Rajputana Industries Limited manufactures a wide range of non-ferrous metal products in copper, aluminum, brass, and various alloys from recycled scrap metal.
The company manufactures billets of metals such as aluminum, 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 IPO – Details
| IPO Opening Date | 30 July 2024 |
| IPO Closing Date | 01 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 62,85,000 Shares Worth ₹23.88 Crore Fresh Issue: 62,85,000 Shares Worth ₹23.88 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 – ₹38 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Rajputana Industries IPO – Date Schedule
| IPO Open Date | 30 July 2024 |
| IPO Close Date | 01 August 2024 |
| Basis of Allotment | 02 August 2024 |
| Initiation of Refund | 05 August 2024 |
| Credit of Shares to Demat Account | 05 August 2024 |
| IPO Listing Date | 06 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 01, 2024 |
Rajputana Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,14,000 |
| Retail (Max) | 1 | 3000 | ₹1,14,000 |
| HNI (Min) | 2 | 6000 | ₹2,28,000 |
Competitive Strengths
- Experienced senior management team and qualified workforce.
- Long standing relationships with existing clientele.
- Focus on Quality.
- Established Manufacturing facility.
- Innovative Ideas.
- Industry Knowledge and Expertise.
Company Promoters
- M/s Shera Energy Limited
- M/s Isha Infrapower Private Limited
- Mrs. Shivani Sheikh
- Mr. Sheikh Naseem
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 244.50 | 240.97 | 2.63 | 25.37 |
| 31 March 2023 | 255.24 | 251.06 | 3.09 | 30.01 |
| 31 March 2024 | 327.01 | 320.14 | 5.12 | 29.36 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.09% |
| ROCE | 30.28% |
| RoNW | 15.74% |
| P/BV | 1.79 |
| PAT Margin (%) | 1.57 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.22 | 2.31 |
| P/E (x) | 11.81 | 16.47 |
Object Of The Issue
- Funding the Working capital requirements of the company;
- Purchase of Grid Solar Power Generating System; and
- General corporate purposes.
Rajputana Industries IPO Promoter Holding
| Pre Issue Share Holding | 92.15% |
| Post Issue Share Holding | – |
Rajputana Industries IPO Prospectus
Company Contact Information
| Rajputana Industries Limited F-269-B,Road No. 13, VKIA, Jaipur – 302013 Phone: +91 9588841031 Email: cs@rajputanaindustries.com Website: http://www.rajputanaindustries.com/ |
Rajputana Industries IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Rajputana Industries IPO Lead Manager(s)
| 1. Holani Consultants Private Limited |
Rajputana Industries IPO FAQs
| What is Rajputana Industries IPO? Rajputana Industries IPO is a SME IPO. The issue is priced at ₹36 and ₹38 per equity share. The IPO is to be listed on NSE SME. |
| When Rajputana Industries IPO will open? The IPO is to open on 30 July 2024 for QIB, NII, and Retail Investors. |
| What is Rajputana Industries IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Rajputana Industries IPO? You can apply Rajputana Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rajputana Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rajputana Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rajputana Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rajputana Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rajputana Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rajputana Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rajputana Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rajputana Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rajputana Industries IPO Size? Rajputana Industries IPO size is ₹23.88 Crore. |
| What is Rajputana Industries IPO Price Band? Rajputana Industries IPO Price Band is ₹36 – ₹38. |
| What is Rajputana Industries IPO Minimum and Maximum Lot Size for retail? The minimum bid is 3000 Shares with ₹1,14,000 amount while the maximum bid is 3000 Shares with ₹1,14,000. |
| What is the Rajputana Industries IPO Allotment Date? Rajputana Industries IPO allotment date is 02 August 2024. |
| What is the Rajputana Industries IPO Listing Date? Rajputana Industries IPO listing date is 06 August 2024. The IPO is to be listed on NSE SME. |
