August 6, 2024
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Rajputana Industries IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Rajputana Industries IPO listing Review
The scrip is listed at Rs. 72.20, at the listing cap of 90%.
Rajputana Industries IPO allotment Link
What is the latest grey market premium of Rajputana Industries IPO?
GMP Rs. 55
Subscription status of Esprit Stones IPO
Rajputana Industries IPO (Closed)Price Rs. 38 Lot 3000 shares, Rs. 15.14 Crore | ||||
| QIB | NII X | RII X | Total X | Applications |
| 177.94 | 417.95 | 524.61 | 375.95 | 3,51,492 (524.61x) |
| Amount wise bids recd. Rs.5691.58 Crore | ||||
| Note: Good subscriptions | ||||
What is the business of Rajputana Industries ?
Rajputana Industries specializes in manufacturing a diverse range of non-ferrous metal products, primarily utilizing Copper, Aluminium, Brass, and various alloys sourced from recycled scrap metal. Scrap metal is procured from open markets and transformed into billets at its in-house manufacturing unit located at SP-3, SKS Industrial Area, Reengus Extension, Sikar, Rajasthan.
Once these billets are produced from recycled scrap metal, they are either sold to various manufacturing companies or utilized in the production of Copper rods, Aluminium rods, Copper mother tubes, brass wires, super enameled copper conductors, and other related products. Its offerings, including wires, tubes, bars, billets, and rods, are manufactured in diverse shapes and sizes to meet customer specifications and market demand.
As of March 31, 2023, its annual installed capacity for all products totals 9,860 MT. Its well-equipped manufacturing facilities feature advanced technology, plant machinery, and an in-house quality control lab with testing equipment to ensure the high quality of our products.
Its product portfolio encompasses a wide range of Copper, Aluminum, and Brass rods, billets, strips, wires, and tubes, tailored to meet diverse industry needs and customer requirements.
Get more information about the company @ www.rajputanaindustries.com
Rajputana Industries IPO Details | |
| IPO opens on | 30 July 2024 |
| IPO closes on | 01 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6885000 Shares / Rs 23.88 Crore |
| * Fresh Issue | 6885000 Shares / Rs 23.88 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 360000 Shares |
| Net offer to Public | 6525000 Shares/ Rs.?24.80 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.36-38 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 3262500 | 12.40 |
| HNI (15%) | 978750 | 3.72 |
| RII (35%) | 2283750 | 8.68 |
| Total Shares | 6525000 | 24.80 |
| Retail portion will be oversubscribed by | 761 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 3000 Shares | Rs.114000 |
| Min HNI Application | 6000 Shares | Rs.228000 |
Who are the Promoters of Rajputana Industries IPO?
The promoters of the Company are Shera Energy Limited, Mr. Sheikh Naseem and Mrs. Shivani Sheikh
What are the Objects of Rajputana Industries IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.Funding the Working capital requirements of the Company;
2. Purchase of Grid Solar Power Generating System; and
3. General corporate purposes.
Tentative timetable | |
| IPO opens on | 30 July 2024 |
| IPO Closes on | 01 August 2024 |
| IPO Allotment on | 02 Auguat 2024 |
| Refund Initiation | 05 August 2024 |
| Credit of Shares | 05 Augut 2024 |
| Listing on | 06 August 2024 |
| Registered Office of the Company F-269-B, Road No. 13, VKIA, Jaipur Rajasthan 302013 India |
| Who is the Lead Manager of this IPO? Holani Consultants Private Limited |
| Who is the Registrar to IPO? Bigshare Services Private Limited |
Rajputana Industries IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 224.51 | 2.64 | 1.87 | 15.40 |
| 2022-23 | 255.25 | 3.10 | 2.19 | 11.29 |
| 2023-24 | 327.01 | 5.13 | 3.34 | 15.74 |
| Book Value of the Share on 31.03.2024 | Rs 21.25 | |||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 38 | |||
IPO | |
| Price/EPS of 23-24 | 11.81 |
| Price/BV Ratio | 1.79 |
| Price/BV after IPO | – |
How Rajputana Industries IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Rajputana Industries | 10 | 326.51 | 11.81 |
| Nupur Recyclers | 10 | 180.82 | 62.14 |
| Baheti Recycling | 10 | 429.34 | 40.20 |
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Rajputana Industries
IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Rajputana Industries IPO Review
Rajputana Industries specializes in manufacturing a diverse range of non-ferrous metal products, primarily utilizing Copper, Aluminium, Brass, and various alloys sourced from recycled scrap metal. Scrap metal is procured from open markets and transformed into billets at its in-house manufacturing unit located at SP-3, SKS Industrial Area, Reengus Extension, Sikar, Rajasthan.
Size: The size of the IPO is Rs. 24.80 crore. Shares of Rs. 3.72 crore are offered to HNIs and of Rs. 8.68 crore are offered to retail investors. With just 761 applications, retail portion can get one time subscribed.
Fundamental review: The company has shown impressive topline and bottomline during last 3 years. The shares are offered at reasonable valution and there is room for listing gains.
+ from fundamental angle: May Apply
+ from grey market angle: Apply
Quicklinks
Rajputana Industries IPO GMP today allotment, review?
Rajputana Industries IPO GMP grey market premium
Rajputana Industries IPO FAQs
What is Rajputana Industries IPO?
This is a SME IPO of 6885000 equity shares of the face value of Rs. 10 aggregating up to Rs.23.88 Crores. The issue is priced at Rs.36-38 per share. The minimum order quantity is 3000 Shares.
When will Rajputana Industries IPO subscription open?
Rajputana Industries IPO opens on July 30, 2024, and closes on August 01, 2024.
What is the lot size of Rajputana Industries IPO?
Rajputana Industries IPO lot size is 3000 Shares, and the minimum amount required is Rs.114000
How to apply for Rajputana Industries IPO?
You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Rajputana Industries IPO allotment?
The finalization of Basis of Allotment for Rajputana Industries IPO will be done on 2 August, 2024, and the allotted shares will be credited to your demat account by August 05, 2024.
When is Rajputana Industries IPO listing date?
Rajputana Industries IPO listing date is August 06, 2024.
