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Rajputana Industries Ltd IPO
- Status: Closed
- ₹ 108,000 / 3000
shares
Minimum Investment
IPO Listing Details
- Listing Date
06 Aug 2024
- Listing Price
₹ 72.20
- Listing Change
-290.00%
- Last Traded Price
₹ 81.50
IPO Details
- Open Date
30 Jul 2024
- Close Date
01 Aug 2024
- IPO Price Range
₹ 36 -38
- IPO Size
₹ 6,285,000 Cr
- Listing Exchange
NSE SME
- Listing Date
06 Aug 2024
IPO Timeline
Rajputana Industries Ltd IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
July 30, 2024 | 3.71 | 13.55 | 36.44 | 20.73 |
July 31, 2024 | 4.32 | 53.19 | 150.96 | 82.53 |
August 1, 2024 | 177.94 | 417.95 | 524.61 | 376.41 |
Rajputana Industries Limited was established in 2011 and manufactures a wide range of non-ferrous metal products in copper, aluminum, brass, and various alloys from recycled scrap metal.
The company manufactures billets of metals such as aluminium, copper or brass, etc. from scrap metal procured from open markets. The scrap metal is processed into billets through recycling at the company's own manufacturing facility in Sikar, Rajasthan. The company sells these billets to various manufacturing companies or uses them to manufacture products such as copper rods, aluminum rods, copper mother tubes, brass wires, super-enameled copper conductors, and many other products. These wires, tubes, rods, billets, and bars are manufactured in various shapes and sizes as per the requirements of the customers and/or the demand in the market.
In order to expand its product portfolio, the company is entering into the production of cables, which are primarily used in the construction industry, especially in residential construction, and as underwater cables for motors. The planned cable plant is to be installed in the company's existing production facility by utilizing the excess space of the production plant.
As of July 10, 2024, the company had 98 full-time employees, including employees in the areas of accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality, executives and permanent employees.
- Funding the Working capital requirements of the company;
- Purchase of Grid Solar Power Generating System; and
- General corporate purposes.
Strengths
• Diverse Product Range: Rajputana Industries Ltd. (RIL) manufactures a wide variety of non-ferrous metal products, including copper rods, aluminum rods, brass wires, and more, catering to diverse customer needs and market demands.
• Steady Financial Growth: The company has demonstrated steady growth in its financial performance, with increasing total income and net profits over the last three fiscal years.
• Expansion into New Products: RIL is expanding its product portfolio by entering the cable manufacturing business, which is expected to be operational by September 2024, potentially opening new revenue streams.
• Strategic Use of IPO Proceeds: The funds raised from the IPO will be used for working capital, purchasing a Grid Solar Power Generating System, and other corporate purposes, which could enhance operational efficiency and sustainability.
Risks
• Competitive and Fragmented Market: The recycling and manufacturing of non-ferrous metals and cables is a highly competitive and fragmented industry, which may impact the company's market share and profitability.
• Low Profit Margins: The company's profit margins are relatively low, with PAT margins of 1.08%, 1.22%, and 1.57% for FY22, FY23, and FY24 respectively, which could be a concern for potential investors.
• High P/E Ratio: Based on FY24 earnings, the IPO is priced at a P/E of 16.45, which may be considered high compared to the industry average, indicating that the issue appears fully priced.
• No Dividend History: The company has not declared any dividends for the reported periods, which may be a drawback for investors seeking regular income from their investments.
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FAQs
The Rajputana Industries IPO opens on July 30, 2024 and closes on August 1, 2024.
Rajputana Industries IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
You can apply in Rajputana Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account.
The finalization of Basis of Allotment for Rajputana Industries IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Monday, August 5, 2024.
The Rajputana Industries IPO listing date is on August 6, 2024.
Contact Information
Rajputana Industries Ltd
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 Ltd IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Rajputana Industries Ltd IPO Lead Manager
Holani Consultants Private Limited