Rajputana Industries Limited IPO
- IPO Date30 Jul, 2024 to 01 Aug, 2024
- Listing Date06 Aug, 2024
- Face Value₹10 per share
- Issue Price₹36 to ₹38 per share
- Lot Size3000 Shares
- Minimum Investment₹1,14,000
- Listing AtNSE SME
- Total Issue Size62,85,000 Shares
(aggregating up to ₹23.88 Cr) - Fresh Issue62,85,000 Shares
(aggregating up to ₹23.88 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,59,30,000
- Shareholding post issue2,22,15,000
IPO Dates
Closing Date
01 Aug, 2024
Initiation of Refunds
05 Aug, 2024
Listing Date
06 Aug, 2024
30 Jul, 2024
Opening Date
02 Aug, 2024
Basis of Allotment
05 Aug, 2024
Credit of Shares
Rajputana Industries Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 6000 | ₹2,28,000 |
| Retail (Min) | 1 | 3000 | ₹1,14,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 3000 | ₹1,14,000 |
| S-HNI (Max) | - | - | - |
Rajputana Industries Limited Promoter Holding
The company's promoters are M/s Shera Energy Limited, M/s Isha Infrapower Private Limited, Mrs. Shivani Sheikh, and Mr. Sheikh Naseem.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.15% | - |
Rajputana Industries Limited COMPANY INFORMATION
Rajputana Industries IPO is a book built issue of Rs 23.88 crores. The issue is entirely a fresh issue of 62.85 lakh shares. Rajputana Industries IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Rajputana Industries IPO is expected to be finalized on Friday, August 2, 2024. Rajputana Industries IPO will list on NSE SME with tentative listing date fixed as Tuesday, August 6, 2024. Rajputana Industries IPO price band is set at ₹36 to ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹228,000. Holani Consultants Private Limited is the book running lead manager of the Rajputana Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rajputana Industries IPO is Holani Consultants. Refer to Rajputana Industries IPO RHP for detailed information.
Rajputana Industries Limited was established in 2011 and manufactures a wide range of non-ferrous metal products in copper, aluminum, 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.
Rajputana Industries Limited IPO: Comprehensive Analysis
Overview of Rajputana Industries Limited
Rajputana Industries Limited, incorporated on June 13, 2011, has emerged as a prominent player in various sectors. Headquartered in Jaipur, Rajasthan, the company is now making its debut in the stock market with an Initial Public Offering (IPO).
Key Details of Rajputana Industries IPO
- Company Name: Rajputana Industries Limited
- Incorporation Date: June 13, 2011 (converted to Public Limited on April 21, 2023)
- CIN: U31909RJ2011PLC035485
- Registered Office: F-269-B, Road No. 13, VKIA, Jaipur, Rajasthan 302013, India
- Promoters: Shera Energy Limited, Isha Infrapower Private Limited, Mr. Sheikh Naseem, Mrs. Shivani Sheikh
- IPO Size: Up to 62,85,000 equity shares of face value Rs. 10 each
- IPO Price Band: To be decided
- IPO Dates: Opens on July 30, 2024, and closes on August 1, 2024
Pros and Cons of Rajputana Industries IPO
Pros:
Established Promoters:
- Strong backing from established promoters such as Shera Energy Limited and Isha Infrapower Private Limited.
Diversified Business:
- Engaged in multiple sectors providing a diversified revenue stream and reducing dependency on a single industry.
Strategic Location:
- Registered in Jaipur, Rajasthan, which is advantageous for logistics and connectivity.
Regulatory Compliance:
- The company complies with SEBI (ICDR) regulations, providing transparency and reliability to investors.
Growth Potential:
- Conversion to a public limited company suggests readiness for expansion and growth.
Cons:
Market Risks:
- No assurance of active or sustained trading post-listing, which can affect share price stability.
High Risk Investment:
- Equity investments involve high risks, and potential investors could lose their entire investment.
First Public Issue:
- Being the first public issue, there is no prior market performance to gauge investor sentiment.
Valuation Uncertainty:
- The exact issue price and price band are yet to be determined, creating uncertainty about valuation.
Market Conditions:
- External factors like market conditions, regulatory changes, and economic environment can impact the IPO success.
Strengths of Rajputana Industries IPO
Strong Promoter Support
The company benefits from the backing of well-established promoters, providing a solid foundation for future growth.
Diversified Business Model
Rajputana Industries' involvement in multiple sectors reduces the dependency on a single revenue stream, offering stability and growth potential.
Strategic Location Advantage
Located in Jaipur, Rajasthan, the company enjoys strategic advantages in logistics and connectivity, which are crucial for business operations.
Regulatory Compliance
Adherence to SEBI (ICDR) regulations ensures transparency and reliability, enhancing investor confidence.
Potential Risks Associated with Rajputana Industries IPO
Market Volatility
The absence of guaranteed active or sustained trading post-listing can lead to share price volatility.
High-Risk Investment
Equity investments are inherently risky, and potential investors should be prepared for the possibility of losing their entire investment.
First Public Issue Challenges
As this is the company's first public issue, there is no prior market performance to assess investor sentiment and predict market behavior.
Valuation Uncertainty
The final issue price and price band are yet to be disclosed, creating uncertainty regarding the company's valuation.
Conclusion
Investing in Rajputana Industries Limited's IPO offers a mix of opportunities and risks. The company's strong promoter backing and diversified business model provide a solid foundation for growth. However, potential investors should carefully consider the inherent risks associated with equity investments and the uncertainties surrounding the IPO valuation. As always, conducting thorough research and consulting with financial advisors is recommended before making any investment decisions.
FAQs About Rajputana Industries Limited Ipo
Rajputana Industries Limited IPO will open on 30 Jul, 2024 and close on 01 Aug, 2024. Investors must apply within this period to participate.
The Rajputana Industries Limited IPO price band is set between ₹36.00 and ₹38.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹114000.00.
The Rajputana Industries Limited IPO shares are expected to be listed on 06 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Rajputana Industries Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rajputana Industries Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.