Rajputana Industries IPO Subscription Status

Rajputana Industries IPO Subscription - Day-3 Subscription at 375.95 times

Rajputana Industries IPO closed on 1 Aug. Shares of Rajputana Industries are likely to be listed on 6 August on NSE SME platform. As of 1 Aug 2024, Rajputana Industries IPO received bids for 1,62,18,30,000 shares much more than the 43,14,000 shares offered. It means Rajputana Industries IPO was oversubscribed by 375.95 times by the end of day 3.

Here are the subscription details for Rajputana Industries IPO as of Day 3  (1 August 2024 at 6.01 pm)

Rajputana Industries IPO subscription was mainly driven by retail investors on the 3rd day, followed by HNI / NII, then Qualified Institutional Buyers (QIBs) showing good interest on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Rajputana Industries IPO for Days 1, 2, and 3

On day 1, Rajputana Industries IPO was subscribed 20.73 times. By day 2, the subscription status had risen to 82.53 times and on day 3, it reached 375.95 times.

Here are the subscription details for Rajputana Industries IPO by category as of Day 3:

Data Source: NSE

For Rajputana Industries anchor Investors and market makers each subscribed 1 time. Qualified Institutional Buyers (QIBs) subscribed 177.94 times on day 3. HNIs / NIIs portion subscribed 417.95 times, while Retail Investors subscribed 524.61 times. Overall, Rajputana Industries IPO was subscribed 375.95 times.

Rajputana Industries IPO Subscription - Day-2 Subscription at 81.19 times

Rajputana Industries IPO will close on 1 Aug. Shares of Rajputana Industries are likely to be listed on 6 August on NSE SME platform. On 31 July 2024, Rajputana Industries IPO received bids for 35,02,68,000 shares much more than the 43,14,000 shares available. It means Rajputana Industries IPO was oversubscribed by 81.19  times by the end of day 2.

Here are the subscription details for Rajputana Industries IPO as of Day 2 as of 5.20 pm.

Rajputana Industries IPO subscription was mainly driven by retail investors on second day, followed by HNI / NII, then Qualified Institutional Buyers (QIBs) showing less interest on day 2. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Rajputana Industries IPO by category as of Day 2:

Data Source: NSE

On day 1, Rajputana Industries IPO was subscribed 20.73 times. By day 2, the subscription status had risen to 81.19 times.  Qualified Institutional Buyers (QIBs) subscribed 4.32 times on day 2. HNIs / NIIs portion subscribed 52.96 times, while Retail Investors subscribed 148.20 times. Overall, Rajputana Industries IPO was subscribed 81.19 times.

Rajputana Industries IPO Subscription Day 1 - Subscription at 20.43 Times

Rajputana Industries IPO will close on August 1st, 2024. Shares of Rajputana Industries are likely to be listed on August 6th, 2024 on the NSE SME platform.

On July 30th, 2024, Rajputana Industries IPO received bids for 8,84,61,000 shares, much more than the 43,14,000 shares available. This means that Rajputana Industries IPO was subscribed 20.51 times by the end of Day 1.

Here are the subscription details for Rajputana Industries IPO as of Day 1 (30th July, 2024, at 6 pm):

Rajputana Industries IPO subscription was mainly driven by retail investors, followed by High Net Worth Individuals (HNIs)/NIIs, and interest from Qualified Institutional Buyers on day 1. The overall subscription numbers exclude the anchor investor portion and the market-making segment of the IPO.

Qualified Institutional Buyers (QIBs) include large entities such as mutual funds and insurance companies, while High Net Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) comprise affluent individual investors and smaller institutions.

Here are the subscription details for Rajputana Industries IPO by category as of Day 1:

Data Source: NSE

On day 1, Rajputana Industries IPO was subscribed 20.51 times. Qualified Institutional Buyers (QIBs) subscribed at 3.71 times. HNIs / NIIs portion subscribed at 13.50 times, while Retail Investors subscribed at 35.98 times. Overall, the IPO was subscribed 20.51 times.

About Rajputana Industries

Rajputana Industries Limited, founded in 2011, specializes in producing a diverse array of non-ferrous metal products, including copper, aluminium, brass, and various alloys, using recycled scrap metal.

The company processes scrap metal sourced from open markets into metal billets, including aluminium, copper, and brass, at its manufacturing facility in Sikar, Rajasthan. These billets are either sold to other manufacturing firms or used by the company to create products such as copper rods, aluminium rods, copper mother tubes, brass wires, and super-enamelled copper conductors. The company produces these items in various shapes and sizes to meet customer specifications and market demand.

To diversify its product offerings, Rajputana Industries is expanding into cable production, targeting applications in the construction sector, particularly for residential buildings, and for underwater motors. This new cable production line will be set up within the company's existing facility, utilizing available space.

Highlights of the Rajputana Industries IPO

IPO Price Band: ₹36 to ₹38 per share.

Minimum Application Lot Size: 3000 shares.

Minimum Investment for Retail Investors: ₹114,000.

Minimum Investment for High Net-worth Investors (HNI): 2 lots (6,000 shares), ₹228,000.

Registrar: Bigshare Services Private Ltd.