Rajputana Industries Limited IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Jul 24 – 1 Aug 24 | ₹1,08,000 | 3,000 | ₹36 – ₹38 |
Issue Size | IPO Doc |
|---|---|
| 23.88Cr | RHP PDF |
About Rajputana Industries Limited
| Founded in | 2021 |
| Managing director | Mrs. Shivani Sheikh |
| Parent organisation | Rajputana Industries Ltd |
Rajputana Industries Ltd, established in 2011, specializes in producing non-ferrous metal products, including copper, aluminum, brass, and various alloys sourced from recycled scrap metal. The company acquires scrap metal from the open market, processes it into metal billets such as aluminum, copper, and brass at its in-house facility in Sikar, Rajasthan. The company either sell these billets directly to various manufacturing companies or use them internally to create finished products.
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The product range of Rajputana Industries includes copper rods, aluminum rods, copper mother tubes, brass wires, and super-enameled copper conductors, among others. The company manufacture these products in various shapes and sizes to meet specific market demands.
To diversify its offerings, Rajputana Industries is venturing into the production of cables used primarily in the construction industry, including residential buildings and underwater motor applications. This new production line will be set up in the existing facility, utilizing the available space.
As of July 10, 2024, the company employs 98 full-time staff, covering areas such as accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality assurance, and executive roles.
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IPO Details
Rajputana Industries is launching an IPO to raise Rs 23.88 crores through a fresh issue of 62.85 lakh shares. The IPO subscription start from July 30, 2024, to August 1, 2024, with the allotment expected to be finalized on August 2, 2024. The shares are slated to list on the NSE SME on August 6, 2024.
The IPO price band is set between ₹36 and ₹38 per share, and the minimum application size is 3,000 shares, requiring an initial investment of ₹114,000 for retail investors. For High Net Worth Individuals (HNIs), the minimum investment is two lots, or 6,000 shares, amounting to ₹228,000.
Holani Consultants Private Limited is the lead manager for the IPO, and Bigshare Services Pvt Ltd is the registrar. Holani Consultants also serve as the market maker for this IPO.
For comprehensive details, refer to the Rajputana Industries IPO RHP.
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Financial Information
Rajputana Industries Limited experienced a 28.11% growth in revenue and a significant 65.54% increase in profit after tax (PAT) between the fiscal years ending 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 |
| Revenue | 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 | |||
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IPO Timeline
The Rajputana Industries IPO will be open for subscription from July 30, 2024, to August 1, 2024.
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
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IPO FAQs
The Rajputana Industries IPO opens for subscription on July 30, 2024, and closes on August 1, 2024.
The Rajputana Industries IPO has set the price band between ₹36 and ₹38 per share.
The minimum lot size for the IPO is 3,000 shares, requiring a minimum investment of ₹114,000.
We expect to finalize the allotment for the IPO on August 2, 2024.
Holani Consultants Private Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar for the IPO.
