII* | 417.95 | 9,00,000 | 37,61,58,000 |
| Retail | 524.61 | 20,10,000 | 1,05,44,76,000 |
| Employee | 2.8 | 30,000 | 84,000 |
| Others | 6.67 | 3,00,000 | 20,01,000 |
| Total | 376.41 | 43,14,000 | 1,62,38,31,000 |
Total Application : 3,51,492
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 1.60 |
| 2 | Brokerage, selling commission and upload fees | 0.03 |
| 3 | Advertising and marketing expenses | 0.24 |
| 4 | Fees payable to the Legal Advisors | 0.02 |
| 5 | Fees payable to the Registrar to the Issue | 0.10 |
| 6 | Fees payable to the to the Regulators including stock exchanges | 0.41 |
| 7 | Printing and distribution | 0.03 |
| 8 | Others (bankers to the Issue, auditor’s fees etc.) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹72.20 |
| Low | ₹72.20 |
| High | ₹75.80 |
| Last Trade | ₹75.80 |
Lead Manager Reports
Rajputana Industries IPO is a SME IPO of 62,85,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Jul 30, 2024, and closes on Thu, Aug 1, 2024.
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 Rajputana Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Rajputana Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajputana Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajputana Industries IPO opens on Tue, Jul 30, 2024 and closes on Thu, Aug 1, 2024.
Rajputana Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,14,000.
You can apply in Rajputana Industries 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 Rajputana Industries IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Mon, Aug 5, 2024. Check the Rajputana Industries IPO allotment status.
The Rajputana Industries IPO listing date is on Tue, Aug 6, 2024.
