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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

    ₹ 74.00

IPO Details

  • Bidding starts

    30 Jul 2024

  • Bidding ends

    01 Aug 2024

  • Listing

    06 Aug 2024

  • IPO Price Range

    ₹ 36 -38

  • IPO Size

    ₹ 6,285,000 Cr

  • Listing Exchange

    NSE SME

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IPO Timeline

Rajputana Industries Ltd IPO Subscription Status

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.