Rajputana Industries Ltd IPO
Open Demat Account
Rajputana Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 62.85 L | TBA | ₹ 20.1 L | ₹ 141.61 L | NSE | ₹ 23.88 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Jul, 24 | 01 Aug, 24 | 3000 | ₹ 1,08,000 | Book Building - SME | 06 Aug, 24 |
Rajputana Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Mining |
| Sub Sector | Minerals |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 71.18x | 2685000 | 191112000 |
| NII | 418.35x | 900000 | 376518000 |
| Retail | 524.61x | 2010000 | 1054476000 |
| Employee | 2.8x | 30000 | 84000 |
| Total | 258.42x | 6285000 | 1624191000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rajputana Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9.38 | 6.53 | 5.80 |
| EBITDA | 11.89 | 8.88 | 8.07 |
| PAT | 5.13 | 3.10 | 2.64 |
| Total Assets | 101.56 | 74.83 | 59.10 |
| Share Capital | 15.33 | 15.33 | 14.13 |
| Total Borrowings | 24.04 | 20.72 | 9.96 |
| Operating Activities (Net Cash) | 7.64 | 5.45 | 4.91 |
| Investing Activities (Net Cash) | -2.48 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 24.04 | 20.72 | 9.96 |
| Net Cashflow | 1.89 | 1.30 | 1.22 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Rajputana Industries Ltd
Rajputana Industries Limited was originally incorporated as a Private Limited Company in the name of Rajputana Industries Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 13, 2011, issued by the RoC, Rajasthan, bearing Corporate Identification Number U31909RJ2011PTC035485. Subsequently, the company was converted into Public Limited Company vide shareholders resolution passed at the Extra-Ordinary General Meeting held on April 21, 2023 and name of company was changed to Rajputana Industries Limited pursuant to issuance of Fresh Certification of Incorporation dated May 04, 2023 by Registrar of Companies, Jaipur bearing Corporate Identification Number U31909RJ2011PLC035485.
The world Copper Mine production from April 2022 to March 2023 was about 22,052 thousand metric tonnes (TMT). The share of India in the world production was 24.77 TMT i.e. 0.11% during April 2022 to March 2023. The world Refined Copper Production from April 2022 to March 2023 was about 26,108 TMT against world consumption of 26,239 TMT. As per International Copper Study Group forecast dated 28.04.2023 for the Calendar Year 2023, world Refined Copper production and consumption are projected as 26,419 & 26,431 TMT respectively.
The Company is primarily engaged in the business of manufacturing of diverse range of non-ferrous metal products from primarily Copper, Aluminium, Brass and various alloys from recycling of scrap metal. It procures scrap metal from open markets and convert them into billets made of metals like aluminium, copper or brass etc. through recycling in its inhouse manufacturing unit situated at SP-3, SKS Industrial Area, Reengus Extension, Sikar, Rajasthan.
Peer Comparison:
- Nupur Recyclers Ltd
- Baheti Recycling Industries Ltd
Rajputana Industries Ltd IPO Key Points
Strengths
- Experienced senior management team and qualified workforce.
- Long standing relationships with existing clientele.
- Focus on Quality.
- Established Manufacturing facility.
- Innovative Ideas.
Risk
- The company derives 51.33%, 90.60% and 93.66% of its revenue from the company Promoter Group Companies and Promoting Company for the Financial Years ended on March 31, 2024, 2023 and 2022 respectively. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.
- The company is highly dependent upon a limited number of suppliers 79.49%, 87.42% and 92.75% of its Total Purchases are derived from the company's top 10 suppliers for the Fiscal Years ended on March 31, 2024, 2023 and 2022. Further its 45.98%, 52.35%, and 73.18% of the company total purchases for Fiscal Years ended on March 31, 2024, 2023 and 2022 are procured from its holding and group companies. Any failures of the company suppliers to deliver these products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect its business and the company's ability to deliver orders on time at the desired level of quality.
- The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.
Strategy
- Expanding its customer base.
- Increasing operational efficiencies to enhance returns.
- Invest in infrastructure and technology.
- Product Enhancement and Quality Focus.
- Customer Engagement for Brand Growth.
- Experienced senior management team and qualified workforce.
- Long standing relationships with existing clientele.
- Focus on Quality.
- Established Manufacturing facility.
- Innovative Ideas.
How To Apply for Rajputana Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.