IPO Issue Details
Issue Price / Price Band₹38 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size62,85,000 shares (aggregating up to ₹23.88 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 30 Jul 2024
Subscription CloseThu, 01 Aug 2024
Anchor AllotmentMon, 29 Jul 2024
Basis of AllotmentFri, 02 Aug 2024
Initiation of RefundsMon, 05 Aug 2024
Credit of Shares to DematMon, 05 Aug 2024
Listing DateTue, 06 Aug 2024
UPI Mandate Deadline2024-08-01
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 3,000 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 6,000 shares
EPS (Pre-IPO)₹3.22
EPS (Post-IPO)₹2.31
P/E Ratio (Pre-IPO)11.81x
P/E Ratio (Post-IPO)16.47x
Net Offer to Public59,25,000 shares (aggregating up to ₹22.52 Cr)
Reserved for Market Maker3,60,000 shares (aggregating up to ₹1.37 Cr)
Pre-IPO Promoter Holding1,59,30,000 shares
Post-IPO Promoter Holding2,22,15,000 shares
About Rajputana Industries Ltd
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.
Objects of the Issue
Rajputana Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding the Working capital requirements of the company;
2
Purchase of Grid Solar Power Generating System; and
3
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,59,30,000 shares
Post-IPO Promoter Holding
2,22,15,000 shares