Rajputana Industries IPO Details
| IPO Size | 23.88 |
| Price Range | ₹36 - ₹38 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 3000 |
| Investment (cut-off price) | ₹114,000 |
| Pre IPO Promotor Holding | 92.15% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Rajputana Industries IPO Timelines
30/07/2024
Start Date01/08/2024
End Date05/08/2024
Refund Initiation05/08/2024
Credit of Shares to Demat Ac06/08/2024
Listing DateRajputana Industries IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹114,000 |
| Retail Maximum | 1 | 3000 | ₹114,000 |
| S-HNI Minimum | 2 | 6000 | ₹228,000 |
Rajputana Industries IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 177.94 x | 418.35 x | 524.61 x | -- | 375.95 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹72.20 | ₹75.80 | ₹75.80 | ₹72.20 |
Rajputana Industries IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹244.51 | ₹240.98 | ₹2.64 |
| FY 2023 | ₹255.25 | ₹251.06 | ₹3.10 |
| FY 2024 | ₹327.01 | ₹320.14 | ₹5.13 |
About Company
Established in 2011, Rajputana Industries Limited specialises in manufacturing a wide range of non-ferrous metal products, including copper, aluminum, brass, and various alloys from recycled scrap metal. The company processes scrap metal procured from open markets into billets of metals such as aluminum, copper, and brass at its manufacturing facility in Sikar, Rajasthan.
These billets are either sold to various manufacturing companies or used to produce products like copper rods, aluminum rods, copper mother tubes, brass wires, super-enameled copper conductors, and other related products. Rajputana Industries manufactures wires, tubes, rods, billets, and bars in various shapes and sizes according to customer specifications and market demand.
In its ongoing efforts to expand its product portfolio, Rajputana Industries is venturing into the production of cables. These cables are primarily intended for use in the construction industry, particularly residential construction, and as underwater cables for motors. The new cable plant will be installed within the company’s existing production facility, utilising the excess space available.
As of July 10, 2024, Rajputana Industries Limited employs 98 full-time staff members across various departments, including accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality control, and executive roles. The company’s commitment to recycling and sustainable production positions it as a key player in the non-ferrous metal manufacturing industry.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2011 | Metal - Non Ferrous | Shivani Sheikh |
Know Before Investing
Rajputana Industries IPO Strengths
- Experienced management team with 26 years in the metal industry.
- Long-standing relationships with top customers spanning over a decade.
- Commitment to quality ensures repeat orders and market presence.
- Comprehensive manufacturing facility in Jaipur and Reengus for end-to-end production.
- Innovative product expansion, including special grade brass rods.
- In-depth industry knowledge provides a competitive advantage.
Rajputana Industries IPO Risks
- Heavy reliance on promoter group for over 70% of revenue.
- Dependence on top 10 suppliers for 80.98% of purchases.
- Potential conflicts in future related party transactions.
- Negative working capital in fiscal years 2021 and 2022.
- Manufacturing capacities are underutilised, impacting financial performance.
- Trademark licensed from promoter, risking business continuity.
Swot Analysis for Rajputana Industries IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Rajputana Industries Limited
F-269-B,
Road No. 13,
VKIA, Jaipur – 302013
Phone: +91 9588841031
Email: [email protected]
Website: http://www.rajputanaindustries.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Rajputana Industries IPO are:
- Funding the Working capital requirements of our Company;
- Purchase of Grid Solar Power Generating System; and
- General corporate purposes.