Rajputana Industries IPO Details: The Rajputana Industries IPO is scheduled to open on July 30 and close on August 1. This NSE SME IPO aims to raise ₹23.88 crores, with a price band set between ₹36 and ₹38 per share and a market lot of 3,000 shares.
Rajputana Industries Limited specializes in manufacturing a wide range of non-ferrous metal products, primarily from copper, aluminum, brass, and various alloys, through the recycling of scrap metal. The company sources scrap metal from open markets and converts it into billets of metals like aluminum, copper, or brass at its in-house manufacturing facility located at SP-3, SKS Industrial Area, Reengus Extension, Sikar, Rajasthan. These billets are either sold to other manufacturing companies or used to produce products such as copper rods, aluminum rods, copper mother tubes, brass wires, and super-enameled copper conductors, among others. The company manufactures these wires, tubes, bars, billets, and rods in various shapes and sizes according to customer requirements and market demand.
In recent years, Rajputana Industries has grown into a leading organization in the field of wires, tubes, bars, and rods made from various non-ferrous metals, serving numerous applications. To expand its product portfolio, the company is venturing into cable manufacturing, focusing on cables for the construction industry, including residential and submersible cables for motors. This new cable plant will be set up within the existing manufacturing facility at SP-3, RIICO Industrial Area, Reengus, Sikar, utilizing surplus space in the facility.
Rajputana Industries IPO Objectives:
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding the Working capital requirements of the company;
- Purchase of Grid Solar Power Generating System; and
- General corporate purposes.
Rajputana Industries IPO Review (Apply or Not)
- Update soon
Rajputana Industries IPO Date & Price Band Details:
| IPO Open: | July 30, 2024 |
| IPO Close: | August 1, 2024 |
| IPO Size: | Approx ₹23.88 Crores, 6,285,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 to ₹38 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Rajputana Industries IPO Lot Size:
The Rajputana Industries IPO is scheduled to open on July 30 and close on August 1. This NSE SME IPO aims to raise ₹23.88 crores, with a price band set between ₹36 and ₹38 per share. The minimum market lot is 3,000 shares, requiring an application amount of ₹114,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹114,000 |
| Retail Maximum | 1 | 3000 | ₹114,000 |
| S-HNI Minimum | 2 | 6000 | ₹114,000 |
Rajputana Industries IPO Timeline:
The Rajputana Industries IPO will open on July 30 and close on August 1. The allotment of shares is scheduled for August 2, with the possibility of listing on August 6.
| IPO Open Date: | July 30, 2024 |
| IPO Close Date: | August 1, 2024 |
| Basis of Allotment: | August 2, 2024 |
| Refunds: | August 5, 2024 |
| Credit to Demat Account: | August 5, 2024 |
| IPO Listing Date: | August 6, 2024 |
Rajputana Industries IPO GMP Today:
The last Grey Market Premium (GMP) for Rajputana Industries SME IPO is ₹40. With a price band set at ₹38, the estimated listing price is ₹78 (cap price plus today’s GMP). This suggests an expected gain of approximately 105.26% per share.
Rajputana Industries Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹244.51 | ₹240.98 | ₹2.64 |
| 2023 | ₹255.25 | ₹251.06 | ₹3.10 |
| 2024 | ₹327.01 | ₹320.14 | ₹5.13 |
Rajputana Industries IPO Valuation – FY2024
Check Rajputana Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.34 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 15.74% |
| Net Asset Value (NAV): | ₹21.25 per Equity Share |
Peer Group
- Nupur Recyclers Limited
- Baheti Recycling Limited
Company Promoters
- M/s Shera Energy Limited
- M/s Isha Infrapower Private Limited
- Mrs. Shivani Sheikh
- Mr. Sheikh Naseem.
Rajputana Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Rajputana Industries IPO Allotment Status
Check Rajputana Industries IPO allotment status on Bigshare website URL. Click Here
Rajputana Industries IPO Lead Managers aka Merchant Bankers
- Holani Consultants Private Limited
Company Address
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 FAQs
1. What are the IPO dates for Rajputana Industries?
The Rajputana Industries IPO opens on July 30 and closes on August 1, 2024.
2. What is the price band for the Rajputana Industries IPO?
The price band for the IPO is set between ₹36 and ₹38 per share.
3. What is the minimum market lot for the IPO?
The minimum market lot for the Rajputana Industries IPO is 3,000 shares.
4. How much is the application amount for the Rajputana Industries IPO?
The application amount for the minimum market lot is ₹114,000.
5. When is the allotment date for the IPO?
The IPO share allotment date is August 2, 2024.
6. When is the expected listing date for Rajputana Industries IPO?
The shares are expected to list on August 6, 2024.
7. What is the Grey Market Premium (GMP) for the IPO?
As of July 26, 2024, the last reported GMP for the IPO is ₹40.
8. What is the estimated listing price of the IPO?
Based on the current GMP, the estimated listing price is ₹78 per share.
9. What is the expected percentage gain or loss per share?
The expected gain per share is approximately 105.26%.
10. Where can I apply for the Rajputana Industries IPO?
Investors can apply for the IPO through their broker’s online platform or through banks offering ASBA (Application Supported by Blocked Amount) services.
11. What are the business activities of Rajputana Industries?
Rajputana Industries specializes in manufacturing non-ferrous metal products such as copper, aluminum, and brass, primarily from recycled scrap metal. They also plan to enter the cable manufacturing sector.
12. Where is Rajputana Industries located?
The company’s manufacturing facility is located in the SKS Industrial Area, Reengus Extension, Sikar, Rajasthan.
