Rajputana Industries was incorporated on June 13, 2011. The company is engaged in the business of manufacturing of diverse range of non-ferrous metal products primarily Copper, Aluminium, Brass, and various alloys from the recycling of scrap metal.
| Bidding Dates |
|---|
| 30 Jul 2024 - 01 Aug 2024 |
| Subscription |
|---|
| 347.49x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 6.3 M | ₹36 - ₹38 | 66.08 % | ₹226.3 M - ₹238.8 M | RHP DOC |
Rajputana Industries IPO SUBSCRIPTION STATUS
01 Aug '24Rajputana Industries IPO overall subscription rate was 347.49 times the total available shares
Rajputana Industries IPO retail subscription rate was 644.58 times in the retail segment
Rajputana Industries IPO non-institutional investor subscription rate was 540.01 times in the non-institutional investor category
Rajputana Industries IPO Qualified Institutional Bidder subscription rate was 81.78 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Aug 2024 (Day 3) | 644.58x | 540.01x | 81.78x |
31 Jul 2024 (Day 2) | 181.35x | 69.94x | 1.99x |
30 Jul 2024 (Day 1) | 43.24x | 17.73x | 1.7x |
Rajputana Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 51.3 | 3,265.1 | 175.5 | 175.5 | 5.6% |
| FY23 | 31.0 | 2,546.7 | -33.8 | -33.8 | 5.1% |
| FY22 | 26.4 | 2,443.5 | 88.2 | 88.2 | 4.9% |
Rajputana Industries IPO SUBSCRIPTION STATUS DETAILS
Rajputana Industries had 6.3 M shares on offer
Rajputana Industries IPO offer price was in the range ₹36 - ₹38
Rajputana Industries IPO minimum Investment was ₹108000
Rajputana Industries IPO issue size was ₹ 226.3 M - ₹ 238.8 M
Rajputana Industries had a minimum lot size of 3000 Shares per application
Rajputana Industries NUMBER OF SHARES ON OFFER
Rajputana Industries IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2024 |
| Issue close Date | 01 Aug 2024 |
| Allotment Date | 02 Aug 2024 |
| Refund Date | 05 Aug 2024 |
| Demat Account Credit Date | 05 Aug 2024 |
| Listing Date | 06 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Rajputana Industries Allotment Status | Exchange |
Rajputana Industries IPO subscription opened on 30 Jul 2024, and closed on 01 Aug 2024
IPO allotment for Rajputana Industries was finalized on Friday, 02 Aug 2024
IPO listing for Rajputana Industries was on NSE on Tuesday, 06 Aug 2024
Rajputana Industries IPO LISTING GAINS
| Issue Price (adjusted) | 38.0 |
| Listing Open Price | 72.2 |
| Listing Close Price | 75.8 |
| Listing Gain% | 90.0% |
| Current Gain% | 86.7% |
Rajputana Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rajputana Industries Ltd. | 71 | 157.6 | 12.9 | 0.3 | 0.2 | 16 | 4.9 | 698.9 | 26.4 | 12.2 | 47.9 | 5.5 | 49.5 |
| Hindustan Zinc Ltd. | 603 | 254786.7 | 14.9 | 0.2 | 5.4 | 61.1 | 32.6 | 41934 | 19.6 | 13832 | 33.6 | 40.4 | 66.6 |
| Gravita India Ltd. | 1732.1 | 12784.4 | 32.6 | 2.1 | 2.7 | 15.4 | 11.1 | 4342.2 | 9.1 | 378.8 | 21.3 | 53.1 | 15.8 |
| Jain Resource Recycling Ltd. | 308.4 | 10642.4 | 29.6 | 1 | 22.3 | 10.3 | 9571.5 | 33.6 | 348.8 | 55.5 | 10.4 | ||
| Pondy Oxides & Chemicals Ltd. | 481.7 | 3674.3 | 25.8 | 0.3 | 1.1 | 16.7 | 13.4 | 2964 | 43.9 | 131.9 | 127.1 | 18.7 | 102.9 |
| Nile Ltd. | 1551.8 | 465.8 | 7.3 | 0.2 | 0.4 | 17.5 | 15.6 | 1044.6 | 13.6 | 55.3 | 52 | 211.3 | 47 |
Rajputana Industries INFORMATION ON IPO ISSUE
About Rajputana Industries
Rajputana Industries was incorporated on June 13, 2011. The company is engaged in the business of manufacturing of diverse range of non-ferrous metal products primarily Copper, Aluminium, Brass, and various alloys from the recycling of scrap metal.
Object of the Issue
- Funding the working capital requirements of the Company
- Purchase of Grid Solar Power Generating System
- General corporate purposes
Rajputana Industries - PROMOTERS
| Name |
|---|
| Shivani Sheikh |
| Sheikh Naseem |
| Shera Energy Limited |
| Isha Infrapower Private Limited |
Rajputana Industries Lead Manager of the Issue
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Rajputana Industries Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Rajputana Industries Strengths
Relationships with existing clientele
The company prioritises establishing enduring client relationships. The top five customer groups spans more than a decade, reflecting their commitment to quality and robust designing and tooling capabilities.
Product Enhancement and Quality Focus
The company's primary focus is on enhancing its existing product base and maintaining high-quality, safety-compliant offerings. This strategy aims to secure customer retention and drive repeat orders.
Investment in infrastructure and technology
The company has upgraded machinery and equipment with modern technology and aims to continue upgrading and modernizing its infrastructure and technology to sustain growth in the future
Rajputana Industries Risks
Faces competition
The company's competitors may have longer industry experience and greater financial, technical, and other resources, which may enable them to react faster in changing market scenarios and remain competitive.
Depenedent on fews suppliers
The company is highly dependent upon a limited number of suppliers. Any failure of their suppliers to deliver products in the necessary quantities may adversely affect the business and its ability to deliver orders on time at the desired level of quality.
IPO FAQs
The promoters of the company are Shivani Sheikh, Sheikh Naseem, Shera Energy Limited and Isha Infrapower Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 36.0 - 38.0.
The IPO application opens on Jul 30, 2024 and closes on Aug 01, 2024.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 114,000.0.
This IPO will be allotted on Aug 02, 2024.
The refund will be credited to your account on Aug 05, 2024.
The allotted shares will be credited to your demat on Aug 05, 2024.
Rajputana Industries Ltd.’s shares listed on the stock exchanges on Aug 06, 2024.