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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 ₹38.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,08,000 (3000 shares). The minimum lot size investment for 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 Date | July 30, 2024 to August 1, 2024 |
| Listing Date | August 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹38 per share |
| Issue Price Final | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 62,85,000 shares (aggregating up to ₹23.88 Cr) |
| Reserved for Market Maker | 3,60,000 shares Holani Consultants Pvt.Ltd. (aggregating up to ₹1.37 Cr) |
| Net Offered to Public | 59,25,000 shares (aggregating up to ₹22.52 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,59,30,000 shares |
| Share Holding Post Issue | 2,22,15,000 shares |
Rajputana Industries IPO offers total 62,85,000 shares. Out of which 26,85,000 (42.72%) allocated to QIB, 10,74,000 (17.09%) allocated to QIB, 9,00,000 (14.32%) allocated to NII, 20,10,000 (31.98%) allocated to RII and 16,11,000 (25.63%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,60,000 (5.73%) |
| QIB Shares Offered | 26,85,000 (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 (14.32%) |
| Retail Shares Offered | 20,10,000 (31.98%) |
| Employee Shares Offered | 30,000 (0.48%) |
| Shareholders Shares Offered | 3,00,000 (4.77%) |
| Total Shares Offered | 62,85,000 (100.00%) |
| 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 IPO raises ₹6.12 crore from anchor investors. Rajputana Industries IPO Anchor bid date is July 29, 2024. Rajputana Industries IPO Anchor Investors list
| Bid Date | July 29, 2024 |
| Shares Offered | 16,11,000 |
| Anchor Portion Size (In Cr.) | 6.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2024 |
Rajputana Industries IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tue, Jul 30, 2024 |
| IPO Close Date | Thu, Aug 1, 2024 |
| Tentative Allotment | Fri, Aug 2, 2024 |
| Initiation of Refunds | Mon, Aug 5, 2024 |
| Credit of Shares to Demat | Mon, Aug 5, 2024 |
| Tentative Listing Date | Tue, Aug 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 1, 2024 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Rajputana Industries Limited's revenue increased by 28.11% and profit after tax (PAT) rose by 65.54% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14,974.81 | 11,781.27 | 10,236.66 |
| Total Income | 32,701.29 | 25,524.98 | 24,450.96 |
| Profit After Tax | 512.64 | 309.67 | 263.77 |
| Net Worth | 3,257.20 | 2,743.85 | 1,712.39 |
| Total Borrowing | 2,936.30 | 3,001.61 | 2,537.98 |
| Amount in ₹ Lakhs | |||
The market capitalization of Rajputana Industries IPO is ₹84.42 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 17.09% |
| ROCE | 30.28% |
| RoNW | 15.74% |
| PAT Margin | 1.57% |
| Price to Book Value | 1.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.22 | 2.31 |
| P/E (x) | 11.81 | 16.47 |
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is engaged in recycling all sort of scrap in to relevant metals. It is now diversifying in to manufacturing of cables. The segment is competitive and fragmented. However, the company has posted growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the long term. Read detail review...
| Listing Date | August 6, 2024 |
| BSE Script Code | |
| NSE Symbol | RAJINDLTD |
| ISIN | INE0PCU01012 |
| Final Issue Price | ₹38 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹72.20 |
| Low | ₹72.20 |
| High | ₹75.80 |
| Last Trade | ₹75.80 |
Rajputana Industries Ltd.
F-269-B,
Road No. 13,
VKIA, Jaipur -
Jaipur, Rajasthan, 302013
Phone: +91 9588841031
Email: cs@rajputanaindustries.com
Website: http://www.rajputanaindustries.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rajputana Industries IPO is a SME IPO of 62,85,000 equity shares of the face value of ₹10 aggregating up to ₹23.88 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on July 30, 2024, and closes on August 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 July 30, 2024 and closes on August 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 Monday, August 5, 2024. Check the Rajputana Industries IPO allotment status.
The Rajputana Industries IPO listing date is on Tuesday, August 6, 2024.
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