Rajputana Industries is scheduled to hit the market on July 30, 2024 and close on August 01, 2024. Rajputana Industries plans to raise around ₹23.88 Cr through an IPO with a sale of up to 6,285,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Rajputana Industries Limited, established in 2011, specializes in manufacturing a diverse range of non-ferrous metal products, including copper, aluminum, brass, and various alloys sourced from recycled scrap metal. The company processes this scrap into billets at its facility in Sikar, Rajasthan, which are then sold to manufacturing companies or transformed into products such as copper rods, aluminum rods, copper mother tubes, brass wires, and super-enameled copper conductors. These products are tailored in various shapes and sizes to meet customer specifications and market demand.
To diversify its offerings, Rajputana Industries is expanding into cable production, targeting the construction industry and underwater applications for motors. The new cable plant will be integrated into the existing production facility by utilizing available space. As of July 10, 2024, the company employs 98 full-time staff across various departments, including accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality control, and executive roles.
Rajputana Industries IPO Details
Rajputana Industries IPO opens on July 30, 2024, and closes on August 01, 2024. The Listing date for Rajputana Industries IPO is on August 06, 2024. The price band for IPO is ₹36 to ₹38 per share and lot size of 3000 Shares.
| IPO Date | July 30, 2024 to August 01, 2024 |
| Listing Date | August 06, 2024 |
| Price | ₹36 to ₹38 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹23.88 Cr |
| Face Value | ₹10 per share |
Rajputana Industries IPO Tentative Timetable
Rajputana Industries opening date is July 30, 2024 and close date is August 01, 2024. The IPO allotment date is August 02, 2024. Therefund initiation of IPO is on August 05, 2024. The credit of shares in demat account is on August 05, 2024. The listing date is on August 06, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 30, 2024 |
| IPO Closing | August 01, 2024 |
| IPO Allotment Date | August 02, 2024 |
| Refund Initiation | August 05, 2024 |
| Shares Credit to Demat | August 05, 2024 |
| Lisiting Date | August 06, 2024 |
Rajputana Industries IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹114,000 |
| Retail(Maximum) | 1 | 3000 | ₹114,000 |
| HNI (Minimum) | 2 | 6000 | ₹228,000 |
Rajputana Industries IPO Promoter Holding
| Pre Issue Share Holding | 92.15% |
| Post Issue Share Holding |
Rajputana Industries IPO Review
Rajputana Industries Ltd. (RIL) is a key player in the recycling industry, focusing on transforming various scrap metals into valuable non-ferrous metal products such as copper, aluminium, and brass. With its in-house manufacturing unit in Rajasthan, RIL has effectively carved out a niche for itself, producing billets, rods, tubes, and wires that meet diverse market demands. The company is set to expand its portfolio by venturing into the manufacturing of cables, primarily for the construction industry, which should be operational by the end of September 2024. This strategic move is expected to leverage its existing infrastructure and enhance its market presence.
Financially, RIL has demonstrated steady growth over the past three fiscal years, with its total income increasing from ₹244.51 crore in FY22 to ₹327.01 crore in FY24. The net profit for FY24 stood at ₹5.13 crore, showing consistent improvement in the company's bottom line. Despite the competitive and fragmented nature of the recycling and cable manufacturing industry, RIL has maintained a positive trajectory. The IPO proceeds will be utilized for working capital, purchasing a Grid Solar Power Generating System, and other corporate purposes. Priced at a P/E of 16.45 based on FY24 earnings, the IPO appears to be fully priced, reflecting the company's growth and future potential.
Investors looking for long-term gains may find RIL's IPO a worthwhile consideration. The company's consistent financial performance, combined with its strategic expansion into the cable manufacturing sector, positions it for future growth. The planned installation of a Grid Solar Power Generating System also highlights RIL's commitment to reducing operational costs and enhancing sustainability. Given these factors, coupled with the fully priced nature of the IPO, investors can expect stable returns over the long term.
Rajputana Industries IPO Subscription Status (Bidding Details)
Table not foundRajputana Industries IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Rajputana Industries IPO FAQs
What is Rajputana Industries IPO?
Rajputana Industries is issuing 6,285,000 equity shares with a face value of ₹10 each, totaling up to ₹23.88 Cr. The shares are being offered at a price of ₹36 to ₹38 each, with a minimum order quantity of 3000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Rajputana Industries IPO will open?
Rajputana Industries will open on July 30, 2024 for QIB, NII, and Retail Investors.
When Rajputana Industries IPO will end?
Rajputana Industries will end on August 01, 2024.
What is Rajputana Industries IPO Size?
Rajputana Industries IPO size is ₹23.88 Cr.
What is Rajputana Industries IPO Price Band?
Rajputana Industries price band is ₹36 to ₹38 per share.
What is the Rajputana Industries IPO Allotment Date?
Rajputana Industries allotment date is August 02, 2024.
What is the Rajputana Industries IPO Listing Date?
Rajputana Industries listing date is August 06, 2024. The IPO is to be listed on BSE and NSE.
How to Rajputana Industries IPO through Zerodha?
To apply for the IPO “Rajputana Industries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Rajputana Industries IPO through Upstox?
To apply for the IPO “Rajputana Industries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Rajputana Industries IPO Allotment Status?
For Rajputana Industries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Rajputana Industries IPO GMP?
You can check out here: Rajputana Industries IPO GMP