Rajputana Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,685,000 (43% | — | ₹1,020 Cr |
| NII (HNI) | — | 900,000 (14%) | — | ₹342 Cr |
| Retail | — | 2,010,000 (32%) | — | ₹764 Cr |
| Market Maker | — | 360,000 (6%) | — | ₹14 Cr |
| Σ Total | — | 6,285,000 (100%) | — | ₹23,883 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹114,000 |
| Retail (Max) | 13 | 39,000 | ₹1,482,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,596,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,638,000 |
Financial Statements Amount in Rs Cr
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 32,701 | 25,525 | 24,451 |
| Profit After Tax | 513 | 310 | 264 |
| Net Worth | 3,257 | 2,744 | 1,712 |
| Total Assets | 14,975 | 11,781 | 10,237 |
| Total Borrowing | 2,936 | 3,002 | 2,538 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the Working capital requirements of the company; –
- Purchase of Grid Solar Power Generating System; and –
- General corporate purposes. –
Company Overview
Rajputana Industries Limited was established in 2011 and manufactures a wide range of non-ferrous metal products in copper, aluminium, 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.