Rajputana Industries Ltd IPO

Rajputana Industries Ltd IPO

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.

Rajputana Industries Ltd IPO Details

Total Shares Offered

₹ 62,85,000

Offer to Public

TBA

Retail Max (Shares)

₹ 20,10,000

Pre Issue Promoters Holding

₹ 1,41,61,000

Exchange

NSE

Issue size

₹ 23.88 Cr

IPO Open Date

Jul 30, 2024

Close Date

Aug 1, 2024

Lot Size

3000

Min Investment

₹ 1,08,000

Issue Type

Book Building - SME

Listing Date

Aug 6, 2024

Rajputana Industries Ltd IPO Dates

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Jul 30, 2024
Opening date
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Aug 1, 2024
Closing date
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Aug 2, 2024
Basis of Allotment
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Aug 5, 2024
Initiation of Refunds
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Aug 5, 2024
Credit of Shares
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Aug 6, 2024
Listing date

Details

SectorType
SectorMining
Sub SectorMinerals
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Rajputana Industries Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations13.929.386.53
EBITDA16.7311.898.88
PAT8.275.133.10
Total Assets126.04101.9974.83
Share Capital22.2215.3315.33
Total Borrowings41.9324.4720.72
Operating Activities (Net Cash)11.087.645.45
Investing Activities (Net Cash)-14.91-2.480.00
Financing Activities (Net Cash)41.9324.4720.72
Net Cashflow2.461.891.30

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 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.

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Rajputana Industries Ltd IPO?

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Rajputana Industries Ltd's IPO offers shares for up to 23.88 It begins on Jul 30, 2024 and ends on Aug 1, 2024.

What is the price of the Rajputana Industries Ltd IPO?

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The price of Rajputana Industries Ltd IPO ranges between ₹36 to ₹38 per share.

What are the open and close dates for the Rajputana Industries Ltd IPO?

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The Rajputana Industries Ltd IPO opens on Jul 30, 2024 and closes on Aug 1, 2024.

When will the Rajputana Industries Ltd IPO be allotted?

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The allotment for the Rajputana Industries Ltd IPO will be finalised on Aug 2, 2024. The shares will be listed on BSE and NSE on Aug 6, 2024.

What is the minimum lot size required for Rajputana Industries Ltd IPO?

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The minimum lot size for Rajputana Industries Ltd IPO is 3000 shares, priced between ₹36 to ₹38 per share.

What is the GMP of Rajputana Industries Ltd IPO?

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The GMP (Grey Market Premium) of Rajputana Industries Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rajputana Industries Ltd IPO?

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To check the allotment status of Rajputana Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rajputana Industries Ltd IPO getting listed?

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The Rajputana Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 30, 2024, and closes on Aug 1, 2024. The allotment is finalised on Aug 2, 2024.

How do you apply for the Rajputana Industries Ltd IPO?

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To apply for the Rajputana Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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