The Rajputana Industries IPO is a book-built issue valued at Rs 23.88 crores, consisting entirely of a fresh issue of 62.85 lakh shares.
The IPO opens for subscription on July 30, 2024, and closes on August 1, 2024. The allotment is expected to be finalized on Friday, August 2, 2024, and the shares will be listed on the NSE SME, with the tentative listing date set for Tuesday, August 6, 2024.
The price band for the Rajputana Industries IPO is set between ₹36 and ₹38 per share. The minimum lot size for an application is 3,000 shares, requiring a minimum investment of ₹114,000 for retail investors. For HNI investors, the minimum investment is 2 lots (6,000 shares), amounting to ₹228,000.
- Book Running Lead Manager – Holani Consultants Private Limited
- Registrar of the Issue – Bigshare Services Pvt. Ltd.
- Market Maker – Holani Consultants.
Below are the details of Rajputana Industries IPO 2024 Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Rajputana Industries IPO 2024 Details
| Attribute | IPO Details |
|---|---|
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,285,000 shares (aggregating up to ₹23.88 Cr) |
| Fresh Issue | 6,285,000 shares (aggregating up to ₹23.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,930,000 |
| Share holding post issue | 22,215,000 |
| Market Maker portion | 360,000 shares Holani Consultants |
Rajputana Industries IPO 2024 Timeline
| Events | Timeline |
|---|---|
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Rajputana Industries IPO 2024 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
Rajputana Industries IPO 2024 Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,611,000 (25.63%) |
| Market Maker Shares Offered | 360,000 (5.73%) |
| QIB Shares Offered | 1,074,000 (17.09%) |
| NII (HNI) Shares Offered | 900,000 (14.32%) |
| Retail Shares Offered | 2,010,000 (31.98%) |
| Total Shares Offered | 6,285,000 (100%) |
Rajputana Industries IPO 2024 Anchor Investors
| Details | Timeline |
|---|---|
| Bid Date | July 29, 2024 |
| Shares Offered | 1,611,000 |
| Anchor Portion Size (In Cr.) | 6.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2024 |
Rajputana Industries IPO 2024 Promoters
The company’s promoters are:
- M/s Shera Energy Limited,
- M/s Isha Infrapower Private Limited,
- Mrs. Shivani Sheikh, and
- Mr. Sheikh Naseem.
Rajputana Industries IPO 2024 Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14,974.81 | 11,781.27 | 10,236.66 |
| Revenue | 32,701.29 | 25,524.98 | 24,450.96 |
| Profit After Tax | 512.64 | 309.67 | 263.77 |
| Net Worth | 3,257.20 | 2,743.85 | 1,712.39 |
| Total Borrowing | 2,936.30 | 3,001.61 | 2,537.98 |
| Amount in ₹ Lakhs | |||
Rajputana IPO 2024 Review
The Rajputana Industries Ltd. (RIL) is poised for growth, leveraging its expertise in manufacturing non-ferrous metal products from recycled scrap metals like copper, aluminum, and brass. With a robust in-house manufacturing unit in Sikar, Rajasthan, RIL has diversified its offerings to include a wide array of products such as rods, tubes, wires, and billets, catering to varied market demands. The company’s expansion into the cable manufacturing sector, targeting residential and submersible cables, is a strategic move to enhance its product portfolio. This new venture is expected to commence operations by September 2024, utilizing the surplus area in its existing facility.
RIL’s maiden IPO aims to raise Rs. 23.88 crores, with a significant portion earmarked for working capital and the installation of a Grid Solar Power Generating System. Despite the competitive and fragmented market, RIL has shown consistent growth in revenue and profits over the past three years. Although the IPO is fully priced, the company’s solid financial performance and strategic expansion plans present a promising long-term investment opportunity. Investors with a long-term perspective might find this IPO a worthwhile addition to their portfolio.
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